Common use of Funding Procedures Clause in Contracts

Funding Procedures. Not later than 12:00 noon (Dallas, Texas time) on the proposed Drawdown Date of any Revolving Credit Loans, each of the Revolving Credit Lenders will make available to the Administrative Agent, at the Administrative Agent’s Office, in immediately available funds, the amount of such Revolving Credit Lender’s Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Revolving Credit Lender of such amount, and upon receipt of the documents required by §§12 and 13 and the satisfaction of the other conditions set forth therein, to the extent applicable, the Administrative Agent will make available to the Borrower the aggregate amount of such Revolving Credit Loans made available to the Administrative Agent by the Revolving Credit Lenders. The failure or refusal of any Revolving Credit Lender to make available to the Administrative Agent at the aforesaid time and place on any Drawdown Date the amount of its Commitment Percentage of the requested Revolving Credit Loans shall not relieve any other Revolving Credit Lender from its several obligation hereunder to make available to the Administrative Agent the amount of such other Revolving Credit Lender’s Commitment Percentage of any requested Revolving Credit Loans.

Appears in 5 contracts

Samples: Revolving Credit and Term Loan Agreement (Emmis Communications Corp), Revolving Credit and Term Loan Agreement (Emmis Communications Corp), Revolving Credit and Term Loan Agreement (Emmis Communications Corp)

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Funding Procedures. Not later than 12:00 noon 3:00 p.m. (Dallas, Texas Boston time) on the proposed Drawdown Date of any Revolving Credit Loans, each of the Revolving Credit Lenders will make available to the Administrative Agent, at the Administrative Agent’s 's Office, in immediately available funds, the amount of such Revolving Credit Lender’s 's Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Revolving Credit Lender of such amount, and upon receipt of the documents required by §§ss.ss.11 and 12 and 13 and the satisfaction of the other conditions set forth therein, to the extent applicable, the Administrative Agent will make available to the Borrower Borrowers' Representative the aggregate amount of such Revolving Credit Loans made available to the Administrative Agent by the Revolving Credit Lenders. The failure or refusal of any Revolving Credit Lender to make available to the Administrative Agent at the aforesaid time and place on any Drawdown Date the amount of its Commitment Percentage of the requested Revolving Credit Loans shall not relieve any other Revolving Credit Lender from its several obligation hereunder to make available to the Administrative Agent the amount of such other Revolving Credit Lender’s 's Commitment Percentage of any requested Revolving Credit Loans.

Appears in 2 contracts

Samples: Revolving Credit, Tranche B Loan and Security Agreement (Mayors Jewelers Inc/De), Revolving Credit, Tranche B Loan and Security Agreement (Mayors Jewelers Inc/De)

Funding Procedures. Not later than 12:00 noon 3:00 p.m. (Dallas, Texas Boston time) on the proposed Drawdown Date of any Revolving Credit Loans, each of the Revolving Credit Lenders will make available to the Administrative Agent, at the Administrative Agent’s 's Office, in immediately available funds, the amount of such Revolving Credit Lender’s 's Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Revolving Credit Lender of such amount, and upon receipt of the documents required by §§Section 11 for the Closing Date and Section 12 and 13 thereafter and the satisfaction of the other conditions set forth therein, to the extent applicable, the Administrative Agent will make available to the Borrower Borrower, in immediately available funds, the aggregate amount of such Revolving Credit Loans made available to the Administrative Agent by the Revolving Credit Lenders. The failure or refusal of any Revolving Credit Lender to make available to the Administrative Agent at the aforesaid time and place on any Drawdown Date the amount of its Commitment Percentage of the requested Revolving Credit Loans shall not relieve any other Revolving Credit Lender from its several obligation hereunder to make available to the Administrative Agent the amount of such other Revolving Credit Lender’s 's Commitment Percentage of any requested Revolving Credit Loans.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Timberland Co), Revolving Credit Agreement (Timberland Co)

