Common use of Making of Revolving Loans Clause in Contracts

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section 2.2(g) apply to a requested Borrowing as described in Section 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(b), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s Pro Rata Share of the requested Borrowing available to the Agent in immediately available funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. (New York time) on the Funding Date applicable thereto. After the Agent’s receipt of the proceeds of such Revolving Loans, the Agent shall make the proceeds of such Revolving Loans available to the Borrower on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the Borrower, designated in writing by the Borrower and acceptable to the Agent; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Availability on such date.

Appears in 7 contracts

Samples: Loan Agreement (Nicholas Financial Inc), Loan Agreement (Nicholas Financial Inc), Loan Agreement (Nicholas Financial Inc)

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Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section 2.2(g) apply to a requested Borrowing as described in Section 2.2(f), then promptly after After receipt of a Notice of request for a Borrowing or telephonic notice pursuant to Section 2.2(b2.03(a), the Agent shall notify the Lenders by telecopy, telephone telephone, email, or other similar electronic form of transmission, of the requested Borrowing; such notification to be sent on the same Business Day of the requested Funding Date. Each If Agent has notified the Lenders of a requested Borrowing on the same Business Day of the Funding Date, then each Lender shall make the amount of such Lender’s Pro Rata Share of the requested Borrowing available to the Agent in immediately available funds, to such account of the Agent as the Agent may designateAgent’s Account, not later than 2:00 1:00 p.m. (New York time) on the Business Day that is the requested Funding Date applicable theretoDate. After the Agent’s receipt of the proceeds of such Revolving LoansLoans from the Lenders, the Agent shall make the proceeds of such Revolving Loans thereof available to the Borrower on the applicable Funding Date by transferring same day immediately available funds equal to the such proceeds of such Revolving Loans received by the Agent to the account of the Borrower, designated in writing by the Borrower and acceptable to the AgentDesignated Account; provided, howeverthat, that subject to the amount provisions of Section 2.03(d)(ii), no Lender shall have an obligation to make any Revolving Loans so made Loan, if (1) one or more of the applicable conditions precedent set forth in Section 3 will not be satisfied on any date shall in no event the requested Funding Date for the applicable Borrowing unless such condition has been waived, or (2) the requested Borrowing would exceed the Availability on such dateFunding Date.

Appears in 2 contracts

Samples: Credit Agreement (Alion Science & Technology Corp), Credit Agreement (Alion Science & Technology Corp)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section subparagraph 2.2(g) apply to a requested Borrowing as described in Section subparagraph 2.2(f), or in the case of any request by a Borrower for a Borrowing of LIBOR Revolving Loans, then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section subparagraph 2.2(b), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s Pro Rata Share of the requested Borrowing available to the Agent in immediately available funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. (New York, New York time) on the Funding Date applicable thereto. After the Agent’s receipt of the proceeds of such Revolving Loans, the Agent shall make the proceeds of such Revolving Loans available to the Borrower Borrowers on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the BorrowerBorrowers, designated in writing by the Borrower Borrowers and acceptable to the Agent; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Excess Availability on such date.

Appears in 2 contracts

Samples: Loan and Security Agreement (Regional Management Corp.), Loan and Security Agreement (Regional Management Corp.)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section SECTION 2.2(g) apply to a requested Borrowing as described in Section SECTION 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section SECTION 2.2(b), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s 's Pro Rata Share of the requested Borrowing available to the Agent in immediately available same day funds, to such account of the Agent as the Agent may designate, not later than 2:00 1:00 p.m. (New York City time) ), on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loans, upon satisfaction of the applicable conditions precedent set forth in ARTICLE 10, the Agent shall make the proceeds of such Revolving Loans available to the applicable Borrower on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the an account of the such Borrower, designated in writing by the such Borrower and acceptable to the Agent; providedPROVIDED, howeverHOWEVER, that the amount of Revolving Loans or Letters of Credit so made or issued to or for the account of the Borrowers on any date shall in no event exceed the Combined Availability on such date.

