Common use of Manner and Disbursement of Loans Clause in Contracts

Manner and Disbursement of Loans. The Company shall give written or telephonic notice to the Lender (which notice shall be irrevocable once given) by no later than 11:00 a.m. (Chicago time) on the date the Company requests that any Loan be made to it under the Commitments. Each such notice shall specify the date of the Loan requested (which must be a Business Day), the type of Loan being requested, and the amount thereof. Each Loan shall initially constitute part of the applicable Base Rate Portion except to the extent the Company has otherwise timely elected that such Loan, or any part thereof, constitute part of a LIBOR Portion as provided in Section 2 hereof. The Company agrees that the Lender may rely upon any written or telephonic notice given by any person the Lender in good faith believes is an Authorized Representative without the necessity of independent investigation and, in the event any telephonic notice conflicts with any written confirmation, such telephonic notice shall govern if the Lender has acted in reliance thereon. Subject to the provisions of Section 6 hereof, the proceeds of each Loan shall be made available to the Company at the principal office of the Lender in Chicago, Illinois, in immediately available funds.

Manner and Disbursement of Loans. The Company shall give written or telephonic notice to the Lender (which notice shall be irrevocable once given) by no later than 11:00 a.m. (Chicago time) on the date the Company requests that any Loan be made to it under the Commitments. Each such notice shall specify the date of the Loan requested (which must be a Business Day), the type of Loan being requested, and the amount thereof. Each Loan shall initially constitute part of the applicable Base Domestic Rate Portion except to the extent the Company has otherwise timely elected that such Loan, or any part thereof, constitute part of a LIBOR Fixed Rate Portion as provided in Section 2 hereof. The Company agrees that the Lender may rely upon any written or telephonic notice given by any person the Lender in good faith believes is an Authorized Representative without the necessity of independent investigation and, in the event any telephonic notice conflicts with any written confirmation, such telephonic notice shall govern if the Lender has acted in reliance thereon. Subject to the provisions of Section 6 hereof, the proceeds of each Loan shall be made available to the Company at the principal office of the Lender in Chicago, Illinois, in immediately available funds.

Manner and Disbursement of Loans. The Company Either Borrower shall give written or telephonic notice to the Lender Bank (which notice shall be irrevocable once givengiven and, if given by telephone, shall be promptly confirmed in writing) by no later than 11:00 a.m. (Chicago time) on the date such Borrower requests the Company requests that any Bank to make a Loan be made to it under the Commitmentshereunder. Each such notice shall specify the date of the Loan requested (which must be a Business Day), the type of Loan being requested, ) and the amount thereofof such Loan. Each Loan shall initially constitute part of the applicable Base Rate Portion except to the extent the Company such Borrower has otherwise timely elected that such Loan, or any part thereof, constitute part of a LIBOR Portion as provided in Section 2 hereof. The Company agrees Borrowers agree that the Lender Bank may rely upon any written or telephonic notice given by any person that the Lender Bank in good faith believes is an Authorized Representative without the necessity of independent investigation and, in the event any telephonic notice conflicts with any the written confirmation, such telephonic notice shall govern if the Lender Bank has acted in reliance thereon. Subject to the provisions of Section 6 7 hereof, the proceeds of each Loan shall be made available to the Company relevant Borrower at the principal office of the Lender Bank in Chicago, Illinois, in immediately available fundsfunds by deposit to such Borrower’s operating account maintained with the Bank or as otherwise agreed upon by the applicable Borrower and the Bank.