Funding Procedures. Not later than 12:00 noon 11:00 a.m. (Dallas, Texas Boston time) on the proposed Drawdown Date of any Revolving Credit Loans, each of the Revolving Credit Lenders Applicable Banks will make available to the Administrative Applicable Agent, at the Administrative Agent’s its Head Office, in immediately available funds, the amount of such Revolving Credit Lender’s Applicable Bank's Commitment Percentage or Gold Commitment Percentage, as the case may be, of the amount of the requested Revolving Credit Loans. Upon receipt from each Revolving Credit Lender Applicable Bank of such amount, and upon receipt of the documents required by §§12 ss.ss.14 and 13 15 and the satisfaction of the other conditions set forth therein, to the extent applicable, the Administrative Applicable Agent will make available to the Borrower the aggregate amount of such Revolving Credit Loans made available to the Administrative Applicable Agent by the Revolving Credit LendersApplicable Banks. The failure or refusal of any Revolving Credit Lender Applicable Bank to make available to the Administrative Applicable Agent at the aforesaid time and place on any Drawdown Date the amount of its Commitment Percentage or Gold Commitment Percentage, as the case may be, of the requested Revolving Credit Loans shall not relieve any other Revolving Credit Lender Applicable Bank from its several obligation hereunder to make available to the Administrative Applicable Agent the amount of such other Revolving Credit Lender’s Applicable Bank's Commitment Percentage or Gold Commitment Percentage, as the case may be, of any requested Revolving Credit Loans.

Appears in 2 contracts

Samples: Revolving Credit, Term Loan and Gold Consignment Agreement (Commemorative Brands Inc), Revolving Credit, Term Loan and Gold Consignment Agreement (Commemorative Brands Inc)

Funding Procedures. Not later than 12:00 noon 11:00 a.m. (DallasCharlotte, Texas North Carolina time) on the proposed Drawdown Date of any Revolving Credit Loans, each of the Revolving Credit Lenders will make available to the Administrative Agent, at the Administrative Agent’s Office, in immediately available fundsSame Day Funds, the amount of such Revolving Credit Lender’s Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Revolving Credit Lender of such amount, and upon receipt of the documents required by §§12 and 13 and subject to the satisfaction of the other conditions set forth thereinin Sections 10 and 11, to the extent applicable, the Administrative Agent will make available to the Borrower Domestic Borrowing Administrator (in the case of Domestic Revolving Credit Loans) and to the Foreign Borrowing Administrator (in the case of Foreign Revolving Credit Loans) the aggregate amount of such Revolving Credit Loans made available to the Administrative Agent by the Revolving Credit Lenders, by promptly crediting such amount, in like funds, to the account specified in the applicable Loan Request. The failure or refusal of any Revolving Credit Lender to make available to the Administrative Agent at the aforesaid time and place on any Drawdown Date the amount of its Commitment Percentage of the requested Revolving Credit Loans shall not relieve any other Revolving Credit Lender from its several obligation hereunder to make available to the Administrative Agent the amount of such other Revolving Credit Lender’s Commitment Percentage of any requested Revolving Credit Loans.

Appears in 2 contracts

Samples: Credit Agreement (Lionbridge Technologies Inc /De/), Credit Agreement (Lionbridge Technologies Inc /De/)

Funding Procedures. Not later than 12:00 noon 3:00 p.m. (Dallas, Texas New York time) on the proposed Drawdown Date of any Revolving Credit Loans, each of the Revolving Credit Lenders will make available to the Administrative Agent, at the Administrative Agent’s 's Office, in immediately available funds, the amount of such Revolving Credit Lender’s 's Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Revolving Credit Lender of such amount, and upon receipt of the documents required by §§12 Section 10 for the Closing Date and 13 Section 11 thereafter and the satisfaction of the other conditions set forth therein, to the extent applicable, the Administrative Agent will make available to the Borrower Borrower, in immediately available funds, the aggregate amount of such Revolving Credit Loans made available to the Administrative Agent by the Revolving Credit Lenders. The failure or refusal of any Revolving Credit Lender to make available to the Administrative Agent at the aforesaid time and place on any Drawdown Date the amount of its Commitment Percentage of the requested Revolving Credit Loans shall not relieve any other Revolving Credit Lender from its several obligation hereunder to make available to the Administrative Agent the amount of such other Revolving Credit Lender’s 's Commitment Percentage of any requested Revolving Credit Loans.

