Funding Time definition

Funding Time for each Type of Loan and each Currency, the Funding Time set forth in respect thereof in the Administrative Schedule.

Funding Time. (i) for each Type of Committed Rate Loan and each Currency, the Funding Time set forth in respect thereof in the Administrative Schedule and (ii) for each Competitive Advance Loan, as agreed by the Borrower that borrows such Competitive Advance Loan, the Bank that makes such Competitive Advance Loan and the Administrative Agent.

Funding Time has the meaning ascribed to it in Section 2.2;

Examples of Funding Time in a sentence

• Before the Funding Time for the applicable Currency, each Bank whose Competitive Advance Loan Offer has been accepted shall make available to the Administrative Agent for the account of the Specified Borrower at the Funding Office for the applicable Currency the amount of Competitive Advance Loans in the applicable Currency to be made by such Bank, in immediately available funds.

• Subject to the terms and conditions hereof, each Bank that has a Revolving Commitment in the relevant Currency will make its Revolving Borrowing Percentage of each such borrowing available to the Administrative Agent for the account of such Specified Borrower at the Funding Office, and at or prior to the Funding Time, for the Currency of such Loan in funds immediately available to the Administrative Agent in the applicable Currency.

• Subject to the terms and conditions hereof, on the Borrowing Date of each Swing Line Loan, the relevant Swing Line Bank shall make the proceeds thereof available to the relevant Specified Borrower in immediately available funds in Dollars by the Funding Time in accordance with the wire instructions for remittance specified by the Specified Borrower in the Notice of Swing Line Borrowing.

• Unless any of the events described in Section 12(g) in respect of the Company or such Specified Borrower shall have occurred (in which case the procedures of subsection 4.4(b) shall apply), each Bank shall make the amount of such Committed Rate Loan available to the Administrative Agent at the Funding Office, and at or prior to the Funding Time, for the Currency of such Loan in funds immediately available to the Administrative Agent.

• Subject to the terms and conditions hereof, each Bank that has a Commitment in the relevant Currency will make its Borrowing Percentage of each such borrowing available to the Administrative Agent for the account of such Specified Borrower at the Funding Office, and at or prior to the Funding Time, for the Currency of such Loan in funds immediately available to the Administrative Agent in the applicable Currency.

More Definitions of Funding Time

Funding Time means the time identified by the Network for the payment of amounts due to the Network on any day.

Funding Time means 4:00 p.m. (Calgary Time) on the Funding Date;

Funding Time means [[11:00 pm][insert in case of a Share: 7:30 am] [insert other time] (Frankfurt time)] [insert other time].

Funding Time has the meaning set forth in Section 6(c);

Funding Time means the time on the Effective Date (or such earlier date as may be mutually agreed to by the Parties in writing) when the Funding Transaction set out in section 2.9(3)(a) of the Arrangement Agreement has been consummated.

Funding Time means, for the borrowing of each type of Loan and each Currency, the time by which each Bank shall make its Pro Rata Share of such borrowing available to the Administrative Agent in the applicable Currency, as set forth in Annex III to this Agreement.

Funding Time. 2:00 P.M., New York City time.