Common use of Filo Term Loans Clause in Contracts

Filo Term Loans. Each FILO Team Loan Lender shall make its FILO Term Loan to be made by it on the Third Restatement Date by wire transfer of immediately available funds by 2:00 p.m., New York City time, to the account of the Administrative Agent in an amount equal to such FILO Term Loan Lender’s Applicable Percentage of the FILO Term Loans to be made. The Administrative Agent will make such Loans available to the Borrower Representative by promptly crediting the amounts so received, in like funds, to the Funding Account(s) or shall wire such proceeds to such recipient as directed by the Borrower Representative.