Funding Procedures. Not later than 3:00 p.m. (New York time) on the proposed Drawdown Date of any Revolving Credit Loans, each of the Lenders will make available to the Administrative Agent, at the Administrative Agent's Office, in immediately available funds, the amount of such Lender's Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Lender of such amount, and upon receipt of the documents required by Sections 11 and 12 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 Lenders. The failure or refusal of any 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 Lender from its several obligation hereunder to make available to the Administrative Agent the amount of such other Lender's Commitment Percentage of any requested Revolving Credit Loans.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Coach Inc), Revolving Credit Agreement (Coach Inc)
Funding Procedures. Not later than 3:00 p.m. (New York Boston time) on the proposed Drawdown Date of any Revolving Credit Loans, each of the 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 ’s Revolving Credit Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Lender of such amount, and upon receipt of the documents required by Sections 11 §§12 and 12 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 Lenders. The failure or refusal of any 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 Lender from its several obligation hereunder to make available to the Administrative Agent the amount of such other Lender's ’s Revolving Credit Commitment Percentage of any requested Revolving Credit Loans.
Appears in 2 contracts
Sources: Revolving Credit Agreement (McCormick & Schmicks Seafood Restaurants Inc.), Revolving Credit Agreement (McCormick & Schmick Holdings, L.L.C.)
Funding Procedures. Not later than 3:00 1:00 p.m. (New York Boston time) on the proposed Drawdown Date of any Revolving Credit Loans, each of the Lenders will make available to the Administrative Agent, at the Administrative Agent's its Head Office, in immediately available funds, the amount of such Lender's Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Lender one or more of the Lenders of such amount, and upon receipt of the documents required by Sections 11 and 12 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 Lenders. The failure or refusal of any 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 Lender from its several obligation hereunder to make available to the Administrative Agent the amount of such other Lender's Commitment Percentage of any requested Revolving Credit Loans.
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Funding Procedures. Not later than 3:00 p.m. noon (New York Boston time) on the proposed Drawdown Date of any Revolving Credit Loans, each of the Lenders will make available to the Administrative Agent, at the Administrative Agent's Office, in immediately available fundsSame Day Funds, the amount of such Lender's Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Lender of such amount, and upon receipt of the documents required by Sections ss.ss.10 and 11 and 12 and the satisfaction of the other conditions set forth therein, to the extent applicable, the Administrative Agent will make available to the applicable Borrower the aggregate amount of such Revolving Credit Loans made available to the Administrative Agent by the Lenders. The failure or refusal of any 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 Lender from its several obligation hereunder to make available to the Administrative Agent the amount of such other Lender's Commitment Percentage of any requested Revolving Credit Loans.
Appears in 1 contract
Funding Procedures. Not later than 3:00 p.m. (New York Boston time) on the proposed Drawdown Date of any Revolving Credit Loans, each of the Lenders will make available to the Administrative Agent, at the Administrative Agent's Head Office, in immediately available funds, the amount of such Lender's Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Lender of such amount, and upon receipt of the documents required by Sections 11 ss.ss.12 and 12 14 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 Lenders. The failure or refusal of any 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 Lender from its several obligation hereunder to make available to the Administrative Agent the amount of such other Lender's Commitment Percentage of any requested Revolving Credit Loans.
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (Century Aluminum Co)
Funding Procedures. Not later than 3:00 2:00 p.m. (New York time) on the proposed Drawdown Date of any Revolving Credit Loans, each of the Lenders Banks will make available to the Administrative Agent, at the Administrative Agent's Head Office, in immediately available funds, the amount of such LenderBank's Revolving Credit Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Lender Bank of such amount, and upon receipt of the documents required by Sections 11 ss.ss.14 and 12 15 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 LendersBanks. The failure or refusal of any Lender Bank 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 Lender Bank from its several obligation hereunder to make available to the Administrative Agent the amount of such other LenderBank's Revolving Credit Commitment Percentage of any requested Revolving Credit Loans.
