Common use of Making Revolving Credit Loans Clause in Contracts

Making Revolving Credit Loans. The Administrative Agent shall, no less than one (1) Business Day before the effective date of the election made pursuant to a Loan Request pursuant to Section 2.5 [Revolving Credit Loan Requests; Conversions and Renewals; Swingline Loan Requests], notify the applicable Lenders of its receipt of such Loan Request specifying the information provided by a Borrower, including the Currency in which such Revolving Credit Loan is requested, and the apportionment among the Lenders of the requested Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature of Lenders’ Obligations with Respect to Revolving Credit Loans]. Each Lender shall remit its apportioned share (as provided to it by the Administrative Agent) of the principal amount of each Revolving Credit Loan in the requested Currency (in the case of Alternative Currency Loans, in Dollars if so requested by the Administrative Agent) 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 7.3 [Each Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrowers in Same Day Funds at the Principal Office prior to 2:00 p.m. Eastern Time, on the applicable Borrowing Date; provided that if any 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 Lender on such Borrowing Date, and such Lender shall be subject to the repayment obligation in Section 2.6(b) [Presumptions by the Administrative Agent].

Appears in 1 contract

Samples: Credit Agreement (ICF International, Inc.)

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Making Revolving Credit Loans. The Administrative Agent shall, no less than one (1) Business Day before the effective date promptly after receipt by it of the election made pursuant to a Loan Request for or with respect to Revolving Credit Loans pursuant to Section 2.5 [Revolving Credit Loan Requests; Conversions and Renewals364-Day Revolving Credit Loan Requests; Swingline Swing Loan Requests], notify the applicable Lenders Banks with Revolving Credit Commitments of its receipt of such Loan Request specifying specifying: (i) the information provided by a Borrower, including proposed Borrowing Date and the Currency in which time and method of disbursement of the Revolving Credit Loans requested thereby; (ii) the amount and type of each such Revolving Credit Loan is requested, and the applicable Interest Period (if any); and (iii) the apportionment among the Lenders Banks of the requested such Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature of LendersBanksObligations with Respect to Revolving Credit LoansObligations]. Each Lender Bank shall remit its apportioned share (as provided to it by the Administrative Agent) of the principal amount of each Revolving Credit Loan in the requested Currency (in the case of Alternative Currency Loans, in Dollars if so requested by the Administrative Agent) to the Administrative Agent such that the Administrative 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 7.3 7.2 [Each Additional Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrowers Borrower in Same Day Funds U.S. Dollars and immediately available funds at the Principal Office prior to 2:00 p.m. Eastern Timep.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 Borrowing Date, and such Lender Bank shall be subject to the repayment obligation in Section 2.6(b) 10.16 [Presumptions by the Administrative AgentAvailability of Funds].

Appears in 1 contract

Samples: Credit Agreement (New Jersey Resources Corp)

Making Revolving Credit Loans. The Administrative Agent shall, no less than one (1) Business Day before the effective date promptly after receipt by it of the election made pursuant to a Loan Request pursuant to Section 2.5 [Revolving Credit Loan Requests; Conversions and Renewals; Swingline Loan Requests]2.05, notify the applicable Lenders of its receipt of such Loan Request specifying specifying: (i) the information provided by a Borrower, including proposed Borrowing Date and the Currency in which time and method of disbursement of the Revolving Credit Loans requested thereby; (ii) the amount and type of each such Revolving Credit Loan is requested, and the applicable Interest Period (if any); and (iii) the apportionment among the Lenders of the requested such Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 2.02 [Nature of Lenders’ Obligations with Respect to Revolving Credit Loans' Obligations]. Each Lender shall remit its apportioned share (as provided to it by the Administrative Agent) of the principal amount of each Revolving Credit Loan in the requested Currency (in the case of Alternative Currency Loans, in Dollars if so requested by the Administrative Agent) 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 7.3 6.2 [Each Loan or Letter of CreditAdditional Loan], fund such Revolving Credit Loans to the Borrowers Borrower in Same Day Funds U.S. Dollars and immediately available funds at the Principal Office prior to 2:00 p.m. Eastern Time, Cleveland time on the applicable Borrowing Date; , provided that if any 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 Lender on such Borrowing Date, and such Lender shall be subject to the repayment obligation in Section 2.6(b) 9.16 [Presumptions by the Administrative AgentAvailability of Funds].

