Common use of LENDER ADVANCES Clause in Contracts

LENDER ADVANCES. Subject to the determination by the Agent and the Lenders that the conditions for borrowing contained in SECTION 5.2 are satisfied, upon receipt of a Notice of Borrowing from the Funds Administrator received by the Agent before 12:00 noon Chicago time on a Business Day, Lender Advances of Revolving Loans shall be made to the extent of each Lender's Proportionate Share of the requested Borrowing.

Appears in 3 contracts

Samples: Credit Agreement (Metal Management Inc), Credit Agreement (Metal Management Inc), Credit Agreement (Metal Management Inc)

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LENDER ADVANCES. Subject to the determination by the Agent and the Lenders that the conditions for borrowing contained in SECTION Section 5.2 are satisfied, upon receipt of a Notice of Borrowing from the Funds Administrator received by the Agent before 12:00 noon Chicago time on a Business Day, Lender Advances of Revolving Loans shall be made to the extent of each Lender's Proportionate Share of the requested Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Metal Management Inc), Credit Agreement (Metal Management Inc)

LENDER ADVANCES. Subject to the determination by the Agent and the Lenders that the conditions for borrowing contained in SECTION 5.2 are satisfied, upon receipt of a Notice of Borrowing from the Hawk Funds Administrator received by the Agent before 12:00 noon Chicago time on a Business Day, Lender Advances of Revolving Loans shall be made to the extent of each Lender's Proportionate Share of the requested Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Hutchinson Products Corp)

LENDER ADVANCES. Subject to the determination by the Agent and the Revolving Lenders that the conditions for borrowing contained in SECTION 5.2 are satisfied, upon receipt of a Notice of Borrowing from the Funds Administrator received by the Agent before 12:00 noon Chicago time on a Business Day, Lender Advances of Revolving Loans shall be made to the extent of each Revolving Lender's Proportionate Share of the requested Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Metal Management Inc)

LENDER ADVANCES. Subject to the determination by the Agent and the Lenders that the conditions for borrowing contained in SECTION 5.2 are satisfied, upon receipt of a Notice of Borrowing from the Funds Isaax Xxxds Administrator received by the Agent before 12:00 noon Chicago time on a Business Day, Lender Advances of Revolving Loans shall be made to the extent of each Lender's Proportionate Share of the requested Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Metal Management Inc)

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LENDER ADVANCES. Subject to the determination by the Agent and the Lenders that the conditions for borrowing contained in SECTION Section 5.2 are satisfied, upon receipt of a Notice of Borrowing from the Funds Administrator Borrower Representative received by the Agent before 12:00 noon Chicago time on a Business Day, Lender Advances of Revolving Loans shall may be made to the extent of each Lender's Proportionate Share of the requested Borrowing. Each Notice of Borrowing shall specify whether the requested Borrowing is of Prime Rate Loans or LIBOR Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Imagyn Medical Technologies Inc)

LENDER ADVANCES. Subject to the determination by the Agent and the Revolving Lenders that the conditions for borrowing contained in this SECTION 2.1 and in SECTION 5.2 are satisfied, upon receipt of a Notice of Borrowing from the Funds Administrator Borrower received by the Agent before 12:00 noon Chicago time on a Business Day, Lender Advances of Revolving Loans shall be made to the extent of each Revolving Lender's Proportionate Pro Rata Share of the requested BorrowingRevolving Loan.

Appears in 1 contract

Samples: Credit Agreement (Mikohn Gaming Corp)

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