Common use of Funding Procedures Clause in Contracts

Funding Procedures. Not later than 3:00 p.m. (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 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 3 contracts

Sources: Revolving Credit Agreement (Coach Inc), Revolving Credit Agreement (Coach Inc), Revolving Credit Agreement (Coach Inc)

Funding Procedures. Not later than 3:00 p.m. (Boston 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 2:00 p.m. (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 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 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 and Term Loan Agreement (Il Fornaio America Corp), Revolving Credit and Term Loan Agreement (Buca Inc /Mn)

Funding Procedures. Not later than 3:00 p.m. (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 2:00 p.m. (Boston time) on the proposed Drawdown Date of any Revolving Credit Loans, each of the Lenders will make available to the Administrative Facility Agent, at the Administrative Facility 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 13 and the satisfaction of the other conditions set forth therein, to the extent applicable, the Administrative Facility Agent will make available to the Borrower the aggregate amount of such Revolving Credit Loans made available to the Administrative Facility Agent by the Lenders. The failure or refusal of any Lender to make available to the Administrative Facility 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 Facility Agent the amount of such other Lender's Commitment Percentage of any requested Revolving Credit Loans.

Appears in 1 contract

Sources: Revolving Credit Agreement (Sassco Fashions LTD /De/)

Funding Procedures. Not later than 3:00 p.m. 11:00 a.m. (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 Loan 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.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 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 Agreement (Fairfield Communities Inc)

Funding Procedures. Not later than 3:00 p.m. (Boston time) 12:00 noon on the proposed Drawdown Date of any Revolving Credit LoansLoan, 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 Tranche A Commitment Percentage and/or Tranche B Commitment Percentage, as the case may be, 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 applicable Commitment Percentage Percentages 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 applicable Commitment Percentage Percentages of any requested Revolving Credit Loans.

Appears in 1 contract

Sources: Revolving Credit Agreement (Yankee Candle Co Inc)

Funding Procedures. Not later than 3:00 2:00 p.m. (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 its 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.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 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: Revolving Credit and Term Loan Agreement (Perkins Family Restaurants Lp)

Funding Procedures. Not later than 3:00 p.m. 11:00 a.m. (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, 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 and 12 ss.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 requested and 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: Revolving Credit and Term Loan Agreement (Connectivity Technologies Inc)

Funding Procedures. Not later than 3:00 p.m. 11:00 a.m. (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 ss.ss.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

Sources: Revolving Credit Agreement (Peregrine Systems Inc)

Funding Procedures. Not later than 3:00 1:00 p.m. (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 Revolving Credit Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from each Lender one or more Banks of such amountamounts, and upon receipt of the documents required by Sections 11 15 and 12 16 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: Revolving Credit and Term Loan Agreement (Mercury Air Group Inc)

Funding Procedures. Not later than 3:00 p.m. 2:00 p.m.. (Boston Boston, Massachusetts 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 of such amount, and upon receipt of the documents required by Sections 11 SECTIONS 12 and 12 13 hereof 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

Sources: Revolving Credit and Term Loan Agreement (CRC Evans International Inc)