Appears in 2 contracts

Samples: Loan and Security Agreement (Hills Stores Co /De/), Loan and Security Agreement (Hills Stores Co /De/)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section 2.2(g) apply to a requested Borrowing as described in Section 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(b), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s 's Pro Rata Share of the requested Borrowing available to the Agent in immediately available same day funds, to such account of the Agent as the Agent may designate, not later than 2:00 1:00 p.m. (New York time) on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loans, upon satisfaction of the applicable conditions precedent set forth in Article 10, the Agent shall make the proceeds of such Revolving Loans available to the Borrower on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the Borrower, designated in writing by the Borrower and acceptable to the Agent; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Availability of the Borrower on such date.

Appears in 2 contracts

Samples: Loan and Security Agreement (United States Leather Inc /Wi/), Loan and Security Agreement (United States Leather Inc /Wi/)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section 2.2(g) apply to a requested Borrowing as described in Section 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(b), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s Pro Rata Share of the requested Borrowing available to the Agent in immediately available funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. (New York, New York time) on the Funding Date applicable thereto. After the Agent’s receipt of the proceeds of such Revolving Loans, the Agent shall make the proceeds of such Revolving Loans available to the Borrower Borrowers on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the Borrower, Borrowers designated in writing by the Borrower and acceptable to the AgentBorrowers; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Excess Availability on such date.

Appears in 2 contracts

Samples: Loan and Security Agreement (Regional Management Corp.), Loan and Security Agreement (Regional Management Corp.)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section 2.2(gSECTION 2.2(F) apply to a requested Borrowing as described in Section 2.2(fSECTION 2.2(E), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(bSECTION 2.2(A), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s 's Pro Rata Share of the requested Borrowing available to the Agent in immediately available same day funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. noon (New York Chicago time) on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loans, upon satisfaction of the applicable conditions precedent set forth in ARTICLE 10, the Agent shall make the proceeds of such Revolving Loans available to the designated Borrower on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the applicable Borrower, as designated in writing by the Borrower and acceptable to the AgentConsumer; providedPROVIDED, howeverHOWEVER, that the amount of Revolving Loans so made on any date shall in no event exceed the separate Availability of the applicable Borrower on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Waxman Industries Inc)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section 2.2(g) apply to a requested Borrowing as described in Section 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(b), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such LenderLxxxxx’s Pro Rata Share of the requested Borrowing available to the Agent in immediately available funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. (New York, New York time) on the Funding Date applicable thereto. After the Agent’s receipt of the proceeds of such Revolving Loans, the Agent shall make the proceeds of such Revolving Loans available to the Borrower Borrowers on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the Borrower, Borrowers designated in writing by the Borrower and acceptable to the AgentBorrowers; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Excess Availability on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Regional Management Corp.)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section 2.2(g) apply to a requested Borrowing as described in Section 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(b), the Agent shall notify the 116549.01087/134240171v.5 Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such LenderXxxxxx’s Pro Rata Share of the requested Borrowing available to the Agent in immediately available funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. (New York, New York time) on the Funding Date applicable thereto. After the Agent’s receipt of the proceeds of such Revolving Loans, the Agent shall make the proceeds of such Revolving Loans available to the Borrower Borrowers on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the Borrower, Borrowers designated in writing by the Borrower and acceptable to the AgentBorrowers; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Excess Availability on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Regional Management Corp.)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section SECTION 2.2(g) apply to a requested Borrowing as described in Section SECTION 2.2(f)) or otherwise, then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section SECTION 2.2(b), the Agent shall notify the Lenders by telecopy, telephone telephone, or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s 's Pro Rata Share of the requested Borrowing available to the Agent in immediately available funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. 12:00 noon (New York Dallas, Texas time) on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loansrequested Borrowing, the Agent shall make the proceeds of such Revolving Loans requested Borrowing available to the Borrower on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the deposit account of the Borrower, designated pursuant to SECTION 2.2(c) or disbursing such funds in writing by such other manner as the Borrower and acceptable may direct to the Agent; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Availability on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Metals Usa Inc)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section 2.2(g) apply to a requested Borrowing as described in Section 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(b), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s 's Pro Rata Share of the requested Borrowing available to the Agent in immediately available same day funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. (New York time) on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loans, upon satisfaction of the applicable conditions precedent set forth in Article 10, the Agent shall make the proceeds of such Revolving Loans available to the Borrower on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the Borrower, designated in writing by the Borrower and acceptable to the Agent; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Availability of the Borrower on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Sweetheart Holdings Inc \De\)

