Common use of Funds for Revolving Credit Loans Clause in Contracts

Funds for Revolving Credit Loans. Subject to the other provisions of this (S)2, not later than 11:00 a.m. (Boston time) on the proposed Drawdown Date of any Revolving Credit Loan, each of the Banks will make available to the Agent, at its Head Office, in immediately available funds, the amount of such Bank's Commitment Percentage of the amount of the requested Revolving Credit Loan. Upon receipt from each Bank of such amount, the Agent will make available to the Borrower the aggregate amount of such Revolving Credit Loan made available to the Agent by the Banks; all such funds received by the Agent by 11:00 a.m. (Boston Time) on any Business Day will be made available to the Borrower not later than 2:00 p.m. on the same Business Day. Funds received after such time will be made available by not later than 11:00 a.m. on the next Business Day. The failure or refusal of any Bank to make available to the Agent at the aforesaid time and place on any Drawdown Date the amount of its Commitment Percentage of the requested Revolving Credit Loan shall not relieve any other Bank from its several obligation hereunder to make available to the Agent the amount of its Commitment Percentage of any requested Revolving Credit Loan but in no event shall the Agent (in its capacity as Agent) have any obligation to make any funding or shall any Bank be obligated to fund more than its Commitment Percentage of the requested Revolving Credit Loan or to increase its Commitment Percentage on account of such failure or otherwise.

Funds for Revolving Credit Loans. Subject to the other provisions of this (S)2, not a) Not later than 11:00 a.m. (Boston Hartford, Connecticut time) on the proposed Drawdown Date of any Revolving Credit LoanLoans, each of the Banks will make available to the Agent, at its the Agent's Head Office, in immediately available funds, the amount of such Bank's Commitment Percentage of the amount of the requested Revolving Credit LoanLoans. Upon receipt from each Bank of such amount, and upon receipt of the documents required by (i) Sections 11 and 12A in the case of the initial Revolving Credit Loans, (ii) Sections 12 and 12A in the case of any Revolving Credit Loan which is an Acquisition Credit Loan and (ii) by Section 12A for all other Revolving Credit Loans, and in each case upon the reasonable determination by the Majority Banks that the satisfaction of the other conditions set forth therein has occurred, to the extent applicable, the Agent will make available to the Borrower the aggregate amount of such Revolving Credit Loan Loans made available to the Agent by the Banks; all such funds received by the Agent by 11:00 a.m. (Boston Time) on any Business Day will be made available to the Borrower not later than 2:00 p.m. on the same Business Day. Funds received after such time will be made available by not later than 11:00 a.m. on the next Business Day. The failure or refusal of any Bank to make available to the Agent at the aforesaid time and place on any Drawdown Date the amount of its Commitment Percentage of the requested Revolving Credit Loan Loans shall not relieve any other Bank from its several obligation hereunder to make available to the Agent Borrower, in accordance with the terms and conditions hereof, the amount of its such other Bank's Commitment Percentage of any requested Revolving Credit Loan but in no event shall the Agent (in its capacity as Agent) have any obligation to make any funding or shall any Bank be obligated to fund more than its Commitment Percentage of the requested Revolving Credit Loan or to increase its Commitment Percentage on account of such failure or otherwiseLoans.

Funds for Revolving Credit Loans. Subject to the other provisions of this (S)2§2, not later than 11:00 a.m. (Boston time) in the case of any Revolving Credit Loan denominated in Dollars, and not later than the Applicable Time specified by the Agent in the case of any Revolving Credit Loan denominated in an Alternative Currency, in each case on the proposed Drawdown Date of any Revolving Credit LoanDate, each of the Banks will make available to the Agent, at its Head OfficeAgent’s Funding Office for the applicable currency, in immediately available fundsSame Day Funds, the amount of such Bank's ’s Commitment Percentage of the amount of the requested Revolving Credit Loan. Upon receipt from each Bank of such amount, the Agent will make available to the Borrower the aggregate amount of such Revolving Credit Loan made available to the Agent by the Banks; all . All such funds received by the Agent by 11:00 a.m. (Boston Time) on any Business Day will be made available to the Borrower not later than 2:00 p.m. on the same Business Day. Funds ; funds received after such time will be made available by not later than 11:00 a.m. on the next Business DayDay (provided that as to any Bank which is required to fund Revolving Credit Loans from its head office located in the Pacific Time Zone (U.S.), the preceding reference to ‘11:00 a.m.’ shall be deemed to be a reference to ‘1:00 p.m.’). The failure or refusal of any Bank to make available to the Agent at the aforesaid time and place on any Drawdown Date the amount of its Commitment Percentage of the requested Revolving Credit Loan shall not relieve any other Bank from its several obligation hereunder to make available to the Agent the amount of its Commitment Percentage of any requested Revolving Credit Loan but in no event shall the Agent (in its capacity as Agent) have any obligation to make any funding or shall any Bank be obligated to fund more than its Commitment Percentage of the requested Revolving Credit Loan or to increase its Commitment Percentage on account of such failure or otherwise.

Funds for Revolving Credit Loans. Subject to the other provisions of this (S)2§2, not later than 11:00 a.m. (Boston time) on the proposed Drawdown Date of any Revolving Credit Loan, each of the Banks will make available to the Agent, at its Head Agent’s Funding Office, in immediately available funds, the amount of such Bank's ’s Commitment Percentage of the amount of the requested Revolving Credit Loan. Upon receipt from each Bank of such amount, the Agent will make available to the Borrower the aggregate amount of such Revolving Credit Loan made available to the Agent by the Banks; all . All such funds received by the Agent by 11:00 a.m. (Boston Time) on any Business Day will be made available to the Borrower not later than 2:00 p.m. on the same Business Day. Funds ; funds received after such time will be made available by not later than 11:00 a.m. on the next Business DayDay (provided that as to any Bank which is required to fund Revolving Credit Loans from its head office located in the Pacific Time Zone (U.S.), the preceding reference to ‘11:00 a.m.’ shall be deemed to be a reference to ‘1:00 p.m.’). The failure or refusal of any Bank to make available to the Agent at the aforesaid time and place on any Drawdown Date the amount of its Commitment Percentage of the requested Revolving Credit Loan shall not relieve any other Bank from its several obligation hereunder to make available to the Agent the amount of its Commitment Percentage of any requested Revolving Credit Loan but in no event shall the Agent (in its capacity as Agent) have any obligation to make any funding or shall any Bank be obligated to fund more than its Commitment Percentage of the requested Revolving Credit Loan or to increase its Commitment Percentage on account of such failure or otherwise.