Common use of Funding of Revolving Credit Loans Clause in Contracts

Funding of Revolving Credit Loans. Promptly after receipt of a Notice of Borrowing under the immediately preceding subsection (b), the Administrative Agent shall notify each Revolving Credit Lender of the proposed borrowing. Each Revolving Credit Lender shall deposit an amount equal to the Revolving Credit Loan to be made by such Revolving Credit Lender to the applicable Borrower with the Administrative Agent (i) in the case of Revolving Credit Loans denominated in Dollars, at the Principal Office, in immediately available funds not later than 1:00 p.m. New York City time on the date of such proposed Revolving Credit Loans and (ii) in the case of each Revolving Credit Loan denominated in a Foreign Currency, at the Multicurrency Payment Office for such currency, in immediately available funds not later than 11:00 a.m., Local Time on the date of such proposed Revolving Credit Loans. Subject to fulfillment of all applicable conditions set forth herein, the Administrative Agent shall make available to the applicable Borrower in the account specified in its Disbursement Instruction Agreement, not later than 2:00 p.m. New York City time or Local Time, as the case may be, on the date of the requested borrowing of Revolving Credit Loans that are Base Rate Loans and not later than 1:00 p.m. New York City time or Local Time, as the case may be, on the date of the requested borrowing of Revolving Credit Loans that are LIBOR Loans, CDOR Loans or AUD Rate Loans, the proceeds of such amounts received by the Administrative Agent. No Revolving Credit Lender shall be responsible for the failure of any other Revolving Credit Lender to make a Revolving Credit Loan or to perform any other obligation to be made or performed by such other Revolving Credit Lender hereunder, and the failure of any Revolving Credit Lender to make a Revolving Credit Loan or to perform any other obligation to be made or performed by it hereunder shall not relieve the obligation of any other Revolving Credit Lender to make any Revolving Credit Loan or to perform any other obligation to be made or performed by such other Lender.

Funding of Revolving Credit Loans. Promptly after receipt of a Notice of Borrowing under the immediately preceding subsection (b), the Administrative Agent shall notify each Revolving Credit Lender of the proposed borrowing. Each Revolving Credit Lender shall deposit an amount equal to the Revolving Credit Loan to be made by such Revolving Credit Lender to the applicable Borrower with the Administrative Agent (i) in the case of Revolving Credit Loans denominated in Dollars, at the Principal Office, in immediately available funds not later than 1:00 2:00 p.m. New York City time on the date of such proposed Revolving Credit Loans that are Base Rate Loans or LIBOR Daily Loans, and (ii) in the case of each Revolving Credit Loan denominated in a Foreign Currency, at the Multicurrency Payment Office for such currency, in immediately available funds not later than 11:00 a.m., Local Time 10:00 a.m. on the date of such proposed Revolving Credit Loans that are LIBOR Loans (other than LIBOR Daily Loans). Subject to fulfillment of all applicable conditions set forth herein, the Administrative Agent shall make available to the applicable Borrower in the account specified in its the Disbursement Instruction Agreement, not later than 2:00 4:00 p.m. New York City time or Local Time, as the case may be, on the date of the requested borrowing of Revolving Credit Loans that are Base Rate Loans or LIBOR Daily Loans and not later than 1:00 p.m. New York City time or Local Time, as the case may be, on the date of the requested borrowing of Revolving Credit Loans that are LIBOR Loans (other than LIBOR Daily Loans, CDOR Loans or AUD Rate Loans), the proceeds of such amounts received by the Administrative Agent. No Revolving Credit Lender shall be responsible for the failure of any other Revolving Credit Lender to make a Revolving Credit Loan or to perform any other obligation to be made or performed by such other Revolving Credit Lender hereunder, and the failure of any Revolving Credit Lender to make a Revolving Credit Loan or to perform any other obligation to be made or performed by it hereunder shall not relieve the obligation of any other Revolving Credit Lender to make any Revolving Credit Loan or to perform any other obligation to be made or performed by such other Lender.

