Common use of Prime Loans Clause in Contracts

Prime Loans. Except for Sweep Loans described below, Banks are authorized to make Prime Loans upon written or, at the discretion of Agent, facsimile notice requesting a Loan received by Agent no later than 11:00 a.m. (Boise, Idaho time) at least one (1) Business Day prior to the requested date of the loan from any person purporting to be a person identified on EXHIBIT 2. 1.1.1 attached hereto or such other persons as Borrower may from time to time designate in writing to Agent. The Agent shall promptly notify each Bank of the notice. Not later than 12:00 noon (Boise, Idaho time) on the date of the Prime Loan, each Bank shall wire transfer to the Agent the Bank's Proportionate Share of the Loan in immediately available funds. After the Agent receives such funds, and if no Event of Default has occurred and is continuing, Agent shall make the Prime Loans to Borrower by crediting the amount thereof to the Borrower's account with Agent. If an Event of Default has occurred and is continuing, Agent shall promptly return the funds to the Banks.

Prime Loans. Except for Sweep Loans described below, Banks are authorized to make Prime Loans upon written or, at the discretion of Agent, facsimile notice requesting a Loan received by Agent no later than 11:00 a.m. (Boise, Idaho time) at least one (1) Business Day prior to the requested date of the loan from any person purporting to be a person identified on EXHIBIT SCHEDULE 2. 1.1.1 attached hereto or such other persons as Borrower may from time to time designate in writing to Agent. The Agent shall promptly notify each Bank of the notice. Not later than 12:00 noon (Boise, Idaho time) on the date of the Prime Loan, each Bank shall wire transfer to the Agent the Bank's Proportionate Share of the Loan in immediately available funds. After the Agent receives such funds, and if no Event of Default has occurred and is continuing, Agent shall make the Prime Loans to Borrower by crediting the amount thereof to the Borrower's account with Agent. If an Event of Default has occurred and is continuing, Agent shall promptly return the funds to the Banks.