Making Revolving Credit Loans. The Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.4.1 [Revolving Credit Loan Requests], notify the Banks 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 Banks of such Revolving Credit Loans as determined by the Agent in accordance with Section 2.2 [Nature of Banks’ Obligations with Respect to Revolving Credit Loans]. Each Bank 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 Banks have made funds available to it for such purpose and subject to Section 6.2 [Each Additional Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrower requesting such Revolving Credit Loans 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 Bank 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 Bank on such Borrowing Date, and such Bank shall be subject to the repayment obligation in Section 9.16 [Availability of Funds].
Appears in 4 contracts
Samples: Credit Agreement (Vulcan Asphalt Refining Corp), Credit Agreement (Super Test Petroleum Inc), Credit Agreement (Independent Gasoline & Oil Co of Rochester)
Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.4.1 2.5.1 [Revolving Credit Loan Requests], notify the Banks 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 Banks Lenders of such Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature of BanksLenders’ Obligations with Respect to Revolving Credit LoansObligations]. Each Bank Lender shall remit the principal amount of each Revolving Credit Loan to the Administrative Agent such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Banks Lenders have made funds available to it for such purpose and subject to Section 6.2 7.2 [Each Additional Loan or Letter of CreditLoan], fund such Revolving Credit Loans to the Borrower requesting such Revolving Credit Loans 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 Bank Lender 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 Bank Lender on such Borrowing Date, and such Bank Lender shall be subject to the repayment obligation in Section 9.16 10.16 [Availability of Funds].
Appears in 3 contracts
Samples: Credit Agreement (Koppers Holdings Inc.), Credit Agreement (Koppers Holdings Inc.), Credit Agreement (Koppers Inc)
Making Revolving Credit Loans. The Agent shall, promptly Promptly after receipt by it the Agent of a Loan Request for or with respect to Revolving Credit Loans pursuant to Section 2.4.1 2.4 [Revolving Credit Loan Requests], the Agent shall notify the Banks Lenders with Revolving Credit Commitments of its receipt of such Loan Request specifying: (ia) the proposed Borrowing Date and the time and method of disbursement of the Revolving Credit Loans requested thereby; (iib) the amount and type of each such Revolving Credit Loan and the applicable Interest Period (if any); and (iiic) the apportionment among the Banks Lenders of such Revolving Credit Loans as determined by the Agent in accordance with Section 2.2 [Nature of Banks’ Obligations with Respect to Revolving Credit LoansLenders' Obligations]. Each Bank 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 Banks Lenders have made funds available to it for such purpose and subject to Section 6.2 7.2 [Each Additional Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrower requesting such Revolving Credit Loans 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 Bank 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 Bank Lender on such Borrowing Date, and such Bank Lender shall be subject to the repayment obligation in Section 9.16 10.16 [Availability of Funds].
Appears in 2 contracts
Samples: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)
Making Revolving Credit Loans. The Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.4.1 [Revolving Credit Loan Requests]2.4, notify the Banks 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 Banks Lenders of such Revolving Credit Loans as determined by the Agent in accordance with Section 2.2 [Nature of Banks’ Obligations with Respect to Revolving Credit Loans]2.2. Each Bank 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 Banks Lenders have made funds available to it for such purpose and subject to Section 6.2 [Each Additional Loan or Letter of Credit]7.2, fund such Revolving Credit Loans to the Borrower requesting such Revolving Credit Loans 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 Bank 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 Bank Lender on such Borrowing Date, and such Bank Lender shall be subject to the repayment obligation in Section 9.16 [Availability of Funds]12.16.