Appears in 1 contract
Sources: Debtor in Possession Revolving Credit and Term Loan Agreement (Hvide Marine Inc)
Funding Procedures. Not later than 3:00 p.m. 12:00 noon (New York Boston time) on ------------------ the proposed Drawdown Date of any Revolving Credit Loans, each of the Lenders will make available to the Administrative Agent, at the Administrative Agent's Office, in immediately available funds, the amount of such Lender's Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Lender of such amount, and upon receipt of the documents required by Sections 11 and 12 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 Lenders. The failure or refusal of any 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 Lender from its several obligation hereunder to make available to the Administrative Agent the amount of such other Lender's Commitment Percentage of any requested Revolving Credit Loans.
Appears in 1 contract
Sources: Revolving Credit Agreement (Us Xpress Enterprises Inc)
Funding Procedures. Not later than 3:00 p.m. 11:00 a.m. (New York Boston time) on the proposed Drawdown Date of any Revolving Credit Loans, each of the Lenders Banks will make available to the Administrative Agent, at the Administrative Agent's Head Office, in immediately available funds, the amount of such LenderBank's Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Lender Bank of such amount, and upon receipt of the documents required by Sections 11 Section Section 12 and 12 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 LendersBanks. The failure or refusal of any 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 Lender Bank from its several obligation hereunder to make available to the Administrative Agent the amount of such other LenderBank's Commitment Percentage of any requested Revolving Credit Loans.
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (Bangor Hydro Electric Co)
Funding Procedures. Not later than 3:00 p.m. 11:00 a.m. (New York Boston time) on the proposed Drawdown Date of any Revolving Credit Domestic Revolver Loans, each of the Lenders will make available to the Administrative Agent, at the Administrative Agent's Head Office, in immediately available funds, the amount of such Lender's Commitment Percentage of the amount of the requested Revolving Credit Domestic Revolver Loans. Upon receipt from each Lender of such amount, and upon receipt of the documents required by Sections 11 13 and 12 14, and the satisfaction of the other conditions set forth therein, to the extent applicable, the Administrative Agent will make available to the Borrower applicable Borrower(s) the aggregate amount of such Revolving Credit Domestic Revolver Loans made available to the Administrative Agent by the Lenders. The failure or refusal of any 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 Domestic Revolver Loans shall not relieve any other Lender from its several obligation hereunder to make available to the Administrative Agent the amount of such other Lender's Commitment Percentage of any requested Revolving Credit Domestic Revolver Loans.
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (Russell-Stanley Holdings Inc)
Funding Procedures. Not later than 3:00 1:00 p.m. (New York Chicago time) on the proposed Drawdown Date of any Revolving Credit Loans, each of the 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 ’s Revolving Credit Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Lender of such amount, and upon receipt of the documents required by Sections 11 §§12 and 12 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 Lenders. The failure or refusal of any 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 Lender from its several obligation hereunder to make available to the Administrative Agent the amount of such other Lender's ’s Revolving Credit Commitment Percentage of any requested Revolving Credit Loans.
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Funding Procedures. Not later than 3:00 1:00 p.m. (New York Boston time) on ------------------ the proposed Drawdown Date of any Revolving Credit Loans, each of the Lenders Banks will make available to the Administrative Agent, at the Administrative Agent's Head Office, in immediately available funds, the amount of such LenderBank's Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Lender Bank of such amount, and upon receipt of the documents required by Sections 11 (S)(S)11 and 12 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 LendersBanks. The failure or refusal of any 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 Lender Bank from its several obligation hereunder to make available to the Administrative Agent the amount of such other LenderBank's Commitment Percentage of any requested Revolving Credit Loans.
