Common use of Conditions Precedent to Each Credit Extension Clause in Contracts

Conditions Precedent to Each Credit Extension. Each Dollar Revolving Lender shall make an amount equal to its Pro Rata Dollar Revolving Share of the amount specified in such Dollar Revolving Loan Notice available to the Administrative Agent in Same Day Funds for the account of the Swing Line Lender at the Administrative Agent’s Office not later than 2:00 p.m., New York time, on the Business Day specified in such Dollar Revolving Loan Notice, whereupon, subject to Section 2.05(c)(ii) (Refinancing of Swing Line Loans), each Dollar Revolving Lender that so makes funds available shall be deemed to have made a Base Rate Loan to the US Borrower in such amount. The Administrative Agent shall remit the funds so received from the Dollar Revolving Lenders to the Swing Line Lender. The Administrative Agent shall promptly notify the US Borrower of the making of a Dollar Revolving Loan pursuant to this Section 2.05(c)(i), provided that the lack of such prompt notification shall in no way affect the making, validity or status of such Dollar Revolving Loan.

Conditions Precedent to Each Credit Extension. Each Dollar Revolving Lender shall make an amount equal to its Pro Rata Dollar Revolving Share of the amount specified in such Dollar Revolving Loan Notice available to the Administrative Agent in Same Day Funds for the account of the Swing Line Lender at the Administrative Agent’s Office not later than 2:00 p.m., New York time, on the Business Day specified in such Dollar Revolving Loan Notice, whereupon, subject to Section 2.05(c)(ii) (Refinancing of Swing Line Loans), each Dollar Revolving Lender that so makes funds available shall be deemed to have made a Base Rate Loan to the US Borrower in such amount. The Administrative Agent shall remit the funds so received from the Dollar Revolving Lenders to the Swing Line Lender. The Administrative Agent shall promptly notify the US Borrower of the making of a Dollar Revolving Loan pursuant to this Section 2.05(c)(i), provided that the lack of such prompt notification shall in no way affect the making, validity or status of such Dollar Revolving Loan.