Common use of Borrowers’ Undertaking to Agent Clause in Contracts

Borrowers’ Undertaking to Agent. Without prejudice to their respective obligations to Lenders under the other provisions of this Agreement, 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 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 Borrower's obligations to make payments for the account of Lenders or the relevant one or more of them pursuant to this Agreement.

Appears in 5 contracts

Samples: Loan and Security Agreement (Microwave Power Devices Inc), Security Agreement (Fonda Group Inc), Security Agreement (Fonda Group Inc)

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Borrowers’ Undertaking to Agent. Without prejudice to their respective obligations to 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 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 the relevant Borrower's obligations to make payments for the account of Lenders or the relevant one or more of them pursuant to this Agreement.

Appears in 5 contracts

Samples: Security Agreement (PDS Financial Corp), Security Agreement (Lesco Inc/Oh), Revolving Credit (Trescom International Inc)

Borrowers’ Undertaking to Agent. Without prejudice to their respective obligations to Lenders under the other provisions of this Agreement, 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 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 2 contracts

Samples: Revolving Credit and Security Agreement (Cygne Designs Inc), Security Agreement (Danskin Inc)

Borrowers’ Undertaking to Agent. Without prejudice to their respective its obligations to 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 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 Borrower's Borrowers' obligations to make payments for the account of Lenders the Lender Group or the relevant one or more of them pursuant to this Agreement.

Appears in 1 contract

Samples: Loan Agreement (K Tron International Inc)

Borrowers’ Undertaking to Agent. Without prejudice to their respective its obligations to Lenders under the other provisions of this Agreement, Borrower Borrowers hereby undertakes undertake 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 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 Borrower's the relevant Borrowers' obligations to make payments for the account of Lenders or the relevant one or more of them pursuant to this Agreement.

Appears in 1 contract

Samples: Revolving Credit (Teamstaff Inc)

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Borrowers’ Undertaking to Agent. Without prejudice to their respective its obligations to the Lenders under the other provisions of this Agreement, 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 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 (Security Capital Corp/De/)

Borrowers’ Undertaking to Agent. Without prejudice to their respective obligations to Lenders under the other provisions of this Agreement, 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 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 Borrower's obligations to make payments for the account of Lenders or the relevant one or more of them pursuant to this Agreement.

Appears in 1 contract

Samples: Security Agreement (Dreamlife Inc)

Borrowers’ Undertaking to Agent. Without prejudice to their respective obligations to 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 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 the relevant Borrower's obligations to make payments for the account of Lenders or the relevant one or more of them pursuant to this Agreement.

Appears in 1 contract

Samples: Security Agreement (Waxman Industries Inc)

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