Making of Revolving Loans. (i) In the event that the Agent shall elect or be deemed to have elected to have the terms of this Section 2.2(g) apply to a requested Borrowing as described in Section 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(b), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s 's Pro Rata Share of the requested Borrowing available to the Agent in immediately available same day funds, to such account of the Agent as the Agent may designate, not later than 2:00 1:00 p.m. (New York Chicago time) on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loans, upon satisfaction of the applicable conditions precedent set forth in Article 10, the Agent shall make the proceeds of such Revolving Loans available (not later than 2:00 p.m. Chicago time) to the Borrower that requested such Revolving Loans on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the such Borrower, designated in writing by the such Borrower and acceptable to the Agent; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Availability of such Borrower on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Strategic Distribution Inc)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section 2.2(g) apply to a requested Borrowing as described in Section 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(b), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s 's Pro Rata Share of the requested Borrowing available to the Agent in immediately available funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. 10 a.m., (New York Chicago, Illinois time) on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loans, the Agent shall make the proceeds of such Revolving Loans available to the Borrower on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the Borrower, designated in writing by the Borrower and acceptable to the Agent; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Availability on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Anchor Glass Container Corp /New)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section 2.2(g) apply to a requested Borrowing as described in Section 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(b), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such LenderXxxxxx’s Pro Rata Share of the requested Borrowing available to the Agent in immediately available funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. (New York, New York time) on the Funding Date applicable thereto. After the Agent’s receipt of the proceeds of such Revolving Loans, the Agent shall make the proceeds of such Revolving Loans available to the Borrower Borrowers on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the Borrower, Borrowers designated in writing by the Borrower and acceptable to the AgentBorrowers; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Excess Availability on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Regional Management Corp.)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section 2.2(gSECTION 2.2(f) apply to a requested Borrowing as described in Section 2.2(f)Borrowing, then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section SECTION 2.2(b), the Agent shall notify the Lenders by telecopy, telephone telephone, or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s 's Pro Rata Share of the requested Borrowing available to the Agent in immediately available funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. 12:00 noon (New York Dallas, Texas time) on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loansrequested Borrowing, the Agent shall make the proceeds of such Revolving Loans requested Borrowing available to the applicable Borrower on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the deposit account of the Borrower, designated pursuant to SECTION 2.2(c) or disbursing such funds in writing by such other manner as the Borrower and acceptable requesting such Borrowing may direct to the Agent; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Availability on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Metals Usa Inc)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section 2.2(g) apply to a requested Borrowing as described in Section 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(b), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s 's Pro Rata Share of the requested Borrowing available to the Agent in immediately available same day funds, to such account of the Agent as the Agent may designate, not later than 2:00 1:30 p.m. (New York City time) on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loans, upon satisfaction of the applicable conditions precedent set forth in Article 10, the Agent shall make the proceeds of such Revolving Loans available to the Borrower on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the Borrower, designated in writing by the Borrower and acceptable to the Agent; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Availability on such date.

Appears in 1 contract

Samples: Loan, Guaranty and Security Agreement (Riddell Sports Inc)

Making of Revolving Loans. (i1) In the event that the Agent shall elect to have the terms of this Section 2.2(g) apply to a requested Borrowing as described in Section 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(b), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s 's Pro Rata Share of the requested Borrowing available to the Agent in immediately available same day funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. (New York time) on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loans, upon satisfaction of the applicable conditions precedent set forth in Article 10, the Agent shall make the proceeds of such Revolving Loans available to the Borrower on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the Borrower, designated in writing by the Borrower and acceptable to the Agent; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Availability of the Borrower on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Sweetheart Holdings Inc \De\)

