Common use of Refunding Loans Clause in Contracts

Refunding Loans. In its sole and absolute discretion, Hxxxxx Bank may at any time, on behalf of the Borrower (which hereby irrevocably authorizes Hxxxxx Bank to act on its behalf for such purpose), request each Bank to make a Revolving Loan in an amount equal to such Bank's Percentage of the amount of the Swingline Loans outstanding on the date such notice is given. Borrowings of Revolving Loans under this Section shall initially constitute Domestic Rate Loans unless timely notice is given pursuant to Section 1.7 hereof. Unless any of the conditions of Section 6 are not fulfilled on such date, each Bank shall make the proceeds of its requested Revolving Loan available to the Administrative Agent, in immediately available funds, at the principal office of the Administrative Agent in Chicago, Illinois, before 12:00 Noon (Chicago time) on the Business Day following the day such notice is given. The proceeds of such Revolving Loans shall be immediately applied to repay the outstanding Swingline Loans.

Appears in 2 contracts

Samples: Multicurrency Credit Agreement (Jones Lang Lasalle Inc), Credit Agreement (Jones Lang Lasalle Inc)

AutoNDA by SimpleDocs

Refunding Loans. In its sole and absolute discretion, Hxxxxx Xxxxxx Bank may at any time, on behalf of the Borrower (which hereby irrevocably authorizes Hxxxxx Xxxxxx Bank to act on its behalf for such purpose), request each Bank to make a Revolving Loan in an amount equal to such Bank's Percentage of the amount of the Swingline Loans outstanding on the date such notice is given. Borrowings of Revolving Loans under this Section shall initially constitute Domestic Rate Loans unless timely notice is given pursuant to Section 1.7 1.6 hereof. Unless any of the conditions of Section 6 are not fulfilled on such date, each Bank shall make the proceeds of its requested Revolving Loan available to the Administrative Agent, in immediately available funds, at the principal office of the Administrative Agent in Chicago, Illinois, before 12:00 Noon (Chicago time) on the Business Day following the day such notice is given. The proceeds of such Revolving Loans shall be immediately applied to repay the outstanding Swingline Loans.

Appears in 2 contracts

Samples: Multicurrency Credit Agreement (Jones Lang Lasalle Inc), Multicurrency Credit Agreement (Jones Lang Lasalle Inc)

Refunding Loans. In its sole and absolute discretion, Hxxxxx Bank Harrxx Xxxk may at any time, on behalf of the Borrower Borrowers (which hereby irrevocably authorizes Hxxxxx Bank authorize Harrxx Xxxk to act on its their behalf for such purpose), request each Bank Lender to make a Borrowing of Revolving Loan Loans in an amount equal to such BankLender's Percentage pro rata share of the amount of the Swingline Swing Line Loans outstanding on the date such notice is given. Borrowings of Revolving Loans under this Section 1.2-A(e) shall initially constitute bear interest at the Domestic Rate Loans unless timely notice is given pursuant to Section 1.7 2.4 hereof. Unless any of the conditions of Section 6 are not fulfilled on such date, each Bank Lender shall make the proceeds of its requested Revolving Loan available to the Administrative AgentHarrxx Xxxk, in immediately available funds, at the principal office of the Administrative Agent Harrxx Xxxk in Chicago, Illinois, before 12:00 Noon 11:00 a.m. (Chicago time) on the Business Day following the day such notice is given. The proceeds of such Revolving Loans shall be immediately applied to repay the outstanding Swingline Swing Line Loans.

Appears in 1 contract

Samples: Credit Agreement (Acme Metals Inc /De/)

Refunding Loans. In its sole and absolute discretion, Hxxxxx Xxxxxx Bank may at any time, on behalf of the Borrower (which hereby irrevocably authorizes Hxxxxx Xxxxxx Bank to act on its behalf for such purpose), request each Bank to make a Revolving Loan in an amount equal to such Bank's Percentage of the amount of the Swingline Swing Loans outstanding on the date such notice is given. Borrowings of Revolving Loans under this Section 1.1(b)(iv) shall initially constitute be Domestic Rate Loans unless timely notice is given pursuant to Section 1.7 1.5 hereof. Unless any of the conditions of Section 6 are not fulfilled on such date, each Bank shall make the proceeds of its requested Revolving Loan available to the Administrative AgentXxxxxx Bank, in immediately available funds, at the principal office of the Administrative Agent Xxxxxx Bank in Chicago, Illinois, before 12:00 Noon 11:00 a.m. (Chicago time) on the Business Day following the day such notice is given. The proceeds of such Revolving Loans shall be immediately applied to repay the outstanding Swingline Swing Loans.

