Common use of Funding of Term Loans Clause in Contracts

Funding of Term Loans. Each Term Loan Lender shall deposit an amount equal to the Term Loan to be made or made available by such Term Loan Lender with the Administrative Agent at the Principal Office, in immediately available funds (i) by 11:00 a.m. New York City time or such later time specified by the Administrative Agent in accordance with instructions received from the Administrative Agent on the Term Loan Effective Date and (ii) by 11:00 a.m. New York City time on such other date specified by the Company in any Notice of Borrowing. Subject to fulfillment of all applicable conditions set forth in Sections 6.1.(I) and 6.2. (in the case of any borrowing on the Term Loan Effective Date) and Section 6.2. (in the case of any borrowing after the Term Loan Effective Date), the Administrative Agent shall make available to the Company in the account specified by the Company in its Disbursement Instruction Agreement, not later than 2:00 p.m. New York City time on the Term Loan Effective Date and each such other date specified by the Company in any Notice of Borrowing, the proceeds of such amounts received by the Administrative Agent. The Company may not reborrow any portion of the Term Loans once repaid.