Common use of Disbursement of Loans Clause in Contracts

Disbursement of Loans. Not later than 11:00 a.m. (Chicago time) on the date of any requested advance of a new Borrowing of LIBOR Loans, and not later than 12:00 noon (Chicago time) on the date of any requested advance of a new Borrowing of Base Rate Loans, subject to Section 6 hereof, each Bank shall make available its Loan comprising part of such Borrowing in funds immediately available at the principal office of the Agent in Chicago, Illinois. The Agent shall make available to the Borrower Loans at the Agent's principal office in Chicago, Illinois or such other office as the Agent has previously agreed in writing to with the Borrower, in each case in the type of funds received by the Agent from the Banks.

Appears in 5 contracts

Samples: Credit Agreement (Peoples Energy Corp), Credit Agreement (North Shore Gas Co /Il/), Credit Agreement (North Shore Gas Co /Il/)

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Disbursement of Loans. Not later than 11:00 a.m. (Chicago time) on the date of any requested advance of a new Borrowing of LIBOR Eurocurrency Loans, and not later than 12:00 noon (Chicago time) on the date of any requested advance of a new Borrowing of Base Rate Loans, subject to Section 6 hereof, each Bank shall make available its Loan comprising part of such Borrowing in funds immediately available at the principal office of the Agent in Chicago, Illinois. The Agent shall make available to the Borrower Loans at the Agent's principal office in Chicago, Illinois or such other office as the Agent has previously agreed to, in writing to writing, with the Borrower, in each case in the type of funds received by the Agent from the Banks.

Appears in 5 contracts

Samples: Credit Agreement (NRG Energy Inc), Credit Agreement (NRG Energy Inc), Credit Agreement (NRG Energy Inc)

Disbursement of Loans. Not later than 11:00 a.m. 1:00 p.m. (Chicago time) on the date of any requested advance of a new Borrowing of LIBOR Loans, and not later than 12:00 noon (Chicago time) on under the date of any requested advance of a new Borrowing of Base Rate LoansRevolving Credit or Term Loan Commitments, subject to Section 6 7 hereof, each Bank shall make available its Loan comprising part of such Borrowing in funds immediately available at the principal office of the Agent in Chicago, Illinois. The Agent shall make the proceeds of each new Borrowing available to the Borrower Loans at the Agent's principal office in Chicago, Illinois (or such other office as the Agent has previously agreed in writing by wire transfer of funds pursuant to with the Borrower, in each case in 's written instructions to the type of funds received by the Agent from the BanksAgent).

Appears in 2 contracts

Samples: Credit Agreement (Apac Teleservices Inc), Credit Agreement (Apac Teleservices Inc)

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Disbursement of Loans. Not later than 11:00 a.m. 1:00 p.m. (Chicago time) on the date of any requested advance of a new Borrowing of LIBOR Loans, and not later than 12:00 noon (Chicago time) on the date of any requested advance of a new Borrowing of Base Rate Loans, subject to Section 6 hereof, each Bank shall make available its Loan comprising part of such Borrowing in funds immediately available in Chicago, Illinois at the principal office of the Agent Agent, except to the extent such Borrowing is a continuation or conversion of any outstanding principal amount of a Borrowing, in Chicagowhole or in part, Illinoisin which case each Bank shall record on its books or records or on a schedule to the appropriate Note such continuation or conversion. The Subject to Section 7 hereof, the Agent shall make the proceeds of each advance of a new Borrowing available to the Borrower Loans at the Agent's ’s principal office in Chicago, Illinois or not later than close of business on the date of such other office as the Agent has previously agreed in writing to with the Borrower, in each case in the type of funds received by the Agent from the BanksBorrowing.

Appears in 2 contracts

Samples: Revolving Credit Agreement (World Acceptance Corp), Revolving Credit Agreement (World Acceptance Corp)

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