Appears in 1 contract

Samples: Credit Agreement (Too Inc)

Making Revolving Credit Loans. The Administrative Paying Agent shall, no less than one (1) Business Day before the effective date promptly after receipt by it of the election made pursuant to a Loan Request pursuant to Section 2.5 [Revolving Credit Loan Requests; Conversions and Renewals; Swingline Loan Requests], notify the applicable Lenders of its receipt of such Loan Request specifying specifying: (i) the information provided by a Borrower, including proposed Borrowing Date and the Currency in which time and method of disbursement of the Revolving Credit Loans requested thereby; (ii) the amount and type of each such Revolving Credit Loan is requested, and the apportionment among the Lenders of the requested Revolving Credit Loans applicable Interest Period (if any); and (iii) each Lender’s Ratable Share as determined by the Administrative Paying Agent in accordance with Section 2.2 [Nature of Lenders’ Obligations with Respect to Revolving Credit LoansObligations]. Each Lender shall remit its apportioned share (as provided to it by the Administrative Agent) of the principal amount of each Revolving Credit Loan in the requested Currency (in the case of Alternative Currency Loans, in Dollars if so requested by the Administrative Agent) to the Administrative Paying Agent such that the Administrative Paying Agent is able to, and the Administrative Paying Agent shall, to the extent the Lenders have made funds available to it for such purpose and subject to Section 7.3 7.2 [Each Additional Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrowers Borrower in Same Day Funds U.S. Dollars and immediately available funds at the Principal Office prior to 2:00 p.m. Eastern Timep.m., Pittsburgh time, on the applicable Borrowing Date; , provided that if any Lender fails to remit such funds to the Administrative Paying Agent in a timely manner, the Administrative Paying 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 2.6(b) 10.16 [Presumptions by the Administrative AgentAvailability of Funds].

Appears in 1 contract

Samples: Credit Agreement (Consol Energy Inc)

Making Revolving Credit Loans. The Administrative Agent shall, no less than one (1) Business Day before the effective date promptly after receipt by it of the election made pursuant to a Revolving Credit Loan Request pursuant to Section 2.5 2.5.1 [Revolving Credit Loan Requests; Conversions and Renewals; Swingline Loan Requests], notify the applicable Lenders of its receipt of such Revolving Credit Loan Request specifying the information provided by a the Borrower, including the Currency currency in which such the Revolving Credit Loan is requested, and the apportionment among the Lenders of the requested Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature of Lenders' Obligations with Respect to Revolving Credit Loans]. Each Lender shall remit its apportioned share (as provided to it by the Administrative Agent) of the principal amount of each Revolving Credit Loan in Dollars or the requested Optional Currency (in the case of Alternative Currency Loans, in Dollars if so requested by the Administrative Agent) 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 7.3 6.2 [Each Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrowers Borrower in Same Day Funds U.S. Dollars or the requested Optional Currency (as applicable) and immediately available funds at the Principal Office prior to 2:00 p.m. Eastern Timep.m., on the applicable Borrowing Date; provided that if any 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, including funds in the requested Optional Currency, the Revolving Credit Loans of such Lender on such Borrowing Date, and such Lender shall be subject to the repayment obligation in Section 2.6(b) 2.7.3 [Presumptions by the Administrative Agent].

Appears in 1 contract

Samples: Credit Agreement (MSA Safety Inc)

Making Revolving Credit Loans. The Administrative Agent shall, no less than one (1) Business Day before the effective date promptly after receipt by it of the election made pursuant to a Revolving Credit Loan Request pursuant to Section 2.5 [Revolving Credit Loan Requests; Conversions and Renewals; Swingline Loan Requests]2.05(a), notify the applicable Lenders of its receipt of such Revolving Credit Loan Request specifying specifying: (i) the information provided by a Borrower, including proposed Borrowing Date and the Currency in which time and method of disbursement of such Revolving Credit Loans; (ii) the aggregate amount, type and currency of such Revolving Credit Loans and the applicable Interest Period (if any); (iii) if the Revolving Credit Loan is requestedwill be denominated in an Optional Currency, and the designated Funding Office for such Revolving Credit Loans, (iv) the apportionment among the Lenders of the requested Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature each Lender's Ratable Share and (iv) the Borrower which is to receive the proceeds of Lenders’ Obligations with Respect to the Revolving Credit Loans]. Each Lender shall remit its apportioned share (as provided to it by the Administrative Agent) of the principal amount of each Revolving Credit Loan in the requested Currency (in the case of Alternative Currency Loans, in Dollars if so requested to be made by the Administrative Agent) it to the Administrative Agent at the designated Funding Office 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 7.3 [Each Loan or Letter of Credit]purpose, fund such Revolving Credit Loans to the Borrowers designated Borrower in Same Day Funds immediately available funds at the Principal designated Funding Office prior to 2:00 p.m. Eastern Time, P.M. local time on the applicable Borrowing Date; , 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 2.6(b) [Presumptions by the Administrative Agent]11.14.

Appears in 1 contract

Samples: Credit Agreement (Borders Group Inc)

Making Revolving Credit Loans. The Administrative Agent shall, no less than one (1) Business Day before the effective date promptly after receipt by it of the election made pursuant to a Loan Request pursuant to Section 2.5 [Revolving Credit Loan Requests; Conversions and Renewals; Swingline Loan Requests]2.5, notify the applicable Lenders Banks of its receipt of such the related Loan Request specifying specifying: (i) the information provided by a Borrower, including proposed Borrower and Borrowing Date of such Revolving Credit Loans; (ii) the Currency in which amount and type of each such Revolving Credit Loan is requested, and the applicable Interest Period (if any); and (iii) the apportionment among the Lenders Banks of the requested such Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature 2.2. In addition, after the applicable interest rate is determined, the Agent will promptly notify the Banks and each of Lenders’ Obligations with Respect to the Borrowers of the interest rate. After the Syndication Date, if the Loan Request is for a CIH Revolving Credit Loans]Loan subject to the UK Euro-Rate Option for an Interest Period of less than one Month, each co-agnet shall notify the Agent of its cost of funds quote by the required time as contemplated in clause (B) of the definition of UK Euro-Rate. Each Lender Bank shall remit its apportioned share (as provided to it by the Administrative Agent) of the principal amount of each Revolving Credit Loan in the requested Currency (in the case of Alternative Currency Loans, in Dollars if so requested by the Administrative Agent) to the Administrative Agent (to such account as the Agent may nominate in writing from time to time) such that the Administrative 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 7.3 [Each Loan or Letter of Credit]purpose, fund such Revolving Credit Loans to the Borrowers requesting Borrower in Same Day Funds Dollars or (as applicable) Pounds Sterling at the Principal Applicable Lending Office prior to (as applicable) 2:00 p.m. Eastern Time, Pittsburgh time or 1:00 p.m. London time in immediately available funds on the applicable Borrowing Date; provided , PROVIDED that if any Lender the Agent assumes pursuant to Section 10.16 that a Bank will make available to the Agent such Bank's portion of a Revolving Credit Loan and such 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 Borrowing Date, and such Lender Bank shall be subject to the repayment obligation in Section 2.6(b) [Presumptions by the Administrative Agent]10.16.

