Common use of Borrowers’ Undertaking to Agent Clause in Contracts

Borrowers’ Undertaking to Agent. Without prejudice to their ------------------------------- respective obligations to the Lenders under the other provisions of this Agreement, each Borrower hereby undertakes with Agent to pay to Agent from time to time on demand all amounts from time to time due and payable by it for the account of Agent or the Lenders or any of them pursuant to this Agreement to the extent not already paid. Any payment made pursuant to any such demand shall pro --- tanto satisfy Borrowers' obligations to make payments for the account of the ----- Lenders or the relevant one or more of them pursuant to this Agreement.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Styrochem International Inc), Revolving Credit and Security Agreement (Styrochem International LTD)

AutoNDA by SimpleDocs

Borrowers’ Undertaking to Agent. Without prejudice to their its ------------------------------- respective obligations to the Agent or Lenders under the other provisions of this Agreement, each Borrower hereby undertakes with Agent to pay to Agent from time to time on demand all amounts from time to time due and payable by it for the account of Agent or the Lenders or any of them pursuant to this Agreement to the extent not already paid. Any payment made pursuant to any such demand shall pro tanto --- tanto ----- satisfy Borrowers' the Borrower's obligations to make payments for the account of the ----- Lenders or the relevant one or more of them pursuant to this Agreement.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (World Wrestling Federation Entertainment Inc)

Borrowers’ Undertaking to Agent. Without prejudice to their ------------------------------- respective obligations to the Lenders under the other provisions of this Agreement, each Borrower hereby undertakes with Agent to pay to Agent from time to time on demand all amounts from time to time due and payable by it for the account of Agent or the Lenders or any of them pursuant to this Agreement to the extent not already paid. Any payment made pursuant to any such demand shall pro --- tanto satisfy Borrowers' obligations to make payments for the account of the --- ----- Lenders or the relevant one or more of them pursuant to this Agreement.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Radnor Holdings Corp)

Borrowers’ Undertaking to Agent. Without prejudice to their ------------------------------- respective obligations to the Lenders under the other provisions of this Agreement, each Borrower hereby undertakes with Agent to pay to Agent from time to time on demand all amounts from time to time due and payable by it for the account of Agent or the Lenders or any of them pursuant to this Agreement to the extent not already paid. Any payment made pursuant to any such demand shall pro tanto --- tanto ----- satisfy Borrowers' the relevant Borrower's obligations to make payments for the account of the ----- Lenders or the relevant one or more of them pursuant to this Agreement.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Air Methods Corp)

AutoNDA by SimpleDocs

Borrowers’ Undertaking to Agent. Without prejudice to their ------------------------------- respective obligations to the Lenders under the other provisions of this Agreement, each Borrower hereby undertakes with Agent to pay to Agent from time to time on demand all amounts from time to time due and payable by it for the account of Agent or the Lenders or any of them pursuant to this Agreement to the extent not already paid. Any payment made pursuant to any such demand shall pro --- tanto PRO TANTO satisfy Borrowers' the relevant Borrower's obligations to make payments for the account of the ----- Lenders or the relevant one or more of them pursuant to this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Lets Talk Cellular & Wireless Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!