Common use of Revolving Loan Advances, Payments and Settlements; Interest and Fee Payments Clause in Contracts

Revolving Loan Advances, Payments and Settlements; Interest and Fee Payments. (a) If the Administrative Agent elects to require that each Revolving Lender make funds available to the Administrative Agent, prior to a disbursement by the Administrative Agent to Borrower, the Administrative Agent shall advise each Revolving Lender by facsimile of the amount of such Revolving Lender’s Pro Rata Percentage of the Revolving Loan requested by Borrower no later than 1:00 p.m., New York City time, on the date of funding of such Revolving Loan, and each such Revolving Lender shall pay the Administrative Agent on such date such Revolving Lender’s Pro Rata Percentage of such requested Revolving Loan in accordance with Section 2.03. Nothing in this Section 10.12 or elsewhere in this Agreement or the other Loan Documents shall be deemed to require the Administrative Agent to advance funds on behalf of any Lender or to relieve any Lender from its obligation to fulfill its commitments hereunder or to prejudice any rights that the Administrative Agent or Borrower may have against any Lender as a result of any default by such Lender hereunder.

Revolving Loan Advances, Payments and Settlements; Interest and Fee Payments. (a) If the Administrative Agent elects to require that each Revolving Lender make funds available to the Administrative Agent, prior to a disbursement by the Administrative Agent to Borrower, the Administrative Agent shall advise each Revolving Lender by facsimile or, subject to Section 11.01(c), e-mail of the amount of such Revolving Lender’s Pro Rata Percentage of the Revolving Loan requested by Borrower no later than 1:00 p.m., New York City time, on the date of funding of such Revolving Loan, and each such Revolving Lender shall pay the Administrative Agent on such date such Revolving Lender’s Pro Rata Percentage of such requested Revolving Loan in accordance with Section 2.03. Nothing in this Section 10.12 or elsewhere in this Agreement or the other Loan Documents shall be deemed to require the Administrative Agent to advance funds on behalf of any Lender or to relieve any Lender from its obligation to fulfill its commitments hereunder or to prejudice any rights that the Administrative Agent or Borrower may have against any Lender as a result of any default by such Lender hereunder.

Revolving Loan Advances, Payments and Settlements; Interest and Fee Payments. (a) If the Administrative Agent elects to require that each Revolving Lender make funds available to the Administrative Agent, prior to a disbursement by the Administrative Agent to Borrower, the Administrative Agent shall advise each Revolving Lender by facsimile or, subject to Section 11.01(c), e-mail of the amount of such Revolving Lender’s 's Pro Rata Percentage of the Revolving Loan requested by Borrower no later than 1:00 p.m., New York City time, on the date of funding of such Revolving Loan, and each such Revolving Lender shall pay the Administrative Agent on such date such Revolving Lender’s 's Pro Rata Percentage of such requested Revolving Loan in accordance with Section 2.03. Nothing in this Section 10.12 or elsewhere in this Agreement or the other Loan Documents shall be deemed to require the Administrative Agent to advance funds on behalf of any Lender or to relieve any Lender from its obligation to fulfill its commitments hereunder or to prejudice any rights that the Administrative Agent or Borrower may have against any Lender as a result of any default by such Lender hereunder.