Common use of Making Revolving Credit Loans Clause in Contracts

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.4, notify the Banks of its receipt of such Loan Request specifying: (i) the proposed Borrowing Date and the time and method of disbursement of such Revolving Credit Loans; (ii) the currencies in which such Revolving Credit Loans are to be made, the amount(s) and type(s) of each and the applicable Interest Period(s) (if any); and (iii) the apportionment among the Banks of the Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2. Each Bank shall remit the principal amount of each Revolving Credit Loan to the Administrative Agent in the appropriate currencies such that the Administrative Agent shall, to the extent the Banks have made funds available to it for such purposes, fund such Revolving Credit Loans to the 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 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 the Borrowing Date and such Bank shall be subject to the repayment obligation in Section 9.16.

Appears in 3 contracts

Samples: Credit Agreement (Triumph Group Inc), Credit Agreement (Triumph Group Inc), Credit Agreement (Triumph Group Inc /)

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Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.42.5 [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 such the Revolving Credit LoansLoans requested thereby; (ii) the currencies in which amount and type of each such Revolving Credit Loans are to be made, the amount(s) and type(s) of each Loan and the applicable Interest Period(s) Period (if any); and (iii) the apportionment among the Banks Lenders of the such Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.22.2 [Nature of Lenders’ Obligations]. Each Bank Lender shall remit the principal amount of each Revolving Credit Loan to the Administrative Agent in the appropriate currencies such that the Administrative Agent is able to, and the Agent shall, to the extent the Banks Lenders have made funds available to it for such purposespurpose and subject to Section 7.2 [Each Additional Loan], fund such Revolving Credit Loans to the Borrowers Borrower 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 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 the such Borrowing Date Date, and such Bank Lender shall be subject to the repayment obligation in Section 9.1610.16 [Availability of Funds].

Appears in 3 contracts

Samples: Credit Agreement (Rhino Resource Partners LP), Credit Agreement (Penn Virginia Resource Partners L P), Credit Agreement (Rhino Resource Partners, L.P.)

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.42.5 [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 such the Revolving Credit LoansLoans requested thereby; (ii) the currencies in which amount and type of each such Revolving Credit Loans are to be made, the amount(s) and type(s) of each Loan and the applicable Interest Period(s) Period (if any); and (iii) the apportionment among the Banks of the such Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.22.2 [Nature of Banks’ Obligations]. Each Bank shall remit the principal amount of each Revolving Credit Loan to the Administrative Agent in the appropriate currencies such that the Administrative Agent is able to, and the Agent shall, to the extent the Banks have made funds available to it for such purposespurpose and subject to Section 7.2 [Each Additional Loan], fund such Revolving Credit Loans to the Borrowers Borrower 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 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 the such Borrowing Date Date, and such Bank shall be subject to the repayment obligation in Section 9.1610.15 [Availability of Funds].

Appears in 1 contract

Samples: Credit Agreement (Westmoreland Coal Co)

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.42.5 [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 such the Revolving Credit LoansLoans requested thereby; (ii) the currencies in which amount and type of each such Revolving Credit Loans are to be made, the amount(s) and type(s) of each Loan and the applicable Interest Period(s) Period (if any); and (iii) the apportionment among the Banks of the such Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.22.2 [Nature of Banks' Obligations]. Each Bank shall remit the principal amount of each Revolving Credit Loan to the Administrative Agent in the appropriate currencies such that the Administrative Agent is able to, and the Agent shall, to the extent the Banks have made funds available to it for such purposespurpose and subject to Section 6.2 [Each Additional Loan], fund such Revolving Credit Loans to the Borrowers Borrower 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 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 the such Borrowing Date Date, and such Bank shall be subject to the repayment obligation in Section 9.169.16 [Availability of Funds].

Appears in 1 contract

Samples: Pledge Agreement (Internet Capital Group Inc)

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.42.4 [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 such the Revolving Credit LoansLoans requested thereby; (ii) the currencies in which amount and type of each such Revolving Credit Loans are to be made, the amount(s) and type(s) of each Loan and the applicable Interest Period(s) Period (if any); and (iii) the apportionment among the Banks of the such Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.22.2 [Nature of Banks' Obligations]. Each Bank shall remit the principal amount of each Revolving Credit Loan to the Administrative Agent in the appropriate currencies such that the Administrative Agent is able to, and the Agent shall, to the extent the Banks have made funds available to it for such purposespurpose and subject to Section 7.2 [Each Additional Loan], fund such Revolving Credit Loans to the Borrowers Borrower 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 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 the such Borrowing Date Date, and such Bank shall be subject to the repayment obligation in Section 9.1610.16 [Availability of Funds].