Making of Revolving Loans. (i1) In the event that the Agent shall elect to have the terms of this Section 2.2(g2.2(f) apply to a requested Borrowing as described in Section 2.2(f2.2(a), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(b2.2(a), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s 's Pro Rata Share of the requested Borrowing available to the Agent in immediately available same day funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. 12:00 noon (New York Chicago, Illinois time) on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loans, upon satisfaction of the applicable conditions precedent set forth in Article 10, the Agent shall make the proceeds of such Revolving Loans available to the Borrower on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the Borrower, designated in writing by the Borrower and acceptable to the Agent; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Availability of the Borrower on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Crown Group Inc /Tx/)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section 2.2(g) apply to a requested Borrowing as described in Section 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(b), the Agent shall notify the Lenders by telecopyfacsimile transmission, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s 's Pro Rata Share of the requested Borrowing available to the Agent in immediately available same day funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. Noon (New York Chicago time) on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loans, upon satisfaction of the applicable conditions precedent set forth in Article 10, the Agent shall make the proceeds of such Revolving Loans available to the Borrower on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the Borrower, designated in writing by the Borrower and acceptable to the AgentBorrower; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Revolver Availability of the Borrower on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (LDM Technologies Inc)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section 2.2(g) apply to a requested Borrowing as described in Section 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(b), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such LenderXxxxxx’s Pro Rata Share of the requested Borrowing available to the Agent in immediately available same day funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. (New York City time) on the Funding Date applicable thereto. After the Agent’s receipt of the proceeds of such Revolving Loans, upon satisfaction of the applicable conditions precedent set forth in Article 11, the Agent shall make the proceeds of such Revolving Loans available to the Borrower Borrowers on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the Borrower, Borrowers designated in writing by the Borrower Authorized Representative on behalf of the Borrowers and acceptable to the Agent; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Combined Availability on such date.

Appears in 1 contract

Samples: Loan and Security Agreement

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section 2.2(g) apply to a requested Borrowing as described in Section 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(b), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s 's Pro Rata Share of the requested Borrowing available to the Agent in immediately available same day funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. (New York City time) on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loans, upon satisfaction of the applicable conditions precedent set forth in Article 10, the Agent shall make the proceeds of such Revolving Loans available to the Borrower on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the a general operating account of the Borrower, designated in writing by the Borrower and acceptable to the AgentBorrower; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Availability of the Borrower on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Revlon Consumer Products Corp)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section 2.2(g) apply to a requested Borrowing as described in Section 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(b), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s 's Pro Rata Share of the requested Borrowing available to the Agent in immediately available same day funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. 1 p.m., (New York Chicago time) on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loans, upon satisfaction of the applicable conditions precedent set forth in Article 10, the Agent shall make the proceeds of such Revolving Loans available to the Borrower on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the Borrower, designated in writing by the Borrower and acceptable to the Agent; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Availability on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Centrum Industries Inc)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section SECTION 2.2(g) apply to a requested Borrowing as described in Section SECTION 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section SECTION 2.2(b), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s 's Pro Rata Share of the requested Borrowing available to the Agent in immediately available funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. noon (New York Chicago time) on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loans, the Agent shall make the proceeds of such Revolving Loans available to the Borrower on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the Borrower, designated in writing by the Borrower and reasonably acceptable to the Agent; providedPROVIDED, howeverHOWEVER, that the amount of Revolving Loans so made on any date shall in no event exceed the Availability on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Fruit of the Loom LTD)