Appears in 1 contract

Samples: Revolving Credit Agreement (Timberland Co)

Funding Procedures. Not later than 12:00 noon 1:00 p.m. (DallasHartford, Texas Connecticut time) on the proposed Drawdown Date of any Revolving Credit LoansLoans or the Drawdown Date of any Revolving Credit Loans under Section 2.7, each of the Revolving Credit Lenders Banks will make available to the Administrative Agent, at the Administrative Agent’s 's Head Office, in immediately available funds, the amount of such Revolving Credit Lender’s Bank's Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Revolving Credit Lender Bank of such amount, and upon receipt of the documents required by §§12 and 13 Section 10 and the satisfaction of the other conditions set forth therein, to the extent applicable, the Administrative Agent will make available to the Borrower the aggregate amount of such Revolving Credit Loans made available to the Administrative Agent by the Revolving Credit LendersBanks. The failure or refusal of any Revolving Credit Lender Bank to make available to the Administrative Agent at the aforesaid time and place on any Drawdown Date the amount of its Commitment Percentage of the requested Revolving Credit Loans shall not relieve any other Revolving Credit Lender Bank from its several obligation hereunder to make available to the Administrative Agent the amount of such other Revolving Credit Lender’s Bank's Commitment Percentage of any requested Revolving Credit Loans, but no other Bank shall be liable in respect of the failure of such Bank to make available such amount.

Appears in 1 contract

Samples: Revolving Credit Agreement (Alliance Capital Management Lp Ii)

Funding Procedures. Not later than 12:00 noon 11:00 a.m. (Dallas, Texas Boston time) on the proposed Drawdown Date of any Revolving Credit Loans, each of the Revolving Credit Lenders will make available to the Administrative Agent, at the Administrative Agent’s 's Office, in immediately available funds, the amount of such Lender's Revolving Credit Lender’s Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Revolving Credit Lender of such amount, and upon receipt of the documents required by §§12 ss.ss.12 and 13 and the satisfaction of the other conditions set forth therein, to the extent applicable, the Administrative Agent will make available to the Borrower Borrowers the aggregate amount of such Revolving Credit Loans made available to the Administrative Agent by the Revolving Credit Lenders. The failure or refusal of any Revolving Credit Lender to make available to the Administrative Agent at the aforesaid time and place on any Drawdown Date the amount of its Revolving Credit Commitment Percentage of the requested Revolving Credit Loans shall not relieve any other Revolving Credit Lender from its several obligation hereunder to make available to the Administrative Agent the amount of such other Lender's Revolving Credit Lender’s Commitment Percentage of any requested Revolving Credit Loans.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Furrs Restaurant Group Inc)

Funding Procedures. Not later than 12:00 noon 11:00 a.m. (Dallas, Texas Boston time) on the proposed Drawdown Date of any Revolving Credit LoansLoans (other than Revolving Credit Loans made pursuant to Section 2.6.2), each of the Revolving Credit Lenders will make available to the Administrative Agent, at the Administrative Agent’s 's Office, in immediately available funds, the amount of such Revolving Credit Lender’s 's Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Revolving Credit Lender of such amount, and upon receipt of the documents required by §§Section Section 11 and 12 and 13 and the satisfaction of the other conditions set forth therein, to the extent applicable, the Administrative Agent will make available to the Borrower the aggregate amount of such Revolving Credit Loans made available to the Administrative Agent by the Revolving Credit Lenders. The failure or refusal of any Revolving Credit Lender to make available to the Administrative Agent at the aforesaid time and place on any Drawdown Date the amount of its Commitment Percentage of the requested Revolving Credit Loans (a) shall not relieve any other Revolving Credit Lender from its several obligation hereunder to make available to the Administrative Agent the amount of such other Revolving Credit Lender’s 's Commitment Percentage of any requested Revolving Credit Loans, or (b) shall not impose upon any other Lender any liability with respect to such failure or refusal or otherwise increase the Commitment of such other Lender.

