Notice to Lenders; Funding of Loans Sample Clauses
Notice to Lenders; Funding of Loans. (a) Upon receipt of a Notice of Borrowing, the Administrative Agent shall promptly notify each Lender of the contents thereof and of such Lender's share (if any) of such Borrowing and such Notice of Borrowing shall not thereafter be revocable by the Borrower.
(b) Not later than 11:00 A.M. (California local time) on the date of each Borrowing, if such Borrowing is to be made in Dollars, each Lender participating therein shall (except as provided in subsection (c) of this Section) make available its share of such Borrowing in Dollars, in federal or other funds immediately available to the Administrative Agent at its address referred to in Section 9.01. Unless the Administrative Agent determines that any applicable condition specified in Article III has not been satisfied, the Administrative Agent will make the funds so received from the Lenders available to the Borrower at the Administrative Agent's aforesaid address or place.
(c) If any Lender makes a new Loan hereunder on a day on which the Borrower is to repay all or any part of an outstanding Loan from such Lender, such Lender shall apply the proceeds of its new Loan to make such repayment and only an amount equal to the difference (if any) between the amount being borrowed and the amount being repaid shall be made available by such Lender to the Administrative Agent as provided in subsection (b), or remitted by the Borrower to the Administrative Agent as provided in Section 2.17, as the case may be.
(d) Unless the Administrative Agent shall have received notice from a Lender prior to the date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender's share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available to the Administrative Agent on the date of such Borrowing in accordance with subsections (b) and (c) of this Section 2.06 and the Administrative Agent may, in reliance upon such assumption, make available to the Borrower on such date a corresponding amount. If and to the extent that such Lender shall not have so made such share available to the Administrative Agent, such Lender and the Borrower severally agree to repay to the Administrative Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to the Borrower until the date such amount is repaid to the Administrative Agent, at (i) in the case of the Borrower, a rate per annum...
Notice to Lenders; Funding of Loans. Upon receipt of a Notice of Borrowing, the Applicable Agent shall promptly notify each Lender of the contents thereof and of such Lender's share (if any) of such Borrowing and such Notice of Borrowing shall not thereafter be revocable by the applicable Borrower.
Notice to Lenders; Funding of Loans. (a) Upon receipt of a Notice of Borrowing, the Administrative Agent shall promptly (but in any event on the same day such Notice of Borrowing is received by the Administrative Agent) notify each Lender participating therein of the contents thereof and of such Xxxxxx’s ratable share of such Borrowing.
(b) On the date of each Borrowing (other than a Borrowing of Swingline Loans), each Lender participating therein shall make available its ratable share of such Borrowing not later than (w) 1:30 P.M. (New York City time) on the date of each Borrowing denominated in Dollars, (x) 1:30 P.M. (London time) on the date of each Borrowing denominated in Euros, (y) 1:30 P.M. (London time) on the date of each Borrowing denominated in Pounds Sterling and (z) 1:30 P.M. (local time) on the date of each Borrowing denominated in an Alternative Currency (other than Euro and Pounds Sterling) in funds immediately available to the Administrative Agent at its office specified in or pursuant to Section 11.01 for the relevant currency. Unless the Administrative Agent determines that any applicable condition specified in Article 3 has not been satisfied, the Administrative Agent shall make such aggregate funds available to the applicable Borrower by depositing the proceeds thereof, in like funds as received by the Administrative Agent, in the account of such Borrower with the Administrative Agent as promptly as practicable, but in no event later than (w) 2:00 P.M. (New York City time) on the date of each Borrowing denominated in Dollars, (x) 2:00 P.M. (London time) on the date of each Borrowing denominated in Euros, (y) 2:00 P.M. (London time) on the date of each Borrowing denominated in Pounds Sterling and (z) 2:00 P.M. (local time) on the date of each Borrowing denominated in an Alternative Currency (other than Euro and Pounds Sterling). On the date of each Borrowing of Swingline Loans, the applicable Swingline Lender shall make available its Borrowing not later than (x) 4:00 P.M. (New York City time) in the case of each Swingline Loan denominated in Dollars and (y) 4:00 P.M. (London time) in the case of each Swingline Loan denominated in Euro, in immediately available funds to the account of the applicable Borrower.
(c) Unless the Administrative Agent shall have received notice from a Lender, prior to (w) 1:30 P.M. (New York City time) on the date of each Borrowing denominated in Dollars, (x) 1:30 P.M. (London time) on the date of each Borrowing denominated in Euros, (y) 1:30 P.M....
Notice to Lenders; Funding of Loans. (a) Upon receipt of such Notice of Borrowing from the Borrower in accordance with Section 2.2 hereof, the Administrative Agent shall, on the date such Notice of Borrowing is received by the Administrative Agent, notify each applicable Lender of the contents thereof and of such Lender's share of such Borrowing.
(b) Not later than 1:00 p.m. (Minneapolis time) on the date of such Borrowing as indicated in such Notice of Borrowing, each Lender shall make available its share of such Borrowing in Federal funds immediately available in New York, New York, to the Administrative Agent at its address referred to in Section 8.1.
(c) Subject to the provisions hereof and if received from the Lenders, the Administrative Agent shall make available such Borrowing to the Borrower in accordance with, and on the date set forth in, such Notice of Borrowing.
Notice to Lenders; Funding of Loans. (a) Upon receipt of a Notice of Borrowing, the Administrative Agent shall promptly notify each Lender of the contents thereof and of such Lender’s share of such Borrowing and such Notice of Borrowing shall not thereafter be revocable by the Borrower.
