Common use of Making Loans Clause in Contracts

Making Loans. The applicable Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.5.1 [Loan Requests], notify the applicable Lenders of its receipt of such Loan Request specifying the information provided by the Borrower and the apportionment among such Lenders of the requested Loans as determined by the applicable Administrative Agent in accordance with Section 2.2 [Lenders’ Obligations Several]. Each Lender shall remit the principal amount of each Loan of the applicable Class to the applicable Administrative Agent such that the applicable Administrative Agent is able to, and the applicable Administrative Agent shall, to the extent the applicable Lenders have made funds available to it for such purpose and subject to Section 7.2 [Each Additional Loan or Letter of Credit], fund such Loans to the Borrower in U.S. Dollars and immediately available funds at the Principal Office prior to 2:00 p.m. on the applicable Borrowing Date; provided that if any Lender fails to remit such funds to the applicable Administrative Agent in a timely manner, the applicable Administrative Agent may elect in its sole discretion to fund with its own funds the Loans of such Lender on such Borrowing Date, and such Lender shall be subject to the repayment obligation in Section 2.6.2 [Presumptions by the Administrative Agent]. Each Lender may, at its option, make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect in any manner the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement.

Making Loans. The applicable Administrative Agent shall, promptly after receipt by it of a Loan Request for or with respect to Loans pursuant to Section 2.5.1 2.4 [Loan Requests], notify the applicable Lenders with Commitments of its receipt of such Loan Request specifying specifying: (i) the information provided by proposed Borrowing Date and the Borrower time and method of disbursement of the Loans requested thereby; (ii) the amount and type of each such Loan and the applicable Interest Period (if any); and (iii) the apportionment among such the Lenders of the requested such Loans as determined by the applicable Administrative Agent in accordance with Section 2.2 [Nature of Lenders’ ' Obligations Severaletc.]. Each Lender shall remit the principal amount of each Loan of the applicable Class to the applicable Administrative Agent such that the applicable Administrative Agent is able to, and the applicable Administrative Agent shall, to the extent the applicable Lenders have made funds available to it for such purpose and subject to Section 7.2 [Conditions to Each Additional Loan or Letter of CreditLoan], fund such Loans to the Borrower in U.S. Dollars and immediately available funds at the Principal Office prior to 2:00 p.m. on the applicable Borrowing Date; , provided that if any Lender fails to remit such funds to the applicable Administrative Agent in a timely manner, the applicable Administrative Agent may elect in its sole discretion to fund with its own funds the Loans of such Lender on such Borrowing Date, and such Lender shall be subject to the repayment obligation in Section 2.6.2 2.6.3 [Presumptions by the Administrative Agent]. Each Lender may, at its option, make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect in any manner the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement.