Common use of Funding of Borrowings Clause in Contracts

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local Time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts designated by the Borrower as specified in the applicable Borrowing Request; provided, that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 9 contracts

Samples: Incremental Assumption and Amendment Agreement (Rackspace Technology, Inc.), First Lien Credit Agreement (Hostess Brands, Inc.), Credit Agreement (Sun Country Airlines Holdings, Inc.)

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Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon10:00 a.m., Local TimeNew York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, provided that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the Borrower Parties by promptly crediting the amounts so received, in like funds, to an account or accounts designated by of the Borrower Parties as specified in the applicable Borrowing Request; provided, provided that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a an L/C Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 8 contracts

Samples: Revolving Credit Agreement (AZEK Co Inc.), Revolving Credit Agreement (AZEK Co Inc.), Revolving Credit Agreement (AZEK Co Inc.)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds in the applicable currency by 12:00 noon, Local Time, to the account of the Administrative Applicable Agent most recently designated by it for such purpose by notice to the Lenders; provided, provided that Swingline Loans shall be made as provided in Section 2.042.4. The Administrative Applicable Agent will make such Loans available to the applicable Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts of such Borrower, designated by the such Borrower as specified in the applicable Borrowing Request; provided, provided that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C an LC Disbursement and reimbursements as provided in Section 2.05(e2.5(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 7 contracts

Samples: Credit Agreement, Credit Agreement (Idexx Laboratories Inc /De), Credit Agreement (Idexx Laboratories Inc /De)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local TimeNew York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, provided that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts of the Borrower designated by the Borrower as specified in the applicable Borrowing Request; provided, provided that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C an LC Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 7 contracts

Samples: Credit Agreement (Advance Auto Parts Inc), Credit Agreement (Advance Auto Parts Inc), Credit Agreement (Advance Auto Parts Inc)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local Time1:00 p.m., to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, provided that Swingline Swing Line Loans shall be made as provided in Section 2.042.4. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts maintained with the Administrative Agent and designated by the Borrower as specified in the applicable Borrowing Request; provided, provided that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C Disbursement and reimbursements as provided in Section 2.05(e) drawing under a Letter of Credit shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 6 contracts

Samples: Credit Agreement (National Health Investors Inc), Credit Agreement (National Health Investors Inc), Credit Agreement (National Health Investors Inc)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon1:00 p.m., Local Time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, provided that Swingline Loans shall be made as provided in Section 2.042.05. The Administrative Agent will make such Loans available to the Applicable Borrower by promptly crediting or wiring the amounts so received, in like funds, to an account or accounts of the Applicable Borrower designated by the Borrower as specified in the applicable Borrowing Request; provided, provided that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C an LC Disbursement and reimbursements as provided in Section 2.05(e2.06(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 5 contracts

Samples: Credit Agreement (Tupperware Brands Corp), Credit Agreement (Tupperware Brands Corp), Credit Agreement (Tupperware Brands Corp)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon4:00 p.m., Local Time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts designated by of the Borrower as specified in the applicable Borrowing Request; provided, that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 4 contracts

Samples: Credit Agreement, Credit Agreement (Quality Distribution Inc), Credit Agreement (Quality Distribution Inc)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local Time, to the account of the Administrative Applicable Agent most recently designated by it for such purpose by notice to the Lenders; provided, provided that Swingline Loans shall be made as provided in Section 2.04. The Administrative Applicable Agent will make such Loans available to the applicable Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts designated by the applicable Borrower as specified in the applicable Borrowing Request; provided, provided that ABR Revolving Loans and Swingline Dollar Borrowings made to finance the reimbursement of a L/C Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 4 contracts

Samples: Credit Agreement (TRW Automotive Holdings Corp), Credit Agreement (TRW Automotive Holdings Corp), Credit Agreement (TRW Automotive Holdings Corp)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon3:00 p.m., Local TimeNew York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, provided that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the Borrower by promptly crediting remitting the amounts so received, in like funds, to an account or accounts of the Borrower designated by the Borrower as specified in the applicable Borrowing Request; provided, provided that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C an LC Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Marathon Petroleum Corp), Revolving Credit Agreement (Marathon Petroleum Corp), Revolving Credit Agreement (Marathon Petroleum Corp)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local Time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, provided that Swingline Loans shall be made as provided in Section 2.042.07. The Administrative Agent will make such Loans available to the applicable Borrower by promptly crediting the amounts so received, in like funds, to an account of the applicable Borrower maintained with the Administrative Agent or accounts as otherwise designated by the applicable Borrower as specified in the applicable Borrowing Request; provided, provided that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C an LC Disbursement and reimbursements as provided in Section 2.05(e2.08(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 4 contracts

Samples: Credit Agreement (Charles River Laboratories International Inc), Credit Agreement (Charles River Laboratories International Inc), Credit Agreement (Charles River Laboratories International Inc)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon1:00 p.m., Local Time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts designated by of the Borrower as specified in the applicable Borrowing Request; provided, that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a an L/C Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 3 contracts

