Common use of Loans Generally Clause in Contracts

Loans Generally. Not later than 2:00 P.M. on the applicable Funding Date, each Lender shall make available its share of such Borrowing, in federal or other immediately available funds, to the Agent at the account set forth on Schedule A. Unless the Agent determines that any applicable condition specified in Article IV has not been satisfied or waived, the Agent shall, by 3:00 P.M., make the amount of such Borrowing available to the Borrower at the general deposit account in the United States designated by the Borrower in immediately available funds in a wire transfer. In the event that the conditions as set forth in Section 4.02 for such Loan are not satisfied or waived on the applicable Funding Date, the Agent shall return to the Lenders their respective Loans advanced pursuant to this Section 2.04.