Examples of Funding Account in a sentence
Upon satisfaction of the applicable conditions set forth in Section 4.1, Administrative Agent shall make all funds so received available to Borrower in like funds as received by Administrative Agent by crediting the Funding Account with the amount of such funds.
Upon receipt of all requested funds in respect of such Loans, the Administrative Agent will make such Loans available to the Borrower by promptly wiring the funds so received in the aforesaid account of the Administrative Agent to the Funding Account on the proposed date thereof (or, if any such requested funds are received by the Administrative Agent after 2:00 p.m., New York time, on the next succeeding Business Day after such receipt).
The Administrative Agent will make such Loans available to the Borrowers by promptly crediting the amounts so received, in like funds, to the Funding Account or as otherwise directed by a Borrower; provided that Revolving Loans made to finance the reimbursement of any LC Disbursement as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.
The Swingline Lender shall make each Swingline Loan available to the applicable Borrower on a same Business Day by means of a credit to the Funding Account or otherwise in accordance with the instructions of such Borrower (including, in the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(e), by remittance to the applicable Issuing Bank).
All other amounts held in the Revolver Funding Account will be deemed to represent Principal Proceeds.