Appears in 1 contract

Samples: Credit Agreement (Commercial Intertech Corp)

Making Revolving Credit Loans. The Administrative Agent shall, no less than one (1) Business Day before the effective date promptly after receipt by it of the election made pursuant to a Committed Loan Request pursuant to Section 2.5 2.05 [Revolving Credit Loan Requests; Conversions and Renewals; Swingline Loan Requests], notify the applicable Lenders Banks of its receipt of such Loan Request specifying specifying: (i) the information provided by a Borrower, including applicable Borrower making the Currency in which Loan Request; (ii) the proposed Borrowing Date and the time and method of disbursement of the Revolving Credit Loans requested thereby; (iii) the amount and type of each such Revolving Credit Loan is requested, (stated in the applicable Approved Currency) and the applicable Interest Period (if any); and (iv) the apportionment among the Lenders Banks of the requested such Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 2.02 [Nature of LendersBanksObligations with Respect to Revolving Credit LoansObligations]. Each Lender Bank shall remit its apportioned share (as provided to it by the Administrative Agent) of the principal amount of each Revolving Credit Loan in the requested Currency (in the case of Alternative Currency Loans, in Dollars if so requested by the Administrative Agent) to the Administrative Agent such that the Administrative 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 7.3 6.03 [Each Loan or Letter of CreditAdditional Loan], fund such Revolving Credit Loans to the Borrowers applicable Borrower in Same Day Funds the applicable Approved Currency and immediately available funds at the Principal Office prior to 2:00 p.m. Eastern Timep.m., New York 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 Borrowing Date, and such Lender Bank shall be subject to the repayment obligation in Section 2.6(b) 9.16 [Presumptions by the Administrative AgentAvailability of Funds].

Appears in 1 contract

Samples: Credit Agreement (Assured Guaranty LTD)

Making Revolving Credit Loans. The Administrative Agent shall, no less than one (1) Business Day before the effective date promptly after receipt by it of the election made pursuant to a Loan Request pursuant to Section 2.5 [Revolving Credit Loan Requests; Conversions and Renewals; Swingline Swing Loan Requests], notify the applicable Lenders of its receipt of such Loan Request specifying specifying: (i) the information provided by a Borrower, including proposed Borrowing Date and the Currency 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); (iii) the currency in which such Revolving Credit Loan is requested, made; and (iv) the apportionment among the Lenders of the requested such Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 2.3 [Nature of Lenders’ Obligations with Respect to Revolving Credit Loans]. Each Lender shall remit its apportioned share (as provided to it by the Administrative Agent) of the principal amount of each Revolving Credit Loan in the requested Currency (in the case of Alternative Currency Loans, in Dollars if so requested by the Administrative Agent) currency 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 7.3 6.2 [Each Additional Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrowers Borrower in Same Day Funds U.S. Dollars or the Optional Currency as the Borrower shall have requested, and immediately available funds at the Principal Office prior to 2:00 p.m. Eastern Timep.m., Pittsburgh time, on the applicable Borrowing Date; , provided that if any 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 Lender on such Borrowing Date, and such Lender shall be subject to the repayment obligation in Section 2.6(b) 9.12 [Presumptions by the Administrative AgentAvailability of Funds].

Appears in 1 contract

Samples: Credit Agreement (Covance Inc)

Making Revolving Credit Loans. The Administrative Agent shall, no less than one (1) Business Day before the effective date promptly after receipt by it of the election made pursuant to a Loan Request pursuant to Section 2.5 2.5.1 [Revolving Credit Loan Requests; Conversions and Renewals; Swingline Loan Requests], notify the applicable Revolving Lenders of its receipt of such Loan Request specifying the information provided by a Borrower, including the Currency in which such Revolving Credit Loan is requested, Borrower and the apportionment among the Revolving Lenders of the requested Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature of Lenders’ Obligations with Respect to Revolving Credit Loans]. Each Revolving Lender shall remit its apportioned share (as provided to it by the Administrative Agent) of the principal amount of each Revolving Credit Loan in the requested Currency (in the case of Alternative Currency Loans, in Dollars if so requested by the Administrative Agent) to the Administrative Agent such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Revolving Lenders have made funds available to it for such purpose and subject to Section 7.3 7.2 [Each Additional Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrowers Borrower in Same Day Funds U.S. Dollars and immediately available funds at the Principal Office prior to 2:00 p.m. Eastern Time, on the applicable Borrowing Date; provided that if any Revolving 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 Revolving Lender on such Borrowing Date, and such Revolving Lender shall be subject to the repayment obligation in Section 2.6(b) 2.6.2 [Presumptions by the Administrative Agent]. Each Revolving Lender may, at its option, make any Revolving Credit Loan by causing any domestic or foreign branch or Affiliate of such Revolving Lender to make such Revolving Credit Loan; provided that any exercise of such option shall not affect in any manner the obligation of the Borrower to repay such Revolving Credit Loan in accordance with the terms of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (CNX Resources Corp)

