Loan Administration Sample Clauses

Loan Administration. Subject to the provisions of Section 15.10 hereof, to, on behalf of and for the ratable benefit of all Syndication Parties, exercise all rights, powers, privileges, and discretion to which the Administrative Agent is entitled and elects in its sole discretion to administer the Loans, including, without limitation: (a) monitor all borrowing activity, Individual Commitment balances, and maturity dates of all LIBO Rate Loans; (b) monitor and report Credit Agreement and covenant compliance, and coordinate required credit actions by the Syndication Parties (including Voting Participants where applicable); (c) manage the process for future waivers and amendments if modifications to the Credit Agreement are required; and (d) administer, record, and process all assignments to be made for the current and future Syndication Parties (including the preparation of a revised Schedule 1 to replace the previous Schedule 1).

Loan Administration. Borrowings under the Loans shall be as follows: -------------------- (i) A request for a Revolving Credit Loan shall be made, or shall be deemed to be made, in the following manner: (A) Company may give Agent notice of its intention to borrow, in which notice Company shall specify the amount of the proposed borrowing, whether such Revolving Credit Loan shall be a Revolving Base Rate Loan or a Revolving LIBOR Rate Loan, whether funds shall be disbursed by wire transfer or by issuance of a Letter of Credit and the proposed borrowing date, not later than 2:00 p.m. Eastern time one (1) Business Day before the proposed borrowing date or in the case of a Letter of Credit, ten (10) Business Days before the proposed borrowing date, identifying the beneficiary, describing the nature of the transactions proposed and providing the form of the Letter of Credit being requested; provided, however, that no such -------- ------- request may be made if, at such time, a Default has occurred and is continuing, or an Event of Default has occurred. (B) If any amount shall be required to be paid by Borrowers under this Agreement, whether as interest or for any other Obligation, then the occurrence of the due date with respect to such amount shall be deemed irrevocably to be a request for a Revolving Credit Loan on the day following the due date in the amount required to pay such interest or other Obligation if such was not paid by Borrowers on the due date. (ii) A request for a Term Loan shall be made in the following manner: Company may give Agent notice of its intention to borrow, in which notice Company shall specify (A) the amount of the proposed borrowing, (B) whether the proposed borrowing will be a Permitted Transaction Borrowing (and, if so, what type of borrowing), a Consent Borrowing or an Unrestricted Borrowing, (C) if the proposed borrowing is a Permitted Transaction Borrowing, whether funds shall be disbursed by wire transfer or by issuance of a Letter of Credit, (D) the proposed borrowing date, not later than 2:00 p.m. Eastern time (x) two (2) Business Days before the proposed borrowing date for Unrestricted Borrowings, (y) fifteen (15) Business Days before the proposed borrowing date for Permitted Transaction Borrowings (except that Permitted Transaction Borrowings in the amount requested by Company prior to the Closing Date shall be advanced on the Closing Date) or in the case of a Letter of Credit, ten (10) Business Days before the proposed borrowing date, and ...

Loan Administration. Borrowings under the Loan shall be as follows: (a) A request for a Revolving Credit Loan shall be made, or shall be deemed to be made, in the following manner: (i) Borrower may give Lender notice of its intention to borrow, in which notice Borrower shall specify the amount of the proposed borrowing and the proposed borrowing date, not later than 2:00 p.m. Eastern time two (2) Business Day prior to the proposed borrowing date; provided, however, that no such request may be made at a time when there exists an Event of Default; and (ii) the becoming due of any amount required to be paid under this Agreement, whether as interest or for any other Obligation, shall be deemed irrevocably to be a request for a Revolving Credit Loan on the due date in the amount required to pay such interest or other Obligation. (b) Borrower hereby irrevocably authorizes Lender to disburse the proceeds of each Revolving Credit Loan requested, or deemed to be requested, as follows: (i) the proceeds of each Revolving Credit Loan requested under subsection 2.2(a)(i) shall be disbursed by Lender by wire transfer to such bank account as may be agreed upon by Borrower or Lender from time to time or elsewhere if pursuant to written direction from Borrower; and (ii) the proceeds of each Revolving Credit Loan requested under subsection 2.2(a)(ii) shall be disbursed by Lender by way of direct payment of the relevant interest or other Obligation. (c) All Revolving Credit Loans, advances and other extensions of credit to or for the benefit of Borrower shall constitute one general Obligation of Borrower, and shall be secured by Lender's lien upon all of the Collateral. (d) Lender shall enter all Revolving Credit Loans as debits to a loan account in the name of Borrower and shall also record in said loan account all payments made by Borrower on any Obligations and all proceeds of Collateral which are indefeasibly paid to Lender, and may record therein, in accordance with customary accounting practice, other debits and credits, including interest and all charges and expenses properly chargeable to Borrower. (e) Lender will account to Borrower monthly with a statement of Revolving Credit Loans, charges and payments made pursuant to this Agreement, and such account rendered by Lender shall be deemed final, binding and conclusive upon Borrower unless Lender is notified by Borrower in writing to the contrary within thirty (30) days of the date each accounting is mailed to Borrower. Such notice shall ...

