Common use of Lender Funding Clause in Contracts

Lender Funding. No later than 11:00 a.m., New York time, on the proposed date set forth in the Notice of Borrowing subject to the satisfaction of the conditions precedent set forth in Section 5.1, each Lender shall make available its Term Loans and/or Bridge Loans, as applicable, requested in each Notice of Borrowing in Dollars in immediately available funds by transferring such funds into the Disbursement Account; provided, that, in connection with the initial Notice of Borrowing delivered in connection with the Closing Date, each Lender shall make available its Term Loans and/or Bridge Loans, as applicable, by transferring such funds into an account designated by the Administrative Agent. The failure of any Lender to make the Term Loan and/or Bridge Loan, as applicable, to be made by it as part of any Borrowing shall not relieve any other Lender of its obligation hereunder to make its Term Loan and/or Bridge Loan, as applicable. No Lender shall have any obligation or liability in respect of the failure of any other Lender to make the Term Loan and/or Bridge Loan, as applicable, to be made by it as part of any Borrowing made under this Financing Agreement.