Making Revolving Credit Loans. The Administrative Agent shall, no less than one (1) Business Day before the effective date promptly after receipt by it of the election made pursuant to a Loan Request pursuant to Section 2.5 [Revolving Credit Loan Requests; Conversions and Renewals; Swingline Swing Loan Requests], notify the applicable Lenders of its receipt of such Loan Request specifying specifying: (i) the information provided by a Borrower, including proposed Borrowing Date and the Currency 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); (iii) the currency in which such Revolving Credit Loan is requested, made; and (iv) the apportionment among the Lenders of the requested such Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 2.3 [Nature of Lenders’ Obligations with Respect to Revolving Credit Loans]. Each Lender shall remit its apportioned share (as provided to it by the Administrative Agent) of the principal amount of each Revolving Credit Loan in the requested Currency (in the case of Alternative Currency Loans, in Dollars if so requested by the Administrative Agent) 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 7.3 7.2 [Each Additional Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrowers Borrower in Same Day Funds U.S. Dollars or the Optional Currency as the Borrower shall have requested, and immediately available funds at the Principal Office prior to 2:00 p.m. Eastern Timep.m., Pittsburgh time, on the applicable Borrowing Date; , provided that if any 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 Lender on such Borrowing Date, and such Lender shall be subject to the repayment obligation in Section 2.6(b) 10.13 [Presumptions by the Administrative AgentAvailability of Funds].

Appears in 1 contract

Samples: Credit Agreement (Covance Inc)

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Making Revolving Credit Loans. The Administrative Agent shall, no less than one (1) Business Day before the effective date promptly after receipt by it of the election made pursuant to a Loan Request pursuant to Section 2.5 2.4 [Revolving Credit Loan Requests; Conversions and Renewals; Swingline Swing Loan Requests], notify the applicable Lenders of its receipt of such Loan Request specifying the information provided by a Borrowerthe Borrowers, including the Currency in which such Revolving Credit Loan is requested, and the apportionment among the Lenders of the requested Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature of Lenders’ Obligations with Respect to Revolving Credit Loans]. Each Lender shall remit its apportioned share in the applicable Currency (as provided to it by the Administrative Agent) of the principal amount of each Revolving Credit Loan in the requested Currency (in the case of Alternative Currency Loans, in Dollars if so requested by the Administrative Agent) 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 7.3 7.2 [Each Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrowers in the applicable Currency in Same Day Funds at the Principal Office prior to 2:00 p.m. Eastern Time3:00 p.m., on the applicable Borrowing Date; provided that (x) if any 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 Lender on such Borrowing Date, and such Lender shall be subject to the repayment obligation in Section 2.6(b) 2.5.2 [Presumptions by the Administrative Agent], and (y) for the avoidance of doubt, no proceeds of any Revolving Credit Loan shall be disbursed to, or deposited in, any deposit account, securities account or other account of any Loan Party located or titled in Bermuda. Each of the Administrative Agent, the Issuing Lenders and each Lender at its option may make any Credit Extension or otherwise perform its obligations hereunder through any Lending Office; provided that any exercise of such option shall not affect the obligation of the Borrowers to repay any Credit Extension in accordance with the terms of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Crocs, Inc.)

