Common use of Notice to Banks; Funding of Loans Clause in Contracts

Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's share (if any) of such Borrowing and such Notice of Borrowing shall not thereafter be revocable by the Borrower. (b) Not later than 12:00 Noon (New York City time) on the date of each Borrowing (or, in the case of payments in an Alternative Currency, such other time as the Agent may determine to be customary for payments in such Alternative Currency), each Bank participating therein shall make available its share of such Borrowing, (i) in the case of payments in Dollars, in Federal or other funds immediately available in New York City, and (ii) in the case of payments in an Alternative Currency, in such funds as are at the time customary for the international settlement of payments in such currency, to the Agent at the Payment Office. Unless the Agent determines that any applicable condition specified in Article 3 has not been satisfied, the Agent will make the funds so received from the Banks available to the Borrower at the Payment Office. (c) Unless the Agent shall have received notice from a Bank prior to the date of any Borrowing that such Bank will not make available to the Agent such

Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's share (if any) of such Borrowing and such Notice of Borrowing shall not thereafter be revocable by the Borrower. (b) Not later than 12:00 Noon (New York City time) on the date of each Borrowing (or, in the case of payments in an Alternative Currency, such other time as the Agent may determine to be customary for payments in such Alternative Currency), each Bank participating therein shall make available its share of such Borrowing, (i) in the case of payments in Dollars, in Federal or other funds immediately available in New York City, and (ii) in the case of payments in an Alternative Currency, in such funds as are at the time customary for the international settlement of payments in such currency, to the Agent at the Payment Office. Unless the Agent determines that any applicable condition specified in Article 3 has not been satisfied, the Agent will make the funds so received from the Banks available to the Borrower at the Payment Office. (c) Unless the Agent shall have received notice from a Bank prior to the date of any Borrowing that such Bank will not make available to the Agent such Bank's share of such Borrowing, the Agent may assume that such Bank has made such share available to the Agent on the date of such Borrowing in accordance with subsection 2.05(b) of this Section and the Agent may, in reliance upon such

Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's share (if any) of such Borrowing and such Notice of Borrowing shall not thereafter be revocable by the Borrower. (b) Not later than 12:00 Noon (New York City time) on the date of each Borrowing (or, in the case of payments in an Alternative Currency, such other time as the Agent may determine to be customary for payments in such Alternative Currency)Borrowing, each Bank participating therein shall (except as provided in subsection (c) of this Section) make available its share of such Borrowing, (i) in the case of payments in Dollars, in Federal or other funds immediately available in New York City, and (ii) in the case of payments in an Alternative Currency, in such funds as are at the time customary for the international settlement of payments in such currency, to the Agent at the Payment Officeits address referred to in Section 9.01. Unless the Agent determines that any applicable condition specified in Article 3 III has not been satisfied, the Agent will make the funds so received from the Banks available to the Borrower at the Payment OfficeAgent's aforesaid address. (c) If any Bank makes a new Loan hereunder on a day on which the Borrower is to repay all or any part of an outstanding Loan from such Bank, such Bank shall apply the proceeds of its new Loan to make such repayment and only an amount equal to the difference (if any) between the amount being borrowed and the amount being repaid shall be made available by such Bank to the Agent as provided in subsection (b), or remitted by the Borrower to the Agent as provided in Section 2.12, as the case may be. (d) Unless the Agent shall have received notice from a Bank prior to the date of any Borrowing that such Bank will not make available to the Agent suchsuch Bank's share

Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's share (if any) of such Borrowing and such Notice of Borrowing shall not thereafter be revocable by the Borrower. (b) Not later than (x) 12:00 Noon (New York City time) on the date of each Borrowing other than a Base Rate Borrowing and (or, in y) 1:00 P.M. (New York City time) on the case date of payments in an Alternative Currency, such other time as the Agent may determine to be customary for payments in such Alternative Currency)each Base Rate Borrowing, each Bank participating therein shall make available its share of such Borrowing, (i) in the case of payments in Dollars, in Federal or other funds immediately available in New York City, and (ii) in the case of payments in an Alternative Currency, in such funds as are at the time customary for the international settlement of payments in such currency, to the Agent at the Payment Officeits address referred to in Section 9.01. Unless the Agent determines that any applicable condition specified in Article 3 has not been satisfied, the Agent will will, promptly upon receipt thereof, make the funds so received from the Banks available to the Borrower at the Payment OfficeAgent's aforesaid address. (c) Unless the Agent shall have received notice from a Bank prior to the date of any Borrowing that such Bank will not make available to the Agent such.

Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's share (if any) of such Borrowing and such Notice of Borrowing shall not thereafter be revocable by the Borrower. (b) Not later than 12:00 Noon (New York City time) on the date of each Borrowing (or, in the case of payments in an Alternative Currency, such other time as the Agent may determine to be customary for payments in such Alternative Currency)Borrowing, each Bank participating therein shall make available its share of such Borrowing, (i) in the case of payments in Dollars, in Federal or other funds immediately available in New York City, and (ii) in the case of payments in an Alternative Currency, in such funds as are at the time customary for the international settlement of payments in such currency, to the Agent at the Payment Officeits address specified in or pursuant to Section 9.01. Unless the Agent determines that any applicable condition specified in Article 3 III has not been satisfied, the Agent will make the funds so received from the Banks available to the Borrower at the Payment OfficeAgent's aforesaid address. (c) Unless the Agent shall have received notice from a Bank prior to the date of any Borrowing that such Bank will not make available to the Borrower until the date such amount is repaid to the Agent, at (i) in the case of the Borrower, a rate per annum equal to the higher of the Federal Funds Rate and the interest rate applicable thereto pursuant to Section 2.07 and (ii) in the case of such Bank, the Federal Funds Rate. If such Bank shall repay to the Agent suchsuch corresponding amount, such amount so repaid shall constitute such Bank's Loan included in such Borrowing for purposes of this Agreement.