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

Notice to and Payment by the Banks. Promptly after receiving notice from the Company of each Advance requested pursuant to Section 3.1, Administrative Agent shall notify each of the applicable Banks by telephone (which may, at the option of Administrative Agent, be accompanied by facsimile transmission), of each Advance, which notice shall state: (a) the dollar amount of such Advance; (b) each Bank’s ratable share of such Advance; (c) the date and time when such Advance is to be made; and (d) the account located at Administrative Agent to which the applicable Bank’s ratable share of such Advance shall be sent. Except as hereinafter provided, promptly after receipt of such notice from Administrative Agent and, in any event, before the time specified in such notice as the time when such Advance is to be made to the Company, each applicable Bank shall transfer its ratable share of such Advance to Administrative Agent by Federal Reserve wire transfer or, in the event of a failure of the Federal Reserve wire transfer system, in other immediately available funds via the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system or otherwise.

Notice to and Payment by the Banks. Promptly after receiving notice from the Company of each Advance requested pursuant to Section 3.1, Administrative Agent the Servicing Banks shall notify each of the applicable Banks by telephone (which may, at the option of Administrative Agentthe Servicing Banks, be accompanied by facsimile transmission), of each Advance, which notice shall state: (a) the dollar amount of such Advance; (b) each Bank’s ratable share of such Advance; (c) the date and time when such Advance is to be made; and (d) the account located at Administrative Agent Servicing Bank to which the applicable Bank’s ratable share of such Advance shall be sent. Except as hereinafter provided, promptly after receipt of such notice from Administrative Agent the applicable Servicing Bank and, in any event, before the time specified in such notice as the time when such Advance is to be made to the Company, each applicable Bank shall transfer its ratable share of such Advance to Administrative Agent the appropriate Servicing Bank by Federal Reserve wire transfer or, in the event of a failure of the Federal Reserve wire transfer system, in other immediately available funds via the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system or otherwise.

Notice to and Payment by the Banks. Promptly after receiving notice from the Company of each Advance requested pursuant to Section SECTION 3.1, Administrative Agent the Servicing Banks shall notify each of the applicable Banks by telephone (which may, at the option of Administrative Agentthe Servicing Banks, be accompanied by facsimile transmission), of each Advance, which notice shall state: (a) the dollar amount of such Advance; (b) each Bank’s 's ratable share of such Advance; (c) the date and time when such Advance is to be made; and (d) the account located at Administrative Agent Servicing Bank to which the applicable Bank’s 's ratable share of such Advance shall be sent. Except as hereinafter provided, promptly after receipt of such notice from Administrative Agent the applicable Servicing Bank and, in any event, before the time specified in such notice as the time when such Advance is to be made to the Company, each applicable Bank shall transfer its ratable share of such Advance to Administrative Agent the appropriate Servicing Bank by Federal Reserve wire transfer or, in the event of a failure of the Federal Reserve wire transfer system, in other immediately available funds via the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system or otherwisefunds.

Notice to and Payment by the Banks. Promptly after receiving notice from the Company of each Advance requested pursuant to Section 3.1, Administrative Agent shall notify each of the applicable Banks by telephone (which may, at the option of Administrative Agent, be accompanied by facsimile transmission), of each Advance, which notice shall state: (a) the dollar amount of such Advance; (b) each Bank’s ratable share of such Advance; (c) the date and time when such Advance is to be made; and (d) the account located at Administrative Agent to which the applicable Bank’s ratable share of such Advance shall be sent. Except as hereinafter provided, promptly after receipt of such notice from Administrative Agent and, in any event, before the time specified in such notice as the time when such Advance is to be made to the Company, each applicable Bank shall transfer its ratable share of such Advance to Administrative Agent by Federal Reserve wire transfer or, in the event of a failure of the Federal Reserve wire transfer system, in other immediately available funds via the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system or otherwise.

Notice to and Payment by the Banks. Promptly after receiving notice from the Company of each Advance requested pursuant to Section SECTION 3.1, Administrative Agent the Servicing Banks shall notify each of the applicable Banks by telephone (which may, at the option of Administrative Agentthe Servicing Banks, be accompanied by facsimile transmission), of each Advance, which notice shall state: (a) the dollar amount of such Advance; (b) each Bank’s 's ratable share of such Advance; (c) the date and time when such Advance is to be made; and (d) the account located at Administrative Agent Servicing Bank to which the applicable Bank’s 's ratable share of such Advance shall be sent. Except as hereinafter provided, promptly after receipt of such notice from Administrative Agent the Servicing Banks and, in any event, before the time specified in such notice as the time when such Advance is to be made to the Company, each applicable Bank shall transfer its ratable share of such Advance to Administrative Agent the appropriate Servicing Bank by Federal Reserve wire transfer or, in the event of a failure of the Federal Reserve wire transfer system, in other immediately available funds via the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system or otherwisefunds.