Making Revolving Credit Loans. The Administrative Agent shall, no less than one (1) Business Day before the effective date promptly after receipt by it of the election made pursuant to a Revolving Credit Loan Request pursuant to Section 2.5 [Revolving Credit Loan Requests; Conversions and Renewals; Swingline Loan Requests]2.05(a), notify the applicable Lenders of its receipt of such Revolving Credit Loan Request specifying specifying: (i) the information provided by a Borrower, including proposed Borrowing Date and the Currency in which time and method of disbursement of such Revolving Credit Loans; (ii) the aggregate amount, type and currency of such Revolving Credit Loans and the applicable Interest Period (if any); (iii) if the Revolving Credit Loan is requestedwill be denominated in an Optional Currency, and the designated Funding Office for such Revolving Credit Loans, (iv) the apportionment among the Lenders of the requested Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature each Lender's Ratable Share and (iv) the Borrower which is to receive the proceeds of Lenders’ Obligations with Respect to the Revolving Credit Loans]. Each Lender shall remit its apportioned share (as provided to it by the Administrative Agent) of the principal amount of each Revolving Credit Loan in the requested Currency (in the case of Alternative Currency Loans, in Dollars if so requested to be made by the Administrative Agent) it to the Administrative Agent at the designated Funding Office 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 7.3 [Each Loan or Letter of Credit]purpose, fund such Revolving Credit Loans to the Borrowers designated Borrower in Same Day Funds immediately available funds at the Principal designated Funding Office prior to 2:00 p.m. Eastern Time, P.M. local time on the applicable Borrowing Date; , 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 2.6(b) [Presumptions by the Administrative Agent]10.14.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Borders Group Inc)

Making Revolving Credit Loans. The Administrative Agent shall, no less than one (1) Business Day before the effective date promptly after receipt by it of the election made pursuant to a Loan Request pursuant to Section 2.5 [Revolving Credit Loan Requests; Conversions and Renewals; Swingline Swing Loan Requests], notify the applicable Lenders of its receipt of such Loan Request specifying specifying: (i) the information provided by a Borrower, including proposed Borrowing Date and the Currency 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); (iii) the currency in which such Revolving Credit Loan is requested, made; and (iv) the apportionment among the Lenders of the requested such Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 2.3 [Nature of Lenders’ Obligations with Respect to Revolving Credit Loans]. Each Lender shall remit its apportioned share (as provided to it by the Administrative Agent) of the principal amount of each Revolving Credit Loan in the requested Currency (in the case of Alternative Currency Loans, in Dollars if so requested by the Administrative Agent) 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 7.3 6.2 [Each Additional Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrowers Borrower in Same Day Funds U.S. Dollars or the Optional Currency as the Borrower shall have requested, and immediately available funds at the Principal Office prior to 2:00 p.m. Eastern Timep.m., Pittsburgh time, on the applicable Borrowing Date; , provided that if any 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 Lender on such Borrowing Date, and such Lender shall be subject to the repayment obligation in Section 2.6(b) 9.12 [Presumptions by the Administrative AgentAvailability of Funds].

Appears in 1 contract

Samples: Credit Agreement (Covance Inc)

Making Revolving Credit Loans. The Administrative Agent shall, no less than one (1) Business Day before the effective date promptly after receipt by it of the election made pursuant to a Loan Request pursuant to Section 2.5 2.4 [Revolving Credit Loan Requests; Conversions and Renewals; Swingline Swing Loan Requests], notify the applicable Lenders of its receipt of such Loan Request specifying the information provided by a Borrower, including the Currency in which such Revolving Credit Loan is requested, Borrowers and the apportionment among the Lenders of the requested Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature of Lenders’ Obligations with Respect to Revolving Credit Loans]. Each Lender shall remit its apportioned share (as provided to it by the Administrative Agent) of the principal amount of each Revolving Credit Loan in the requested Currency (in the case of Alternative Currency Loans, in Dollars if so requested by the Administrative Agent) 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 7.3 7.2 [Each Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrowers in Same Day Funds U.S. Dollars and immediately available funds at the Principal Office prior to 2:00 p.m. Eastern Time3:00 p.m., on the applicable Borrowing Date; provided that (x) if any 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 Lender on such Borrowing Date, and such Lender shall be subject to the repayment obligation in Section 2.6(b) 2.5.2 [Presumptions by the Administrative Agent], and (y) for the avoidance of doubt, no proceeds of any Revolving Credit Loan shall be disbursed to, or deposited in, any deposit account, securities account or other account of any Loan Party located or titled in Bermuda. Each of the Administrative Agent, the Issuing Lenders and each Lender at its option may make any Credit Extension or otherwise perform its obligations hereunder through any Lending Office; provided that any exercise of such option shall not affect the obligation of the Borrowers to repay any Credit Extension in accordance with the terms of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Crocs, Inc.)

