Common use of Making Revolving Credit Loans Clause in Contracts

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Revolving Credit Loan Request pursuant to Section 2.05(a), notify the Lenders of its receipt of such Revolving Credit Loan Request specifying: (i) the proposed Borrowing Date and the time and method of disbursement of such Revolving Credit Loans; (ii) the aggregate amount, type and currency of such Revolving Credit Loans and the applicable Interest Period (if any); (iii) if the Revolving Credit Loan will be denominated in an Optional Currency, the designated Funding Office for such Revolving Credit Loans, (iv) the apportionment among the Lenders of the Revolving Credit Loans as determined by the Administrative Agent in accordance with each Lender's Ratable Share and (iv) the Borrower which is to receive the proceeds of the Revolving Credit Loans. Each Lender shall remit the principal amount of each Revolving Credit Loan to be made by it to the Administrative Agent at the designated Funding Office such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Lenders have made funds available to it for such purpose, fund such Revolving Credit Loans to the designated Borrower in immediately available funds at the designated Funding Office prior to 2:00 P.M. local time on the Borrowing Date, provided that if any Lender fails to remit such funds to the Administrative Agent in a timely manner the Administrative Agent may elect in its sole discretion to fund with its own funds the Revolving Credit Loan of such Lender on the Borrowing Date and such Lender shall be subject to the repayment obligation in Section 10.14.

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Revolving Credit Loan Request pursuant to Section 2.05(a)2.5 [Revolving Credit Loan Requests; Swing Loan Requests], notify the Lenders of its receipt of such Revolving Credit Loan Request specifying: (i) the proposed Borrowing Date and the time and method of disbursement of such the Revolving Credit LoansLoans requested thereby; (ii) the aggregate amount, amount and type and currency of each such Revolving Credit Loans Loan and the applicable Interest Period (if any); (iii) if the currency in which such Revolving Credit Loan will be denominated in an Optional Currency, the designated Funding Office for such Revolving Credit Loans, is made; and (iv) the apportionment among the Lenders of the such Revolving Credit Loans as determined by the Administrative Agent in accordance with each Lender's Ratable Share and (iv) the Borrower which is Section 2.3 [Nature of Lenders’ Obligations with Respect to receive the proceeds of the Revolving Credit Loans]. Each Lender shall remit the principal amount of each Revolving Credit Loan to be made by it in the requested currency to the Administrative Agent at the designated Funding Office such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Lenders have made funds available to it for such purposepurpose and subject to Section 6.2 [Each Additional Loan or Letter of Credit], fund such Revolving Credit Loans to the designated Borrower in U.S. Dollars or the Optional Currency as the Borrower shall have requested, and immediately available funds at the designated Funding Principal Office prior to 2:00 P.M. local time p.m., Pittsburgh time, on the applicable Borrowing Date, provided that if any Lender fails to remit such funds to the Administrative Agent in a timely manner manner, the Administrative Agent may elect in its sole discretion to fund with its own funds the Revolving Credit Loan Loans of such Lender on the such Borrowing Date Date, and such Lender shall be subject to the repayment obligation in Section 10.149.12 [Availability of Funds].

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it no less than one (1) Business Day before the effective date of the election made pursuant to a Revolving Credit Loan Request pursuant to Section 2.05(a)2.5 [Revolving Credit Loan Requests; Conversions and Renewals; Swingline Loan Requests], notify the applicable Lenders of its receipt of such Loan Request specifying the information provided by a Borrower, including the Currency in which such Revolving Credit Loan Request specifying: (i) the proposed Borrowing Date is requested, and the time and method of disbursement of such Revolving Credit Loans; (ii) the aggregate amount, type and currency of such Revolving Credit Loans and the applicable Interest Period (if any); (iii) if the Revolving Credit Loan will be denominated in an Optional Currency, the designated Funding Office for such Revolving Credit Loans, (iv) the apportionment among the Lenders of the requested Revolving Credit Loans as determined by the Administrative Agent in accordance with each Lender's Ratable Share and (iv) the Borrower which is Section 2.2 [Nature of Lenders’ Obligations with Respect to receive the proceeds of the Revolving Credit Loans]. Each Lender shall remit its apportioned share (as provided to it by the Administrative Agent) of the principal amount of each Revolving Credit Loan to be made in the requested Currency (in the case of Alternative Currency Loans, in Dollars if so requested by it the Administrative Agent) to the Administrative Agent at the designated Funding Office such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Lenders have made funds available to it for such purposepurpose and subject to Section 7.3 [Each Loan or Letter of Credit], fund such Revolving Credit Loans to the designated Borrower Borrowers in immediately available funds Same Day Funds at the designated Funding Principal Office prior to 2:00 P.M. local time p.m. Eastern Time, on the applicable Borrowing Date, ; provided that if any Lender fails to remit such funds to the Administrative Agent in a timely manner manner, the Administrative Agent may elect in its sole discretion to fund with its own funds the Revolving Credit Loan Loans of such Lender on the such Borrowing Date Date, and such Lender shall be subject to the repayment obligation in Section 10.142.6(b) [Presumptions by the Administrative Agent].

