Funding Procedures definition

Funding Procedures. Subject to Section 13:13-2: (a) The Administrative Agent shall advise each of the Revolving Credit Lenders by no later than 2:00PM (Boston Time) on any day on which any Revolving Credit Loan other than a SwingLine Loan is to be made. Such advice, in each instance, may be by telephone, provided that any such telephonic advice shall be confirmed in writing and shall include reference (as applicable) to the interest rate applicable to the proposed Revolving Credit Loan. (b) Each Revolving Credit Lender, by no later than the end of business on the day on which the subject Revolving Credit Loan is to be made, subject to that Revolving Credit Lender's Revolving Credit Dollar Commitment, shall Transfer that Lender's Revolving Credit Percentage Commitment of the subject Revolving Credit Loan to the Administrative Agent.
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Funding Procedures means the process for making Payment Claims as set out in Appendix 5 to schedule 5.1 (Milestone Payments and Claims Procedure) (as updated from time to time by agreement in writing between the parties);
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Examples of Funding Procedures in a sentence

  • Upon fulfillment of the applicable conditions set forth in Section 3.1 and 3.2, and subject to the Funding Procedures and Policies, Agent shall make the proceeds of the Loans available to Borrower or Additional Borrower, as applicable, in accordance with Borrower's payment instructions.

  • Notwithstanding anything in the Funding Procedures and Policies to the contrary, Agent shall, subject to the provisions of this Agreement, make Loan proceeds available to any Vendor or other recipient thereof on or not later than five Banking Days after the requested Borrowing Date.

  • All borrowings of Loans shall be subject to the Funding Procedures and Policies unless CSCC shall no longer act as Agent hereunder.

  • In the event of any failure by a Funding Partner to make a contribution within sixty (60) days of the date by which such contribution is due pursuant to the Phase 2 Funding Procedures, the Borrower shall prepare and submit to the TIFIA Lender a Revised Financial Model demonstrating what funds are available to the Borrower to complete the Project and describing the availability of such funds to the Borrower as of the date of such Revised Financial Model.

  • The availability of Loans hereunder shall be subject to the Funding Procedures and Policies.

  • Article 2: - Revolving Credit Fundings and Distributions: 21 - Revolving Credit Funding Procedures.

  • LIBOR Rate Loans may not be borrowed on the Effective Date unless the Borrower shall have entered into a Special Funding Procedures Letter Agreement with Agent and Lenders on or prior to the date that is two Business Days before the Effective Date.

  • Funding Procedures; Payments.....................................

  • Upon fulfillment of the applicable conditions set forth in Section 3.1 and 3.2, and subject to the Funding Procedures and Policies (as defined below), Lender shall make the proceeds of the Loan available in accordance with the Borrower's payment instructions.

  • Revolving Credit Funding Procedures...........................................................

Related to Funding Procedures

  • Bidding Procedures means the bidding procedures attached as Exhibit 1 to the Bidding Procedures Order and approved by the Bankruptcy Court pursuant to the Bidding Procedures Order and as amended and supplemented.

  • Staff Vetting Procedures means the Authority’s procedures for the vetting of personnel and as advised to the Contractor by the Authority.

  • Remarketing Procedures means the procedures for conducting Remarketings set forth in Part II of these Articles Supplementary.

  • Ordering Procedures means the ordering and award procedures specified in Clause 6 (Ordering Procedures) and Framework Schedule 5 (Ordering Procedure);

  • AML/KYC Procedures means the customer due diligence (CDD) procedures of a Reporting Financial Institution pursuant to the anti-money laundering or similar requirements of the jurisdiction concerned to which such Reporting Financial Institution is subject.