Appears in 2 contracts
Samples: Credit Agreement (Calgon Carbon Corporation), Credit Agreement (Calgon Carbon Corporation)
Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Revolving Credit Loan Request pursuant to Section 2.4.1 [Revolving Credit Loan Requests], notify the Banks of its receipt of such Revolving Credit 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 amount, type and type of currency of each such Revolving Credit Loan and the applicable Interest Period (if any); and (iii) the apportionment among the Banks of such Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature of Banks’ Obligations with Respect to Revolving Credit Loans' Obligations]. Each Bank shall remit the principal amount of each Revolving Credit Loan to the Administrative Agent such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Banks have made funds available to it for such purpose and subject to Section 6.2 [Each Additional Loan or Letter of CreditLoan], fund such Revolving Credit Loans to the Borrower requesting such Revolving Credit Loans in U.S. Dollars the applicable currency and immediately available funds at the Principal Office prior to 2:00 4:00 p.m., Pittsburgh Pittsburgh, Pennsylvania time, on the applicable Borrowing Date, provided that if any 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 Bank on such Borrowing Date, and such Bank shall be subject to the repayment obligation in Section 9.16 [Availability of Funds].
Appears in 2 contracts
Samples: Revolving Credit Facility (Papa Johns International Inc), Credit Agreement (Papa Johns International Inc)
Making Revolving Credit Loans. The Agent shall, promptly Promptly after receipt by it the Administrative Agent of a Loan Request pursuant to Section 2.4.1 [Revolving Credit Loan Requests]2.4, the Administrative Agent shall notify the Banks 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 Banks Lenders of such Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature of Banks’ Obligations with Respect to 2.2; and (iv) the currency in which Revolving Credit Loans]Loan is requested. Each Bank Lender shall remit the principal amount of each Revolving Credit Loan in the requested currency to the Administrative Agent such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Banks Lenders have made funds available to it for such purpose and subject to Section 6.2 [Each Additional Loan or Letter of Credit]6.2, fund such Revolving Credit Loans to the Borrower requesting such Revolving Credit Loans Borrowers 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 Bank Lender fails to remit such funds to the Administrative Agent in a timely manner, the Administrative Agent may elect elect, in its sole discretion discretion, to fund with its own funds the Revolving Credit Loans of such Bank Lender on such Borrowing Date, and such Bank Lender shall be subject to the repayment obligation in Section 9.16 [Availability of Funds]9.16.
Appears in 2 contracts
Samples: Revolving Credit Facility (Glatfelter P H Co), Revolving Credit Facility (Glatfelter P H Co)
Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.4.1 2.5.1 [Revolving Credit Loan Requests], notify the Banks 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 Banks of such Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature of Banks’ Obligations with Respect to Revolving Credit LoansObligations]. Each Bank shall remit the principal amount of each Revolving Credit Loan to the Administrative Agent such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Banks have made funds available to it for such purpose and subject to Section 6.2 7.2 [Each Additional Loan or Letter of CreditLoan], fund such Revolving Credit Loans to the Borrower requesting such Revolving Credit Loans 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 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 Bank on such Borrowing Date, and such Bank shall be subject to the repayment obligation in Section 9.16 10.16 [Availability of Funds].
Appears in 2 contracts
Samples: Credit Agreement (Koppers Inc), Credit Agreement (KI Holdings Inc.)
Making Revolving Credit Loans. The Agent shall, promptly Promptly after receipt by it the Administrative Agent of a Loan Request pursuant to Section 2.4.1 [Revolving Credit Loan Requests]2.4, the Administrative Agent shall notify the Banks 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 Banks Lenders of such Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature of Banks’ Obligations with Respect to 2.2; and (iv) the currency in which Revolving Credit Loans]Loan is requested. Each Bank Lender shall remit the principal amount of each Revolving Credit Loan in the requested currency to the Administrative Agent such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Banks Lenders have made funds available to it for such purpose and subject to Section 6.2 [Each Additional Loan or Letter of Credit]6.2, fund such Revolving Credit Loans to the Borrower requesting such Revolving Credit Loans Borrowers in U.S. Dollars or the requested currency (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 Bank Lender fails to remit such funds to the Administrative Agent in a timely manner, the Administrative Agent may elect elect, in its sole discretion discretion, to fund with its own funds, including funds in the requested Optional Currency, the Revolving Credit Loans of such Bank Lender on such Borrowing Date, and such Bank Lender shall be subject to the repayment obligation in Section 9.16 [Availability of Funds]2.5.2.
