Common use of Funds for Loans Clause in Contracts

Funds for Loans. Not later than 1:00 p.m. (local time for each applicable Agent) on the proposed Drawdown Date (a) in the case of Domestic Loans, each of the Domestic Banks will make available to the Administrative Agent, (b) in the case of Canadian Loans, each of the Canadian Banks will make available to the Canadian Agent, (c) in the case of the U.K. Loans, each of the U.K. Banks will make available to the U.K. Agent, or (d) in the case of PR Loans, each of the XX Xxxxx will make available to the Administrative Agent, in each case at such Agent’s respective Head Office, in immediately available funds, the amount of its Domestic Commitment Percentage, Canadian Commitment Percentage, U.K. Commitment Percentage or PR Commitment Percentage, as the case may be, of the amount of the requested Loan. Upon receipt from each Bank of such amount, and upon receipt of the documents required by §11 and the borrowing certificate required under §12 and the satisfaction of the other conditions set forth therein, to the extent applicable, the Administrative Agent will make available to Ryder the aggregate amount of such Domestic Loans made available by the Domestic Banks (and the funds otherwise available under §2.12(c), if any), the Canadian Agent will make available to the Canadian Borrowers the aggregate amount of such Canadian Loans made available by the Canadian Banks (and the funds otherwise available under §2.14(c), if any), the U.K. Agent will make available to the U.K. Borrowers the amount of such U.K. Loans made available by the U.K. Banks (and the funds otherwise available under §2.13(c), if any) and the Administrative Agent will make available to Ryder PR the amount of such PR Loans made available by the XX Xxxxx in each case, not later than 3:00 p.m. (local time for such Agent). The failure or refusal of any Bank to make available to the applicable Agent at the aforesaid time and place on any Drawdown Date the amount of its Domestic Commitment Percentage of the requested Domestic Loan, or its Canadian Commitment Percentage of the requested Canadian Loan, or its U.K. Commitment Percentage of the requested U.K. Loan, or its PR Commitment Percentage of the requested PR Loan, as the case may be, shall not relieve any other Bank from its several obligations hereunder to make available to the applicable Agent the amount of such Bank’s Domestic Commitment Percentage, or Canadian Commitment Percentage, or U.K. Commitment Percentage, or PR Commitment Percentage, as the case may be, of any requested Loan.

Funds for Loans. Not later than 1:00 p.m. 12:00 noon (local time for each applicable Agent) on the proposed Drawdown Date (a) in the case of Domestic Loans, each of the Domestic Banks will make available to the Administrative Agent, (b) in the case of Canadian Loans, each of the Canadian Banks will make available to the Canadian Agent, (c) in the case of the U.K. Loans, each of the U.K. Banks will make available to the U.K. Agent, or (d) in the case of PR Loans, each of the XX Xxxxx will make available to the Administrative Agent, in each case at such Agent’s respective Head Office, in immediately available funds, the amount of its Domestic Commitment Percentage, Canadian Commitment Percentage, U.K. Commitment Percentage or PR Commitment Percentage, as the case may be, of the amount of the requested Loan. Upon receipt from each Bank of such amount, and upon receipt of the documents required by §11 and the borrowing certificate required under §12 and the satisfaction of the other conditions set forth therein, to the extent applicable, the Administrative Agent will make available to Ryder the aggregate amount of such Domestic Loans made available by the Domestic Banks (and the funds otherwise available under §2.12(c), if any), the Canadian Agent will make available to the Canadian Borrowers the aggregate amount of such Canadian Loans made available by the Canadian Banks (and the funds otherwise available under §2.14(c), if any), the U.K. Agent will make available to the U.K. Borrowers the amount of such U.K. Loans made available by the U.K. Banks (and the funds otherwise available under §2.13(c), if any) and the Administrative Agent will make available to Ryder PR the amount of such PR Loans made available by the XX Xxxxx in each case, not later than 3:00 2:00 p.m. (local time for such Agent). The failure or refusal of any Bank to make available to the applicable Agent at the aforesaid time and place on any Drawdown Date the amount of its Domestic Commitment Percentage of the requested Domestic Loan, or its Canadian Commitment Percentage of the requested Canadian Loan, or its U.K. Commitment Percentage of the requested U.K. Loan, or its PR Commitment Percentage of the requested PR Loan, as the case may be, shall not relieve any other Bank from its several obligations hereunder to make available to the applicable Agent the amount of such Bank’s Domestic Commitment Percentage, or Canadian Commitment Percentage, or U.K. Commitment Percentage, or PR Commitment Percentage, as the case may be, of any requested Loan.