Funding of Revolving Credit Loans. Promptly after receipt of a Notice of Borrowing under the immediately preceding subsection (b), the Administrative Agent shall notify each Revolving Credit Lender of the proposed borrowing. Each Revolving Credit Lender shall deposit an amount equal to the Revolving Credit Loan to be made by such Revolving Credit Lender to the applicable Borrower with the Administrative Agent (i) in the case of Revolving Credit Loans denominated in Dollars, at the Principal Office, in immediately available funds not later than 1:00 2:00 p.m. New York City time on the date of such proposed Revolving Credit Loans that are Base Rate Loans and (ii) in the case of each Revolving Credit Loan denominated in a Foreign Currency, at the Multicurrency Payment Office for such currency, in immediately available funds not later than 11:00 a.m., Local Time 10:00 a.m. on the date of such proposed Revolving Credit Loans that are LIBOR Loans. Subject to fulfillment of all applicable conditions set forth herein, the Administrative Agent shall make available to the applicable Borrower in the account specified in its the Disbursement Instruction Agreement, not later than 2:00 4:00 p.m. New York City time or Local Time, as the case may be, on the date of the requested borrowing of Revolving Credit Loans that are Base Rate Loans and not later than 1:00 p.m. New York City time or Local Time, as the case may be, on the date of the requested borrowing of Revolving Credit Loans that are LIBOR Loans, CDOR Loans or AUD Rate Loans, the proceeds of such amounts received by the Administrative Agent. No Revolving Credit Lender shall be responsible for the failure of any other Revolving Credit Lender to make a Revolving Credit Loan or to perform any other obligation to be made or performed by such other Revolving Credit Lender hereunder, and the failure of any Revolving Credit Lender to make a Revolving Credit Loan or to perform any other obligation to be made or performed by it hereunder shall not relieve the obligation of any other Revolving Credit Lender to make any Revolving Credit Loan or to perform any other obligation to be made or performed by such other Lender.

Funding of Revolving Credit Loans. Promptly after receipt of a Notice of Borrowing under the immediately preceding subsection (b), the Administrative Agent shall notify each Revolving Credit Lender of the proposed borrowing. Each Revolving Credit Lender shall deposit an amount equal to the Revolving Credit Loan to be made by such Revolving Credit Lender to the applicable Borrower with the Administrative Agent (i) in the case of Revolving Credit Loans denominated in Dollars, at the Principal Office, in immediately available funds not later than 1:00 2:00 p.m. New York City time on the date of such proposed Revolving Credit Loans that are Base Rate Loans or Daily Simple SOFR Loans, and (ii) in the case of each Revolving Credit Loan denominated in a Foreign Currency, at the Multicurrency Payment Office for such currency, in immediately available funds not later than 11:00 a.m., Local Time 10:00 a.m. on the date of such proposed Revolving Credit Loans that are Term SOFR Loans. Subject to fulfillment of all applicable conditions set forth herein, the Administrative Agent shall make available to the applicable Borrower in the account specified in its the Disbursement Instruction Agreement, not later than 2:00 4:00 p.m. New York City time or Local Time, as the case may be, on the date of the requested borrowing of Revolving Credit Loans that are Base Rate Loans or Daily Simple SOFR Loans and not later than 1:00 p.m. New York City time or Local Time, as the case may be, on the date of the requested borrowing of Revolving Credit Loans that are LIBOR Loans, CDOR Loans or AUD Rate Term SOFR Loans, the proceeds of such amounts received by the Administrative Agent. No Revolving Credit Lender shall be responsible for the failure of any other Revolving Credit Lender to make a Revolving Credit Loan or to perform any other obligation to be made or performed by such other Revolving Credit Lender hereunder, and the failure of any Revolving Credit Lender to make a Revolving Credit Loan or to perform any other obligation to be made or performed by it hereunder shall not relieve the obligation of any other Revolving Credit Lender to make any Revolving Credit Loan or to perform any other obligation to be made or performed by such other Lender.