Common use of Funding by Agent Clause in Contracts

Funding by Agent. Upon fulfillment of the applicable conditions set forth in Article III of this Agreement, and subject to the Agent's receipt of funds in accordance with Section 2.3(b) below, the Agent will not later than 4:15 p.m., Detroit time, on the proposed Funding Date of each Advance, make available to the Company the requested Advance by depositing the amounts thereof, in immediately available funds, in account no. 16 128 53 of the Company maintained at the main office of the Agent (unless the Company otherwise instructs the Agent in writing to pay such funds elsewhere).

Funding by Agent. Upon fulfillment of the applicable conditions set forth in Article III of this Agreement, and subject to the Agent's receipt of funds in accordance with Section 2.3(b) below, the Agent will not later than 4:15 p.m., Detroit Chicago time, on the proposed Funding Date of each Advance, make available to the Company the requested Advance by depositing the amounts thereof, in immediately available funds, in account no. 16 128 53 of the Company maintained at the main office of the Agent (unless the Company otherwise instructs the Agent in writing to pay such funds elsewhere).