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Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section subparagraph 2.2(g) apply to a requested Borrowing as described in Section subparagraph 2.2(f), or in the case of any request by a Borrower for a Borrowing of LIBOR Revolving Loans, then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section subparagraph 2.2(b), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s Pro Rata Share of the requested Borrowing available to the Agent in immediately available funds, to such account of the Agent as the Agent may designate, not later than 2:00 1:00 p.m. (New York, New York time) on the Funding Date applicable thereto. After the Agent’s receipt of the proceeds of such Revolving Loans, the Agent shall make the proceeds of such Revolving Loans available to the Borrower Borrowers on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the BorrowerBorrowers, designated in writing by the Borrower Borrowers and acceptable to the Agent; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Excess Availability on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Regional Management Corp.)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section 2.2(g) apply to a requested Borrowing as described in Section 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(b), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s 's Pro Rata Share of the requested Borrowing available to the Agent in immediately available same day funds, to such account of the Agent as the Agent may designate, not later than 2:00 3:00 p.m. (New York City time) on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loans, upon satisfaction of the applicable conditions precedent set forth in Article 10, the Agent shall make the proceeds of such Revolving Loans available to the applicable Borrower on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the Borrower, such Borrower designated in writing by the Borrower and acceptable to the AgentPhar-Mor; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the lesser of the Aggregate Availability or the Availability of such Borrower on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Phar Mor Inc)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section 2.2(g) apply to a requested Borrowing as described in Section 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(b), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s Xxxxxx's Pro Rata Share of the requested Borrowing available to the Agent in immediately available same day funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. (New York City time) on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loans, upon satisfaction of the applicable conditions precedent set forth in Section 11, the Agent shall make the proceeds of such Revolving Loans available to the applicable Borrower on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the a general operating account of the such Borrower, designated in writing by the Borrower and acceptable to the Agentsuch Borrower; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Availability of such Borrower on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Trend Lines Inc)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section 2.2(g) apply to a requested Borrowing as described in Section 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(b), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s 's Pro Rata Share of the requested Borrowing available to the Agent in immediately available same day funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. (New York City time) on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loans, upon satisfaction of the applicable conditions precedent set forth in Article 10, the Agent shall make the proceeds of such Revolving Loans available to the Borrower Borrowers on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the BorrowerBorrowers, designated in writing by the Borrower Authorized Representative on behalf of the Borrowers and acceptable to the Agent; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Combined Availability on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Spiegel Inc)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section 2.2(g) apply to a requested Borrowing as described in Section 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(b), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s 's Pro Rata Share of the requested Borrowing available to the Agent in immediately available same day funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. (New York time) on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loans, upon satisfaction of the applicable conditions precedent set forth in Article 10, the Agent shall make the proceeds of such Revolving Loans available to the Borrower on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the Borrower, designated in writing by the Borrower and acceptable to the Agent; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Availability of the Borrower on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Sweetheart Holdings Inc \De\)

Making of Revolving Loans. (i) In the event that the Agent shall elect or be deemed to have elected to have the terms of this Section SECTION 2.2(g) apply to a requested Borrowing as described in Section SECTION 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section SECTION 2.2(b), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s 's Pro Rata Share of the requested Borrowing available to the Agent in immediately available same day funds, to such account of the Agent as the Agent may designate, not later than 2:00 1:00 p.m. (New York Chicago time) on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loans, upon satisfaction of the applicable conditions precedent set forth in ARTICLE 10, the Agent shall make the proceeds of such Revolving Loans available (not later than 2:00 p.m. Chicago time) to the Borrower on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the Borrower, designated in writing by the Borrower and acceptable to the Agent; providedPROVIDED, howeverHOWEVER, that the amount of Revolving Loans so made on any date shall in no event exceed the Availability of the Borrower on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Strategic Distribution Inc)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section 2.2(g) apply to a requested Borrowing as described in Section 2.2(f)) or otherwise, then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(b), the Agent shall notify the Lenders by telecopy, telephone telephone, or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s 's Pro Rata Share of the requested Borrowing available to the Agent in immediately available funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. 12:00 noon (New York Dallas, Texas time) on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loansrequested Borrowing, the Agent shall make the proceeds of such Revolving Loans requested Borrowing available to the applicable Borrower on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the deposit account of the Borrower, designated pursuant to Section 2.2(c) or disbursing such funds in writing by such other manner as the Borrower and acceptable requesting such Borrowing may direct to the Agent; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Availability on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Metals Usa Inc)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section 2.2(g) apply to a requested Borrowing as described in Section 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(b)Borrowing, the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s Pro Rata Share of the requested Borrowing available to the Agent in immediately available same day funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. 11:00 a.m. (New York City time) ), on the Funding Date applicable thereto. After the Agent’s receipt of the proceeds of such Revolving Loans, upon satisfaction of the applicable conditions precedent set forth in Article X, the Agent shall make the proceeds of such Revolving Loans available to the applicable Borrower on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the such Borrower, designated in writing by the such Borrower and acceptable to the Agent; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Availability on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Manhattan Bagel Co Inc)

