Common use of Standard Procedure Clause in Contracts

Standard Procedure. The Borrower shall give the Administrative Agent notice of each borrowing hereunder in accordance with SECTION 2.9. Not later than 12:00 p.m. (Dallas, Texas, time) on the date specified for each borrowing hereunder, each Lender will make available the amount of the Loan to be made by it on such date to the Administrative Agent, at the Principal Office, in immediately available funds, for the account of the Borrower. The amount of each borrowing hereunder so received by the Administrative Agent shall, subject to the terms and conditions of this Agreement, be made available, for and on behalf of the Borrower, in immediately available funds by no later than 12:00 p.m. (Dallas, Texas, time); PROVIDED, HOWEVER, that the Administrative Agent may, in its discretion, cause such amount to be made available directly to or for the benefit of the Person who is to receive the proceeds of such Loan in accordance with SECTION 2.10 (e.g., the Vendor if and to the extent that proceeds of such borrowing are used to pay for Nortel Networks Goods and Services). Notwithstanding anything to the contrary contained in this Agreement, if and to the extent that Nortel Networks is a Lender under this Agreement, the Borrower further hereby irrevocably agrees that each Loan to be advanced by Nortel Networks to the Borrower in accordance with this Agreement (and only in accordance with this Agreement and after the Administrative Agent's receipt of a Notice of Borrowing executed by the Borrower) may (in the discretion of Nortel Networks and if and to the extent that the proceeds of such Loan are to be paid to Nortel Networks) be effectively disbursed on the date set forth in the Notice of Borrowing for such disbursement to the Borrower by virtue of a credit in the amount of such Loan given to the Borrower under the Master Purchase and Services Agreement.

Standard Procedure. The Borrower shall give the Administrative Agent notice of each borrowing hereunder in accordance with SECTION Section 2.9. Not later than 12:00 1:00 p.m. (DallasNew York, Texas, New York time) on the date specified for each borrowing hereunder, each Lender will make available the amount of the Loan to be made by it on such date to the Administrative Agent, at the Principal Office, in immediately available funds, for the account of the Borrower. The amount of each borrowing hereunder so received by the Administrative Agent shall, subject to the terms and conditions of this Agreement, be made available, for and on behalf of the Borrower, in immediately available funds by no later than 12:00 1:00 p.m. (DallasNew York, Texas, New York time); PROVIDEDprovided, HOWEVERhowever, that the Administrative Agent may, in its discretion, cause such amount to be made available directly to or for the benefit of the Person who is to receive the proceeds of such Loan in accordance with SECTION 2.10 (e.g., the Vendor if and to the extent that proceeds of such borrowing are used to pay for Nortel Networks Goods and Services)Section 2.10. Notwithstanding anything to the contrary contained in this Agreement, if and to the extent that Nortel Networks is a Lender under this Agreement, the Borrower further hereby irrevocably agrees that each Loan to be advanced by Nortel Networks to the Borrower in accordance with this Agreement (and only in accordance with this Agreement and after the Administrative Agent's receipt of a Notice of Borrowing executed by the Borrower) may (in the discretion of Nortel Networks and if and to the extent that the proceeds of such Loan are to be paid to Nortel Networks) be effectively disbursed on the date set forth in the Notice of Borrowing for such disbursement to the Borrower by virtue of a credit in the amount of such Loan given to the Borrower and/or the Leasing Subsidiary under the Master Purchase and Services Agreement.

Standard Procedure. The Borrower shall give the Administrative Agent notice of each borrowing hereunder in accordance with SECTION Section 2.9. Not later than 12:00 p.m. (DallasNew York, Texas, New York time) on the date specified for each borrowing hereunder, each Lender will make available the amount of the Loan to be made by it on such date to the Administrative Agent, at the Principal Office, in immediately available funds, for the account of the Borrower. The amount of each borrowing hereunder so received by the Administrative Agent shall, subject to the terms and conditions of this Agreement, be made available, for and on behalf of the Borrower, in immediately available funds by no later than 12:00 p.m. (DallasNew York, Texas, New York time); PROVIDEDprovided, HOWEVERhowever, that the Administrative Agent may, in its discretion, cause such amount to be made available directly to or for the benefit of the Person who is to receive the proceeds of such Loan in accordance with SECTION Section 2.10 (e.g., the Vendor if and to the extent that proceeds of such borrowing are used to pay for Nortel Networks Goods and Services). Notwithstanding anything to the contrary contained in this Agreement, if and to the extent that Nortel Networks is a Lender under this Agreement, the Borrower further hereby irrevocably agrees that each Loan to be advanced by Nortel Networks to the Borrower in accordance with this Agreement (and only in accordance with this Agreement and after the Administrative Agent's receipt of a Notice of Borrowing executed by the Borrower) may (in the discretion of Nortel Networks and if and to the extent that the proceeds of such Loan are to be paid to Nortel Networks) be effectively disbursed on the date set forth in the Notice of Borrowing for such disbursement to the Borrower by virtue of a credit in the amount of such Loan given to the Borrower under the Master Purchase and Services Agreement.

