Common use of Funding Through Revolving Loans Clause in Contracts

Funding Through Revolving Loans. At any time any Reimbursement Obligations are outstanding, Agent may or, upon the written request of Issuing Bank (if Borrower is not then the subject of a bankruptcy proceeding), shall (subject to the terms and conditions of this Subparagraph 2.02(d)), initiate a Revolving Loan Borrowing in an amount not exceeding the aggregate amount of such outstanding Reimbursement Obligations and use the proceeds of such Revolving Loan Borrowing to repay all or a portion of such Reimbursement Obligations. Agent shall initiate such a Borrowing by delivering to each Lender (with a copy to Borrower) a written notice which specifies the aggregate amount of outstanding Reimbursement Obligations, the amount of the Revolving Loan Borrowing (which initially shall consist of Base Rate Loans), the date of such Revolving Loan Borrowing and the amount of the Revolving Loan to be made by such Lender as part of such Revolving Loan Borrowing. Each Lender shall make available to Agent funds in the amount of its Revolving Loan as provided in Subparagraph 2.09(a). After receipt of such funds, Agent shall promptly disburse such funds to Issuing Bank and the Lenders, as appropriate, in payment of the outstanding Reimbursement Obligations.

Funding Through Revolving Loans. At any time any Reimbursement Obligations are outstanding, Administrative Agent may or, upon the written request of Issuing Bank (if Borrower is not then the subject of a bankruptcy proceeding), shall (subject to the terms and conditions of this Subparagraph 2.02(d)), initiate a Revolving Loan Borrowing in an amount not exceeding the aggregate amount of such outstanding Reimbursement Obligations and use the proceeds of such Revolving Loan Borrowing to repay all or a portion of such Reimbursement Obligations. Administrative Agent shall initiate such a Revolving Loan Borrowing by delivering to each Lender Bank (with a copy to Borrower) a written notice which specifies the aggregate amount of outstanding Reimbursement Obligations, the amount of the Revolving Loan Borrowing (which initially shall consist of Base Rate Loans)Borrowing, the date of such Revolving Loan Borrowing and the amount of the Revolving Loan to be made by such Lender Bank as part of such Revolving Loan Borrowing. Each Lender Bank shall make available to Administrative Agent funds in the amount of its Revolving Proportionate Share of such Loan as provided in Subparagraph 2.09(a). After receipt of such funds, Administrative Agent shall promptly disburse such funds to Issuing Bank and the LendersBanks, as appropriate, in payment of the outstanding Reimbursement Obligations.

Funding Through Revolving Loans. At any time any Reimbursement Obligations are outstanding, Agent may or, upon the written request of Issuing Bank Lender (if Borrower is not then the subject of a bankruptcy proceeding), shall (subject to the terms and conditions of this Subparagraph 2.02(d)), initiate a Revolving Loan Borrowing in an amount not exceeding the aggregate amount of such outstanding Reimbursement Obligations and use the proceeds of such Revolving Loan Borrowing to repay all or a portion of such Reimbursement Obligations. Agent shall initiate such a Revolving Loan Borrowing by delivering to each Lender (with a copy to Borrower) a written notice which specifies the aggregate amount of outstanding Reimbursement Obligations, the amount of the Revolving Loan Borrowing (which initially shall consist of Base Rate Loans)Borrowing, the date of such Revolving Loan Borrowing and the amount of the Revolving Loan to be made by such Lender as part of such Revolving Loan Borrowing. Each Lender shall make available to Agent funds in the amount of its Revolving Proportionate Share of such Loan as provided in Subparagraph 2.09(a). After receipt of such funds, Agent shall promptly disburse such funds to Issuing Bank Lender and the Lenders, as appropriate, in payment of the outstanding Reimbursement Obligations.