Appears in 1 contract

Samples: Credit Agreement (Corrpro Companies Inc /Oh/)

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.42.5 [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 such the Revolving Credit LoansLoans requested thereby; (ii) the currencies in which amount and type of each such Revolving Credit Loans are to be made, the amount(s) and type(s) of each Loan and the applicable Euro-Rate Interest Period(s) Period (if any); and (iii) the apportionment among the Banks of the such Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.22.2 [Nature of Banks' Obligations]. Each Bank shall remit the principal amount of each Revolving Credit Loan to the Administrative Agent in the appropriate currencies such that the Administrative Agent is able to, and the Agent shall, to the extent the Banks have made funds available to it for such purposespurpose and subject to Section 7.2 [Each Additional Loan], fund such Revolving Credit Loans to the Borrowers Borrower 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 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 the such Borrowing Date Date, and such Bank shall be subject to the repayment obligation in Section 9.16Paragraph 16 of Exhibit 10.

Appears in 1 contract

Samples: Credit Agreement (Elgin National Industries Inc)

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.42.5 [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 such the Revolving Credit LoansLoans requested thereby; (ii) the currencies in which amount and type of each such Revolving Credit Loans are to be made, the amount(s) and type(s) of each Loan and the applicable Interest Period(s) Period (if any); and (iii) the apportionment among the Banks of the such Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.22.3 [Nature of Banks' Obligations]. Each Bank shall remit the principal amount of each Revolving Credit Loan to the Administrative Agent in the appropriate currencies such that the Administrative Agent is able to, and the Agent shall, to the extent the Banks have made funds available to it for such purposespurpose and subject to Section 7.2 [Each Additional Loan], fund such Revolving Credit Loans to the Borrowers Borrower 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 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 the such Borrowing Date Date, and such Bank shall be subject to the repayment obligation in Section 9.1610.16 [Availability of Funds].

Appears in 1 contract

Samples: Credit Agreement (Covance Inc)

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Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.42.5 [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 such the Revolving Credit LoansLoans requested thereby; (ii) the currencies in which amount and type of each such Revolving Credit Loans are to be made, the amount(s) and type(s) of each Loan and the applicable Interest Period(s) Period (if any); and (iii) the apportionment among the Banks of the such Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.22.2 [Nature of Banks' Obligations]. Each Bank shall remit the principal amount of each Revolving Credit Loan to the Administrative Agent in the appropriate currencies such that the Administrative Agent is able to, and the Agent shall, to the extent the Banks have made funds available to it for such purposespurpose and subject to Section 7.2 [Each Additional Loan], fund such Revolving Credit Loans to the Borrowers Borrower 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 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 the such Borrowing Date Date, and such Bank shall be subject to the repayment obligation in Section 9.1610.16 [Availability of Funds].

Appears in 1 contract

Samples: Credit Agreement (Novacare Employee Services Inc)

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.42.5.1 [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 such the Revolving Credit LoansLoans requested thereby; (ii) the currencies in which amount and type of each such Revolving Credit Loans are to be made, the amount(s) and type(s) of each Loan and the applicable Interest Period(s) Period (if any); and (iii) the apportionment among the Banks of the such Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.22.2 [Nature of Banks' Obligations]. Each Bank shall remit the principal amount of each Revolving Credit Loan to the Administrative Agent in the appropriate currencies such that the Administrative Agent is able to, and the Agent shall, to the extent the Banks have made funds available to it for such purposespurpose and subject to Section 6.2 [Each Additional Loan], fund such Revolving Credit Loans to the Borrowers Borrower 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 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 the such Borrowing Date Date, and such Bank shall be subject to the repayment obligation in Section 9.169.16 [Availability of Funds].

Appears in 1 contract

Samples: Credit Agreement (Respironics Inc)

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.4, notify the Banks of its receipt of such Loan Request specifying: (i) the proposed Borrowing Date and the time and method of disbursement of such Revolving Credit Loans; (ii) the currencies in which such Revolving Credit Loans are to be made, the amount(s) and type(s) of each and the applicable Interest Period(s) (if any); and (iii) the apportionment among the Banks of the Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2. Each Bank shall remit the principal amount of each Revolving Credit Loan to the Administrative Agent in the appropriate currencies such that the Administrative Agent shall, to the extent the Banks have made funds available to it for such purposes, fund such Revolving Credit Loans to the Borrowers Borrower 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 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 the Borrowing Date and such Bank shall be subject to the repayment obligation in Section 9.16.

Appears in 1 contract

Samples: Credit Agreement (Triumph Group Inc /)

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