Making Revolving Credit Loans. The Administrative Agent shall, no less than one (1) Business Day before the effective date promptly after receipt by it of the election made pursuant to a Loan Request pursuant to Section 2.5 [Revolving Credit Loan Requests; Conversions and Renewals; Swingline Swing Loan Requests], notify the applicable Lenders Banks of its receipt of such Loan Request specifying the information provided by a Borrowerthe Borrowers, including the Currency currency in which such the Revolving Credit Loan is requested, and the apportionment among the Lenders Banks of the requested Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature of Lenders’ Banks' Obligations with Respect to Revolving Credit Loans]. Each Lender Bank shall remit its apportioned share (as provided to it by the Administrative Agent) of the principal amount of each Revolving Credit Loan in Dollars or the requested Optional Currency (in the case of Alternative Currency Loans, in Dollars if so requested by the Administrative Agent) to the Administrative Agent such that the Administrative 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 7.3 7.2 [Each Additional Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrowers in U.S. Dollars or the requested Optional Currency (as applicable) and in Same Day Funds at the Principal Office prior to 2:00 p.m. Eastern Time4:00p.m., 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, including funds in the requested Optional Currency, the Revolving Credit Loans of such Lender Bank on such Borrowing Date, the Revolving Credit Loans of such Bank on such Borrowing Date, and such Lender Bank shall be subject to the repayment obligation in Section 2.6(b) 2.6.2 [Presumptions by the Administrative Agent].

Appears in 1 contract

Samples: Credit Agreement (Big Lots Inc)

Making Revolving Credit Loans. The Administrative Agent shall, no less than one (1) Business Day before the effective date promptly after receipt by it of the election made pursuant to a Loan Request pursuant to Section 2.5 [Revolving Credit Loan Requests; Conversions ], and Renewals; Swingline Loan Requests]in any event before 2:00 p.m., Eastern time, on the date of receipt, notify the applicable Lenders Banks of its receipt of such Loan Request specifying specifying: (i) the information provided by a Borrower, including proposed Borrowing Date and the Currency in which time and method of disbursement of the Revolving Credit Loans requested thereby; (ii) the amount and type of each such Revolving Credit Loan is requested, and the applicable Interest Period (if any); and (iii) the apportionment among the Lenders Banks of the requested such Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature of Lenders’ Obligations with Respect to Revolving Credit LoansBanks' Obligations]. Each Lender Bank shall remit its apportioned share (as provided to it by the Administrative Agent) of the principal amount of each Revolving Credit Loan in the requested Currency (in the case of Alternative Currency Loans, in Dollars if so requested by the Administrative Agent) to the Administrative Agent such that the Administrative 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 7.3 6.2 [Each Loan or Letter of CreditAdditional Loan], fund such Revolving Credit Loans to the Borrowers Borrower in Same Day Funds U.S. Dollars and immediately available funds at the Principal Office prior to 2:00 p.m. p.m., Eastern Timetime, 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 Borrowing Date, and such Lender Bank shall be subject to the repayment obligation in Section 2.6(b) 9.16 [Presumptions by the Administrative AgentAvailability of Funds].

Appears in 1 contract

Samples: Credit Agreement (Party City Corp)

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