Multicurrency Facility Loans Clause Samples

Multicurrency Facility Loans. (i) On the Closing Date and/or any date prior to the fifth Business Day after the Closing Date, subject to the terms and conditions hereof, each Lender holding a Multicurrency Facility Commitment agrees to make Multicurrency Facility Loans to Company denominated in Yen, ECUs or Dollars, as requested by Company in the applicable Notice; provided, after giving effect to the making of any Multicurrency Facility Loans in no event shall the Total Utilization of Multicurrency Facility Commitments exceed the Multicurrency Facility Commitments then in effect. Amounts borrowed pursuant to this Section 2.2(c)(i) may be repaid but not reborrowed. Each Lender's Multicurrency Facility Commitment shall expire on the Multicurrency Facility Commitment Termination Date and all Multicurrency Facility Loans and all other amounts owed hereunder with respect thereto and the Multicurrency Facility Commitments shall be paid in full no later than such date. (ii) Company shall deliver to Multicurrency Facility Agent the fully executed and delivered Closing Date Certificate (which shall be deemed to be a Funding Notice with respect to the Multicurrency Facility Loans made pursuant to Section 2.2(c)(i) for all purposes hereof). Promptly upon receipt by Multicurrency Facility Agent of such Certificate, Multicurrency Facility Agent shall notify each Lender of the proposed borrowing. (iii) In the case of Multicurrency Facility Loans, each Multicurrency Facility Lender shall, pursuant to the terms and subject to the conditions of this Agreement, not later than 12:00 noon (New York City time) on the Closing Credit Date (or the applicable day thereafter pursuant to Section 2.2(c)(i)), make its Pro Rata Share of such Multicurrency Facility Loan on such day available to Company by depositing or transferring the proceeds thereof in the applicable Multicurrency and in Same Day Funds to the account of Multicurrency Facility Agent at the applicable Funding Bank. The amount so received by such Funding Bank shall, subject to the terms of this Agreement and upon instruction from Multicurrency Facility Agent thereto on the same day but no later than 2:00 p.m. (New York City time), be made available to Company by deposit thereof to an account of Company, or as otherwise as directed by Company in the applicable Funding Notice.