Common use of Presumptions by the Administrative Agent Clause in Contracts

Presumptions by the Administrative Agent. Unless the Administrative Agent shall have received notice from a Lender prior to 1:00 p.m. on the proposed date of any Loan that such Lender will not make available to the Administrative Agent such Lender’s share of such Loan, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with Section 2.6.1 [Making Revolving Credit Loans] and may, in reliance upon such assumption, make available to the Borrower a corresponding

Appears in 2 contracts

Samples: Credit Agreement (CNX Resources Corp), Credit Agreement (CNX Midstream Partners LP)

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Presumptions by the Administrative Agent. Unless the Administrative Agent shall have received notice from a Lender prior to 1:00 p.m. on the proposed date time of any Loan Base Rate Loan, or, for Loans other than Base Rate Loans, prior to the close of business the day before the Borrowing Date, that such Lender will not make available to the Administrative Agent such Lender’s 's share of such Loan, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with Section 2.6.1 [Making Revolving Credit Loans] and may, in reliance upon such assumption, make available to the Borrower a correspondinga

Appears in 1 contract

Samples: Credit Agreement (Sun Hydraulics Corp)

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Presumptions by the Administrative Agent. Unless the Administrative Agent shall have received notice from a Lender prior to 1:00 p.m. on the proposed date of any Loan that such Lender will not make available to the Administrative Agent such LenderXxxxxx’s share of such Loan, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with Section 2.6.1 2.7(a) [Making Revolving Credit Loans] and may, in reliance upon such assumption, make available to the Borrower a correspondingsuch

Appears in 1 contract

Samples: Credit Agreement (Ipalco Enterprises, Inc.)

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