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Revolving Credit Loan Request pursuant to Section 2.05(a)2.5 [Revolving Credit Loan Requests; Swing Loan Requests], notify the Lenders Banks of its receipt of such Revolving Credit Loan Request specifying: (i) specifying the proposed Borrowing Date and information provided by the time and method of disbursement of such Revolving Credit Loans; (ii) Borrowers, including the aggregate amount, type and currency of such Revolving Credit Loans and the applicable Interest Period (if any); (iii) if in which the Revolving Credit Loan will be denominated in an Optional Currencyis requested, the designated Funding Office for such Revolving Credit Loans, (iv) and the apportionment among the Lenders Banks of the requested Revolving Credit Loans as determined by the Administrative Agent in accordance with each Lender's Ratable Share and (iv) the Borrower which is Section 2.2 [Nature of Banks' Obligations with Respect to receive the proceeds of the Revolving Credit Loans]. Each Lender Bank shall remit the principal amount of each Revolving Credit Loan to be made by it in Dollars or the requested Optional Currency to the Administrative Agent at the designated Funding Office such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Lenders Banks have made funds available to it for such purposepurpose and subject to Section 7.2 [Each Additional Loan or Letter of Credit], fund such Revolving Credit Loans to the designated Borrower Borrowers in U.S. Dollars or the requested Optional Currency (as applicable) and immediately available funds at the designated Funding Principal Office prior to 2:00 P.M. local time 4:00p.m., on the applicable Borrowing Date, ; provided that if any Lender Bank fails to remit such funds to the Administrative Agent in a timely manner manner, the Administrative Agent may elect in its sole discretion to fund with its own funds, including funds in the requested Optional 219962390 Currency, the Revolving Credit Loan Loans of such Lender Bank on such Borrowing Date, the Revolving Credit Loans of such Bank on such Borrowing Date Date, and such Lender Bank shall be subject to the repayment obligation in Section 10.142.6.2 [Presumptions by the Administrative Agent].

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Revolving Credit Loan Request pursuant to Section 2.05(a)2.4 [Revolving Credit Loan Requests; Swing Loan Requests], notify the Lenders of its receipt of such Revolving Credit Loan Request specifying: (i) specifying the proposed Borrowing Date information provided by the Borrowers and the time and method of disbursement of such Revolving Credit Loans; (ii) the aggregate amount, type and currency of such Revolving Credit Loans and the applicable Interest Period (if any); (iii) if the Revolving Credit Loan will be denominated in an Optional Currency, the designated Funding Office for such Revolving Credit Loans, (iv) the apportionment among the Lenders of the requested Revolving Credit Loans as determined by the Administrative Agent in accordance with each Lender's Ratable Share and (iv) the Borrower which is Section 2.2 [Nature of Lenders’ Obligations with Respect to receive the proceeds of the Revolving Credit Loans]. Each Lender shall remit its apportioned share (as provided to it by the Administrative Agent) of the principal amount of each Revolving Credit Loan to be made by it to the Administrative Agent at the designated Funding Office such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Lenders have made funds available to it for such purposepurpose and subject to Section 7.2 [Each Loan or Letter of Credit], fund such Revolving Credit Loans to the designated Borrower Borrowers in U.S. Dollars and immediately available funds at the designated Funding Principal Office prior to 2:00 P.M. local time 3:00 p.m., on the applicable Borrowing Date, ; provided that (x) if any Lender fails to remit such funds to the Administrative Agent in a timely manner manner, the Administrative Agent may elect in its sole discretion to fund with its own funds the Revolving Credit Loan Loans of such Lender on the such Borrowing Date Date, and such Lender shall be subject to the repayment obligation in Section 10.142.5.2 [Presumptions by the Administrative Agent], and (y) for the avoidance of doubt, no proceeds of any Revolving Credit Loan shall be disbursed to, or deposited in, any deposit account, securities account or other account of any Loan Party located or titled in Bermuda. Each of the Administrative Agent, the Issuing Lenders and each Lender at its option may make any Credit Extension or otherwise perform its obligations hereunder through any Lending Office; provided that any exercise of such option shall not affect the obligation of the Borrowers to repay any Credit Extension in accordance with the terms of this Agreement.

