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 [Revolving Credit Loan Requests; Swing Loan Requests], notify the Lenders of its receipt of such Loan Request specifying the information provided by the 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 to the Administrative Agent such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Lenders have made funds available to it for such purpose and subject to Section 7.2 [Each 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 3:00 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 2.5.2 [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.

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.4 2.5 [Revolving Credit Loan Requests; Swing Loan Requests], notify the Lenders of its receipt of such Loan Request specifying the information provided by the Borrowers, 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 in the applicable Currency (as provided to it by the Administrative Agent) of the principal amount of each Revolving Credit Loan in the requested Optional Currency (or 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 7.2 [Each Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrowers applicable Borrower in U.S. Dollars or the applicable requested Optional Currency in Same Day Funds (as applicable) and immediately available funds at the Principal Office prior to 3:00 2:00 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, 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 2.5.2 2.6.2 [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 Revolving Credit Extension Loan by causing any domestic or otherwise perform its obligations hereunder through any Lending Office; provided that any exercise foreign office, branch or affiliate of such option shall not affect the obligation of the Borrowers Lender to repay any make such Revolving Credit Extension in accordance with the terms of this AgreementLoan.

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.4 2.5 [Revolving Credit Loan Requests; Swing Loan Requests], notify the Lenders of its receipt of such Loan Request specifying specifying: (i) the information provided by proposed Borrowing Date and the Borrowers, including time and method of disbursement of the Currency 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 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 to the Administrative Agent such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Lenders have made funds available to it for such purpose and subject to Section 7.2 6.2 [Each Additional Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrowers Borrower in U.S. Dollars or the applicable Optional Currency in Same Day Funds as the Borrower shall have requested, and immediately available funds at the Principal Office prior to 3:00 2:00 p.m., Pittsburgh time, 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 2.5.2 9.12 [Presumptions by the Administrative AgentAvailability of Funds], 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.

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it no less than one (1) Business Day before the effective date of the election made pursuant to a Loan Request pursuant to Section 2.4 2.5 [Revolving Credit Loan Requests; Swing Conversions and Renewals; Swingline Loan Requests], notify the applicable Lenders of its receipt of such Loan Request specifying the information provided by the Borrowersa 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 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 7.2 7.3 [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 3:00 p.m.2:00 p.m. Eastern Time, 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 2.5.2 2.6(b) [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.

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Revolving Credit Loan Request pursuant to Section 2.4 [Revolving Credit Loan Requests; Swing Loan Requests]2.05(a), notify the Lenders of its receipt of such Revolving Credit Loan Request specifying specifying: (i) the information provided by proposed Borrowing Date and the Borrowers, including 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 in the applicable Currency (as provided to it by the Administrative Agent) of the principal amount of each Revolving Credit Loan to be made by 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 7.2 [Each Loan or Letter of Credit]purpose, fund such Revolving Credit Loans to the Borrowers designated Borrower in the applicable Currency in Same Day Funds immediately available funds at the Principal designated Funding Office prior to 3:00 p.m., 2:00 P.M. local time on the applicable Borrowing Date; , provided that (x) 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 2.5.2 [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 Agreement11.14.

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.4 [Revolving Credit Loan Requests; Swing Loan Requests], notify the Lenders of its receipt of such Loan Request specifying the information provided by the Borrowers, 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 in the applicable Currency (as provided to it by the Administrative Agent) of 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 Lenders have made funds available to it for such purpose and subject to Section 7.2 [Each Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrowers in the applicable Currency in Same Day Funds U.S. Dollars and immediately available funds at the Principal Office prior to 3:00 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 2.5.2 [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.

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.4 2.5 [Revolving Credit Loan Requests; Swing Conversions and Renewals; Swingline Loan Requests], notify the applicable Lenders of its receipt of such Loan Request specifying the information provided by the BorrowersBorrower, 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 7.2 [Each Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrowers in the applicable Currency Borrower in Same Day Funds at the Principal Office prior to 3:00 p.m.2:00 p.m. Eastern Time, 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 2.5.2 2.6(b) [Presumptions by the Administrative Agent]. Each Lender may, and (y) for the avoidance of doubtat its option, no proceeds of any Revolving Credit Loan shall be disbursed to, or deposited in, any deposit account, securities account or other account of make any Loan Party located by causing any domestic or titled in Bermuda. Each foreign branch or Affiliate of the Administrative Agent, the Issuing Lenders and each such Lender at its option may to make any Credit Extension or otherwise perform its obligations hereunder through any Lending Officesuch Loan; provided that any exercise of such option shall not affect in any manner the obligation of the Borrowers Borrower to repay any Credit Extension such Loan in accordance with the terms of this Agreement.

