Common use of Notice to Each Revolving Lender Clause in Contracts

Notice to Each Revolving Lender. (i) Upon receipt of notice from the Administrative Agent to fund a Request for Equipment Borrowing with Revolving Loans subject to paragraph (a) above, and subject to the terms of this Agreement, each Revolving Lender shall, before 10:00 a.m. on the date of the proposed Borrowing, make available to the Administrative Agent at its address referred to in Section 11.11, such Revolving Lender’s Pro Rata Share (based upon its Commitment) of such proposed Borrowing (adjusted in accordance with Section 2.1(a)), and in turn, the Administrative Agent shall promptly make such funds available to the applicable Borrower or to directly pay any electronic remittance advice or invoices that are the subject of such Request for Equipment Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Rush Enterprises Inc \Tx\), Credit Agreement (Rush Enterprises Inc \Tx\)

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Notice to Each Revolving Lender. (i) Upon receipt of notice from the Administrative Agent to fund a Request for Equipment Borrowing with Revolving A Loans subject to paragraph (a) above, and subject to the terms of this Agreement, each Revolving A Lender shall, before 10:00 a.m. on the date of the proposed Borrowing, make available to the Administrative Agent at its address referred to in Section 11.11, such Revolving A Lender’s Pro Rata Share (based upon its CommitmentCommitment A) of such proposed Borrowing (adjusted in accordance with Section 2.1(a)), and in turn, the Administrative Agent shall promptly make such funds available to the applicable Borrower or to directly pay any electronic remittance advice or invoices that are the subject of such Request for Equipment Borrowing. THIRD AMENDED AND RESTATED CREDIT AGREEMENT RUSH ENTERPRISES, INC.

Appears in 1 contract

Samples: Credit Agreement (Rush Enterprises Inc \Tx\)

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Notice to Each Revolving Lender. (i) Upon receipt of notice from the Administrative Agent to fund a Request for Equipment Borrowing with Revolving A Loans subject to paragraph (a) above, and subject to the terms of this Agreement, each Revolving A Lender shall, before 10:00 a.m. on the date of the proposed Borrowing, make available to the Administrative Agent at its address referred to in Section 11.11, such Revolving A Lender’s Pro Rata Share (based upon its CommitmentCommitment A) of such proposed Borrowing (adjusted in accordance with Section 2.1(a)), and in turn, the Administrative Agent shall promptly make such funds available to the applicable Borrower or to directly pay any electronic remittance advice or invoices that are the subject of such Request for Equipment Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Rush Enterprises Inc \Tx\)

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