Common use of Transfers to Borrower Clause in Contracts

Transfers to Borrower. On or prior to the Tender Offer Closing --------------------- Date, each Lender shall direct the Depositary to transfer on the Tender Offer Closing Date the balance then outstanding to the credit of such Lender's Pre- Funding Deposit Account in immediately available funds to the Borrower's Depositary Account for the purpose of financing the purchase by the Borrower of Target Shares tendered pursuant to the Tender Offer. Such transfer of funds from a Lender's Pre-Funding Deposit Account to the Borrower's Depositary Account shall be deemed for all purposes of this Agreement and the other Loan Documents to be the making of a Revolving Loan by such Lender, and all such Loans deemed made by the Lenders shall constitute a single Revolving Loan Borrowing hereunder made on the Tender Offer Closing Date. Each transfer of funds to the Borrower's Depositary Account pursuant to this Section 2.13(d) shall be subject to the delivery by the Borrower of a Notice of Revolving Loan Borrowing pursuant to Section 3.01, the satisfaction of the applicable conditions precedent set forth in Sections 4.01 and 4.02 and all other terms and conditions herein applicable to Revolving Loans and Revolving Loan Borrowings.