Common use of Borrower’s Instructions Clause in Contracts

Borrower’s Instructions. (a) The Bank may honor instructions for advances or repayments or for the designation of optional interest rates given, or purported to be given, by any one of the Authorized individuals. Such instructions may be given in writing or by telephone, telefax or internet and intranet websites designated by the Bank with respect to separate products or services offered by the Bank. The Bank’s obligation to act on such instructions is subject to the terms, conditions and procedures stated elsewhere in this Agreement. (b) Except as specified elsewhere in this Agreement or as otherwise agreed between the Bank and the Borrower, advances will be deposited in and repayments will be withdrawn from account number MA-46834434352 owned by the Borrower or such other of the Borrower’s accounts with the Bank as designated in writing by the Borrower. (c) The Borrower will indemnify and hold the Bank harmless from all liability, loss, and costs in connection with any act resulting from instructions the Bank reasonably believes are made by any Authorized Individual, whether such instructions are given in writing or by telephone, telefax or electronic communications (including e-mail, internet and intranet websites). This paragraph will survive this Agreements termination, and will benefit the Bank and its officers, employees, and agents.

Appears in 4 contracts

Samples: Loan Agreement (Wayfair Inc.), Loan Agreement (Wayfair Inc.), Loan Agreement (Wayfair Inc.)

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Borrower’s Instructions. (a) The Bank may honor instructions for advances or repayments or for the designation of optional interest rates given, or purported to be given, by any one of the Authorized individualsIndividuals. Such instructions may be given in writing or by telephone, telefax or internet Internet and intranet websites designated by the Bank with respect to separate products or services offered by the Bank. The Bank’s 's obligation to act on such instructions is subject to the terms, conditions and procedures stated elsewhere in this Agreement. (b) Except as specified elsewhere in this Agreement or as otherwise agreed between the Bank and the Borrower, advances will be deposited in and repayments will be withdrawn from account number MA-46834434352 CA-14993-14357 owned by the Borrower Borrower, or such other of the Borrower’s 's accounts with the Bank as designated in writing by the Borrower. (c) The Borrower will indemnify and hold the Bank harmless from all liability, loss, and costs in connection with any act resulting from instructions the Bank reasonably believes are made by any Authorized Individual, whether such instructions are given in writing or by telephone, telefax or electronic communications (including e-mail, internet Internet and intranet websites). This paragraph will survive this Agreements Agreement's termination, and will benefit the Bank and its officers, employees, and agents.

Appears in 1 contract

Samples: Loan Agreement (American Shared Hospital Services)

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