Advance of Loans. (a) Upon a Loan made available by each Lender pursuant to clause 5.4 (Lender’s participation), the proceeds under such Loan shall be applied as follows:
Advance of Loans. (a) The Facility Agent must promptly and in any event one (1) Business Day before the Rate Fixing Day notify each Lender of the details of the requested Loan and the amount of its share in that Loan.
Advance of Loans. (a) The Facility Agent must promptly notify each Lender of the details of the requested Loan and the amount of its share in that Loan.
Advance of Loans. Subject to the terms and conditions set forth in this Agreement, Lenders hereby severally agree to make the Loans to Borrower on the Closing Date. Loans under this Agreement shall be made by Lenders simultaneously and in the full amount of their respective Commitments, it being understood that no Lender shall be responsible for any failure by any other Lender to perform its obligation to make a Loan hereunder and that the Commitment of any Lender shall not be increased or decreased as a result of the failure by any other Lender to perform its obligation to make a Loan. The Loans may be voluntarily prepaid pursuant to SECTION 2.6.1 and, any amounts so prepaid may not be reborrowed. The principal balance of the Loans shall be payable in full on the Termination Date. The Loans will be evidenced by the Loan Notes.
Advance of Loans. The Agent shall promptly notify each Lender of the details of the requested Loans. Subject to the terms of this Agreement:
Advance of Loans. (a) The Facility Agent must promptly and in any event one (1) Business Day before the Rate Fixing Day notify each Lender of the details of the requested Drawing and the amount of its share in that Drawing.
Advance of Loans. Subject to the terms of this Agreement, each Bank shall make its participation in each Loan available to the Agent for the Borrower on the relevant Drawdown Date.
Advance of Loans. (a) The Facility Agent must promptly and in any event three (3) Business Days before the proposed date for the borrowing notify each Lender of the details of the requested Drawing and the amount of its share in that Drawing.
Advance of Loans. (a) The Facility Agent must promptly notify each Lender of the details of a requested Loan and the amount of its share in that Loan.
Advance of Loans. Each Lender acknowledges that on the Drawdown Date, the Paying Agent may, unless notified by any Lender that its Loan will not be advanced, make available to Southland the full amount of the drawdown without prior confirmation of actual receipt of funds from each Lender. In the event any Lender shall not make available its Commitment, such Lender agrees to pay to the Paying Agent the amount of the costs reasonably incurred in obtaining and maintaining funds to cover the deficiency and such Lender agrees that during the period when the cost of such funding is borne by another party, that party shall be entitled to the interest on the Loans unless and until the funding and costs of funding are paid to the satisfaction of the Paying Agent by the Lender which has breached its Commitment.