Appears in 1 contract

Samples: Credit Agreement (Atchison Casting Corp)

Refunding Loans. In its sole and absolute discretion, Hxxxxx Xxxxxx Bank may at any time, on behalf of the Borrower (which hereby irrevocably authorizes Hxxxxx Xxxxxx Bank to act on its behalf for such purpose), request each Bank to make a Revolving Loan in an amount equal to such Bank's Percentage of the amount of the Swingline Loans outstanding on the date such notice is given. Borrowings of Revolving Loans under this Section 1.2(e) shall initially constitute Domestic Rate Loans unless timely notice is given pursuant to Section 1.7 1.6 hereof. Unless any of the conditions of Section 6 are not fulfilled on such date, each Bank shall make the proceeds of its requested Revolving Loan available to the Administrative Agent, in immediately available funds, at the principal office of the Administrative Agent in Chicago, Illinois, before 12:00 Noon noon (Chicago time) on the Business Day following the day such notice is given. The proceeds of such Revolving Loans shall be immediately applied to repay the outstanding Swingline Loans.

Appears in 1 contract

Samples: Jones Lang Lasalle Inc

AutoNDA by SimpleDocs

Refunding Loans. In its sole and absolute discretion, Hxxxxx Bank Harrxx Xxxk may at any time, on behalf of the Borrower Borrowers (which hereby irrevocably authorizes Hxxxxx Bank authorize Harrxx Xxxk to act on its their behalf for such purpose), request each Bank Lender to make a Borrowing of Revolving Loan Loans in an amount equal to such BankLender's Percentage pro rata share of the amount of the Swingline Swing Line Loans outstanding on the date such notice is given. Borrowings of Revolving Loans under this Section 1.4(e) shall initially constitute bear interest at the Domestic Rate Loans unless timely notice is given pursuant to Section 1.7 2.4 hereof. Unless any of the conditions of Section 6 are not fulfilled on such date, each Bank Lender shall make the proceeds of its requested Revolving Loan available to the Administrative AgentHarrxx Xxxk, in immediately available funds, at the principal office of the Administrative Agent Harrxx Xxxk in Chicago, Illinois, before 12:00 Noon 11:00 a.m. (Chicago time) on the Business Day following the day such notice is given. The proceeds of such Revolving Loans shall be immediately applied to repay the outstanding Swingline Swing Line Loans.

Appears in 1 contract

Samples: Credit Agreement (Acme Metals Inc /De/)

Refunding Loans. In its sole and absolute discretion, Hxxxxx Bank the Administrative Agent may at any time, on behalf of the Borrower (which hereby irrevocably authorizes Hxxxxx Bank the Administrative Agent to act on its behalf for such purpose), request each Bank to make a Revolving Loan in an amount equal to such Bank's Percentage of the amount of the Swingline Loans outstanding on the date such notice is given. Borrowings of Revolving Loans under this Section 1.2(e) shall initially constitute Domestic Rate Loans unless timely notice is given pursuant to Section 1.7 1.6 hereof. Unless any of the conditions of Section 6 are not fulfilled on such date, each Bank shall make the proceeds of its requested Revolving Loan available to the Administrative Agent, in immediately available funds, at the principal office of the Administrative Agent in Chicago, Illinois, before 12:00 Noon noon (Chicago time) on the Business Day following the day such notice is given. The proceeds of such Revolving Loans shall be immediately applied to repay the outstanding Swingline Loans.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Jones Lang Lasalle Inc)

Refunding Loans. In its sole and absolute discretion, Hxxxxx Bank Harrxx Xxxk may at any time, on behalf of the Borrower (which hereby irrevocably authorizes Hxxxxx Bank Harrxx Xxxk to act on its behalf for such purpose), request each Bank to make a Revolving Loan Committed Loans in an amount equal to such Bank's Percentage of the amount of the Swingline Swing Loans outstanding on the date such notice is given. Borrowings of Revolving Committed Loans under this Section 1.2-A(e) shall initially constitute bear interest at the Domestic Rate Loans unless timely notice is given pursuant to Section 1.7 1.5 hereof. Unless any of the conditions of Section 6 are not fulfilled on such date, each Bank shall make the proceeds of its requested Revolving Committed Loan available to the Administrative AgentHarrxx Xxxk, in immediately available funds, at the principal office of the Administrative Agent Harrxx Xxxk in Chicago, Illinois, before 12:00 Noon 11:00 a.m. (Chicago time) on the Business Day following the day such notice is given. The proceeds of such Revolving Committed Loans shall be immediately applied to repay the outstanding Swingline Swing Loans.

Appears in 1 contract

Samples: Credit Agreement (Information Resources Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!