Samples: Credit Agreement (Westrock Coffee Co), Credit Agreement (Westrock Coffee Co), Incremental Assumption Agreement (Westrock Coffee Co)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon2:00 p.m., Local Time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts designated by of the Borrower as specified in the applicable Borrowing Request; provided, that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 3 contracts

Samples: Asset Based Revolving Credit Agreement (Sun Country Airlines Holdings, Inc.), Credit Agreement (Sun Country Airlines Holdings, Inc.), Asset Based Revolving Credit Agreement (Sun Country Airlines Holdings, Inc.)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds in the applicable currency by 12:00 noon, Local Time, to the account of the Administrative Applicable Agent most recently designated by it for such purpose by notice to the Lenders; provided, provided that Swingline Loans shall be made as provided in Section 2.042.4. The Administrative Applicable Agent will make such Loans available to the applicable Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts of such Borrower designated by the such Borrower as specified in the applicable Borrowing Request; provided, provided that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C an LC Disbursement and reimbursements as provided in Section 2.05(e2.5(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 3 contracts

Samples: Credit Agreement (Parexel International Corp), Credit Agreement (Parexel International Corp), Credit Agreement (Parexel International Corp)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local TimeNew York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, that Swingline Loans shall be made as provided in Section 2.042.04(a). The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts designated by the Borrower as specified in the applicable Borrowing Request; provided, that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 2 contracts

Samples: Credit Agreement (Driven Brands Holdings Inc.), Intercreditor Agreement (Driven Brands Holdings Inc.)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local Time, noon to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, provided that Swingline Loans shall be made as provided in Section 2.042.06. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts Eligible Account of the Borrower designated by the Borrower as specified in the applicable Borrowing Request; provided, provided that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C an LC Disbursement and reimbursements as provided in Section 2.05(e2.07(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 2 contracts

Samples: Assignment and Assumption (Exco Resources Inc), Counterpart Agreement (Exco Resources Inc)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local Time, noon to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, provided that Swingline Swing Line Loans shall be made as provided in Section 2.042.05. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an a deposit account or accounts of the Borrower designated by the Borrower as specified in the applicable Borrowing Request; provided, provided that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a an L/C Disbursement and reimbursements as provided in Section 2.05(e2.04(e) shall be remitted by the Administrative Agent to the applicable Issuing BankL/C Issuer.

Appears in 2 contracts

Samples: Credit Agreement (Concho Resources Inc), Credit Agreement (Concho Resources Inc)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon10:00 a.m., Local Time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, provided that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts designated by of the Borrower as specified in the applicable Borrowing Requestrequest; provided, provided that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Verso Corp), Assignment and Acceptance Agreement (Verso Corp)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local Time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the applicable Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts designated by of the applicable Borrower as specified in the applicable Borrowing Request; provided, that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 2 contracts

Samples: Credit Agreement (Momentive Performance Materials Inc.), Credit Agreement (MPM Silicones, LLC)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local Time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the applicable Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts of such Borrower designated by the such Borrower as specified in the applicable Borrowing Request; provided, that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 2 contracts

Samples: Credit Agreement (RBS Global Inc), Credit Agreement (Rexnord Corp)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noonp.m., Local Time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, provided that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make the proceeds of such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts designated by the Borrower as specified in the applicable Borrowing Request; provided, provided that ABR Revolving Facility Loans and Swingline Borrowings made to finance the reimbursement of a L/C Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 2 contracts

Samples: Credit Agreement (Edwards Group LTD), Credit Agreement (Edwards Group LTD)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local Time, noon to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, provided that Swingline Loans shall be made as provided in Section 2.042.06. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts Eligible Account of the Borrower designated by the Borrower as specified in the applicable Borrowing Request; provided, provided that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C an LC Disbursement and reimbursements as provided in Section 2.05(e2.07(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 2 contracts

Samples: Assignment and Assumption (Exco Resources Inc), Counterpart Agreement (Exco Resources Inc)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noonp.m., Local Time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, provided that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make the proceeds of such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts designated by the Borrower as specified in the applicable Borrowing Request; provided, provided that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 2 contracts

Samples: Credit Agreement (Generac Holdings Inc.), Credit Agreement (Generac Holdings Inc.)

Funding of Borrowings. (a%3) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local Time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, provided that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the applicable Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts designated by the of such Borrower as specified in the applicable Borrowing Request; provided, provided that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 1 contract

Samples: Credit Agreement (Apollo Global Management LLC)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local Time, noon to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; providedprovided that, that Swingline Term Loans shall be made as provided in Section 2.04Sections 2.01(b) and 2.03. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts of the Borrower designated by the Borrower as specified in the applicable Borrowing Request; provided, provided that ABR Revolving Loans and Swingline Borrowings made to finance the EXCO CREDIT AGREEMENT – Page 49 reimbursement of a L/C an LC Disbursement and reimbursements as provided in Section 2.05(e2.07(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

Funding of Borrowings. (a) viii. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local Time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the applicable Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts of such Borrower designated by the such Borrower as specified in the applicable Borrowing Request; provided, that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 1 contract

