Disbursement of Revolving Loans. The proceeds of Revolving Loans shall be transmitted: (x) in the circumstances described in Section 3.5, by the Agent directly to the Issuing Bank, and (y) in all other circumstances, by the Agent or Lenders, as the case may be.
Disbursement of Revolving Loans. Not later than 1:00 p.m. (Charlotte time) on the proposed borrowing date for any Revolving Loan to be made in Dollars (or if such Revolving Loan is to be made in an Alternative Currency, no later than 1:00 p.m. (local time in the country having such Alternative Currency as its lawful currency ) on the proposed borrowing date as is necessary for such funds to be received and transferred to the Borrowers for same day value on the date of such borrowing), each Lender will make available to the Administrative Agent, for the account of the Borrowers, at the Correspondent or Loan Office designated by the Administrative Agent, in Dollars or the Alternative Currency in which the Loan is to be made, and funds immediately available to the Administrative Agent, such Lender's Commitment Percentage of the Revolving Loans requested. The proceeds of each Dollar Loan requested pursuant to this Section 2.2 shall be disbursed in immediately available funds by crediting or wiring such proceeds to the account of the relevant Borrower designated in the Accounts Designation Letter. The proceeds of each Foreign Currency Loan requested pursuant to this Section 2.2 shall be transferred by wire from the Loan Office or an account maintained by the Administrative Agent at a Correspondent to the account of the Foreign Borrower specified by AHL in its Notice of Borrowing. All costs incurred and paid by the Administrative Agent in advancing Loan proceeds, including all wire transfer fees charged to the Administrative Agent and the Administrative Agent's own wire transfer fees, shall be borne solely by the Borrowers and shall be paid or reimbursed to the Administrative Agent immediately upon billing, or, at the option of the Administrative Agent, shall be paid by deduction from the Loan proceeds. Subject to Section 3.6 hereof, the Administrative Agent shall not be obligated to disburse the proceeds of any Revolving Loan requested pursuant to this Section 2.2 until each Lender shall have made available to the Administrative Agent its applicable Commitment Percentage of such Revolving Loan; provided, however, that the failure of a Lender to make available to the Administrative Agent such Commitment Percentage shall not affect the obligation of the Administrative Agent to disburse the proceeds of any Revolving Loan with respect to that portion of such Loan as to which the Administrative Agent shall have received the applicable Commitment Percentage.
Disbursement of Revolving Loans. Not later than 12:00 p.m. with respect to Borrowings of Eurodollar Loans, and 2:00 p.m. with respect to Borrowings of Base Rate Revolving Loans, on the date of any requested advance of a new Borrowing of Revolving Loans, each Lender, subject to all other provisions hereof, shall make available for the account of its applicable Lending Office its Revolving Loan comprising its portion of such Borrowing in funds immediately available for the benefit of the Administrative Agent in the applicable Administrative Agent’s Account and according to the payment instructions of the Administrative Agent. The Administrative Agent shall promptly make the proceeds of each such Borrowing available in immediately available funds to the applicable Borrower (or as directed in writing by the Company on behalf of such Borrower) on such date. In the event that any Lender does not make such amounts available to the Administrative Agent by the time prescribed above, but such amount is received later that day, such amount shall nevertheless be promptly credited to the applicable Borrower in the manner described in the preceding sentence (and if such credit is made on the next Business Day, with interest on such amount to begin accruing hereunder on such next Business Day); provided that acceptance by any Borrower of any such late amount shall not be deemed a waiver by such Borrower of any rights it may have against such Lender. No Lender shall be responsible to any Borrower for any failure by another Lender to fund its portion of a Borrowing, and no such failure by a Lender shall relieve any other Lender from its obligation, if any, to fund its portion of a Borrowing.
Disbursement of Revolving Loans. Not later than 11:00 a.m. (Chicago time) on the date of any requested advance of a new Borrowing of Eurocurrency Loans, and not later than 1:00 p.m. (Chicago time) on the date of any requested advance of a new Borrowing of Base Rate Loans, subject to Section 8 hereof, each Lender shall make available its Loan comprising part of such Borrowing in funds immediately available at the principal office of the Administrative Agent in Chicago, Illinois, except that if such Borrowing is denominated in an Alternative Currency each Lender shall, subject to Section 8 hereof, make available its Loan comprising part of such Borrowing at such office as the Administrative Agent has previously specified in a notice to each Lender, in such funds as are then customary for the settlement of international transactions in such currency and no later than such local time as is necessary for such funds to be received and transferred to the Company for same day value on the date of the Borrowing. The Administrative Agent shall make the proceeds of each new Borrowing denominated in U.S. Dollars available to the Company at the Administrative Agent’s principal office in Chicago, Illinois, by depositing or wire transferring such proceeds to the credit of the Company’s Designated Disbursement Account or as the Company and the Administrative Agent may otherwise agree, and the Administrative Agent shall make the proceeds of each new Borrowing denominated in an Alternative Currency available at such office as the Administrative Agent has previously agreed to with the Company, in each case in the type of funds received by the Administrative Agent from the Lenders.
Disbursement of Revolving Loans. The proceeds of Revolving Loans shall be transmitted by the Agent or Lenders, as the case may be, to the Disbursement Account.
Disbursement of Revolving Loans. The proceeds of Revolving Loans shall be transmitted by the Agent (x) upon advice received by the Agent from the Disbursement Account Bank, as described in Section 2.2(b), directly to the Disbursement Account, (y) in the circumstances described in Section 3.5, directly to the Issuing Bank and (z) in all other circumstances, as requested by Safety in its Notice of Borrowing.
Disbursement of Revolving Loans. Subject to the terms and conditions herein, each Lender will make an amount equal to its Revolving Credit Commitment Percentage multiplied by the requested Revolving Borrowing available to the Agent in immediately available funds prior to 11:00 a.m. Rochester, New York Time, on the Borrowing Date set forth in the Notice of Revolving Loan Borrowing. Requested Revolving Borrowings which are made available by the Agent shall be deposited into the Funding Account by wire transfer or other appropriate method, not later than 1:00 p.m. Rochester, New York Time on the requested Borrowing Date.
Disbursement of Revolving Loans. The proceeds of ------------------------------- Revolving Loans shall be transmitted: (x) in the circumstances described in Section 2.5, by the Agent directly to the Issuing Bank, and (y) in all other circumstances, by the Agent or Lenders, as the case may be.
Disbursement of Revolving Loans. Insofar as Borrower may request and Bank shall make Revolving Loans hereunder, Bank shall make such funds available to Borrower by crediting Borrower’s main operating concentration account maintained with Bank or such other account (whether or not maintained with Bank) as Borrower may otherwise direct in writing.
Disbursement of Revolving Loans. 44 2.5 Revolving Loans and Revolving Borrowings .................................44 2.6