Funds for Loans. Not later than 1:00 p.m. 12:00 noon (local time for each applicable Agent) on the proposed Drawdown Date (a) in the case of Domestic Loans, each of the Domestic Banks will make available to the Administrative Agent, (b) in the case of Canadian Loans, each of the Canadian Banks will make available to the Canadian Agent, (c) in the case of the U.K. Loans, each of the U.K. Banks will make available to the U.K. Agent, or (d) in the case of PR Loans, each of the XX Xxxxx will make available to the Administrative Agent, in each case at such Agent’s 's respective Head Office, in immediately available funds, the amount of its Domestic Commitment Percentage, Canadian Commitment Percentage, U.K. Commitment Percentage or PR Commitment Percentage, as the case may be, of the amount of the requested Loan. Upon receipt from each Bank of such amountamount (or upon fulfillment of the conditions precedent to the making of a Domestic Swing Line Loan pursuant to Section 2.12(c), a U.K. Swing Line Loan pursuant to Section 2.13(c), or a Canadian Swing Line Loan pursuant to Section 2.14(c), as applicable), and upon receipt of the documents required by §Section 11 and the borrowing certificate required under §Section 12 and the satisfaction of the other conditions set forth therein, to the extent applicable, the Administrative Agent will make available to Ryder the aggregate amount of such Domestic Loans made available by the Domestic Banks (and the funds otherwise available under §Section 2.12(c), if any), the Canadian Agent will make available to the Canadian Borrowers the aggregate amount of such Canadian Loans made available by the Canadian Banks (and the funds otherwise available under §Section 2.14(c), if any), the U.K. Agent will make available to the U.K. Borrowers the amount of such U.K. Loans made available by the U.K. Banks (and the funds otherwise available under §Section 2.13(c), if any) and the Administrative Agent will make available to Ryder PR the amount of such PR Loans made available by the XX Xxxxx in each case, not later than 3:00 2:00 p.m. (local time for such Agent). The failure or refusal of any Bank to make available to the applicable Agent at the aforesaid time and place on any Drawdown Date the amount of its Domestic Commitment Percentage of the requested Domestic Loan, or its Canadian Commitment Percentage of the requested Canadian Loan, or its U.K. Commitment Percentage of the requested U.K. Loan, or its PR Commitment Percentage of the requested PR Loan, as the case may be, shall not relieve any other Bank from its several obligations hereunder to make available to the applicable Agent the amount of such Bank’s 's Domestic Commitment Percentage, or Canadian Commitment Percentage, or U.K. Commitment Percentage, or PR Commitment Percentage, as the case may be, of any requested Loan.

Funds for Loans. Not later than 1:00 p.m. 12:00 noon (local time for each applicable Agent) on the proposed Drawdown Date (a) in the case of Domestic Loans, a Revolving Credit Loan each of the Domestic Banks will make available to the Administrative Agent, (b) in the case of Canadian Loans, Agent and each of the Canadian Banks will make available to the Canadian Agent, (c) in the case of the U.K. Loans, each of the U.K. Banks will make available to the U.K. Agent, or (d) in the case of PR Loans, each of the XX Xxxxx will make available to the Administrative Agent, in each case at such Agent’s respective 's Head Office, in immediately available funds, the amount of its Domestic Commitment Percentage, Canadian Commitment Percentage, U.K. Commitment Percentage or PR Commitment Percentage, as the case may be, of the amount of the requested Revolving Credit Loan. Upon receipt from each Bank of such amountamount (or upon fulfillment of the conditions precedent to the making of a Domestic Swing Line Loan pursuant to ss.2.12 or a Canadian Swing Line Loan pursuant to ss.2.13, as applicable), and upon receipt of the documents required by §11 and the borrowing certificate required under §12 and the satisfaction of the other conditions set forth therein, to the extent applicable, the Administrative Agent will make available to Ryder the Borrower the aggregate amount of such Domestic Loans made available by the Domestic Banks (and the funds otherwise available under §2.12(c), if any)Banks, the Canadian Agent will make available to the Canadian Borrowers Borrower the aggregate amount of such Canadian Loans made available by the Canadian Banks (and Banks, the Domestic Swing Line Bank shall make available to the Borrower the aggregate amount of funds otherwise available under §2.14(c)ss.2.12, if any), and the U.K. Agent Canadian Swing Line Bank will make available to the U.K. Borrowers Canadian Borrower the aggregate amount of such U.K. Loans made available by the U.K. Banks (and the funds otherwise available under §2.13(c)ss.2.13, if any) and the Administrative Agent will make available to Ryder PR the amount of such PR Loans made available by the XX Xxxxx , in each case, not later than 3:00 p.m. (local time for such AgentAgent or such Bank). The failure or refusal of any Bank to make available to the applicable such Agent at the aforesaid time and place on any Drawdown Date the amount of its Domestic Commitment Percentage of the requested Domestic Loan, or its Canadian Commitment Percentage of the requested Canadian Loan, or its U.K. Commitment Percentage of the requested U.K. Loan, or its PR Commitment Percentage of the requested PR Loan, as the case may be, Revolving Credit Loan shall not relieve any other Bank from its several obligations hereunder to make available to the applicable such Agent the amount of such Bank’s Domestic 's Commitment Percentage, or Canadian Commitment Percentage, or U.K. Commitment Percentage, or PR Commitment Percentage, as the case may be, Percentage of any requested Revolving Credit Loan.