Appears in 1 contract

Samples: Revolving Credit Agreement (Friendly Ice Cream Corp)

Funding Procedures. Not later than 12:00 noon 1:00 p.m. (Dallas, Texas Boston time) on the proposed Drawdown Date of any Revolving Credit Loans, each of the Revolving Credit Lenders will make available to the Administrative Agent, at the Administrative Agent’s 's Office, in immediately available funds, the amount of such Revolving Credit Lender’s 's Revolving Credit Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Revolving Credit Lender of such amount, and upon receipt of the documents required by §§Sections 11 and 12 and 13 and the satisfaction of the other conditions set forth therein, to the extent applicable, the Administrative Agent will make available to the Borrower Borrowers the aggregate amount of such Revolving Credit Loans made available to the Administrative Agent by the Revolving Credit Lenders. The failure or refusal of any Revolving Credit Lender to make available to the Administrative Agent at the aforesaid time and place on any Drawdown Date the amount of its Revolving Credit Commitment Percentage of the requested Revolving Credit Loans shall not relieve any other Revolving Credit Lender from its several obligation hereunder to make available to the Administrative Agent the amount of such other Revolving Credit Lender’s 's Revolving Credit Commitment Percentage of any requested Revolving Credit Loans.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Iesi Tx Corp)

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Funding Procedures. Not later than 12:00 noon 1:00 p.m. (Dallas, Texas Boston time) on the proposed Drawdown Date of any Revolving Credit Loans, each of the Revolving Credit Lenders will make available to the Administrative Agent, at the Administrative Agent’s 's Office, in immediately available funds, the amount of such Revolving Credit Lender’s 's Revolving Credit Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Revolving Credit Lender of such amount, and upon receipt of the documents required by §§ss.ss.11 and 12 and 13 and the satisfaction of the other conditions set forth therein, to the extent applicable, the Administrative Agent will make available to the Borrower Borrowers the aggregate amount of such Revolving Credit Loans made available to the Administrative Agent by the Revolving Credit Lenders. The failure or refusal of any Revolving Credit Lender to make available to the Administrative Agent at the aforesaid time and place on any Drawdown Date the amount of its Revolving Credit Commitment Percentage of the requested Revolving Credit Loans shall not relieve any other Revolving Credit Lender from its several obligation hereunder to make available to the Administrative Agent the amount of such other Revolving Credit Lender’s 's Revolving Credit Commitment Percentage of any requested Revolving Credit Loans.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Iesi Corp)

Funding Procedures. Not later than 12:00 noon (DallasHouston, Texas time) on the proposed Drawdown Date of any Revolving Credit Loans, each of the Revolving Credit Lenders will make available to the Administrative Agent, at the Administrative Agent’s 's Office, in immediately available funds, the amount of such Revolving Credit Lender’s 's Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Revolving Credit Lender of such amount, and upon receipt of the documents required by §§12 ss.ss.13 and 13 14 and the satisfaction of the other conditions set forth therein, to the extent applicable, the Administrative Agent will make available to the Borrower the aggregate amount of such Revolving Credit Loans made available to the Administrative Agent by the Revolving Credit Lenders. The failure or refusal of any Revolving Credit Lender to make available to the Administrative Agent at the aforesaid time and place on any Drawdown Date the amount of its Commitment Percentage of the requested Revolving Credit Loans shall not relieve any other Revolving Credit Lender from its several obligation hereunder to make available to the Administrative Agent the amount of such other Revolving Credit Lender’s 's Commitment Percentage of any requested Revolving Credit Loans.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Emmis Communications Corp)

