Common use of DISBURSEMENT OF FUNDS RECEIVED Clause in Contracts

DISBURSEMENT OF FUNDS RECEIVED. On the date requested by the Borrower for a Revolving Credit Borrowing, after the Agent's receipt of the funds representing a Bank's Ratable Portion of such Revolving Credit Borrowing and subject to the terms and conditions set forth in this Agreement, the Agent shall make such Revolving Credit Advance of such Bank available to the Borrower, in immediately available funds, by wire transfer or intrabank transfer to the Operating Account.

DISBURSEMENT OF FUNDS RECEIVED. On the date requested by the Borrower for a Revolving Credit Borrowing, after the Agent's receipt of the funds representing a BankLender's Ratable Portion of such Revolving Credit Borrowing and subject to the terms and conditions set forth in this Agreement, the Agent shall make such Revolving Credit Advance Loan of such Bank Lender available to the Borrower, in immediately available funds, by wire transfer or intrabank transfer to the Operating Account.