Common use of Payment of Advances to Administration Agent Clause in Contracts

Payment of Advances to Administration Agent. Each Lender shall, before 11:00 a.m. (Vancouver time) on the date of the requested Advance, pay to the Administration Agent in same day funds such Lender’s rateable portion of such Advance in: (a) Canadian Dollars, in the case of a Prime Rate Advance; and (b) US Dollars, in the case of a Base Rate Advance or a Libor Advance. Promptly upon receipt by the Administration Agent of such funds, and subject to the provisions of this Agreement, the Administration Agent will make such funds available to the Acquisition Borrower or the Operating Borrower, as the case may be.

Payment of Advances to Administration Agent. Each Lender shall, before 11:00 a.m. (Vancouver time) on the date of the requested Advance, pay to the Administration Agent in same day funds such Lender’s 's rateable portion of such Advance in: (a) Canadian Dollars, in the case of a Prime Rate Advance; and (b) US Dollars, in the case of a Base Rate Advance or a Libor Advance. Promptly upon receipt by the Administration Agent of such funds, and subject to the provisions of this Agreement, the Administration Agent will make such funds available to the Acquisition Borrower or the Operating Borrower, as the case may be.

Payment of Advances to Administration Agent. Each Lender shall, before 11:00 a.m. (Vancouver time) on the date of the requested Advance, pay to the Administration Agent in same day funds such Lender’s rateable portion of such Advance in: (a) Canadian Dollars, in the case of a Prime Rate Advance; and (b) US Dollars, in the case of a Base Rate Advance or a Libor Advance. Promptly upon receipt by the Administration Agent of such funds, and subject to the provisions of this Agreement, the Administration Agent will make such funds available to the Acquisition Borrower or the Operating BorrowerBorrowers, as the case may be.