Loan Administration. The Custodian will perform the following functions with respect to bank loans held by a Series: (a) Remit funds to the recipient borrower or seller of bank loans pursuant to Instructions; (b) Subject to timely receipt of applicable information, enter standard bank loan information into the Custodian’s loan tracking system with respect to such bank loans of which the Custodian is informed by the Series pursuant to Instructions; and (c) Prepare and deliver to the Series on a mutually agreed periodic basis a position summary statement, cash flow activity report and contract accrual report with respect to such bank loans of which the Custodian is informed by the Series pursuant to Instructions.

Loan Administration. Subject to the provisions of Section 16.10 hereof, to, on behalf of and for the ratable benefit of all Syndication Parties, in accordance with customary banking practices, exercise all rights, powers, privileges, and discretion to which the Administrative Agent is entitled to administer the Loans, including, without limitation: (a) monitor all borrowing activity, issuances of Letters of Credit, Individual Commitment balances, and maturity dates of all LIBO Rate Loans; (b) monitor and report Credit Agreement and covenant compliance, and coordinate required credit actions by the Syndication Parties (including Voting Participants where applicable); (c) manage the process for future waivers and amendments if modifications to the Credit Agreement are required; and (d) administer, record, and process all assignments to be made for the current and future Syndication Parties (including the preparation of a revised Schedule 1 to replace the previous Schedule 1).

Loan Administration. 3.1. Manner of Borrowing Revolving Credit Loans/LIBOR Option. Borrowings under the credit facility established pursuant to Section 1 hereof shall be as follows:

Loan Administration. Borrowings under the Loans shall be as follows: (a) A request for a Revolving Credit Advance shall be made, or shall be deemed to be made, in the following manner: (i) Borrower may give Lender notice of its intention to borrow, in which notice Borrower shall specify the amount of the proposed borrowing and the proposed borrowing date, not later than 2:00 p.m. Eastern time one (1) Business Day before the proposed borrowing date; provided,however, that no such request may be made at a time when there exists an Event of Default; and (ii) the becoming due of any amount required to be paid under this Agreement, whether as interest or for any other Obligation, shall be deemed irrevocably to be a request for a Revolving Credit Advance on the day following the due date in the amount required to pay such interest or other Obligation if such was not paid by Borrower on the due date. (b) Borrower hereby irrevocably authorizes Lender to disburse the proceeds of each Revolving Credit Advance or advance from the Term Loan requested, or deemed to be requested, as follows: (i) the proceeds of each Revolving Credit Advance requested under subsection 2.2(a)(i) or any Term Loan advance shall be disbursed by Lender by wire transfer to such bank account as may be agreed upon by Borrower and Lender from time to time or elsewhere if pursuant to written direction from Borrower; and (ii) the proceeds of each Revolving Credit Advance deemed to be requested under subsection 2.2(a)(ii) shall be disbursed by Lender by way of direct payment of the relevant interest or other Obligation. (c) All Loans, advances and other extensions of credit to or for the benefit of Borrower shall constitute one general Obligation of Borrower, and shall be secured by Lender’s Lien upon all of the Collateral. (d) Lender shall enter all Loans as debits to a loan account or accounts in the name of Borrower and shall also record in said loan account(s) all payments made by Borrower on any Obligations and all proceeds of Collateral which are indefeasibly paid to Lender, and may record therein, in accordance with customary accounting practice, other debits and credits, including interest and all charges and expenses properly chargeable to Borrower. Prior to the earlier to occur of an Event of Default or the Maturity Date, all collections into the Concentration Account pursuant to Section 2.3 shall be applied first to fees, costs and expenses due and owing under the Loan Documents, then to interest due and owin...

Loan Administration. Contractor will provide all services associated with the administration of a participant loan program for general purpose and residential loans from the Plans for which the County elects to offer loans. Loan administration shall be conducted in accordance with the applicable Plan document and the loan policies drafted by the Contractor and approved by the County, to include loan repayments by terminated participants via coupon processing.

Loan Administration. The Banks shall have no obligation to (i) advance or re-advance any sums or make any Loan, or (ii) issue any Standby L/C, pursuant to terms of this Agreement at any time when a Default or an Event of Default exists.