Common use of Central Standard Time Clause in Contracts

Central Standard Time. Funds received by Lender on a revolving credit facility shall be immediately available for re-advance under the provisions of this Agreement if made by wire transfer, cash or other method of ensuring funds immediately available to Lender. Payment made in funds not immediately available to Lender, shall not be available to Borrower for re-advance for two business days thereafter or until Lender has confirmed the availability of funds whichever is the last to occur.