Funds for Loans. Not later than 1:00 p.m. (local time for each applicable Agent) on the proposed Drawdown Date (a) in the case of Domestic Loans, each of the Domestic Banks will make available to the Administrative Agent, (b) in the case of Canadian Loans, each of the Canadian Banks will make available to the Canadian Agent, (c) in the case of the U.K. Loans, each of the U.K. Banks will make available to the U.K. Agent, or (d) in the case of PR Loans, each of the XX Xxxxx will make available to the Administrative Agent, in each case at such Agent’s respective Head Office, in immediately available funds, the amount of its Domestic Commitment Percentage, Canadian Commitment Percentage, U.K. Commitment Percentage or PR Commitment Percentage, as the case may be, of the amount of the requested Loan. Upon receipt from each Bank of such amount, and upon receipt of the documents required by §11 and the borrowing certificate required under §12 and the satisfaction of the other conditions set forth therein, to the extent applicable, the Administrative Agent will make available to Ryder the aggregate amount of such Domestic Loans made available by the Domestic Banks (and the funds otherwise available under §2.12(c), if any), the Canadian Agent will make available to the Canadian Borrowers the aggregate amount of such Canadian Loans made available by the Canadian Banks (and the funds otherwise available under §2.14(c), if any), (subject to §6.15(c) and §6.15(d)) the U.K. Agent will make available to the U.K. Borrowers the amount of such U.K. Loans made available by the U.K. Banks (and the funds otherwise available under §2.13(c), if any) and the Administrative Agent will make available to Ryder PR the amount of such PR Loans made available by the XX Xxxxx in each case, not later than 3:00 p.m. (local time for such Agent). The failure or refusal of any Bank to make available to the applicable Agent at the aforesaid time and place on any Drawdown Date the amount of its Domestic Commitment Percentage of the requested Domestic Loan, or its Canadian Commitment Percentage of the requested Canadian Loan, or its U.K. Commitment Percentage of the requested U.K. Loan, or its PR Commitment Percentage of the requested PR Loan, as the case may be, shall not relieve any other Bank from its several obligations hereunder to make available to the applicable Agent the amount of such Bank’s Domestic Commitment Percentage, or Canadian Commitment Percentage, or U.K. Commitment Percentage, or PR Commitment Percentage, as the case may be, of any requested Loan.

Funds for Loans. Not later than 1:00 p.m. 12:00 noon (local time for each applicable Agent) on the proposed Drawdown Date (a) in the case of Domestic Loans, a Revolving Credit Loan each of the Domestic Banks will make available to the Administrative Agent, (b) in the case of Canadian Loans, Agent and each of the Canadian Banks will make available to the Canadian Agent, (c) in the case of the U.K. Loans, each of the U.K. Banks will make available to the U.K. Agent, or (d) in the case of PR Loans, each of the XX Xxxxx will make available to the Administrative Agent, in each case at such Agent’s respective 's Head Office, in immediately available funds, the amount of its Domestic Commitment Percentage, Canadian Commitment Percentage, U.K. Commitment Percentage or PR Commitment Percentage, as the case may be, of the amount of the requested Revolving Credit Loan. Upon receipt from each Bank of such amountamount (or upon fulfillment of the conditions precedent to the making of a Domestic Swing Line Loan pursuant to Section 2.12 or a Canadian Swing Line Loan pursuant to Section 2.13, as applicable), and upon receipt of the documents required by §11 and the borrowing certificate required under §12 and the satisfaction of the other conditions set forth therein, to the extent applicable, the Administrative Agent will make available to Ryder the Borrower the aggregate amount of such Domestic Loans made available by the Domestic Banks (and the funds otherwise available under §2.12(c), if any)Banks, the Canadian Agent will make available to the Canadian Borrowers Borrower the aggregate amount of such Canadian Loans made available by the Canadian Banks (and Banks, the Domestic Swing Line Bank shall make available to the Borrower the aggregate amount of funds otherwise available under §2.14(c)Section 2.12, if any), and the U.K. Agent Canadian Swing Line Bank will make available to the U.K. Borrowers Canadian Borrower the aggregate amount of such U.K. Loans made available by the U.K. Banks (and the funds otherwise available under §2.13(c)Section 2.13, if any) and the Administrative Agent will make available to Ryder PR the amount of such PR Loans made available by the XX Xxxxx , in each case, not later than 3:00 p.m. (local time for such AgentAgent or such Bank). The failure or refusal of any Bank to make available to the applicable such Agent at the aforesaid time and place on any Drawdown Date the amount of its Domestic Commitment Percentage of the requested Domestic Loan, or its Canadian Commitment Percentage of the requested Canadian Loan, or its U.K. Commitment Percentage of the requested U.K. Loan, or its PR Commitment Percentage of the requested PR Loan, as the case may be, Revolving Credit Loan shall not relieve any other Bank from its several obligations hereunder to make available to the applicable such Agent the amount of such Bank’s Domestic 's Commitment Percentage, or Canadian Commitment Percentage, or U.K. Commitment Percentage, or PR Commitment Percentage, as the case may be, Percentage of any requested Revolving Credit Loan.