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Revolving Credit Loan Request pursuant to Section 2.05(a)2.4 [Revolving Credit Loan Requests; Swing Loan Requests], notify the Lenders of its receipt of such Loan Request specifying the information provided by the Borrowers, including the Currency in which such Revolving Credit Loan Request specifying: (i) the proposed Borrowing Date is requested, and the time and method of disbursement of such Revolving Credit Loans; (ii) the aggregate amount, type and currency of such Revolving Credit Loans and the applicable Interest Period (if any); (iii) if the Revolving Credit Loan will be denominated in an Optional Currency, the designated Funding Office for such Revolving Credit Loans, (iv) the apportionment among the Lenders of the requested Revolving Credit Loans as determined by the Administrative Agent in accordance with each Lender's Ratable Share and (iv) the Borrower which is Section 2.2 [Nature of Lenders’ Obligations with Respect to receive the proceeds of the Revolving Credit Loans]. Each Lender shall remit its apportioned share in the applicable Currency (as provided to it by the Administrative Agent) of the principal amount of each Revolving Credit Loan to be made by it to the Administrative Agent at the designated Funding Office such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Lenders have made funds available to it for such purposepurpose and subject to Section 7.2 [Each Loan or Letter of Credit], fund such Revolving Credit Loans to the designated Borrower Borrowers in immediately available funds the applicable Currency in Same Day Funds at the designated Funding Principal Office prior to 2:00 P.M. local time 3:00 p.m., on the applicable Borrowing Date, ; provided that (x) if any Lender fails to remit such funds to the Administrative Agent in a timely manner manner, the Administrative Agent may elect in its sole discretion to fund with its own funds the Revolving Credit Loan Loans of such Lender on the such Borrowing Date Date, and such Lender shall be subject to the repayment obligation in Section 10.142.5.2 [Presumptions by the Administrative Agent], and (y) for the avoidance of doubt, no proceeds of any Revolving Credit Loan shall be disbursed to, or deposited in, any deposit account, securities account or other account of any Loan Party located or titled in Bermuda. Each of the Administrative Agent, the Issuing Lenders and each Lender at its option may make any Credit Extension or otherwise perform its obligations hereunder through any Lending Office; provided that any exercise of such option shall not affect the obligation of the Borrowers to repay any Credit Extension in accordance with the terms of this Agreement.

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Revolving Credit Loan Request pursuant to Section 2.05(a)2.5 [Revolving Credit Loan Requests; Swing Loan Requests], notify the Lenders of its receipt of such Revolving Credit Loan Request specifying: specifying the information provided by the Borrowers, including (i) the proposed Borrowing Date amount and the time and method type of disbursement currency of each such Revolving Credit Loans; (ii) the aggregate amount, type and currency of such Revolving Credit Loans Loan and the applicable Interest Period (if any); (iii) if the Revolving Credit Loan will be denominated in an Optional Currency, the designated Funding Office for such Revolving Credit Loans, (ivii) the apportionment among the Lenders of the requested Revolving Credit Loans as determined by the Administrative Agent in accordance with each Lender's Ratable Share Section 2.2 [Nature of Lenders’ Obligations with Respect to Revolving Credit Loans] and (iviii) the which Borrower which is to receive the proceeds of the Revolving Credit or Borrowers are borrowing such Loans. Each Lender shall remit the principal amount of each Revolving Credit Loan to be made by it in the requested currency to the Administrative Agent at the designated Funding Office such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Lenders have made funds available to it for such purposepurpose and subject to Section 7.2 [Each Loan or Letter of Credit], fund such Revolving Credit Loans to the designated Borrower applicable Borrower(s) in U.S. Dollars or the requested Optional Currency (as applicable) in immediately available funds at the designated Funding Principal Office (or with respect to Loans in an Optional Currency such other lending office as the Administrative Agent shall, from time to time, notify such Lender) prior to 2:00 P.M. local p.m. (or with respect to Loans in an Optional Currency, such other time as the Administrative Agent shall notify such Lender), on the applicable Borrowing Date, ; provided that if any Lender fails to remit such funds to the Administrative Agent in a timely manner manner, the Administrative Agent may elect in its sole discretion to fund with its own funds, including funds in the requested Optional Currency, the Revolving Credit Loan Loans of such Lender on the such Borrowing Date Date, and such Lender shall be subject to the repayment obligation in Section 10.142.6.2 [Presumptions by the Administrative Agent].

