Making Swingline Loans Sample Clauses

Making Swingline Loans. Upon request of the Borrowers' Representative, the Swingline Lender shall promptly notify the Borrowers' Representative and the Administrative Agent of the quoted rate of interest applicable on any Business Day to a proposed Swingline Loan (such rate of interest, a "Quoted Rate") and of the rate that would be applicable to a Eurodollar Rate Revolving Credit Loan made on the same day for an Interest Period of one month (the "Swingline Eurodollar Rate"). Requests for Swingline Loans shall be made not later than 4:00 p.m. on the Business Day of the proposed Swingline Loan by delivery by telex, telegraph, telecopy or telephone of a request therefor by Borrowers' Representative to the Administrative Agent. Each such notice (a "Swingline Loan Request") shall specify (i) the proposed borrowing date, (ii) the amount of Swingline Loan requested, (iii) the applicable Quoted Rate or Eurodollar Rate, as selected by the Borrowers, and (iv) the applicable Swingline Loan Maturity, and shall be immediately followed by a written confirmation thereof by the Borrowers' Representative in substantially the form of EXHIBIT E-2 hereto, PROVIDED, that if such written confirmation differs in any material respect from the action taken by the Administrative Agent, the records of the Administrative Agent shall control absent manifest error. Not later than 6:00 p.m. on the date specified for any Swingline Loan, the Swingline Lender shall make available such Swingline Loan in immediately available funds to the Administrative Agent at the Administrative Agent's Office. After the Administrative Agent's receipt of such funds and upon fulfillment of the applicable conditions set forth in ARTICLE 6, the Administrative Agent will, and the Borrowers hereby irrevocably authorize the Administrative Agent to, disburse the proceeds of each Swingline Loan by making such funds available to the Borrowers by wire transfer to such account of a Borrower as the Borrowers and the Administrative Agent may agree from time to time.

Making Swingline Loans. The Swingline Loan Lender shall, after receipt by it of a Swingline Loan Request pursuant to Section 2.5(b) [Swingline Loan Requests], fund such Swingline Loan to the Borrowers in U.S. Dollars and immediately available funds at the Principal Office prior to 6:00 p.m. Eastern Time on the Borrowing Date.