Appears in 1 contract
Samples: Credit Agreement (Glatfelter P H Co)
Making Revolving Credit Loans. The Agent shall, promptly Promptly after receipt by it the Administrative Agent of a Loan Request pursuant to Section 2.4.1 [Revolving Credit Loan Requests]2.4, the Administrative Agent shall notify the Banks 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 Banks Lenders of such Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature of Banks’ Obligations with Respect to 2.2; and (iv) the currency in which Revolving Credit Loans]Loan is requested. Each Bank Lender shall remit the principal amount of each Revolving Credit Loan in the requested currency to the Administrative Agent such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Banks Lenders have made funds available to it for such purpose and subject to Section 6.2 [Each Additional Loan or Letter of Credit]6.2, fund such Revolving Credit Loans to the Borrower requesting such Revolving Credit Loans Borrowers 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 Bank Lender fails to remit such funds to the Administrative Agent in a timely manner, the Administrative Agent may elect elect, in its sole discretion discretion, to fund with its own funds the Revolving Credit Loans of such Bank Lender on such Borrowing Date, and such Bank Lender shall be subject to the repayment obligation in Section 9.16 [Availability of Funds]2.5.2.
Appears in 1 contract
Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.4.1 0 [Revolving Credit Loan Requests], notify the Banks 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 Banks of such Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 0 [Nature of Banks’ Obligations with Respect to Revolving Credit Loans]. ' Obligations, etc.] Each Bank shall remit the principal amount of each Revolving Credit Loan to the Administrative Agent such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Banks have made funds available to it for such purpose and subject to Section 6.2 0 [Each Additional Loan or Letter of CreditLoan, etc.], fund such Revolving Credit Loans to the Borrower requesting such Revolving Credit Loans 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 PROVIDED that if any 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 Bank on such Borrowing Date, and such Bank shall be subject to the repayment obligation in Section 9.16 0 [Availability of Funds].
Appears in 1 contract
Samples: Credit Agreement (Orius Corp)
Making Revolving Credit Loans. The Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.4.1 2.5.1 [Revolving Credit Loan Requests], notify the Banks 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 Banks of such Revolving Credit Loans as determined by the Agent in accordance with Section 2.2 [Nature of Banks’ ' Obligations with Respect respect to Revolving Credit Loans]. Each Bank 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 Banks have made funds available to it for such purpose and subject to Section 6.2 [Each Additional Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrower requesting such Revolving Credit Loans in U.S. Dollars and immediately available funds at the Principal Office account specified by the Borrower prior to 2:00 p.m., Pittsburgh New York time, on the applicable Borrowing Date, provided that if any Bank 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 Bank on such Borrowing Date, and such Bank shall be subject to the repayment obligation in Section 9.16 [Availability of Funds].
Appears in 1 contract
Samples: Senior Multi Currency Revolving Credit Facility (Viasys Healthcare Inc)
Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Revolving Credit Loan Request pursuant to Section 2.4.1 [Revolving Credit Loan Requests], notify the Banks of its receipt of such Revolving Credit 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 amount, type and type of currency of each such Revolving Credit Loan and the applicable Interest Period (if any); and (iii) the apportionment among the Banks of such Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature of Banks’ Obligations with Respect to Revolving Credit LoansObligations]. Each Bank shall remit the principal amount of each Revolving Credit Loan to the Administrative Agent such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Banks have made funds available to it for such purpose and subject to Section 6.2 [Each Additional Loan or Letter of CreditLoan], fund such Revolving Credit Loans to the Borrower requesting such Revolving Credit Loans in U.S. Dollars the applicable currency and immediately available funds at the Principal Office prior to 2:00 4:00 p.m., Pittsburgh Pittsburgh, Pennsylvania time, on the applicable Borrowing Date, provided that if any 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 Bank on such Borrowing Date, and such Bank shall be subject to the repayment obligation in Section 9.16 [Availability of Funds].
