Common use of Notice to and Payment by the Banks Clause in Contracts

Notice to and Payment by the Banks. (a) Promptly following the delivery of any Bank Notice relating to any request for a Revolving Loan under an Applicable Tranche (and in any event, prior to the Applicable Bank Funding Deadline), each Applicable Bank shall deposit in an account designated by the Administrative Agent for such purpose (and notified by the Administrative Agent to the Applicable Banks) in immediately available funds the proceeds of such Applicable Bank’s Applicable Percentage of the requested Advance.

Appears in 9 contracts

Samples: Credit Agreement (Cme Group Inc.), Credit Agreement (Cme Group Inc.), Credit Agreement (Cme Group Inc.)

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Notice to and Payment by the Banks. (a) a. Promptly following the delivery of any Bank Notice relating to any request for a Revolving Loan under an Applicable Tranche (and in any event, prior to the Applicable Bank Funding Deadline), each Applicable Bank shall deposit in an account designated by the Administrative Agent for such purpose (and notified by the Administrative Agent to the Applicable Banks) in immediately available funds the proceeds of such Applicable Bank’s Applicable Percentage of the requested Advance.

Appears in 1 contract

Samples: Credit Agreement (Cme Group Inc.)

Notice to and Payment by the Banks. (a) Promptly following the delivery of any Bank Notice relating to any request for a Revolving Loan under an Applicable Tranche (and in any event, prior to the Applicable Bank Funding Deadline), each Applicable Bank shall deposit in an the designated account designated by of the Administrative Agent for such purpose (and notified by the Administrative Agent to the Applicable Banks) in immediately available funds the proceeds of such Applicable Bank’s Applicable Percentage of the requested Advance.

Appears in 1 contract

Samples: Credit Agreement (Cme Group Inc.)

Notice to and Payment by the Banks. (a) Promptly following the delivery of any Bank Notice relating to any request for a Revolving Loan under an Applicable Tranche (and in any event, prior to within the Applicable Bank Funding Deadline), each Applicable Bank shall deposit in an the designated account designated by of the Administrative Agent for such purpose (and notified by the Administrative Agent to the Applicable Banks) in immediately available funds the proceeds of such Applicable Bank’s Applicable Percentage of the requested Advance.

Appears in 1 contract

Samples: Credit Agreement (Cme Group Inc.)

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Notice to and Payment by the Banks. (a) Promptly following the delivery of any Bank Notice relating to any request for a Revolving Loan under an Applicable Tranche (and in any event, prior to the Applicable Bank Funding Deadline), each Applicable Bank shall deposit in an account designated by the Administrative Agent for such purpose (and notified by the Administrative Agent to the Applicable Banks) in immediately available funds the proceeds of such Applicable Bank’s Applicable Percentage of the requested Advance.Applicable

Appears in 1 contract

Samples: Credit Agreement (Cme Group Inc.)

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