Making the Advance Sample Clauses

Making the Advance. (a) Each Borrowing shall be made on notice, given not later than (x) 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Borrowing in the case of a Borrowing consisting of Eurodollar Rate Advances or (y) 1:00 P.M. (New York City time) on the date of the proposed Borrowing in the case of a Borrowing consisting of Base Rate Advances, by the Borrower to the Agent, which shall give to each Lender prompt notice thereof by telecopier. Each such notice of a Borrowing (a “Notice of Borrowing”) shall be made in writing or by electronic mail or telecopier in substantially the form of Exhibit B hereto, specifying therein the requested (i) date of such Borrowing, (ii) Type of Advances comprising such Borrowing, (iii) aggregate amount of such Borrowing, and (iv) in the case of a Borrowing consisting of Eurodollar Rate Advances, initial Interest Period for each such Advance. Each Lender shall, before 3:00 P.M. (New York City time) on the date of such Borrowing, make available for the account of its Applicable Lending Office to the Agent at the applicable Agent’s Account, in same day funds, such Lender’s ratable portion of such Borrowing. After the Agent’s receipt of such funds and upon fulfillment of the applicable conditions set forth in Article 3, the Agent will make such funds available to the Borrower at the Agent’s address referred to in Section 8.02 or at the applicable Payment Office, as the case may be.
AutoNDA by SimpleDocs
Making the Advance. (a) The Advance shall be made on the date hereof, subject to the conditions below, upon receipt by Lender of written notice (the “Advance Notice”), given by Borrower to Lender on the date hereof. Not later than 11:00 A.M. (New York City time) on the date hereof and upon fulfillment of the applicable conditions set forth in Article II, Lender will make such Advance, less the applicable Commitment Fee for the Advance as described in Section 1.03 and less the fee payable pursuant to the Fee and Advisory Letter as described in Section 2.01(g), available to Borrower in same day funds in the account of Borrower at Lender.
Making the Advance. (a) Each Advance made under this Article II shall consist of the Loans made by each Lender Group ratably in proportion to such Lender Group’s respective Pro Rata Share and shall be made pursuant to a Borrowing Notice issued by the Borrower to the Administrative Agents. To be effective, a Borrowing Notice must be received by each Administrative Agent not less than two (2) Business Days prior to the requested Borrowing Date; provided that the Borrower cannot issue more than four (4) Borrowing Notices during any calendar month. Each Administrative Agent shall forward each Borrowing Notice to the Lenders in its Lender Group. Each Borrowing Notice shall, except as set forth below, be irrevocable and shall specify:
Making the Advance. (a) Each Advance made under this Article II shall consist of the Loans made by each Lender Group ratably in proportion to such Lender Group's respective Pro Rata Share and shall be made pursuant to a Borrowing Notice issued by the Borrower to the Administrative Agents and the Hedge Counterparties. To be effective, a Borrowing Notice must be received by each Administrative Agent not less than two (2) Business Days prior to the requested Borrowing Date; provided that the initial Borrowing Notice issued by the Borrower hereunder may be issued to the Administrative Agents on the Effective Date. Each Administrative Agent shall forward each Borrowing Notice to the Lenders in its Lender Group. Each Borrowing Notice shall, except as set forth below, be irrevocable and shall specify:
Making the Advance. The execution of this Agreement by Borrower shall constitute Borrower’s irrevocable instructions to Lender to make the Advance on the Closing Date, and such instructions shall be binding on Borrower. Borrower shall indemnify Lender against any loss, cost or expense reasonably incurred by Lender or its Affiliates as a result of any failure by Borrower to borrow such Advance (including, without limitation, as a result of Borrower’s failure to fulfill, on or before the Closing Date, the applicable conditions set forth in Article III) and the liquidation or re-employment of deposits or other funds acquired by Lender to fund the Advance to be made by Lender as part of such borrowing. A certificate of Lender as to the amount of such losses, costs and expenses, submitted to Borrower by Lender and showing in reasonable detail the basis for the calculation thereof, shall be conclusive as to the amount of such losses, costs and expenses, absent manifest error.
Making the Advance. (a) The Borrowing shall be made on notice, given not later than 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Borrowing, by the Borrower to the Lender. The notice of borrowing (a "Notice of Borrowing") shall be by telephone, confirmed immediately in writing, or telecopier or electronic communication, in substantially the form of Exhibit B hereto, specifying therein the requested date of such Borrowing. Upon fulfillment of the applicable conditions set forth in A1ticle III, the Lender will make the funds available to the Borrower at the bank account specified on the Notice of Borrowing. The Lender may make the Advance through its Affiliates. 
Making the Advance. Each Advance shall be made upon notice from the Borrower to the Lender at the Lender's Office specifying the date and amount of the Advance. Upon the fulfillment of the applicable conditions set forth in Article IV hereof, the Lender will make such funds available to the Borrower at the Lender's office at the address specified under Section 7.03 under this Agreement.
AutoNDA by SimpleDocs
Making the Advance. (a) The Advance shall be made on notice (a "Notice of Borrowing"), given by the Borrower to the Agent not later than 10:00 A.M. (New York City time) (a) two Business Days prior to the requested Borrowing Date, if the Advance is to be initially a Eurodollar Rate Advance and (b) on the Borrowing Date, otherwise), specifying (i) the amount to be borrowed, (ii) the Borrowing Date, (iii) whether the Advance is to be a Eurodollar Rate Advance or a Base Rate Advance and (iv) if the Advance is to be initially a Eurodollar Rate Advance, the length of the initial Interest Period therefor. Upon receipt of any such notice from the Borrower, the Agent shall promptly notify the Initial Lender thereof. Upon the satisfaction of the conditions precedent set forth herein, the Initial Lender shall on the Borrowing Date, make available to the Agent at the Agent's Account, in same day funds, the amount of the Advance. After the Agent's receipt of such funds and upon fulfillment of the applicable conditions set forth in Article III, the Agent will make such funds available to the Borrower by transferring the proceeds of the Advance to the Paying Agent at the Paying Agent's Account.
Making the Advance. Each advance shall be made on notice, given not later than 10:30 a.m. New York City time on the third Business Day prior to the date of the proposed advance. Each notice of an advance shall be by telephone, telex, telecopier or cable confirmed immediately in writing in substantially the form of Exhibit 2A hereto, specifying therein the requested (i) date of such advance, (ii) aggregate amount of such advance, and (iii) the interest period for each such advance (i.e., the period commencing on the date of the advance and ending on the last day of a thirty (30) day period). Each notice of advance shall be irrevocable and binding on the Borrower.
Making the Advance. (a) The Advance shall be made on the date hereof, subject to the conditions below, upon receipt by the Lender of written notice (the “Advance Notice”), given by the Borrower to the Lender on the date hereof. Not later than 11:00 A.M. (New York City time) on the date hereof and upon fulfillment of the applicable conditions set forth in Article II, the Lender will make such Advance, less the applicable Advisory Fee for the Advance as described in Section 1.03, available to the Borrower in same day funds in the account of the Borrower at the Lender.
Time is Money Join Law Insider Premium to draft better contracts faster.