Community banks serve companies and consumers throughout the nation. After Agents receipt of the proceeds of such Revolving Loans, Agent shall make the proceeds of such Revolving Loans out there to Debtors on the relevant Funding Date by transferring same day funds equal to the proceeds of such Revolving Loans received by Agent to the account of Debtors, designated in writing by Borrowers and acceptable to Agent; provided, however, that the amount of Revolving Loans so made on any date shall in no event exceed the Extra Availability on such date.
(g) Making of Revolving Loans. To advise the EME Regional Consultant on all aspects of strategic financial administration for EME, sustaining an overview of key monetary points together with the financial viability of the places of work and their work. I have by no means overdrafted from my bank account but made a whopper of an error, inflicting my check to Regional Finance to be declined.
Such statement shall be deemed correct, correct, and binding on Debtors and an account stated (aside from reversals and reapplications of funds made as provided in Paragraph 2.four and corrections of errors found by Agent), except Borrowers notify Agent in writing on the contrary within thirty (30) days after such statement is rendered. 2.9 Payment of Revolving Loans.
Additionally take any fee that’s have to be taken and do any utility that have to be performed for a loan. Agent shall decide, as of the Enterprise Day immediately preceding the requested effective date of issuance of the Letter of Credit score set forth within the notice from Debtors pursuant to subparagraph 2.18(c)(1), (A) the amount of the applicable Unused Letter of Credit score Subfacility and (B) the Availability and Excess Availability as of such date.
If such quantity isn’t actually made available to Agent by any Lender, Agent shall be entitled to recuperate such quantity on demand from such Lender together with interest thereon on the Federal Funds Charge for the primary three (three) days from and after such demand and thereafter on the Interest Charge then applicable to Base Price Revolving Loans. (iii) Agent shall not be obligated to transfer to a Defaulting Lender any payments made by Debtors to Agent for the Defaulting Lenders profit; nor shall a Defaulting Lender be entitled to the sharing of any funds hereunder.