Funding of the Loans. (a) Each Loan shall be made as part of a Borrowing consisting of Loans made by the Lenders ratably in accordance with their applicable Commitments; provided that, in each case, the failure of any Lender to make its Loan shall not in itself relieve any other Lender of its obligation to lend hereunder (it being understood, however, that no Lender shall be responsible for the failure of any other Lender to make any Loan required to be made by such other Lender). Loans comprising any Borrowing shall be in an aggregate principal amount that is (i) an integral multiple of $1,000,000 and not less than $5,000,000 or (ii) equal to the remaining available balance of the applicable Commitments.
Funding of the 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 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, provided that (i) Loans made to re-fund Swingline Loans as provided in Section 2.7 shall be remitted by the Administrative Agent to the Swingline Lender, and (ii) Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.8 shall be remitted by the Administrative Agent to the Issuing Bank.
Funding of the Loans. The Group will finance the Loans with the Company’s general working capital. INFORMATION ON CUSTOMER C Customer C is a merchant and our repeated customer with no default record. To the best of the knowledge, information and belief of the Directors having made all reasonable enquiry, Customer C is an Independent Third Party and not connected with the Group.
Funding of the Loans. All of the Loans to be funded by Lender pursuant to the terms and conditions of this Agreement shall be funded according to the following procedure:
Funding of the Loans. Each Loan shall be made as part of a Borrowing consisting of Loans made by the Lenders ratably in accordance with their applicable Commitments and, subject to Section 6.12(b), the Loans made hereunder by the Lenders shall be made on a Pro Rata Basis with the Other Margin Loans; provided that the failure of any Lender to make its Loan or the failure of any lender under the Other Margin Loan Documents to make Other Margin Loans shall not in itself relieve any other Lender of its obligation to lend hereunder or any lender under the Other Margin Loan Documents of its obligation to lend thereunder (it being understood, however, that no Lender shall be responsible for the failure of any other Lender to make any Loan required to be made by such other Lender or for the failure of any lender under any Other Margin Loan Document to make any Other Margin Loan required to be made by such lender); provided, further, that in the event that any Lender fails to make its Loan or any lender fails to make its loan under the Other Margin Loan Agreement, in each case, to the extent required to be made hereunder or thereunder, the Borrower may, in its discretion, request a borrowing of all or any portion of such amount(s) not so funded under this Agreement or the Other Margin Loan Agreement as a result of such failure (subject to Section 2.01 hereof and thereof and the other applicable conditions to borrowing hereunder and thereunder). Loans comprising any Borrowing shall be in an aggregate principal amount that is (i) an integral multiple of $1,000,000 and not less than $5,000,000 or (ii) equal to the remaining available balance of the applicable Commitments.
Funding of the Loans. Loans shall be advanced by the Lenders in the following amounts to total $7,500,000:
Funding of the Loans. (a) The Construction/Acquisition Loans.
Funding of the Loans. Each Lender, on a several basis, agrees to fund the Loan to be made by it hereunder on the Effective Date by wire transfer of immediately available funds to the account of the Administrative Agent designated by it for such purpose by notice to the Lenders; provided, that, to take into account wiring deadlines of each Lender, funding shall occur (i) on the same Business Day as the Effective Date (which shall be a Business Day) so long as all conditions precedent set forth in Section 4.01 are satisfied and/or waived in writing by the Lenders by not later than 3:00 p.m., New York City time on such Effective Date, and (ii) on the next succeeding Business Day after the Effective Date (which shall be a Business Day) if all conditions precedent set forth in Section 4.01 are satisfied and/or waived in writing by the Lenders after 3:00 p.m., New York City time on the Effective Date.
Funding of the Loans. IfSubject to Section 2.14 with respect to any Secondary Facility Loans to be made under Section 2.01(a)(iii) on any Secondary Facility Funding Date, if the Borrower has satisfied the conditions set forth in Section 4.024.02, 4.03 or 4.03,4.05, as applicable, and Section 4.04, not later than 12:00 Noon, New York City time, on the applicable Funding Date, each Lender shall make available to the Administrative Agent at the Funding Office an amount in Dollars and in immediately available funds equal to the Loans to be made by such Lender; provided, that, subject to Section 2.14 and the other provisions hereof, with respect to any Secondary Facility Loans to be made under Section 2.01(a)(iii) on any Secondary Facility Funding Date, the portion of such Loans to be made by each Lender on such Secondary Facility Funding Date shall equal, with respect to each such Lender, the product of (x) such Lender’s Secondary Facility Commitment Percentage, times (y) the aggregate principal amount of the Secondary Facility Loans to be made by the Lenders under Section 2.01(a)(iii) on such Secondary Facility Funding Date. Administrative Agent shall deposit the aggregate of the amounts made available to Administrative Agent by the Lenders, in like funds as received by Administrative Agent, into the Borrower Funding Account in accordance with the Borrowing Request or as otherwise agreed between the Administrative Agent and the Borrower pursuant to any funds flow memorandum delivered in connection therewith; provided, that, with respect to any Secondary Facility Loans made under Section 2.01(a)(iii) on any Secondary Facility Funding Date, (A) in the event that such Secondary Facility Loans are Reserve Replenishment Secondary Facility Loans, Administrative Agent shall, pursuant to Section 5.27(b), deposit the aggregate of the amounts made available to Administrative Agent by the Lenders, in like funds as received by Administrative Agent, into the applicable Applicable Reserve (or Applicable Reserves) specified by the Borrower in the applicable Reserve Replenishment Borrowing Request, and (B) in the event that such Secondary Facility Loans are not Reserve Replenishment Secondary Facility Loans, Administrative Agent shall deposit the aggregate of the amounts made available to Administrative Agent by the Lenders, in like funds as received by Administrative Agent, into the Business Unit Account specified by the Borrower in the applicable Borrowing Request. With respect to the Initial L...
Funding of the Loans. (a) Each Lender shall make available the Loan to be made by it hereunder on the Effective Date by wire transfer of immediately available funds in dollars by 2:00 p.m., New York City time, to the account of the Administrative Agent designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the Borrowing Request.