Appears in 1 contract
Funding Procedures. Not later than 3:00 1:00 p.m. (New York Boston time) on the proposed Drawdown Date of any Revolving Credit Loans, each of the Lenders will make available to the Administrative Agent, at the Administrative Agent's Agents Office, in immediately available funds, the amount of such Lender's Lenders Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each such Lender of such amount, and upon receipt of the documents required by Sections 10 and 11 and 12 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 such Lenders. The failure or refusal of any such 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 Lender from of its several obligation hereunder to make available to the Administrative Agent the amount of such other Lender's Lenders Commitment Percentage of any requested Revolving Credit Loans.
Appears in 1 contract
Funding Procedures. Not later than 3:00 2:00 p.m. (New York time) on the proposed Drawdown Funding Date of any Revolving Credit Loans, and provided that each of the Lenders have been given notice of the Credit Loan Request, each of the 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 ’s Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Lender of such amount, and upon receipt of the documents required by Sections Section 11 and 12 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 Lenders. The failure or refusal of any Lender to make available to the Administrative Agent at the aforesaid time and place on any Drawdown Funding Date the amount of its Commitment Percentage of the requested Revolving Credit Loans shall not relieve any other Lender from its several obligation hereunder to make available to the Administrative Agent the amount of such other Lender's ’s Commitment Percentage of any requested Revolving Credit Loans.
Appears in 1 contract
Sources: Credit Agreement (Seacastle Inc.)
Funding Procedures. Not later than 3:00 p.m. 11:00 a.m. (New York Boston time) on the proposed Drawdown Date of any Revolving Credit Loans, each of the Lenders will make available to the Administrative Agent, at the Administrative Agent's Office, in immediately available funds, the amount of such Lender's Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Lender of such amount, and upon receipt of the documents required by Sections 11 (S)(S)11 and 12 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 Lenders. The failure or refusal of any 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 Lender from its several obligation hereunder to make available to the Administrative Agent the amount of such other Lender's Commitment Percentage of any requested Revolving Credit Loans.
Appears in 1 contract
Funding Procedures. Not later than 3:00 p.m. 11:00 a.m. (New York Boston time) on the proposed Drawdown Date of any Revolving Credit Loans, each of the Lenders Banks will make available to the Administrative Agent, at the Administrative Agent's Head Office, in immediately available funds, the amount of such LenderBank's Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Lender Bank of such amount, and upon receipt of the documents required by Sections 10 and 11 and 12 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 LendersBanks. The failure or refusal of any 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 Lender Bank from its several obligation hereunder to make available to the Administrative Agent the amount of such other LenderBank's Commitment Percentage of any requested Revolving Credit Loans.
Appears in 1 contract
Funding Procedures. Not later than 3:00 1:00 p.m. (New York Boston time) on ------- ---------- the proposed Drawdown Date of any Revolving Credit Loans, each of the Lenders Banks will make available to the Administrative Agent, at the Administrative Agent's Office, in immediately available funds, the amount of such LenderBank's Revolver Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Lender Bank of such amount, and upon receipt of the documents required by Sections 11 (S)(S)11 and 12 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 LendersBanks. The failure or refusal of any Lender Bank to make available to the Administrative Agent at the aforesaid time and place on any Drawdown Date the amount of its Revolver Commitment Percentage of the requested Revolving Credit Loans shall not relieve any other Lender Bank from its several obligation hereunder to make available to the Administrative Agent the amount of such other LenderBank's Revolver Commitment Percentage of any requested Revolving Credit Loans.
Appears in 1 contract
Funding Procedures. Not later than 3:00 p.m. 12:00 noon (New York time) on the proposed Drawdown Date of any Revolving Credit Loans, each of the Lenders Banks will make available to the Administrative Agent, at the Administrative Agent's Head Office, in immediately available funds, the amount of such LenderBank's Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Lender Bank of such amount, and upon receipt of the documents required by Sections 11 ss.ss.12 and 12 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 LendersBanks. The failure or refusal of any 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 Lender Bank from its several obligation hereunder to make available to the Administrative Agent the amount of such other LenderBank's Commitment Percentage of any requested Revolving Credit Loans.
Appears in 1 contract