Common use of Loan Disbursements Clause in Contracts

Loan Disbursements. The Loans shall be made by the applicable Lenders pro rata as provided in Section 1.14. Not later than 12:00 noon (New York time), in the case of LIBOR Loans, or 2:00 P.M. (New York time), in the case of Base Rate Loans, on the date specified for any Loans, each applicable Lender shall make available to the Agent the portion of the Loans to be made by it on such date, in immediately available funds, for the account of the Borrower. The amount so received by the Agent shall, subject to the terms and conditions of this Agreement, be made available to the Borrower by depositing the same in immediately available funds in the appropriate account or accounts of the Borrower and by disbursing such funds as indicated in writing in the related Loan Request prior to the date such Loans are proposed to be made.

Appears in 1 contract

Samples: Credit Agreement (Pegasus Communications Corp)

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Loan Disbursements. The Loans shall be made by the applicable Lenders pro rata as provided in Section 1.141.15. Not later than 12:00 noon (New York time), in the case of LIBOR Loans, or 2:00 P.M. (New York time), in the case of Base Rate Loans, on the date specified for any Loans, each applicable Lender shall make available to the Administrative Agent the portion of the Loans to be made by it on such date, in immediately available funds, for the account of the Borrower. The amount so received by the Administrative Agent shall, subject to the terms and conditions of this Agreement, be made available to the Borrower by depositing the same in immediately available funds in the appropriate account or accounts of the Borrower and by disbursing such funds as indicated in writing in the related Loan Request prior to the date such Loans are proposed to be made.

Appears in 1 contract

Samples: Credit Agreement (Pegasus Communications Corp)

Loan Disbursements. The Loans shall be made by the applicable Lenders pro rata as provided in Section 1.14SECTION 1.15. Not later than 12:00 noon (New York time), in the case of LIBOR Loans, or 2:00 P.M. (New York time), in the case of Base Rate Loans, on the date specified for any Loans, each applicable Lender shall make available to the Administrative Agent the portion of the Loans to be made by it on such date, in immediately available funds, for the account of the Borrower. The amount so received by the Administrative Agent shall, subject to the terms and conditions of this Agreement, be made available to the Borrower by depositing the same in immediately available funds in the appropriate account or accounts of the Borrower and by disbursing such funds as indicated in writing in the related Loan Request prior to the date such Loans are proposed to be madefor Advances.

Appears in 1 contract

Samples: Credit Agreement (Masada Security Holdings Inc)

Loan Disbursements. The Loans shall be made by the applicable Lenders pro rata as provided in Section 1.141.17. Not later than 12:00 noon (New York time), in the case of LIBOR Loans, or 2:00 P.M. (New York time), in the case of Base Rate Loans, on the date specified Credit Extension Date for any Loans, each applicable Lender shall make available to the Agent the portion of the Loans to be made by it on such date, in immediately available funds, for the account of the Borrower. The amount so received by the Agent shall, subject to the terms and conditions of this Agreement, be made available to the Borrower by depositing the same in immediately available funds in the appropriate account or accounts of the Borrower and by disbursing such funds as indicated in writing in the related Loan Request prior to the date Credit Extension Date for such Loans are proposed to be madeLoans.

Appears in 1 contract

Samples: Credit Agreement (Pegasus Communications Corp)

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Loan Disbursements. The Loans shall be made by the applicable Lenders pro rata PRO RATA as provided in Section SECTION 1.14. Not later than 12:00 noon Noon (New York City time), in the case of LIBOR Loans, or 2:00 P.M. (New York City time), in the case of Base Rate Loans, on the date specified for any Loans, each applicable Lender shall make available to the Administrative Agent the portion of the Loans to be made by it on such date, in immediately available funds, for the account of the Borrower. The amount so received by the Administrative Agent shall, subject to the terms and conditions of this the Agreement, be made available to the Borrower by depositing the same in immediately available funds fund in the appropriate account or accounts of the Borrower and by disbursing such funds as indicated in writing in the related Loan Request prior to the date such Loans are proposed to be made.

Appears in 1 contract

Samples: Credit Agreement (Teletrac Inc /De)

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