Procedure for Loans. Any request by the Company for a Loan shall be in writing, or by telephone promptly confirmed in writing, and must be given so as to be received by the Bank not later than 3:30 p.m. (Chicago time) two Eurodollar Business Days prior to the requested Loan Date if the Loan is requested as a Eurodollar Rate Advance, and not later than 3:30 p.m. (Chicago time) on the requested Loan Date if the Loan is requested as a Federal Funds Rate Advance. The Bank may, in its sole discretion, accept requests for Loans after 3:30 p.m. (Chicago time). Each request for a Loan shall be irrevocable and shall be deemed a representation by the Company that on the requested Loan Date and after giving effect to such Loan the applicable conditions specified in Article III have been and will continue to be satisfied. Each request for a Loan shall specify (a) the requested Loan Date, (b) the amount of such Loan which shall be in a minimum amount of $500,000 or, if more, an integral multiple thereof, (c) whether such Loan is to be funded as a Federal Funds Rate Advance or a Eurodollar Rate Advance, (d) in the case of a Loan made as a Eurodollar Rate Advance, the duration of the initial Interest Period applicable thereto, and (e) whether such Loan is requested as a Committed Loan or a Discretionary Loan. Unless the Bank determines that any applicable condition specified in Section 2. l or in Article III has not been satisfied, or has determined (in its sole and unlimited discretion) not to make a requested Discretionary Credit, the Bank will make available to the Company at the Bank's principal office in Chicago, Illinois in Immediately Available Funds not later than 4:30 p.m. (Chicago time) on the requested Loan Date the amount of the requested Loan. In the event that the Bank determines that the Customers' Securities Availability is not sufficient to cover a requested Committed Loan, the Bank may, in its sole discretion, make a Committed Loan in an amount that is covered by Customers' Securities Availability. Without in any way limiting the Company's obligation to confirm in writing any telephonic request for a Loan, the Bank may rely on any such request which it believes in good faith to be genuine; and the Company hereby waives the right to dispute the Bank's record of the terms of such telephonic request for a Loan. Each request by the Company for the issuance of a Letter of Credit shall be processed by the Bank in accordance with its normal procedures and practices with respect to standby letters of credit and the Bank shall determine (in its sole and unlimited discretion) whether or not to issue any particular Letter of Credit.
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Procedure for Loans. Any request by the Company for a Loan shall be in writing, or by telephone promptly confirmed in writing, and must be given so as to be received by the Bank not later than 3:30 p.m. (Chicago Minneapolis time) two Eurodollar Business Days prior to the requested Loan Date if the Loan is requested as a Eurodollar Rate Advance, and not later than 3:30 p.m. (Chicago Minneapolis time) on the requested Loan Date if the Loan is requested as a Federal Funds Rate Advance. The Bank may, in its sole discretion, accept requests for Loans after 3:30 p.m. (Chicago Minneapolis time). Each request for a Loan shall be irrevocable and shall be deemed a representation by the Company that on the requested Loan Date and after giving effect to such Loan the applicable conditions specified in Article III have been and will continue to be satisfied. Each request for a Loan shall specify (a) the requested Loan Date, (b) the amount of such Loan which shall be in a minimum amount of $500,000 or, if more, an integral multiple thereof, (c) whether such Loan is to be funded as a Federal Funds Rate Advance or a Eurodollar Rate Advance, (d) in the case of a Loan made as a Eurodollar Rate Advance, the duration of the initial Interest Period applicable thereto, and (e) whether such Loan is requested as a Committed Loan or a Discretionary Loan. Unless the Bank determines that any applicable condition specified in Section 2. l 2.1 or in Article III has not been satisfied, or has determined (in its sole and unlimited discretion) not to make a requested Discretionary CreditLoan, the Bank will make available to the Company at the Bank's principal office in ChicagoMinneapolis, Illinois Minnesota in Immediately Available Funds not later than 4:30 4:00 p.m. (Chicago Minneapolis time) on the requested Loan Date the amount of the requested Loan. In the event that the Bank determines that the Customers' Customers Securities Availability is not sufficient to cover a requested Committed Loan, the Bank may, in its sole discretion, make a Committed Loan in an amount that is covered by Customers' Securities Availability. Without in any way limiting the Company's obligation to confirm in writing any telephonic request for a Loan, the Bank may rely on any such request which it believes in good faith to be genuine; and the Company hereby waives the right to dispute the Bank's record of the terms of such telephonic request for a Loan. Each request by the Company for the issuance of a Letter of Credit shall be processed by the Bank in accordance with its normal procedures and practices with respect to standby letters of credit and the Bank shall determine (in its sole and unlimited discretion) whether or not to issue any particular Letter of Credit.
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Procedure for Loans. Any request by the Company for a Loan shall be in writing, or by telephone promptly confirmed in writing, and must be given so as to be received by the Bank not later than 3:30 p.m. (Chicago Minneapolis time) two Eurodollar Business Days prior to the requested Loan Date if the Loan is requested as a Eurodollar Rate Advance, and not later than 3:30 p.m. (Chicago Minneapolis time) on the requested Loan Date if the Loan is requested as a Federal Funds Rate Advance. The Bank may, in its sole discretion, accept requests for Loans after 3:30 p.m. (Chicago Minneapolis time). Each request for a Loan shall be irrevocable and shall be deemed a representation by the Company that on the requested Loan Date and after giving effect to such Loan the applicable conditions specified in Article III have been and will continue to be satisfied. Each request for a Loan shall specify (a) the requested Loan Date, (b) the b)the amount of such Loan which shall be in a minimum amount of $500,000 or, if more, an integral multiple thereof, (c) whether such Loan is to be funded as a Federal Funds Rate Advance or a Eurodollar Rate Advance, (d) in the case of a Loan made as a Eurodollar Rate Advance, the duration of the initial Interest Period applicable thereto, and (e) whether such Loan is requested as a Committed Loan or a Discretionary Loan. Unless the Bank determines that any applicable condition specified in Section 2. l 2.1 or in Article III has not been satisfied, or has determined (in its sole and unlimited discretion) not to make a requested Discretionary CreditLoan, the Bank will make available to the Company at the Bank's principal office in ChicagoMinneapolis, Illinois Minnesota in Immediately Available Funds not later than 4:30 4:00 p.m. (Chicago Minneapolis time) on the requested Loan Date the amount of the requested Loan. In the event that the Bank determines that the Customers' Securities Availability is not sufficient to cover a requested Committed Loan, the Bank may, in its sole discretion, make a Committed Loan in an amount that is covered by Customers' Securities Availability. Without in any way limiting the Company's obligation to confirm in writing any telephonic request for a Loan, the Bank may rely on any such request which it believes in good faith to be genuine; and the Company hereby waives the right to dispute the Bank's record of the terms of such telephonic request for a Loan. Each request by the Company for the issuance of a Letter of Credit shall be processed by the Bank in accordance with its normal procedures and practices with respect to standby letters of credit and the Bank shall determine (in its sole and unlimited discretion) whether or not to issue any particular Letter of Credit.
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