(b) On the date of each Borrowing, each Lender participating therein shall make available its ratable share of such Borrowing:
(A) if such Borrowing is to be made in Dollars, not later than 2:00 P.M. (New York City time), in Federal or other funds immediately available in New York City, to the Administrative Agent at its New York Office; or
(B) if such Borrowing is to be made in an Alternative Currency, in such Alternative Currency (in such funds as may then be customary for the settlement of international transactions in such Alternative Currency) to the account of the Administrative Agent at its London Office. Unless the Administrative Agent determines that any applicable condition specified in Article 3 has not been satisfied or waived in accordance with Section
Notice to Lenders; Funding of Loans. Upon receipt of a notice for borrowing, the Agent shall, as soon as practicable, notify Atlantic (and the Atlantic Agent), Lyon (and the Lyon Agent) or each Lender, as the case may be, by telephone or telecopy with respect to the contents thereof. Atlantic and Lyon each shall promptly, but not later than 10:00 a.m. (New York time) on the date requested by the Borrower for such Loan, advise the Agent whether it will make the requested Loan. If Atlantic and Lyon each advises the Agent that it will not make the requested Loan, the Agent shall promptly send such Request for Loan to the Lenders (with a copy to the Borrower, Atlantic and Lyon) and such request shall be deemed to be, and shall be treated as, a request by the Borrower for a Domestic Loan in a principal amount equal to the amount of the Loan which was initially requested from Atlantic and Lyon. Atlantic, Lyon or each Lender shall, not later than 2:00 p.m. (New York time), on the date of a proposed borrowing, provide to the Agent at the Agent's office immediately available funds in a pro rata amount equal, in the case of Atlantic and Lyon, to such requested Loan, or, in the case of the Lenders, to such Lender's Commitment Percentage of the principal amount of the requested borrowing. To the extent funds are received from Atlantic, Lyon or the Lenders, the Agent shall pay over as soon as practicable (but in no event later than the same Business Day) such funds to the Borrower upon satisfaction of the conditions precedent set forth in SECTION 4.2
Notice to Lenders; Funding of Loans. (a) Upon receipt of a Notice of Borrowing, the Administrative Agent shall promptly notify each Lender of the contents thereof and of such Lender's share (if any) of such Borrowing and such Notice of Borrowing shall not thereafter be revocable by the Borrower.
(b) Not later than 2:00 P.M. (New York City time) on the date of each Borrowing, each Lender participating therein shall make available its share of such Borrowing, in federal or other funds immediately available in New York
Notice to Lenders; Funding of Loans. (a) Upon receipt of a notice from Borrower in accordance with Section 2.2 hereof (each such notice being a "Notice of Borrowing"), the Administrative Agent shall, on the date such Notice of Borrowing is received by the Administrative Agent, promptly notify each Lender of the contents thereof and of such Lender's share of such Borrowing, and such Notice of Borrowing shall not thereafter be revocable by the Borrower, unless Borrower shall pay any applicable expenses pursuant to Section 2.13.
(b) Not later than 1:00 p.m. (New York time) on the date of each Borrowing as indicated in the Notice of Borrowing, each Lender shall make available its share of such Borrowing in Federal funds immediately available in New York, to the Administrative Agent at its address referred to in Section 9.1. Upon any change in any of the Commitments in accordance herewith, there shall be an automatic adjustment to such participations to reflect such changed shares.
Notice to Lenders; Funding of Loans. 16 Section 2.04.Registry; Notes 17 Section 2.05.Maturity of Loans 18 Section 2.06.Interest Rates 18 Section 2.07.Ticking Fee. 19 Section 2.08.[Reserved]. 19
Notice to Lenders; Funding of Loans. (a) Upon receipt of a Notice of Revolving Credit Borrowing, the Administrative Agent shall notify each Lender of the contents thereof by 12:00 noon (Central Standard Time) on the date of the Administrative Agent's receipt thereof if received by the Administrative Agent at or prior to 10:00 a.m. (Central Standard Time) on a Business Day or by 10:00 a.m. (Central Standard Time) on the first Business Day after the date of the Administrative Agent's receipt thereof if received by the Administrative Agent after 10:00 a.m. (Central Standard Time) on a Business Day or on a day which is not a Business Day, and of such Lender's share of such Borrowing and such Notice of Revolving Credit Borrowing shall not thereafter be revocable by the Borrower. If the Notice of Revolving Credit Borrowing is in an Offshore Currency, the Administrative Agent shall notify each Lender of the Dollar Equivalent thereof and the applicable Spot Rate used by Administrative Agent to determine the Dollar Equivalent amount.
(b) Upon receipt of a Notice of Swing Line Borrowing, the Administrative Agent shall promptly notify the Swing Line Lender of the contents thereof and such Notice of Swing Line Borrowing shall not thereafter be revocable by the Borrower.
(c) Upon receipt of a Notice of Fronted Offshore Currency Borrowing, the Administrative Agent shall promptly notify the Offshore Currency Fronting Lender of the contents thereof and such Notice of Fronted Offshore Currency Borrowing shall not thereafter be revocable by the Borrower.
(d) Not later than 2:00 p.m. (Central Standard Time) on the date of each Revolving Credit Loan, each Lender shall (except as provided in subsection (e) of this Section) make available its share of such Borrowing, in Federal or other funds immediately available in Denver, Colorado, to the Administrative Agent at its Payment Office. Unless the Administrative Agent has received written notice from Borrower or any Lender, or otherwise determines, that any applicable condition specified in Article III has not been satisfied, the Administrative Agent will make the funds so received from the Lenders available to the Borrower at the Administrative Agent's aforesaid address.
(e) Not later than 2:00 p.m. (Central Standard Time) on the date of each Swing Line Loan, the Swing Line Lender shall make available the principal amount of such Swing Line Loan, in Federal or other funds immediately available in Denver, Colorado, to the Administrative Agent at its Payment Office. ...