Interlender Procedure for Making Advances Sample Clauses

Interlender Procedure for Making Advances. By no later than 11:00 a.m. (local time in the place of payment) on the requested Borrowing Date, each Lender shall make available to the Administrative Agent its Rateable Share of the requested Advance in same-day funds in the appropriate currency by wire-transferring such amount in the Administrative Agent’s Account.
Sample 1
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Interlender Procedure for Making Advances. 13.20.1 Subject to the terms and conditions of this Agreement, each Credit Facility shall be available to the Relevant Borrower as follows: upon receipt by the Agent of a Borrowing Request, the Agent will promptly notify each Lender of the Agent's receipt of such notice and of such Lender's Rateable Share of such Borrowing. In the case of an issue of Bankers' Acceptances, the Agent will round allocations amongst the Lenders to ensure that each Bankers' Acceptance issued has a face amount which is a whole number multiple of Cdn.$100,000 (and such rounded allocations shall constitute the Lenders' respective Rateable Shares for the purposes of this Agreement). Subject to Section 13.20.7, each Lender will make its Rateable Share of each Borrowing or its Acceptance Proceeds available to the Agent by paying, no later than 11:00 a.m. (Toronto time) on the Borrowing Date requested by the Borrower, its Rateable Share of such Advance or such Acceptance Proceeds to the Agent's Accounts. Subject to Section 5.6, the Agent will make such funds available, upon receipt, to the Relevant Borrower on the Borrowing Date by bank transfer to the Relevant Borrower's Accounts.
Sample 1
Interlender Procedure for Making Advances. 22.2.1 With respect to any Direct Advance, by no later than 2:00 p.m. (local time in the place of payment) on the requested Borrowing Date, each Lender shall make available to the Administrative Agent its Rateable Share of the requested Advance in same-day funds in the appropriate currency by wire-transferring such amount in the Administrative Agent's Account. 22.2.2 With respect to Advances requested by way of BAs, by no later than 2:00 p.m. (local time in the place of payment) on the relevant Borrowing Date, subject to the relevant provisions of Article 12, each Lender shall make available to the Administrative Agent the BA Proceeds referred to in Section 5.6 in same-day funds in Canadian Dollars by wire-transferring such amount in the Administrative Agent's Account. 22.2.2 22.2.3 With respect to Advances requested by way of LCs, the LC Issuing Lender shall deliver the requested LCs as contemplated in Section 7.2. 22.3 Deposits By or on Behalf of Lenders to Constitute Advances With respect to the Account, all deposits and credits made into said Account under the terms hereof by the Administrative Agent, on behalf of the Lenders, and required to be so deposited or 104822.00280/115572577.6305585250.30
Sample 1
Interlender Procedure for Making Advances. 15.20.1 Lenders to provide their Rateable Shares to Agent. Subject to the terms and conditions of this Agreement, the Revolving Facility shall be available to the Borrower as follows: upon receipt by the Agent of a Borrowing Request, the Agent will promptly notify each Lender of the receipt of such Borrowing Request and of such Lender's Rateable Share of such Borrowing. In the case of an issue of Acceptances, the Agent will round allocations amongst the Lenders to ensure that each Acceptance issued has a face amount which is a whole number multiple of CAD100,000 (and such rounded allocations shall constitute the Lenders' respective Rateable Shares for the purposes of this Agreement). Subject to Sections 6.3, 8.9 and 14.2 and Subsection 15.20.7, each Lender will make its Rateable Share of each Borrowing or its Net Acceptance Proceeds available to the Agent by paying, no later than 11:00 a.m. (local time in the place of payment) on the Borrowing Date requested by the Borrower, its Rateable Share of such Advance or such Net Acceptance Proceeds to the Agent's Accounts. Subject to Sections 8.9 and 14.2 , the Agent will make such funds available, upon receipt, to the Borrower on the Borrowing Date by bank transfer to the Borrower's Accounts.
Sample 1
Interlender Procedure for Making Advances. 21.2.1 With respect to any Direct Advance, by no later than 11:00 a.m. (local time in the place of payment) on the requested Borrowing Date, each Lender shall make available to the Administrative Agent its Rateable Share (pertaining to the relevant Facility) of the requested Advance in same-day funds in the appropriate currency by wire-transferring such amount in the Administrative Agent’s Account. To the extent that a Lender is unable to make a Direct Advance in a currency other than in Canadian Dollars or US Dollars, such Lender may cause one of its Affiliates to make available to the Administrative Agent such Rateable Share of such Lender of the requested Advance by wire-transferring the appropriate amount in the appropriate currency in same-day CREDIT AGREEMENT – PAGE 97 funds to the Administrative Agent’s Account provided that such Lender shall at all times be considered to be the Lender for all purposes of the Operative Documents.
Sample 1
Interlender Procedure for Making Advances. (a) Upon receipt by the Administration Agent of a Borrowing Request, the Administration Agent will promptly notify each Lender of the Administration Agent’s receipt of such Borrowing Request and of such Lender’s Rateable Share of such Borrowing. In the case of an issue of Acceptances, the Administration Agent will round allocations amongst the Lenders to ensure that each Acceptance issued has a face amount which is a whole number multiple of Cdn.$100,000 (and such rounded allocations shall constitute the Lenders’ respective Rateable Shares for the purposes of this Agreement). Subject to Section 4.6, Section 5.4, Section - 93 - 8.7, Article 9, Section 12.2 and Section 13.20(g), each Lender will make its Rateable Share of each such Borrowing or the Net Acceptance Proceeds available to the Administration Agent by paying, no later than 11:00 a.m. (Toronto time) on the Borrowing Date requested by the Borrower, its Rateable Share of such Borrowing or such Net Acceptance Proceeds in freely transferable funds for value on the Borrowing Date to the Administration Agent’s Accounts. Subject to Section 8.7, Article 9 and Section 12.2, the Administration Agent will make such funds available, upon receipt, to the Borrower on the Borrowing Date by bank transfer to the Borrower’s Accounts.
Sample 1
Interlender Procedure for Making Advances 
Sample 1
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Related to Interlender Procedure for Making Advances

