Lending Procedures. (a) Unless the relevant Agent shall have received notice from a Bank prior to a Borrowing Date that such Bank will not make available to such Agent such Bank's share of the borrowing requested to be made on such Borrowing Date, such Agent may assume that such Bank has made its share of such borrowing available to such Agent on such Borrowing Date, and such Agent may, in reliance upon such assumption, make available to the relevant Facility Borrower on such Borrowing Date a corresponding amount. If such Agent does, in such circumstances, make available to such Facility Borrower such amount, such Bank shall make its share of such borrowing available to such Agent forthwith on demand, together with interest thereon for each day from and including such Borrowing Date that its share of such borrowing was not made available, to but excluding the date such Bank makes its share of such borrowing available to such Agent, at the Effective Federal Funds Rate (in the case of U.S. R/C Loans) or at the then effective Bank Rate (in the case of C$ Loans). If such amount is so made available, such payment to such Agent shall constitute such Bank's Loan on such Borrowing Date for all purposes of this Agreement. If such amount is not so made available to the relevant Agent, then such Agent shall notify such Facility Borrower of such failure, and, on the fourth Business Day following such Borrowing Date, such Facility Borrower shall pay to such Agent such amount, together with interest thereon for each day that such Facility Borrower had the use of such ratable portion at the Effective Federal Funds Rate (in the case of U.S. R/C Loans) or at the then effective Bank Rate (in the case of C$ Loans). Nothing contained in this Section 4.4(a) shall relieve any Bank which has failed to make available its share of any borrowing hereunder from its obligation to do so in accordance with the terms hereof.
Lending Procedures. The equipment lending services at the Labrador Campus are available to all MUN staff and students. Lending services to external researchers, community members, government and industry will be assessed on a case-by-case basis. The Equipment Lending Agreement must be completed by all eligible borrowers prior to removing the equipment from the Labrador Campus. The lending procedures for equipment are as follows:
Lending Procedures. The equipment lending services at the LI are available to all MUN staff and students. Lending services to external researchers, community members, government and industry will be assessed on a case-by-case basis. The Equipment Lending Agreement must be completed by all eligible borrowers prior to removing the equipment from the LI. The lending procedures for equipment are as follows:
Lending Procedures. (i) The Administrative Agent shall promptly send notice of each requested Advance to all of the Non-Conduit Lenders concurrently by facsimile, or electronic mail promptly confirmed by facsimile, specifying the date of such Advance and each Non-Conduit Lender’s ratable share of the Advance being requested.
Lending Procedures. Agent shall forward a copy of each Borrowing Request to Lenders promptly upon each receipt. Each Lender shall provide Agent with such Lender's pro rata share (based on their respective Commitments) of each requested Loan in immediately available funds no later than the date Borrower has requested such Loan to be made. If any Lender fails to so provide funds to Agent, then Agent may (but shall not be obligated to) advance to Borrower such Lender's pro rata share of such requested Loan; such advance shall be payable by such Lender on demand and shall bear interest at the same rate as such Loan. Agent shall disburse to Lenders all funds received by it from or on account of Borrower pursuant to the Loan Documents pro rata in accordance with the respective Commitment by wire transfer of immediately available funds (1) if such funds are received by Agent prior to 12:00 noon, Houston time, then on the day of receipt and (2) if such funds are received by Agent after 12:00 noon, then during the next Business Day, without interest, premium or penalty thereon. If Agent does not so disburse such funds, then such funds shall be payable by Agent on demand and shall bear interest from the day when due at the Federal Funds Rate. If a Lender owes any amount to Agent pursuant to this Agreement, then Agent shall give notice thereof, specifying the amount thereof and reasonable detail as to the determination thereof, to such Lender and the same shall be due and payable 15 days after the date of such notice and the provision of such detail. If a Lender does not pay the amount so due from such Lender by such date, then such amount shall be payable on demand and shall bear interest from the date when due at the Federal Funds Rate (except as provided herein regarding the failure of a Lender to advance its pro rata share of any Loan or any draw under a Letter of Credit).
Lending Procedures. 27 4.5 Termination or Reduction of Commitments . . . . . . . . . 28 4.6
Lending Procedures. The applicable provisions of Section 2 with respect to the requesting of Advances shall have been complied with. Each borrowing by and issuance of a Letter of Credit on behalf of the Borrower hereunder and each conversion of an Advance from a Domestic Rate Loan to a LIBOR Rate Loan shall constitute a representation and warranty by the Borrower as of the date of such borrowing, issuance or conversion that the conditions contained in this Section 5.2 have been satisfied or have been waived in writing by the Agent. The Lenders may, in their sole discretion, continue to make Advances notwithstanding existence of an Event of Default or Default or the failure of any representations and warranties to be true and correct and any Advances so made shall not be deemed a waiver of any Event of Default or Default.
