Common use of Authorization to Make Revolving Loans Clause in Contracts

Authorization to Make Revolving Loans. Each Borrower hereby authorizes Lender, in its sole discretion, to charge any of such Borrower’s accounts or advance Revolving Loans to make any payments of principal, interest, fees, costs or expenses required to be made under the Loan Documents.

Appears in 1 contract

Samples: Credit and Security Agreement (LIVE VENTURES Inc)

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Authorization to Make Revolving Loans. Each Borrower hereby authorizes Lender, in its sole discretion, to charge any of such Borrower’s accounts or advance Revolving Loans to make any payments of principal, interest, fees, costs or expenses required to be made under the Loan Documents.

Appears in 1 contract

Samples: Credit and Security Agreement (Mendocino Brewing Co Inc)

Authorization to Make Revolving Loans. Each Borrower hereby authorizes Lender, in its sole discretion, to charge any of such Borrower’s accounts or advance Revolving Loans to make any payments of principal, interest, fees, costs or expenses required to be made under the Loan Documents.

Appears in 1 contract

Samples: Credit and Security Agreement (LIVE VENTURES Inc)

Authorization to Make Revolving Loans. Each Borrower Borrowers hereby authorizes authorize Lender, in its sole reasonable discretion, to charge any of such Borrower’s Borrowers’ accounts or advance Revolving Loans to make any payments of principal, interest, fees, costs or expenses required to be made under the Loan DocumentsDocuments and not made by Borrowers when due.

Appears in 1 contract

Samples: Credit and Security Agreement (Lime Energy Co.)

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Authorization to Make Revolving Loans. Each Borrower Borrowers hereby authorizes authorize Lender, in its sole discretion, to charge any of such Borrower’s Borrowers’ accounts or advance Revolving Loans to make any payments of principal, interest, fees, costs or expenses required to be made under the Loan Documents.

Appears in 1 contract

Samples: Credit and Security Agreement (Clark Holdings Inc.)

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