Late Requests Sample Clauses
Late Requests. If a Request for Borrowing is received by JPMorgan later than 3:00 PM (4:00 PM if it requests only a Wet Warehousing Advance and is Electronically Submitted) on a Business Day, JPMorgan shall either, at its election, (i) fund the Advance requested by making a Swing Line Loan either on that same day or, at JPMorgan’s election, on the next Business Day, or (ii) arrange for its funding on the next Business Day as a regular Advance. JPMorgan shall have no obligation to fund any such late-requested Advance as a Swing Line Advance if all of the requirements of Sections 3.7 and 4.3 are not satisfied, although JPMorgan may elect to do so. If JPMorgan does not elect to do so, then the Lenders shall fund such requested Advance as a regular Advance on such next succeeding Business Day after the Request for Borrowing is received by the Agent, provided that all conditions to its funding (including the requirements of Section 4.3) are then satisfied.
Late Requests. If, after a Lender or Lenders in addition to JPMorgan joins this Agreement, a Request for Borrowing is received by JPMorgan later than 4:00 PM on a Business Day, JPMorgan shall either, at its election, (i) fund the Advance requested by making a
(1) These times will change to 12:00 noon and 1:00 PM, respectively, if and when another Lender joins this Agreement. Swing Line Loan either on that same day or, at JPMorgan's election, on the next Business Day, or (ii) arrange for its funding on the next Business Day as a regular Advance. JPMorgan shall have no obligation to fund any such late-requested Advance as a Swing Line Advance if all of the requirements of SECTIONS 2.6 and 3.3 are not satisfied, although JPMorgan may elect to do so. If JPMorgan does not elect to do so, then the Lenders shall fund such requested Advance as a regular Advance on such next succeeding Business Day after the Request for Borrowing is received by the Agent, provided that all conditions to its funding (including the requirements of SECTION 3.3) are then satisfied.
Late Requests. If the ROM Estimate is based on work ------------- proceeding before the General Contractor has prepared a Cost Proposal, Tenant's decision to proceed shall indicate that it wishes to proceed with the work with out full pricing information. Tenant must deposit the full amount of the costs identified in the ROM Estimate with Landlord (the "Estimated Payment"). Landlord shall not authorize the General Contractor to proceed with construction of the Upgrades until it has received Tenant's Estimated Payment. Thereafter, Landlord shall obtain a Cost Proposal as described in subparagraph (ii) above and any variance between Tenant's Estimated Payment and the Upgrade Payment, shall be paid in accordance with Paragraph 13 below. ------------
