Common use of Advance Procedure Clause in Contracts

Advance Procedure. (a) Subject to compliance with Section 1.4 and Article VIII, Borrower may request the Advance of the Loan by submitting an Advance Request to Administrative Agent, and Administrative Agent shall promptly notify each Lender of the Advance Request and its contents. An Advance Request is irrevocable and binding on Borrower. Each Advance Request must be received by Administrative Agent no later than 12:00 p.m. Houston, Texas, Time on the third (3rd) Business Day preceding the proposed Advance date.

Appears in 2 contracts

Samples: Credit Agreement (Voyager Oil & Gas, Inc.), Credit Agreement (Voyager Oil & Gas, Inc.)

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Advance Procedure. (a) Subject to compliance with Section 1.4 2.6 and Article VIIIIX, Borrower may request the Advance of the Loan by submitting an Advance Request to Administrative Agent, and Administrative Agent shall promptly notify each Lender of the Advance Request and its contents. An Advance Request is irrevocable and binding on Borrower. Each Advance Request must be received by Administrative Agent no later than 12:00 p.m. Houston, Texas, Time on the third (3rd) Business Day preceding the proposed Advance date.

Appears in 1 contract

Samples: Security Agreement (Doral Energy Corp.)

Advance Procedure. (a) Subject to compliance with Section 1.4 2.3 and Article VIIIIX, Borrower may request the Advance of the Term Loan by submitting an Advance Request to Administrative Agent, and Administrative Agent shall promptly notify each Lender of the Advance Request and its contents. An Advance Request is irrevocable and binding on Borrower. Each Advance Request must be received by Administrative Agent no later than 12:00 p.m. Houston, Texas, Time on the third (3rd) Business Day preceding the proposed Advance date.

Appears in 1 contract

Samples: Secured Credit Agreement (Petroquest Energy Inc)

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Advance Procedure. (a) Subject to compliance with Section 1.4 1.5 and Article VIII, Borrower may request the Advance of the Loan by submitting an Advance Request to Administrative Agent, and Administrative Agent shall promptly notify each Lender of the Advance Request and its contents. An Advance Request is irrevocable and binding on Borrower. Each Advance Request must be received by Administrative Agent no later than 12:00 p.m. Houston, Texas, Time on the third (3rd) Business Day preceding the proposed Advance date.

Appears in 1 contract

Samples: Credit Agreement (American Standard Energy Corp.)

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