Advances and Repayments. RCA acknowledges that the Customer’s indebtedness to Bank evidenced by the Bank Credit Agreement may, from time to time, be paid in full and that additional indebtedness may arise thereafter as a result of additional extension of credit made by Bank under Bank’s Credit Agreement to Customer. RCA agrees that such advances, repayments and readvances shall not affect the respective rights of Bank and RCA under this Agreement.
Advances and Repayments. 2.1 Once We have entered into this Agreement, We will pay the agreed amount by direct payment into Your nominated bank account ("the Account") using the details which You have provided Us. We will then inform You either by text message or email when the advance is being processed and when it has been sent to the Account.
2.2 You confirm and agree that at the date of applying for and entering into the Agreement and for so long as any amounts are owed by You to Us, You are not:
a) Under 18 years old
b) in a debt management plan (or similar scheme) or considering entering a debt management plan (or similar scheme);
c) in an individual voluntary arrangement ("IVA") nor considering entering into an IVA.;
d) bankrupt or considering filing for bankruptcy;
e) under notice of termination of employment, redundancy or any other notice which could affect Your employment status;
f) in receipt of statutory sick pay or suffering from any medical condition which would cause You to apply for statutory sick pay during the period of which an advance is outstanding;
g) in receipt of any benefits instead of Your usual wages, salary or other income declared to Us in Your application.
2.3 You will inform Us immediately of any changes to Your bank details, contact details or employment details, or of any other changes in circumstances which may adversely impact Your ability to make payments under the Agreement.
2.4 By signing the Agreement, You confirm that Your wages are regularly paid into the Account which is connected to the debit card You have registered with Us. You also agree to ensure that there are sufficient funds available in the Account on the agreed repayment date(s) to cover any advance, interest and any fees to Us.
2.5 You authorise Us to collect repayments and any other payments under the Agreement from You by debiting the debit card which You have registered with Us.
2.6 Each date for payment referred to in Your Loan Statement (Key Financial Information) is a
Advances and Repayments. During the period commencing on the date of this Loan Agreement and ending on May __, 2014 (or such later date as may be designated by the Bank by written notice from the Bank to the Borrowers) (the “Line of Credit Maturity Date”), and so long as the Borrowers remain in compliance with all covenants, terms and conditions of this Agreement, the Bank will permit the Borrowers to borrow, repay and re-borrow under the Line of Credit sums which shall not exceed $1,150,000.00 in the aggregate amount outstanding at any one time (the “Maximum Amount”). All borrowings at any time outstanding under the Line of Credit shall be evidenced by the Line of Credit Note. The Borrowers shall pay interest to the Bank on the outstanding principal balance of the Line of Credit at the rate determined in accordance with Section 2(c), below, and shall pay the entire principal amount outstanding under the Line of Credit, with accrued and unpaid interest thereon, on the Line of Credit Maturity Date.
Advances and Repayments. Any amounts advanced hereon may be repaid and re-advanced from time to time. This Note shall evidence all advances made under this Note or Pursuant to any future agreement between the parties which specifically provides that advances shall be covered by this Note (collectively, "Advances"). All Advances and all payments made on account of the principal and interest hereof shall be recorded by Lender, which records shall be conclusive and binding on the Borrower; but Lender's failure to record shall not release Borrower from any of its obligations hereunder.
Advances and Repayments. This Note evidences advances that Lender may make to Borrower from time to time. Subject to the foregoing, Borrower may borrow and repay (subject to Section 2.5 hereof) all or any part of the Loan and reborrow same, provided that except for any required prepayment made under Section 5.3, each borrowing and each repayment shall be in a minimum amount equal to $100,000 (or other currency equivalent) or such other minimum amount (not less than $100,000 (or other currency equivalent)) as Lender in its sole discretion may determine from time to time. Any advances that Lender may make to Borrower shall be in U.S. Dollars, unless Borrower requests another currency in accordance with Section 2.2(a) and Lender, in its sole discretion, agrees to make the advance in such other currency.
Advances and Repayments. Advances will be deposited in and repayments will be withdrawn from the accounts of the County with Bank, which account number is , or such other accounts with Bank as designated in writing by an Authorized Person. Borrower hereby irrevocably authorizes and directs Bank to make such debits. The arrangement in this Section 2.3 to debit such demand deposit account shall not restrict Bank’s right to collect any amounts due under the Loan Documents from any revenues or funds of Borrower, or otherwise available for payment of such amounts, including, without limitation, all non-restricted operating revenues of Borrower.
Advances and Repayments. Date Amount Advance (A) Outstanding Principal ---- ------ ----------- --------------------- or Repayment (R) Balance ---------------- ------- July 15, 2005 $300,000.00 Advance $300,000.00 EXHIBIT C Description of Real Property BEING all of Lot 3, Block B, of KINGSLEY ROAD PROPERTIES INDUSTRIAL DISTRICT, an axxxxxxx xx xxx Xxxx xx Xxxxxxx, Dallas County, Texas, recorded in Volume 49, Page 41, of xxx Xxx Xxxxxxs of DALLAS County, Texas, said lot being more particularly described as follows; BEGINNING at a nail set in the west R.O.W. line of Industrial Lane (a 60' R.O.W.) and at the common southeast corner of said Lot 3 and the northeast corner of Lot 2 of said addition, said point being the N 00(degree) 10' 02" E, 793.71 feet from the present intersection of the west line of Industrial Lane with the north R.O.W. line of Kingsley Road (a variable width R.O.W.); THENCE N 89(degree) 49' 58" X, 000.64 feet along the common line of said Lots 2 and 3 to a 1/2" iron rod set in the east line of a 50' wide railroad spur; THENCE N 00(degree) 34' 00" E, 400.01 feet along the east line of said railroad spur to a cross cut at the common northwest corner of said Lot 3 and the southwest corner of Lot 4 of said addition; THENCE S 89(degree) 49' 58" E, 325.85 feet along the common line of said Lots 3 and 4 to a 1/2" iron rod set in the west line of Industrial Lane; THENCE S 00(degree) 10' 02" W, 400.00 feet along the west line of Industrial Lane to the point of beginning and containing 130,897.14 square feet or 3.0050 acres of land, more or less. EXHIBIT D Subscription Agreement SUBSCRIPTION AGREEMENT This SUBSCRIPTION AGREEMENT (the "Agreement") is made and entered into as of July ___, 2005, by and among MEDSOLUTIONS, INC., a Texas corporation (the "Company"), and TATE INVESTMENTS, LLC, (the "Purchaser").
Advances and Repayments. The process of borrowing involves revolving advances of money by Libro, payments by the undersigned, and re-advances by Libro. The undersigned understands that Libro will not advance the Account any money under this Promissory Note unless there are insufficient funds in the Account to cover a cheque drawn by the Account holder, cash withdrawal, and/or transfer of funds from the Account as requested or authorized. In that case, Libro will advance money to the Account by honouring the cheque, disbursing the cash, processing the transfer of funds and/or authorizing the negative balance on the Account. Thus, a negative balance on the Account will be considered the principal balance owing by the Account holder to Libro (the “Principal”). The Account holder understands that all deposits to the Account will be taken as payments for the Indebtedness and the Account holder shall make deposits at least once every 30 days such that the Account is brought into a positive balance at least every 90 days. The Owner will not be required to make any particular payments at any particular time except that they promise to pay the Indebtedness on demand. Libro may apply payments as set out above at any time, and from time to time, without notice. The Owner may pay the Indebtedness at any time, and from time to time, without notice, bonus, or penalty.
Advances and Repayments