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Revolving Credit Loan Request pursuant to Section 2.05(a)2.5 [Revolving Credit Loan Requests; Swing Loan Requests], notify the Lenders of its receipt of such Revolving Credit Loan Request specifying: (i) the proposed Borrowing Date and the time and method of disbursement of such the Revolving Credit LoansLoans requested thereby; (ii) the aggregate amount, amount and type and currency of each such Revolving Credit Loans Loan and the applicable Interest Period (if any); (iii) if the currency in which such Revolving Credit Loan will be denominated in an Optional Currency, the designated Funding Office for such Revolving Credit Loans, is made; and (iv) the apportionment among the Lenders of the such Revolving Credit Loans as determined by the Administrative Agent in accordance with each Lender's Ratable Share and (iv) the Borrower which is Section 2.3 [Nature of Lenders’ Obligations with Respect to receive the proceeds of the Revolving Credit Loans]. Each Lender shall remit the principal amount of each Revolving Credit Loan to be made by it to the Administrative Agent at the designated Funding Office such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Lenders have made funds available to it for such purposepurpose and subject to Section 6.2 [Each Additional Loan or Letter of Credit], fund such Revolving Credit Loans to the designated Borrower in U.S. Dollars or the Optional Currency as the Borrower shall have requested, and immediately available funds at the designated Funding Principal Office prior to 2:00 P.M. local time p.m., Pittsburgh time, on the applicable Borrowing Date, provided that if any Lender fails to remit such funds to the Administrative Agent in a timely manner manner, the Administrative Agent may elect in its sole discretion to fund with its own funds the Revolving Credit Loan Loans of such Lender on the such Borrowing Date Date, and such Lender shall be subject to the repayment obligation in Section 10.149.12 [Availability of Funds].

Making Revolving Credit Loans. The Administrative Agent shall, promptly after receipt by it of a Revolving Credit Loan Request pursuant to Section 2.05(a)2.5, notify the Lenders Banks of its receipt of such Revolving Credit the related Loan Request specifying: (i) the proposed Borrower and Borrowing Date and the time and method of disbursement of such Revolving Credit Loans; (ii) the aggregate amount, amount and type and currency of each such Revolving Credit Loans Loan and the applicable Interest Period (if any); and (iii) if the Revolving Credit Loan will be denominated in an Optional Currency, the designated Funding Office for such Revolving Credit Loans, (iv) the apportionment among the Lenders Banks of the such Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2. In addition, after the applicable interest rate is determined, the Agent will promptly notify the Banks and each Lender's Ratable Share and (iv) the Borrower which is to receive the proceeds of the Borrowers of the interest rate. After the Syndication Date, if the Loan Request is for a CIH Revolving Credit LoansLoan subject to the UK Euro-Rate Option for an Interest Period of less than one Month, each co-agnet shall notify the Agent of its cost of funds quote by the required time as contemplated in clause (B) of the definition of UK Euro-Rate. Each Lender Bank shall remit the principal amount of each Revolving Credit Loan to be made by it the Agent (to such account as the Administrative Agent at the designated Funding Office may nominate in writing from time to time) such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Lenders Banks have made funds available to it for such purpose, fund such Revolving Credit Loans to the designated requesting Borrower in Dollars or (as applicable) Pounds Sterling at the Applicable Lending Office prior to (as applicable) 2:00 p.m. Pittsburgh time or 1:00 p.m. London time in immediately available funds at the designated Funding Office prior to 2:00 P.M. local time on the applicable Borrowing Date, provided PROVIDED that if any Lender the Agent assumes pursuant to Section 10.16 that a Bank will make available to the Agent such Bank's portion of a Revolving Credit Loan and such Bank fails to remit such funds to the Administrative Agent in a timely manner manner, the Administrative Agent may elect in its sole discretion to fund with its own funds the Revolving Credit Loan Loans of such Lender Bank on the such Borrowing Date Date, and such Lender Bank shall be subject to the repayment obligation in Section 10.1410.16.