Common use of Manner of Borrowing and Payment Clause in Contracts

Manner of Borrowing and Payment. Notwithstanding anything to the contrary contained in Sections 2.5.1, 4.1 and 4.2 hereof, commencing with the first Business Day following the Closing Date, each borrowing of Revolving Credit Loans shall be advanced by Agent and each payment by a Borrower on account of Revolving Credit Loans shall be applied first to those Revolving Credit Loans advanced by Agent. On or before 1:00 P.M., Pittsburgh time, on each Settlement Date commencing with the first Settlement Date following the Closing Date, Agent and each Bank shall make certain payments as follows: (I) if the aggregate amount of new Revolving Credit Loans made by Agent during the preceding Week (if any) exceeds the aggregate amount of repayments applied to outstanding Revolving Credit Loans during such preceding Week, then each Bank shall provide Agent with funds in an amount equal to its applicable Revolving Credit Commitment of the difference between (w) such Revolving Credit Loans and (x) such repayments and (II) if the aggregate amount of repayments applied to outstanding Revolving Credit Loans during such Week exceeds the aggregate amount of new Revolving Credit Loans made during such Week, then Agent shall provide each Bank with funds in an amount equal to its applicable Revolving Credit Commitment of the difference between (y) such repayments and (z) such Revolving Credit Loans. 2.5.2.1 Each Bank shall be entitled to earn interest at the applicable Interest Rate Option on outstanding Revolving Credit Loans which it has funded. 2.5.2.2 Promptly following each Settlement Date, Agent shall submit to each Bank a certificate with respect to payments received and Revolving Credit Loans made during the Week immediately preceding such Settlement Date. Such certificate of Agent shall be conclusive in the absence of manifest error.

Manner of Borrowing and Payment. Notwithstanding anything to the contrary contained in Sections 2.5.1, 4.1 and 4.2 hereof, commencing with the first Business Day following the Closing Date, each borrowing of Revolving Credit Loans shall be advanced by Agent and each payment by a Borrower on account of Revolving Credit Loans shall be applied first to those Revolving Credit Loans advanced by Agent. On or before 1:00 P.M., Pittsburgh time, on each Settlement Date commencing with the first Settlement Date following the Closing Date, Agent and each Bank shall make certain payments as follows: (I) if the aggregate amount of new Revolving Credit Loans made by Agent during the preceding Week (if any) exceeds the aggregate amount of repayments applied to outstanding Revolving Credit Loans during such preceding Week, then each Bank shall provide Agent with funds in an amount equal to its applicable Revolving Credit Commitment of the difference between (w) such Revolving Credit Loans and (x) such repayments and (II) if the aggregate amount of repayments applied to outstanding Revolving Credit Loans during such Week exceeds the aggregate amount of new Revolving Credit Loans made during such Week, then Agent shall provide each Bank with funds in an amount equal to its applicable Revolving Credit Commitment of the difference between (y) such repayments and (z) such Revolving Credit Loans. 2.5.2.1 . Each Bank shall be entitled to earn interest at the applicable Interest Rate Option on outstanding Revolving Credit Loans which it has funded. 2.5.2.2 . Promptly following each Settlement Date, Agent shall submit to each Bank a certificate with respect to payments received and Revolving Credit Loans made during the Week immediately preceding such Settlement Date. Such certificate of Agent shall be conclusive in the absence of manifest error.