Samples: Credit Agreement (RBS Global Inc)

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Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local TimeNew York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, provided that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts of the Borrower designated by the Borrower as specified in the applicable Borrowing Request; provided, provided that ABR Revolving Loans and Swingline Borrowings Loans made to finance the reimbursement of a L/C an LC Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 1 contract

Samples: Credit Agreement (Sea Coast Foods, Inc.)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local Time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the Applicable Borrower by promptly crediting sending a wire transfer of the amounts so received, in like funds, to an account or accounts of the Applicable Borrower designated by the Applicable Borrower as specified pursuant to Section 2.04 or in the applicable Borrowing Request; provided, provided that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C an LC Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 1 contract

Samples: Credit Agreement (Telvent Git S A)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local Time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts of the Borrower designated by the Borrower as specified in the applicable Borrowing Request; provided, that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 1 contract

Samples: Credit Agreement (Affinion Loyalty Group, Inc.)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local TimeCleveland time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, provided that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts of the Borrower maintained with a Lender and designated by the Borrower as specified in the applicable Borrowing Request; provided, provided that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C an LC Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 1 contract

Samples: Credit Agreement (Abercrombie & Fitch Co /De/)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local Time, noon to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; providedprovided that, that Swingline Term Loans shall be made as provided in Section 2.04Sections 2.01(b) and 2.03. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts of the Borrower designated by the Borrower as specified in the applicable Borrowing Request; provided, provided that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C an LC Disbursement and reimbursements as provided in Section 2.05(e2.07(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local TimeNew York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, provided that Swingline Loans shall be made as provided in Section 2.042.9(a). The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts of the Borrower designated by the Borrower as specified in the applicable Borrowing Request; provided, provided that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C an LC Disbursement and reimbursements as provided in Section 2.05(e2.10(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank, provided, further, that ABR Revolving Loans made to finance the repayment of a Swingline Loan as provided in Section 2.9(c) shall be remitted by the Administrative Agent to the Swingline Lender.

Appears in 1 contract

Samples: Year Credit Agreement (Toys R Us Inc)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 2:00 p.m. (or 12:00 noonnoon on the Closing Date), Local Time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts designated by of the Borrower as specified in the applicable Borrowing Request; provided, that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 1 contract

Samples: Asset Based Revolving Credit Agreement (DS Services of America, Inc.)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds in the applicable currency by 12:00 noon1:00 p.m., Local Time, to the account of the Administrative Applicable Agent most recently designated by it such Applicable Agent for such purpose by notice to the Lenders; provided, provided that Swingline Loans shall be made as provided in Section 2.04. The Administrative Applicable Agent will make such Loans Loan proceeds available to the applicable Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts designated by the Borrower as specified in the applicable Borrowing RequestApplicable Funding Account of such Borrower; provided, provided that ABR Revolving Loans and or Swingline Borrowings Loans made to finance the reimbursement of a L/C an LC Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Applicable Administrative Agent to the applicable Issuing Bank.

Appears in 1 contract

Samples: Credit Agreement (Thomson Corp /Can/)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local TimeCleveland time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, PROVIDED that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts of the Borrower maintained with a Lender and designated by the Borrower as specified in the applicable Borrowing Request; provided, PROVIDED that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C an LC Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 1 contract

Samples: Credit Agreement (Abercrombie & Fitch Co /De/)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local Time (or in the case of a Loan to be made on the Closing Date, 1:00 p.m., Local Time), to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, provided that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts designated by of the Borrower as specified in the applicable Borrowing Request; provided, provided that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 1 contract

Samples: Possession Credit Agreement (Verso Paper Holdings LLC)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local TimeEST, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, provided that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts of the Borrower maintained with and acceptable to the Administrative Agent and designated by the Borrower as specified in the applicable Borrowing Request; provided, provided that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C an LC Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 1 contract

Samples: Credit Agreement (Techteam Global Inc)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local TimeChicago time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, provided that Swingline Loans shall be made as provided in Section 2.042.22. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts of the Borrower designated by the Borrower as specified in the applicable Borrowing Request; provided, provided that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C an LC Disbursement and reimbursements as provided in Section 2.05(e2.06(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 1 contract

Samples: Credit Agreement (American Realty Capital Trust V, Inc.)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noonp.m., Local Time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts designated by of the Borrower as specified in the applicable Borrowing Request; provided, that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 1 contract

Samples: Credit Agreement (Noranda Aluminum Acquisition CORP)

Funding of Borrowings. (ae) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local TimeNew York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, provided that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts of the Borrower designated by the Borrower as specified in the applicable Borrowing RequestNotice; provided, provided that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C an LC Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 1 contract

Samples: Credit Agreement (Advance Auto Parts Inc)

Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local Time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided, provided that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such 017670-0129-Active.26122382.14 Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts designated by of the Borrower as specified in the applicable Borrowing Request; provided, provided that ABR Revolving Loans and Swingline Borrowings made to finance the reimbursement of a L/C Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

Appears in 1 contract

Samples: Credit Agreement (Apollo Global Management, Inc.)

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