Making of Revolving Loans. (i) In the event that the Agent --------------------------- shall elect to have the terms of this Section 2.2(g) apply to a requested --------------- Borrowing as described in Section 2.2(f), then promptly after receipt of a --------------- Notice of Borrowing or telephonic notice pursuant to Section 2.2(b), the Agent -------------- shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s 's Pro Rata Share of the requested Borrowing available to the Agent in immediately available funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. 12:00 noon (New York City time) on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loans, the Agent shall make the proceeds of such Revolving Loans available to the applicable Borrower on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the BorrowerBorrowers, designated in writing by the Borrower Borrowers and acceptable to the Agent; provided, however, that that, subject to the second sentence of Section 2.2(a), the amount of Revolving Loans so made on any date shall in no event exceed the Availability on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Envirosource Inc)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section 2.2(g) apply to a requested Borrowing as described in Section 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(b), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s 's Pro Rata Share of the requested Borrowing available to the Agent in immediately available same day funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. (New York City time) on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loans, upon satisfaction of the applicable conditions precedent set forth in Section 11, the Agent shall make the proceeds of such Revolving Loans available to the Borrower on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the a general operating account of the Borrower, designated in writing by the Borrower and acceptable to the AgentBorrower; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Availability of Borrower on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Woodworkers Warehouse Inc)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section 2.2(g) apply to a requested Borrowing as described in Section 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(b), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s 's Pro Rata Share of the requested Borrowing available to the Agent in immediately available funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. 12:00 noon, (New York Los Angeles, California time) on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loans, the Agent shall make the proceeds of such Revolving Loans available to the applicable Borrower on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the applicable Borrower, designated in writing by the applicable Borrower and acceptable to the Agent; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Availability on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Eftc Corp/)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section 2.2(gSECTION 2.2(A) apply to a requested Borrowing as described in Section 2.2(fSECTION 2.2(F), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(bSECTION 2.2(B), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. . Each Lender shall make the amount of such Lender’s 's Pro Rata Share of the requested Borrowing available to the Agent in immediately available same day funds, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. (New York City time) on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loans, upon satisfaction of the applicable conditions precedent set forth in SECTION 11, the Agent shall make the proceeds of such Revolving Loans available to the applicable Borrower on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the a general operating account of the such Borrower, designated in writing by the Borrower and acceptable to the Agentsuch Borrower; providedPROVIDED, howeverHOWEVER, that the amount of Revolving Loans so made on any date shall in no event exceed the Availability of such Borrower on such date.

Appears in 1 contract

Samples: Trademark Security Agreement (Trend Lines Inc)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section 2.2(g) apply to a requested Borrowing as described in Section 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section 2.2(b), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s 's Pro Rata Share of the requested Borrowing available to the Agent in immediately available same day funds, to such account of the Agent as the Agent may designate, not later than 2:00 1:00 p.m. (New York City time) on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loans, upon satisfaction of the applicable conditions precedent set forth in Article 10, the Agent shall make the proceeds of such Revolving Loans available to the Borrower Borrowers on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the BorrowerBorrowers, designated in writing by the Borrower Parent on behalf of the Borrowers and acceptable to the Agent; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Combined Availability on such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Acme Metals Inc /De/)

Making of Revolving Loans. (i) In the event that the Agent shall elect to have the terms of this Section SECTION 2.2(g) apply to a requested Borrowing as described in Section IN SECTION 2.2(f), then promptly after receipt of a Notice of Borrowing or telephonic notice pursuant to Section SECTION 2.2(b), the Agent shall notify the Lenders by telecopy, telephone or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s 's Pro Rata Share of the requested Borrowing available to the Agent in immediately available same day funds, to such account of the Agent as the Agent may designate, not later than 2:00 1:30 p.m. (New York Central time) on the Funding Date applicable thereto. After the Agent’s 's receipt of the proceeds of such Revolving Loans, upon satisfaction of the applicable conditions precedent set forth in ARTICLE 10, the Agent shall make the proceeds of such Revolving Loans available to the Borrower on the applicable Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by the Agent to the account of the Borrower, designated in writing by the Borrower and acceptable to the Agent; providedPROVIDED, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Availability on such date.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Riddell Sports Inc)

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