Common use of Authority to Borrow Clause in Contracts

Authority to Borrow. We authorize you to advance your funds for our account (charging current interest rates) and to arrange loans for our account for the purpose of carrying out this Agreement, and in connection therewith to execute and deliver any notes or other instruments, and to hold, or pledge as security therefor, all or any part of our Securities of the Company purchased hereunder for our account. Any lending bank is hereby authorized to accept your instructions as Representative in all matters relating to such loans. Any part of our Securities held by you, may be delivered to us for carrying purposes, and if so delivered, will be redelivered to you upon demand.

Appears in 17 contracts

Samples: Underwriting Agreement (Whitney Information Network Inc), Underwriting Agreement (Immtech International Inc), Underwriting Agreement (Automotive One Parts Stores Inc)

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Authority to Borrow. We In connection with the purchase or carrying of our Securities or other securities purchased for our account, we authorize you you, in your discretion, to advance your funds for our account (account, charging current interest rates) and , to arrange loans for our account for the purpose of carrying out this Agreementaccount, and in connection therewith to execute and deliver any notes or other instruments, instruments and to hold, hold or pledge as security therefor, all or any part of our Securities of the Company purchased hereunder for our accountor such other securities. Any lending bank is hereby authorized to accept lender may rely upon your instructions as Representative in all matters relating to any such loansloan. Any part of our Securities or such other securities held by you, you for our account may be delivered to us for carrying purposes, and if so delivered, delivered will be redelivered to you upon demand.

Appears in 12 contracts

Samples: Master Agreement (Managed High Yield Plus Fund Inc), Master Agreement (Dreyfus High Yield Strategies Fund), Master Agreement (Eaton Vance California Municipal Income Trust)

Authority to Borrow. We authorize you to advance your funds for our account (charging current interest rates) and to arrange loans for our account or the account of the Underwriters for the purpose of carrying out this Agreement, and in connection therewith to execute and deliver any notes or other instruments, instruments and to hold, hold or pledge as security therefor, therefor all or any part of our Securities of the Company purchased hereunder for our account. Any lending bank lender is hereby authorized to accept your instructions as Representative in all matters relating to such loans. Any part of our Securities so held by you, you may be delivered to us for carrying purposespurposes and, and if so delivered, will be redelivered to you upon demand.

Appears in 2 contracts

Samples: Underwriting Agreement (Rosedale Decorative Products LTD), Underwriting Agreement (Conserver Corp of America)

Authority to Borrow. We authorize you to advance your funds for our account (charging current interest rates) and to arrange loans for our account or the account of the Underwriters for the purpose of carrying out this Agreement, and in connection therewith to execute and deliver any notes or other instruments, and to hold, handle or pledge as security therefor, therefor all or any part of our Securities of the Company Units purchased hereunder for our account. Any lending bank lender is hereby authorized to accept your instructions as Representative in all matters relating to such loans. Any part of our Securities so held by you, you may be delivered to us for carrying purposespurposes and, and if so delivered, will be redelivered to you upon demand.

Appears in 2 contracts

Samples: Underwriting Agreement (NGTV), Underwriting Agreement (NGTV)

Authority to Borrow. We authorize you to advance your funds for our account (charging current interest rates) and to arrange loans for our account or the account of the Underwriters for the purpose of carrying out this Agreement, and in connection therewith to execute and deliver any notes or other instruments, and to hold, handle or pledge as security therefor, therefor all or any part of our Securities of the Company Units purchased hereunder for our account. Any lending bank lender is hereby authorized to accept your instructions as Representative in all matters relating to such loans. Any part of our Securities Units so held by you, you may be delivered to us for carrying purposespurposes and, and if so delivered, will be redelivered to you upon demand.

Appears in 1 contract

Samples: Underwriting Agreement (NGTV)

Authority to Borrow. We authorize you to advance your funds for our account (charging current interest rates) and to arrange loans for our account for the purpose of carrying out this Agreement, and in connection therewith to execute and deliver any notes or other instruments, instruments and to hold, hold or pledge as security therefor, therefor all or any part of our Securities of the Company Shares purchased hereunder for our account. Any lending bank is hereby authorized to accept your instructions as Representative in all matters relating to such loans. Any part of our Securities Shares held by you, you may be delivered to us for carrying purposespurposes and, and if so delivered, will be redelivered to you upon demand.

Appears in 1 contract

Samples: Underwriting Agreement (Ready Mix, Inc.)

Authority to Borrow. We authorize you to advance your funds for our account (charging current interest rates) and to arrange loans for our account for the purpose of carrying out this Agreement, and in connection therewith to execute and deliver any notes or other instruments, instruments and to hold, hold or pledge as security therefor, therefor all or any part of our Securities Shares or any other shares of common stock of the Company purchased hereunder for our account. Any lending bank is hereby authorized to accept your instructions as Representative in all matters relating to such loans. Any part of our Securities Shares or of such other common stock held by you, you may be delivered to us for carrying purposespurposes and, and if so delivered, will be redelivered to you upon demand.

Appears in 1 contract

Samples: Underwriting Agreement (HLM Design Inc)

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Authority to Borrow. We authorize you to advance your funds for our account (charging current interest rates) and to arrange loans for our account for the purpose of carrying out this Agreement, and in connection therewith therewith, to execute and deliver any notes or other instruments, and to hold, or pledge as security therefor, all or any part of our Securities of the Company purchased hereunder for our account. Any lending bank is hereby authorized to accept your instructions as Representative in all matters relating to such loans. Any part of our Securities held by you, may be delivered to us for carrying purposes, and if so delivered, will be redelivered to you upon demand.

Appears in 1 contract

Samples: Underwriting Agreement (Mgi2 Inc)

Authority to Borrow. We authorize you to advance your funds for our account (charging current interest rates) and to arrange loans for our account for the purpose of carrying out this Agreement, and in connection therewith to execute and deliver any notes or other instruments, instruments and to hold, hold or pledge as security therefor, therefore all or any part of our Securities of the Company Shares purchased hereunder for our account. Any lending bank is hereby authorized to accept your instructions as Representative in all matters relating to such loans. Any part of our Securities Shares held by you, you may be delivered to us for carrying purposespurposes and, and if so delivered, will be redelivered to you upon demand.

Appears in 1 contract

Samples: Underwriting Agreement (Ready Mix, Inc.)

Authority to Borrow. We authorize you to advance your funds for our account (charging current interest rates) and to arrange loans for our account or the account of the Underwriters for the purpose of carrying out this Agreement, and in connection therewith to execute and deliver any notes or other instruments, instruments and to hold, hold or pledge as security therefor, therefor all or any part of our Securities of the Company Units purchased hereunder for our account. Any lending bank lender is hereby authorized to accept your instructions as Representative in all matters relating to such loans. Any part of our Securities the Units so held by you, you may be delivered to us for carrying purposespurposes and, and if so delivered, will be redelivered to you upon demand.

Appears in 1 contract

Samples: Underwriting Agreement (Hotel Discovery Inc)

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