Common use of Funding of Revolving Credit Loans Clause in Contracts

Funding of Revolving Credit Loans. Upon receipt of each notice of borrowing from the Borrower, the Administrative Agent shall promptly notify each Lender of the contents thereof. Subject to its receipt of the notice referred to in the preceding sentence, each Lender will make the amount of its Commitment Percentage of each borrowing of Revolving Credit Loans pursuant to this Section available to the Administrative Agent for the account of the Borrower at the office of the Administrative Agent set forth in Section 11.2 not later than 12:30 P.M. on the relevant Borrowing Date requested by the Borrower in funds immediately available to the Administrative Agent at such office. The amounts so made available to the Administrative Agent on the Borrowing Date will then, subject to the satisfaction of the terms and conditions of this Agreement, as determined by the Administrative Agent, be made available on such date to the Borrower by the Administrative Agent at the office of the Administrative Agent specified in Section 11.2 by crediting the account of the Borrower on the books of such office with the aggregate of said amounts received by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (New Plan Excel Realty Trust Inc), Credit Agreement (New Plan Excel Realty Trust Inc)

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Funding of Revolving Credit Loans. Upon receipt of each notice of borrowing from the BorrowerBorrowing Request requesting Revolving Credit Loans, the Administrative Agent shall promptly notify each Lender of the contents thereof. Subject to its receipt of the notice referred to in the preceding sentence, each Lender will make the amount of its Commitment Percentage of each borrowing of the requested Revolving Credit Loans pursuant to this Section available to the Administrative Agent for the account of the Borrower at the office of the Administrative Agent set forth in Section 11.2 not later than 12:30 P.M. 2:00 p.m., on the relevant Borrowing Date requested by the Borrower Borrower, in funds immediately available to the Administrative Agent at such office. The amounts so made available to the Administrative Agent on the such Borrowing Date will then, subject to the satisfaction of the terms and conditions of this Agreement, as determined by the Administrative AgentSection 5.2, be promptly made available on such date to the Borrower by the Administrative Agent at the office of the Administrative Agent specified in Section 11.2 by crediting the account of the Borrower on the books of at such office with or elsewhere as the aggregate of said amounts received by Borrower may from time to time instruct the Administrative AgentAgent in writing.

Appears in 1 contract

Samples: Day Credit Agreement (Kohls Corporation)

Funding of Revolving Credit Loans. Upon receipt of each notice of borrowing from the BorrowerBorrowing Request requesting Revolving Credit Loans, the Administrative Agent shall promptly notify each Lender of the contents thereof. Subject to its receipt of the notice referred to in the preceding sentence, each Lender will make the amount of its Commitment Percentage of each borrowing of the requested Revolving Credit Loans pursuant to this Section available to the Administrative Agent for the account of the Borrower at the office of the Administrative Agent set forth in Section 11.2 not later than 12:30 P.M. 12:00 noon on the relevant Borrowing Date requested by the Borrower Borrower, in funds immediately available to the Administrative Agent at such office. The amounts so made available to the Administrative Agent on the such Borrowing Date will then, subject to the satisfaction of the terms and conditions of this Agreement, as determined by the Administrative Agent, be made available on such date to the Borrower by the Administrative Agent at the office of the Administrative Agent specified in Section 11.2 by crediting the account of the Borrower on the books of such office with the aggregate of said amounts received by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Building Materials Investment Corp)

Funding of Revolving Credit Loans. Upon receipt of each notice of borrowing from the BorrowerBorrowing --------------------------------- Request requesting Revolving Credit Loans, the Administrative Agent shall promptly notify each Lender of the contents thereof. Subject to its receipt of the notice referred to in the preceding sentence, each Lender will make the amount of its Commitment Percentage of each borrowing of the requested Revolving Credit Loans pursuant to this Section available to the Administrative Agent for the account of the Borrower at the office of the Administrative Agent set forth in Section 11.2 not later than 12:30 P.M. 2:00 p.m., on the relevant Borrowing Date requested by the Borrower Borrower, in funds immediately available to the Administrative Agent at such office. The amounts so made available to the Administrative Agent on the such Borrowing Date will then, subject to the satisfaction of the terms and conditions of this Agreement, as determined by the Administrative Agent, be promptly made available on such date to the Borrower by the Administrative Agent at the office of the Administrative Agent specified in Section 11.2 by crediting the account of the Borrower on the books of at such office with or elsewhere as the aggregate of said amounts received by Borrower may from time to time instruct the Administrative AgentAgent in writing.

Appears in 1 contract

Samples: Credit Agreement (Kohls Corporation)

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Funding of Revolving Credit Loans. Upon receipt of each notice of borrowing from the BorrowerBorrowing Request requesting Revolving Credit Loans, the Administrative Agent shall promptly notify each Lender of the contents thereof. Subject to its receipt of the notice referred to in the preceding sentence, each Lender will make the amount of its Commitment Percentage of each borrowing of the requested Revolving Credit Loans pursuant to this Section available to the Administrative Agent for the account of the Borrower at the office of the Administrative Agent set forth in Section 11.2 not later than 12:30 P.M. 2:00 p.m., on the relevant Borrowing Date requested by the Borrower Borrower, in funds immediately available to the Administrative Agent at such office. The amounts so made available to the Administrative Agent on the such Borrowing Date will then, subject to the satisfaction of the terms and conditions of this Agreement, as determined by the Administrative Agent, be promptly made available on such date to the Borrower by the Administrative Agent at the office of the Administrative Agent specified in Section 11.2 by crediting the account of the Borrower on the books of at such office with or elsewhere as the aggregate of said amounts received by Borrower may from time to time instruct the Administrative AgentAgent in writing.

Appears in 1 contract

Samples: Credit Agreement (Camco International Inc)

Funding of Revolving Credit Loans. Upon receipt of each notice of borrowing from the BorrowerBorrowing Request requesting Revolving Credit Loans, the Administrative Agent shall promptly notify each Lender of the contents thereof. Subject to its receipt of the notice referred to in the preceding sentence, each Lender will make the amount of its Commitment Percentage of each borrowing of the requested Revolving Credit Loans pursuant to this Section available to the Administrative Agent for the account of the Borrower at the office of the Administrative Agent set forth in Section 11.2 not later than 12:30 P.M. 12:00 noon on the relevant Borrowing Date requested by the Borrower Borrower, in funds immediately available to the Administrative Agent at such office. The amounts so made available to the Administrative Agent on the such Borrowing Date will then, subject to the satisfaction of the terms and conditions of this Agreement, as reasonably determined by the Administrative Agent, be made available on such date to the Borrower by the Administrative Agent at the office of the Administrative Agent specified in Section 11.2 by crediting the account of the Borrower on the books of such office with the aggregate of said amounts received by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Officemax Inc /Oh/)

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