Common use of Advances to Satisfy Obligations of Borrower Clause in Contracts

Advances to Satisfy Obligations of Borrower. Bank may, but shall not be obligated to, make advances hereunder and apply same to the satisfaction of any condition, warranty, representation or covenant of Borrower contained in this Agreement, and the funds so advanced and applied shall be part of the Loan proceeds advanced under this Agreement and evidenced by the Note.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Midland Resources Inc /Tx/), And Combined Loan Agreement (Carrizo Oil & Gas Inc), Loan Agreement (Carrizo Oil & Gas Inc)

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Advances to Satisfy Obligations of Borrower. Bank may, but shall not be obligated to, make advances hereunder and apply same to the satisfaction of any condition, warranty, representation or covenant of Borrower contained in this Agreement, Agreement and/or the Guaranty and the funds so advanced and applied shall be part of the Loan proceeds advanced under this Agreement and evidenced by the Note.Agreement

Appears in 1 contract

Samples: Credit Agreement (Eagle Geophysical Inc)

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