Common use of Borrowers’ Undertaking to Agent Clause in Contracts

Borrowers’ Undertaking to Agent. Without prejudice to its obligations to Lenders under the other provisions of this Agreement, Borrowers hereby 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 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 and Security Agreement (Teamstaff Inc)

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Borrowers’ Undertaking to Agent. Without prejudice to its their respective obligations to Lenders under the other provisions of this Agreement, Borrowers each Borrower hereby undertake 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 Borrowers' 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: Revolving Credit, Term Loan and Security Agreement (Waxman Industries Inc)

Borrowers’ Undertaking to Agent. Without prejudice to its their respective obligations to Lenders under the other provisions of this Agreement, Borrowers Borrower hereby undertake 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 Borrowers' 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: Revolving Credit and Security Agreement (Dreamlife Inc)

Borrowers’ Undertaking to Agent. Without prejudice to its obligations to Lenders under the other provisions of this Agreement, Borrowers each Borrower hereby undertake 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 the relevant 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)

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Borrowers’ Undertaking to Agent. Without prejudice to its obligations to the Lenders under the other provisions of this Agreement, Borrowers Borrower hereby undertake 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 the relevant Borrowers' 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/)

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