  • Procedure for Revolving Loan Borrowing The Borrower may borrow under the Revolving Commitments during the Revolving Commitment Period on any Business Day; provided that the Borrower shall give the Administrative Agent irrevocable written notice (which notice must be received by the Administrative Agent (i) in the case of Eurocurrency Loans, prior to 12:00 Noon, New York City time, three Business Days prior to the requested Borrowing Date or (ii) in the case of ABR Loans, prior to 12:00 Noon, New York City time, one Business Day prior to the proposed Borrowing Date), specifying (x) the amount and Type of Revolving Loans to be borrowed, (y) the requested Borrowing Date and (z) in the case of Eurocurrency Loans, the respective amounts of each such Type of Loan and the respective lengths of the initial Interest Period therefor. The aggregate principal amount of all Revolving Loans made on the Closing Date shall not exceed $25,000,000 (which amount, for the avoidance of doubt, shall not include the face amount of any outstanding Letters of Credit). Each borrowing by the Borrower under the Revolving Commitments shall be in an amount equal to (x) in the case of ABR Loans, $1,000,000 or a whole multiple of $100,000 in excess thereof (or, if the then aggregate Available Revolving Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurocurrency Loans, $1,000,000 or a whole multiple of $500,000 in excess thereof; provided that the Swingline Lender may request, on behalf of the Borrower, borrowings under the Revolving Commitments that are ABR Loans in other amounts pursuant to Section 2.7(a). Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Lender thereof. Each Revolving Lender will make the amount of its pro rata share of each borrowing available to the Administrative Agent for the account of the Borrower at the Funding Office prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower in funds immediately available to the Administrative Agent. Such borrowing will then be made available to the Borrower by the Administrative Agent crediting the account designated in writing by the Borrower to the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by such Revolving Lenders and in like funds as received by the Administrative Agent. If no election as to the Type of a Revolving Loan is specified, then the requested Loan shall be an ABR Loan. If no Interest Period is specified with respect to any requested Eurocurrency Loan, the Borrower shall be deemed to have selected an Interest Period of one month’s duration.

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