Standard Procedure. The Borrower shall give the Administrative Agent notice of each borrowing hereunder in accordance with SECTION Section 2.9. Not later than 12:00 p.m. noon (DallasNew York, Texas, New York time) on the date specified for each borrowing hereunder, each Lender will make available the amount of the Loan to be made by it on such date to the Administrative Agent, at the Principal Office, in immediately available funds, for the account of the Borrower. The amount of each borrowing hereunder so received by the Administrative Agent shall, subject to the terms and conditions of this Agreement, be made available, for and on behalf of the 2 Borrower, in immediately available funds by no later than 12:00 2:00 p.m. (DallasNew York, Texas, New York time); PROVIDEDprovided, HOWEVERhowever, that the Administrative Agent may, in its discretion, cause such amount to be made available directly to or for the benefit of the Person who is to receive the proceeds of such Loan in accordance with SECTION 2.10 (e.g., the Vendor if and to the extent that proceeds of such borrowing are used to pay for Nortel Networks Goods and Services)Section 2.10. Notwithstanding anything to the contrary contained in this Agreement, if and to the extent that Nortel Networks is a Tranche A Lender under this Agreement, the Borrower further hereby irrevocably agrees that each Tranche A Loan to be advanced by Nortel Networks to the Borrower in accordance with this Agreement (and only in accordance with this Agreement and after the Administrative Agent's receipt of a Notice of Borrowing executed by the Borrower) may (in the discretion of Nortel Networks and if and to the extent that the proceeds of such Loan are to be paid to Nortel Networks) be effectively disbursed on the date set forth in the Notice of Borrowing for such disbursement to the Borrower by virtue of a credit in the amount of such Loan given to the Borrower Guarantor under the Master Purchase and Services Supply Agreement.

Standard Procedure. The Borrower shall give the Administrative Agent notice of each borrowing hereunder in accordance with SECTION Section 2.9. Not later than 12:00 1:00 p.m. (DallasNew York, Texas, New York time) on the date specified for each borrowing hereunder, each Lender will make available the amount of the Loan to be made by it on such date to the Administrative Agent, at the Principal Office, in immediately available funds, for the account of the Borrower. The amount of each borrowing hereunder so received by the Administrative Agent shall, subject to the terms and conditions of this Agreement, be made available, for and on behalf of the Borrower, in immediately available funds by no later than 12:00 1:00 p.m. (DallasNew York, Texas, New York time); PROVIDED, HOWEVER, that the Administrative Agent may, in its discretion, cause such amount to ) and shall be made available advanced directly to or for the benefit of the Person who is to receive the proceeds of such Loan in accordance with SECTION 2.10 (e.g., the Vendor if and to the extent that proceeds of such borrowing are used to pay for Nortel Networks Goods and Services)Vendor. Notwithstanding anything to the contrary contained in this Agreement, if and to the extent that Nortel Networks is a Lender under this Agreement, the Borrower further hereby irrevocably agrees that each Loan to be advanced by Nortel Networks to the Borrower in accordance with this Agreement (and only in accordance with this Agreement and after the Administrative Agent's receipt of a Notice of Borrowing executed by the Borrower) may (in the discretion of Nortel Networks and if and to the extent that the proceeds of such Loan are to be paid to Nortel Networks) be effectively disbursed on the date set forth in the Notice of Borrowing for such disbursement to the Borrower by virtue of a credit in the amount of such Loan given to the Borrower by the Vendor under the Master Purchase and Services Agreement.

Standard Procedure. The Borrower shall give the Administrative Agent notice of each borrowing Borrowing hereunder in accordance with SECTION 2.9. Not later than 12:00 1:00 p.m. (DallasNew York, Texas, New York time) on the date specified for each borrowing Borrowing hereunder, each Lender will make available the amount of the Loan to be made by it on such date to the Administrative Agent, at the Principal Office, in immediately available funds, for the account of the Borrower. The amount of each borrowing Borrowing hereunder so received by the Administrative Agent shall, subject to the terms and conditions of this Agreement, be made available, for and on behalf of the Borrower, in immediately available funds by no later than 12:00 1:00 p.m. (DallasNew York, Texas, New York time)) on the date specified for each Borrowing in the Notice of Borrowing therefor; PROVIDED, HOWEVER, that the Administrative Agent may, in its discretion, shall cause such amount to be made available on such date directly to or for the benefit of the Person who is to receive the proceeds of such Loan in accordance with SECTION 2.10 (e.g., the Vendor if and to the extent that proceeds of such borrowing Borrowing are used to pay for Nortel Networks Goods and Services). Notwithstanding anything to the contrary contained in this Agreement, if and to the extent that Nortel Networks is a Lender under this Agreement, the Borrower further hereby irrevocably agrees that each Loan to be advanced by Nortel Networks to the Borrower in accordance with this Agreement (and only in accordance with this Agreement and after the Administrative Agent's receipt of a Notice of Borrowing executed by the Borrower) may (in the discretion of Nortel Networks and if and to the extent that the proceeds of such Loan are to be paid to Nortel Networks) be effectively disbursed on the date set forth in the Notice of Borrowing for such disbursement to the Borrower by virtue of a credit in the amount of such Loan given to the Borrower under the Master Purchase Agreement; PROVIDED, HOWEVER, that the initial advance of Loans made on the Closing Date shall be paid to the Borrower to the extent of amounts previously paid, at any time on or after January 1, 2000 and Services prior to the Closing Date, in cash by or on behalf of the Borrower to Nortel Networks to purchase Nortel Networks Goods and Services, including sales and use taxes and freight charges relating to such Nortel Networks Goods and Services, under the Master Purchase Agreement.