Notification of Lenders. Upon receipt of a (i) Request for Advance or a telephone or telecopy request for Advance, or (ii) notification from an Issuing Bank that a draw has been made under any Letter of Credit, or (iii) notice from a Borrower with respect to any outstanding Advance prior to the Payment Date for such Advance, the Administrative Agent shall promptly notify each Lender by telephone or telecopy of the contents thereof and the amount of each Lender's portion of any such Advance. Each Lender shall, not later than 12:00 noon (Eastern time) on the date specified for such Advance in such notice, make available to the Administrative Agent at the Administrative Agent's office, or at such account as the Administrative Agent shall designate, the amount of such Lender's portion of the Advance in immediately available funds.
Appears in 3 contracts
Samples: Credit Agreement (Bull Run Corp), Credit Agreement (Bull Run Corp), Credit Agreement (Bull Run Corp)
Notification of Lenders. Upon receipt of a (i) Request for Advance or a telephone or telecopy request for Advance, or (ii) notification from an Issuing Bank that a draw has been made under any Letter of Credit, or (iii) notice from a the Borrower with respect to any outstanding Advance prior to the Payment Date for such Advance, the Administrative Agent shall promptly notify each Lender by telephone or telecopy of the contents thereof and the amount of each Lender's portion of any such Advance. Each Lender shall, not later than 12:00 noon 2:00 p.m. (Eastern New York time) on the date specified for such Advance in such notice, make available to the Administrative Agent at the Administrative Agent's office, or at such account as the Administrative Agent shall designate, the amount of such Lender's portion of the Advance in immediately available funds.
Appears in 2 contracts
Samples: Credit Agreement (Zenith Electronics Corp), Credit Agreement (Zenith Electronics Corp)
Notification of Lenders. Upon receipt of a (i) Request for Advance or a telephone or telecopy request for Advance, or (ii) notification from an Issuing Bank that a draw has been made under any Letter of Credit, or (iii) notice from a Borrower with respect to any outstanding Advance prior to the Payment Date for such Advance, the Administrative Agent shall promptly notify each Lender by telephone or telecopy of the contents thereof and the amount of each Lender's portion of any such Advance. Each Lender shall, not later than 12:00 noon (Eastern time) on the date specified for such Advance in such notice, make available to the Administrative Agent at the Administrative Agent's office, or at such account as the Administrative Agent shall designate, the amount of such Lender's portion of the Advance in immediately available funds.
Appears in 1 contract
Samples: Credit Agreement (Bull Run Corp)