Procedure for Making Loans. (1) The Agent shall make Loans available to the Borrower as required hereunder by debiting the account of the Agent to which the Lenders’ Rateable Portions of such Loans have been credited in accordance with Section 2.12 (or causing such account to be debited) and, in the absence of other arrangements agreed to by the Agent and the Borrower in writing, by crediting the United States Dollar or Canadian Dollar account of the Borrower, as applicable, at the Agent or, at the expense of the Borrower, transferring (or causing to be transferred) like funds in accordance with the instructions of the Borrower as set forth in the Drawdown Notice, Rollover Notice or Conversion Notice, as the case may be, in respect of each Loan; provided that the obligation of the Agent hereunder to effect such a transfer shall be limited to taking such steps as are commercially reasonable to implement such instructions, which steps once taken shall constitute conclusive and binding evidence that such funds were advanced hereunder in accordance with the provisions relating thereto and the Agent shall not be liable for any damages, claims or costs which may be suffered by the Borrower and occasioned by the failure of such Loan to reach the designated destination.
Procedure for Making Loans. (1) The Agent shall make Loans available to the Borrower as required hereunder by debiting the account of the Agent to which the Lenders’ Rateable Portions of such Loans have been credited in accordance with Section 2.12 (or causing such account to be debited) and, in the absence of other arrangements agreed to by the Agent and the Borrower in writing, by crediting the account of the Borrower or, at the expense of the Borrower, transferring (or causing to be transferred) like funds in accordance with the instructions of the Borrower as set forth in the Drawdown Notice, Rollover Notice or Conversion Notice, as the case may be, in respect of each Loan; provided that the obligation of the Agent hereunder to effect such a transfer shall be limited to taking such steps as are commercially reasonable to implement such instructions, which steps once taken shall constitute conclusive and binding evidence that such funds were advanced hereunder in accordance with the provisions relating thereto and the Agent shall not be liable for any damages, claims or costs which may be suffered by the Borrower and occasioned by the failure of such Loan to reach the designated destination.
Procedure for Making Loans. (a) By delivering a Borrowing Request to the Agent on or before 10:00 a.m. on any Business Day the Borrower may request, on not less than three (3) nor more than five (5) Business Days' notice (counting the date on which such Borrowing Request is given), that Loans be made by all Lenders on the Borrowing Date, and in the principal amount, in each case as specified in such Borrowing Request. Upon receipt of a Borrowing Request, the Agent shall promptly notify each Lender of the contents thereof, and such Borrowing Request shall not thereafter be revocable.
Procedure for Making Loans. (a) The Administrative Agent shall make Loans available to the Borrower as required hereunder by debiting the account of the Administrative Agent to which each Lender's share of such Loans has been credited in accordance with Section 2.12 (or causing such account to be debited) and, in the absence of other arrangements agreed to by the Administrative Agent and the Borrower in writing, by crediting the account of the Borrower or, at the expense of the Borrower, transferring (or causing to be transferred) like funds in accordance with the instructions of the Borrower as set forth in the Drawdown Notice, Rollover Notice or Conversion Notice, as the case may be, in respect of each Loan; provided that the obligation of the Administrative Agent hereunder to effect such a transfer shall be limited to taking such steps as are commercially reasonable to implement such instructions, which steps once taken shall constitute conclusive and binding evidence that such funds were advanced hereunder in accordance with the provisions relating thereto, and the Administrative Agent shall not be liable for any damages, claims or costs which may be suffered by the Borrower and occasioned by the failure of such Loan to reach the designated destination.
Procedure for Making Loans. By delivering the Borrowing Request to the Agent on or before 10:00 a.m., London time, the Borrower may request on any Business Day scheduled to coincide with or occurring prior to the Commitment Termination Date, on not less than three (3) nor more than five (5) Business Days' notice (counting the date on which such Borrowing Request is given), that the Loans be made by all Lenders on the Borrowing Date set forth in the Borrowing Request in the principal amount specified in the Borrowing Request. Upon receipt of the Borrowing Request, the Agent shall promptly notify each Lender of the contents thereof, and the Borrowing Request shall not thereafter be revocable by the Borrower. Subject to the terms and conditions of this Agreement, the Loans requested to be made in the Borrowing Request shall be made on the requested Borrowing Date. On such Business Day and subject to such terms and conditions, each Lender shall, on or before 11:00 a.m., London time credit such Dollar account of the Agent at its Lending Office as the Agent may notify to the Lenders with an amount of Dollars, in each case equal to such Lender's Percentage of the aggregate principal amount of the Loans to be made pursuant to the Borrowing Request. To the extent funds are received by the Agent from the Lenders, the Agent shall make such funds available to the Borrower by crediting the principal amount of such Loans to such account as the Borrower may designate. No Lender's obligation to make its Loan as aforesaid shall be affected by any other Lender's failure to make its Loan. Notwithstanding any other provision of this Agreement, no Loans shall be made until such time as the Borrower has received telephonic or facsimile confirmation from Barclays Bank Plc (or its authorized representative), and the Borrower shall have confirmed the same to the Agent, that the transfers of funds and assignments of loans as contemplated by the Restructuring Agreement shall be in process.
Procedure for Making Loans. (a) By delivering a Borrowing Request to the Facility Agent on or before 11:00 a.m. on any Business Day the Borrower may request, on not less than five (5) nor more than seven (7) Business Days' notice (counting the date on which such Borrowing Request is given), that Loans be made by all Lenders on the Borrowing Date, and in the principal amount, in each case as specified in such Borrowing Request. Upon receipt of a Borrowing Request, the Facility Agent shall promptly notify each Lender and the Principal Facilities Agent of the contents thereof, and such Borrowing Request shall not thereafter be revocable.
Procedure for Making Loans. (1) The Agent shall make Loans available to the Borrower as required hereunder by debiting the account of the Agent to which the Lenders’ Rateable Portions of such Loans have been credited in accordance with Section 2.12 (or causing such account to be debited) and, in the absence of other arrangements agreed to by the Agent and the Borrower in writing, by crediting the account
Procedure for Making Loans. 34 2.3 Continuation Elections........................................35 2.4 Cancellation..................................................36 2.5 Records.......................................................36 2.6 Funding.......................................................36
Procedure for Making Loans. (a) Subject to the terms and conditions herein, each Loan shall be made as the Company shall request subject to and in accordance with this Section 2.3. The Company shall give the Lender at least seven (7) Business Days’ prior written notice of each requested borrowing (unless the Lender in its sole discretion consents to a shorter period of notice). Each such notice shall be irrevocable and shall specify the amount requested and the date that such Loan is to be made.
Procedure for Making Loans. 8 2.4 Amortization of Principal and Interest; Interim Payment; Final Payment; Loan Fee...................................................... 9 2.5 Prepayments............................................................ 10 2.6