Appears in 1 contract
Making Revolving Credit Loans. The Agent shall, promptly Promptly after receipt by it the Agent of a Loan Request for or with respect to Revolving Credit Loans pursuant to Section 2.4.1 2.4 [Revolving Credit Loan Requests], the Agent shall notify the Banks Lenders with Revolving Credit Commitments of its receipt of such Loan Request specifying: (ia) the proposed Borrowing Date and the time and method of disbursement of the Revolving Credit Loans requested thereby; (iib) the amount and type of each such Revolving Credit Loan and the applicable Interest Period (if any); and (iiic) the apportionment among the Banks Lenders of such Revolving Credit Loans as determined by the Agent in accordance with Section 2.2 [Nature of Banks’ Obligations with Respect to Revolving Credit LoansLenders' Obligations]. Each Bank 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 Banks Lenders have made funds available to it for such purpose and subject to Section 6.2 7.2 [Each Additional Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrower requesting such Revolving Credit Loans 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 Bank 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 Bank Lender on such Borrowing Date, and such Bank Lender shall be subject to the repayment obligation in Section 9.16 2.6.2 [Availability of FundsPresumptions by the Agent].
Appears in 1 contract
Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.4.1 [Revolving Credit Loan Requests], notify the Banks 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 Banks of such Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature of Banks’ Obligations with With Respect to Revolving Credit Loans]. Each Bank shall remit the principal amount of each Revolving Credit Loan to the Administrative Agent such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Banks have made funds available to it for such purpose and subject to Section 6.2 [Each Additional Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrower requesting such Revolving Credit Loans 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 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 Bank on such Borrowing Date, and such Bank shall be subject to the repayment obligation in Section 9.16 [Availability of Funds].
Appears in 1 contract
Samples: Credit Agreement (Arch Coal Inc)
Making Revolving Credit Loans. The Agent shall, promptly after receipt by it of a Loan Request for or with respect to Revolving Credit Loans pursuant to Section 2.4.1 2.4 [Revolving Credit Loan Requests], notify the Banks Lenders with Revolving Credit Commitments 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 Banks Lenders of such Revolving Credit Loans as determined by the Agent in accordance with Section 2.2 [Nature of BanksLenders’ Obligations with Respect to Revolving Credit Loansetc.]. Each Bank 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 Banks Lenders have made funds available to it for such purpose and subject to Section 6.2 7.2 [Conditions to Each Additional Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrower requesting such Revolving Credit Loans 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 Bank 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 Bank Lender on such Borrowing Date, and such Bank Lender shall be subject to the repayment obligation in Section 9.16 2.6.3 [Availability of FundsPresumptions by the Agent].
Appears in 1 contract
Making Revolving Credit Loans. The Paying Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.4.1 2.5.1 [Revolving Credit Loan Requests], notify the Banks 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 Banks of such Revolving Credit Loans each Lender’s Ratable Share as determined by the Paying Agent in accordance with Section 2.2 [Nature of BanksLenders’ Obligations with Respect to Revolving Credit LoansObligations]. Each Bank Lender shall remit the principal amount of each Revolving Credit Loan to the Paying Agent such that the Paying Agent is able to, and the Paying Agent shall, to the extent the Banks Lenders have made funds available to it for such purpose and subject to Section 6.2 7.2 [Each Additional Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrower requesting such Revolving Credit Loans 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 Bank Lender fails to remit such funds to the Paying Agent in a timely manner, the Paying Agent may elect in its sole discretion to fund with its own funds the Revolving Credit Loans of such Bank Lender on such Borrowing Date, and such Bank Lender shall be subject to the repayment obligation in Section 9.16 10.16 [Availability of Funds].
Appears in 1 contract
Making Revolving Credit Loans. The Paying Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.4.1 2.5.1 [Revolving Credit Loan Requests], notify the Banks 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 Banks of such Revolving Credit Loans each Lender's Ratable Share as determined by the Paying Agent in accordance with Section 2.2 [Nature of Banks’ Obligations with Respect to Revolving Credit LoansLenders' Obligations]. Each Bank Lender shall remit the principal amount of each Revolving Credit Loan to the Paying Agent such that the Paying Agent is able to, and the Paying Agent shall, to the extent the Banks Lenders have made funds available to it for such purpose and subject to Section 6.2 7.2 [Each Additional Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrower requesting such Revolving Credit Loans 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 Bank Lender fails to remit such funds to the Paying Agent in a timely manner, the Paying Agent may elect in its sole discretion to fund with its own funds the Revolving Credit Loans of such Bank Lender on such Borrowing Date, and such Bank Lender shall be subject to the repayment obligation in Section 9.16 10.16 [Availability of Funds].
