Common use of Making Revolving Credit Loans Clause in Contracts

Making Revolving Credit Loans. The Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.5 [Revolving Credit Loan Requests], notify the Lenders of its receipt of such Loan Request specifying: (i) the proposed Borrowing Date and the time and method of disbursement of the Revolving Credit Loans requested thereby; (ii) the amount and type of each such Revolving Credit Loan and the applicable Interest Period (if any); and (iii) the apportionment among the Lenders of such Revolving Credit Loans as determined by the Agent in accordance with Section 2.2 [Nature of Lenders’ Obligations]. Each Lender shall remit the principal amount of each Revolving Credit Loan to the Agent such that the Agent is able to, and the Agent shall, to the extent the Lenders have made funds available to it for such purpose and subject to Section 7.2 [Each Additional Loan], fund such Revolving Credit Loans to the Borrower in U.S. Dollars and immediately available funds at the Principal Office prior to 2:00 p.m., Pittsburgh time, on the applicable Borrowing Date, provided that if any Lender fails to remit such funds to the Agent in a timely manner, the Agent may elect in its sole discretion to fund with its own funds the Revolving Credit Loans of such Lender on such Borrowing Date, and such Lender shall be subject to the repayment obligation in Section 10.16 [Availability of Funds].

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.5 [Revolving Credit Loan Requests]2.4, notify the Lenders Banks of its receipt of such Loan Request specifying: (i) the proposed Borrowing Date and the time and method of disbursement of the such Revolving Credit Loans requested therebyLoans; (ii) the amount and type of each currencies in which such Revolving Credit Loan Loans are to be made, the amount(s) and type(s) of each and the applicable Interest Period Period(s) (if any); and (iii) the apportionment among the Lenders Banks of such the Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature of Lenders’ Obligations]2.2. Each Lender Bank shall remit the principal amount of each Revolving Credit Loan to the Administrative Agent in the appropriate currencies such that the Agent is able to, and the Administrative Agent shall, to the extent the Lenders Banks have made funds available to it for such purpose and subject to Section 7.2 [Each Additional Loan]purposes, fund such Revolving Credit Loans to the Borrower Borrowers in U.S. Dollars and/or Optional Currencies, as applicable, and in immediately available funds at the Principal Office prior to 2:00 p.m., Pittsburgh time, on the applicable Borrowing Date, provided that if any Lender Bank fails to remit such funds to the Administrative Agent in a timely manner, the Administrative Agent may elect in its sole discretion to fund with its own funds the Revolving Credit Loans of such Lender Bank on such the Borrowing Date, Date and such Lender Bank shall be subject to the repayment obligation in Section 10.16 [Availability of Funds]9.16.

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Revolving Credit Loan Request pursuant to Section 2.5 [Revolving Credit Loan Requests]2.02(a), notify the Lenders of its receipt of such Revolving Credit Loan Request specifying: (i) the proposed Borrowing Date and the time and method of disbursement of the such Revolving Credit Loans requested therebyLoans; (ii) the aggregate amount and type of each such Revolving Credit Loan Loans and the applicable Interest Period (if any); and (iii) the apportionment among the Lenders of such the Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature of Lenders’ Obligations]each Lender's Ratable Share. Each Lender shall remit the principal amount of each Revolving Credit Loan to be made by it to the Administrative Agent such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Lenders have made funds available to it for such purpose and subject to Section 7.2 [Each Additional Loan]purpose, fund such Revolving Credit Loans to the Borrower in U.S. Dollars and immediately available funds at the Principal Office prior to 2:00 p.m., Pittsburgh time, P.M. Eastern time on the applicable Borrowing Date, provided provided, that if any Lender fails to remit such funds to the Administrative Agent in a timely manner, manner the Administrative Agent may elect in its sole discretion to fund with its own funds the Revolving Credit Loans Loan of such Lender on such the Borrowing Date, Date and such Lender shall be subject to the repayment obligation in Section 10.16 [Availability of Funds]10.11.