Notification of Advance Request Sample Clauses

Notification of Advance Request. Each submission of a wholesale invoice by a Borrower under Section 5 hereof shall be a request for an Advance in respect thereof. The Administrative Agent agrees to reasonably promptly review each such wholesale invoice and reasonably promptly determine whether to reject or approve such wholesale invoice, as provided for in Section 6 hereof. If the Administrative Agent shall determine to issue a “booking” approval in respect of such wholesale invoice, as provided for in Section 6 hereof, it shall reasonably promptly send a copy of such “booking” approval to each Lender. The Administrative Agent shall cause any such “booking” approval to be sent to each Lender not later than one business day prior to the Funding Date in respect of the Advance identified in such approval. Subject to the second paragraph of this clause (a), each Lender agrees to fund to the Administrative Agent (in immediately available funds) its Pro Rata Share of the Advance identified in such approval on the Funding Date in respect thereof. The Administrative Agent shall deliver to the applicable Borrower on the Funding Date the immediately available funds received from the Lenders in respect of any wholesale invoice of such Borrower and the approval issued in respect thereof. The Administrative Agent shall not be obligated to fund any portion of an Advance for which one or more Lenders shall have failed under this paragraph to deliver their Pro Rata Share thereof (an “Unfunded Portion of an Advance”). The Administrative Agent may request one or more other Lenders to fund any such Unfunded Portion of an Advance but shall be under no obligation to do so and no such other Lender shall be under any obligation under this paragraph to fund any such Unfunded Portion of an Advance. For so long as Textron Financial Corporation shall be the Administrative Agent and Textron Financial shall be a Lender and subject at all times to the terms and conditions of this paragraph, Textron Financial agrees to fund to the Administrative Agent the Pro Rata Share of each Lender other than Textron Financial (each, an “Other Lender”) in respect of each Advance identified in an applicable “booking” approval on the Funding Date in respect thereof, provided that each such Advance is being made by the Administrative Agent in accordance with the terms and conditions of this Agreement. With respect to each such Advance, each Other Lender agrees to deliver to Textron Financial, as provided for in Part II on the Schedule ...
Sample 1
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Notification of Advance Request. When the Borrower gives the Administrative Agent notice that it desires an Advance hereunder, the Administrative Agent shall promptly notify each of the Lenders of the notice for an Advance from such Lender, which notice shall specify the amount of the Advance desired from such Lender and the amount of such Lender's Pro Rata Share of the requested advance.
Sample 1
Notification of Advance Request. When GSRP gives the Administrative Agent notice that it desires an Advance hereunder, the Administrative Agent shall promptly notify each of the Lenders of the notice for an Advance from such Lender, which notice shall specify the amount of the Advance desired from such Lender and the amount of such Lender's Pro Rata Share of the requested advance (based upon the Project to which such Advance relates).
Sample 1

Related to Notification of Advance Request

  • Advance Request To obtain a Term Loan Advance, Borrower shall complete, sign and deliver an Advance Request (at least one (1) Business Day before the Closing Date and at least five (5) Business Days before each Advance Date other than the Closing Date) to Agent. The Lenders shall fund the Term Loan Advance in the manner requested by the Advance Request provided that each of the conditions precedent to such Term Loan Advance is satisfied as of the requested Advance Date.

  • Disbursement of Advance Subject to the provisions of this Agreement, the Agent shall on each Drawdown Date pay to the Borrower the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrower shall be made:

  • Notice of Borrowing The Borrower shall request a Revolving Loan borrowing by written notice (or telephonic notice promptly confirmed in writing) to the Agent not later than 11:00 A.M. (Charlotte, North Carolina time) on the Business Day prior to the date of the requested borrowing in the case of Base Rate Loans, and on the third Business Day prior to the date of the requested borrowing in the case of Eurodollar Loans. Each such request for borrowing shall be irrevocable and shall specify (A) that a Revolving Loan is requested, (B) the date of the requested borrowing (which shall be a Business Day), (C) the aggregate principal amount to be borrowed, and (D) whether the borrowing shall be comprised of Base Rate Loans, Eurodollar Loans or a combination thereof, and if Eurodollar Loans are requested, the Interest Period(s) therefor. If the Borrower shall fail to specify in any such Notice of Borrowing (I) an applicable Interest Period in the case of a Eurodollar Loan, then such notice shall be deemed to be a request for an Interest Period of one month, or (II) the type of Revolving Loan requested, then such notice shall be deemed to be a request for a Base Rate Loan hereunder. The Agent shall give notice to each affected Lender promptly upon receipt of each Notice of Borrowing pursuant to this Section 2.1(b)(i), the contents thereof and each such Lender’s share of any borrowing to be made pursuant thereto.

  • Borrowing Request The Administrative Agent shall have received a Borrowing Request in accordance with Section 2.03.

  • Request for Advance Subject to the following conditions, the Borrower may request an Advance to be made by ensuring that the Lender receives a completed Drawdown Notice not later than 11.00 a.m. (London time) 3 Business Day prior to the intended Drawdown Date.

  • Request for Borrowing The Administrative Agent shall have received a Request for Borrowing or Request for Letter of Credit, together with a Borrowing Base Certificate;

  • Borrowing Requests Whenever the Borrower desires to make a ------------------ Borrowing hereunder, it shall give Advance Notice in the form of a Borrowing Request, specifying, subject to the provisions hereof, (i) the aggregate principal amount of the Loans to be made pursuant to such Borrowing, (ii) the date of Borrowing (which shall be a Business Day), (iii) whether the Loans being made pursuant to such Borrowing are to be ABR Loans or Eurodollar Loans, and (iv) in the case of Eurodollar Loans, the Interest Period to be applicable thereto.

  • Borrowing/Election Notice The Borrower shall give the Administrative Agent an irrevocable Borrowing/Election Notice of each conversion of a Floating Rate Loan into a Eurodollar Rate Loan or continuation of a Eurodollar Rate Loan not later than 11:00 a.m. (Chicago time) three (3) Business Days prior to the date of the requested conversion or continuation, specifying: (i) the requested date (which shall be a Business Day) of such conversion or continuation; (ii) the amount and Type of the Loan to be converted or continued; and (iii) the amount of Eurodollar Rate Loan(s) into which such Loan is to be converted or continued, and the duration of the Interest Period applicable thereto.

  • Content of Borrowing Requests Each telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02:

  • Borrowing Notice The Borrower shall deliver to the Agent and the Swing Line Lender irrevocable notice (a "Swing Line Borrowing Notice") not later than noon (Chicago time) on the Borrowing Date of each Swing Line Loan, specifying (i) the applicable Borrowing Date (which date shall be a Business Day), and (ii) the aggregate amount of the requested Swing Line Loan which shall be an amount not less than $100,000. The Swing Line Loans shall bear interest at the Floating Rate.

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