Appears in 1 contract
Making Revolving Credit Loans. The Agent shall, promptly Promptly after receipt by it the Agent of a Loan Request for or with respect to Revolving Credit Loans pursuant to Section 2.4.1 2.4 [Revolving Credit Loan Requests], the Agent shall notify the Banks Lenders with Revolving Credit Commitments of its receipt of such Loan Request specifying: (ia) the proposed Borrowing Date and the time and method of disbursement of the Revolving Credit Loans requested thereby; (iib) the amount and type of each such Revolving Credit Loan and the applicable Interest Period (if any); and (iiic) the apportionment among the Banks Lenders of such Revolving Credit Loans as determined by the Agent in accordance with Section 2.2 [Nature of Banks’ Lenders' Obligations with With Respect to Revolving Credit Loans]. Each Bank 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 Banks Lenders have made funds available to it for such purpose and subject to Section 6.2 7.2 [Each Additional Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrower requesting such Revolving Credit Loans 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 Bank 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 Bank Lender on PRN1 883012 32 such Borrowing Date, and such Bank Lender shall be subject to the repayment obligation in Section 9.16 2.6.2 [Availability of FundsPresumptions by the Agent].
Appears in 1 contract
Making Revolving Credit Loans. The Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.4.1 2.5.1 [Revolving Credit Loan Requests], notify the Banks 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 amount, type and type of currency of each such Revolving Credit Loan and the applicable Interest Period (if any); and (iii) the apportionment among the Banks of such Revolving Credit Loans as determined by the Agent in accordance with Section 2.2 [Nature of Banks’ Obligations with Respect to Revolving Credit LoansObligations]. Each Bank 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 Banks have made funds available to it for such purpose and subject to Section 6.2 [Each Additional Loan or Letter of CreditLoan], fund such Revolving Credit Loans to the Borrower requesting such Revolving Credit Loans in U.S. Dollars or the applicable currency 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 Bank 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 Bank on such Borrowing Date, and such Bank shall be subject to the repayment obligation in Section 9.16 [Availability of Funds].
Appears in 1 contract
Samples: Credit Agreement (Respironics Inc)
Making Revolving Credit Loans. The Agent shall, promptly after receipt by it of a Loan Request for or with respect to Revolving Credit Loans pursuant to Section 2.4.1 2.4 [Revolving Credit Loan Requests], notify the Banks with Revolving Credit Commitments 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 Banks of such Revolving Credit Loans as determined by the Agent in accordance with Section 2.2 [Nature of Banks’ Obligations with Respect to Revolving Credit Loans' Obligations]. Each Bank 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 Banks have made funds available to it for such purpose and subject to Section 6.2 7.2 [Each Additional Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrower requesting such Revolving Credit Loans 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 Bank 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 Bank on such Borrowing Date, and such Bank shall be subject to the repayment obligation in Section 9.16 10.16 [Availability of Funds].
Appears in 1 contract
Samples: Revolving Credit Facility (New Jersey Resources Corp)
Making Revolving Credit Loans. The Agent shall, promptly after receipt by it of a Revolving Credit/Term Loan Request pursuant to Section 2.4.1 [Revolving Credit Loan Requests], notify the Banks Lenders of its receipt of such Revolving Credit/Term 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 Banks Lenders of such Revolving Credit Loans as determined by the Agent in accordance with Section 2.2 [Nature of BanksLenders’ Obligations with Respect to Revolving Credit LoansObligations]. Each Bank 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 Banks Lenders have made funds available to it for such purpose and subject to Section 6.2 7.3 [Each Additional Loan or Letter of CreditLoan], fund such Revolving Credit Loans to the Borrower requesting such Revolving Credit Loans 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 Bank 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 Bank Lender on such Borrowing Date, and such Bank Lender shall be subject to the repayment obligation in Section 9.16 10.16 [Availability of Funds].
Appears in 1 contract
Samples: Credit Agreement (Blair Corp)