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.4 2.5.1 [Revolving Credit Loan Requests; Swing Loan Requests], notify the Revolving Lenders of its receipt of such Loan Request specifying the information provided by the Borrowers, 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 in the applicable Currency (as provided to it by the Administrative Agent) of 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 Revolving Lenders have made funds available to it for such purpose and subject to Section 7.2 [Each Additional Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrowers Borrower in the applicable Currency in Same Day Funds U.S. Dollars and immediately available funds at the Principal Office prior to 3:00 p.m., 2:00 p.m. on the applicable Borrowing Date; provided that (x) 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 2.5.2 2.6.2 [Presumptions by the Administrative Agent]. Each Revolving Lender may, and (y) for the avoidance of doubtat its option, no proceeds of make any Revolving Credit Loan shall be disbursed to, by causing any domestic or deposited in, any deposit account, securities account foreign branch or other account Affiliate of any Loan Party located or titled in Bermuda. Each of the Administrative Agent, the Issuing Lenders and each such Revolving Lender at its option may to make any such Revolving Credit Extension or otherwise perform its obligations hereunder through any Lending OfficeLoan; provided that any exercise of such option shall not affect in any manner the obligation of the Borrowers Borrower to repay any such Revolving Credit Extension Loan in accordance with the terms of this Agreement.

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Revolving Credit Loan Request pursuant to Section 2.4 [Revolving Credit Loan Requests; Swing Loan Requests]2.05(a), notify the Lenders of its receipt of such Revolving Credit Loan Request specifying specifying: (i) the information provided by proposed Borrowing Date and the Borrowers, including 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 in the applicable Currency (as provided to it by the Administrative Agent) of the principal amount of each Revolving Credit Loan to be made by 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 7.2 [Each Loan or Letter of Credit]purpose, fund such Revolving Credit Loans to the Borrowers designated Borrower in the applicable Currency in Same Day Funds immediately available funds at the Principal designated Funding Office prior to 3:00 p.m., 2:00 P.M. local time on the applicable Borrowing Date; , provided that (x) 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 2.5.2 [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 Agreement10.14.

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.4 2.3 [Revolving Credit Loan Requests; Swing Loan Requests], notify the Lenders of its receipt of such Loan Request specifying the information provided by the Borrowers, including the Currency 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 Optional Currency (or 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 7.2 [Each Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrowers in immediately available funds in Dollars or the applicable requested Optional Currency in Same Day Funds (as applicable) at the Principal Office prior to 3:00 2:00 p.m., on the applicable Borrowing Date; provided that (x) if any Lender fails to remit such funds funds, in the applicable Optional Currency, 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 2.5.2 2.4.2 [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.

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.4 2.5 [Revolving Credit Loan Requests; Swing Loan Requests], notify the Lenders of its receipt of such Loan Request specifying the information provided by the Borrowers, including (i) the Currency in which amount and type of currency of each such Revolving Credit Loan is requestedand the Interest Period (if any), and (ii) 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]] and (iii) which Borrower or Borrowers are borrowing such 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 to the Administrative Agent such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Lenders have made funds available to it for such purpose and subject to Section 7.2 [Each Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrowers applicable Borrower(s) in U.S. Dollars or the applicable requested Optional Currency (as applicable) in Same Day Funds immediately available funds at the Principal Office (or with respect to Loans in an Optional Currency such other lending office as the Administrative Agent shall, from time to time, notify such Lender) prior to 3:00 p.m.2:00 p.m. (or with respect to Loans in an Optional Currency, such other time as the Administrative Agent shall notify such Lender), 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, 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 2.5.2 2.6.2 [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.

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.4 [Revolving Credit Loan Requests; Swing Loan Requests]2.5, notify the Lenders Banks of its receipt of such the related Loan Request specifying specifying: (i) the information provided by proposed Borrower and Borrowing Date of such Revolving Credit Loans; (ii) the Borrowers, including 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 in the applicable Currency (as provided to it by the Administrative Agent) of the principal amount of each Revolving Credit Loan 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 7.2 [Each Loan or Letter of Credit]purpose, fund such Revolving Credit Loans to the Borrowers requesting Borrower in the applicable Currency in Same Day Funds Dollars or (as applicable) Pounds Sterling at the Principal Applicable Lending Office prior to 3:00 p.m., (as applicable) 2:00 p.m. Pittsburgh time or 1:00 p.m. London time in immediately available funds on the applicable Borrowing Date; provided , PROVIDED that (x) 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 2.5.2 [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 Agreement10.16.