Funding Procedures. Not later than 12:00 noon 11:00 a.m. (Dallas, Texas New York ------------------ City time) on the proposed Drawdown Date of any Revolving Credit Loans, each of the Revolving Credit Lenders will make available to the Administrative Agent, at the Administrative Agent’s 's Head Office, in immediately available funds, the amount of such Lender's Revolving Credit Lender’s Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Revolving Credit Lender of such amount, and upon receipt of the documents required by §§12 (S)12 (for the initial Revolving Credit Loans to be made on the Closing Date) and 13 (S)13 and the satisfaction of the other conditions set forth therein, to the extent applicable, the Administrative Agent will make available to the Borrower Company the aggregate amount of such Revolving Credit Loans made available to the Administrative Agent by the Revolving Credit Lenders. The failure or refusal of any Revolving Credit Lender to make available to the Administrative Agent at the aforesaid time and place on any Drawdown Date the amount of its Revolving Commitment Percentage of the requested Revolving Credit Loans shall not relieve any other Revolving Credit Lender from its several obligation hereunder to make available to the Administrative Agent the amount of such other Lender's Revolving Credit Lender’s Commitment Percentage of any requested Revolving Credit Loans.

Appears in 1 contract

Samples: Multicurrency Revolving Credit and Term Loan Agreement (Samsonite Holdings Inc)

Funding Procedures. Not later than 12:00 noon 11:00 a.m. (Dallas, Texas California time) on the proposed Drawdown Date of any Revolving Credit LoansLoans (other than Revolving Credit Loans made pursuant to §2.6.2), each of the Revolving Credit Lenders will make available to the Administrative Agent, at the Administrative Agent’s Office, in immediately available funds, the amount of such Revolving Credit Lender’s Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Revolving Credit Lender of such amount, and upon receipt of the documents required by §§11 and 12 and 13 and the satisfaction of the other conditions set forth therein, to the extent applicable, the Administrative Agent will make available to the Borrower the aggregate amount of such Revolving Credit Loans made available to the Administrative Agent by the Revolving Credit Lenders. The failure or refusal of any Revolving Credit Lender to make available to the Administrative Agent at the aforesaid time and place on any Drawdown Date the amount of its Commitment Percentage of the requested Revolving Credit Loans (a) shall not relieve any other Revolving Credit Lender from its several obligation hereunder to make available to the Administrative Agent the amount of such other Revolving Credit Lender’s Commitment Percentage of any requested Revolving Credit Loans, or (b) shall not impose upon any other Lender any liability with respect to such failure or refusal or otherwise increase the Commitment of such other Lender.

Appears in 1 contract

Samples: Revolving Credit Agreement (Friendly Ice Cream Corp)

Funding Procedures. Not later than 12:00 noon 3:00 p.m. (Dallas, Texas Boston time) on the proposed Drawdown Date of any Revolving Credit Loans, each of the Revolving Credit Lenders will make available to the Administrative Agent, at the Administrative Agent’s Office, in immediately available funds, the amount of such Revolving Credit Lender’s Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Revolving Credit Lender of such amount, and upon receipt of the documents required by §§Sections 11 and 12 and 13 and the satisfaction of the other conditions set forth therein, to the extent applicable, the Administrative Agent will make available to the Borrower Borrowers’ Representative the aggregate amount of such Revolving Credit Loans made available to the Administrative Agent by the Revolving Credit Lenders. The failure or refusal of any Revolving Credit Lender to make available to the Administrative Agent at the aforesaid time and place on any Drawdown Date the amount of its Commitment Percentage of the requested Revolving Credit Loans shall not relieve any other Revolving Credit Lender from its several obligation hereunder to make available to the Administrative Agent the amount of such other Revolving Credit Lender’s Commitment Percentage of any requested Revolving Credit Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Fao Inc)

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