Common use of Designated Account Clause in Contracts

Designated Account. Agent is authorized to make the Term Loans under this Agreement based upon telephonic or other instructions received from anyone purporting to be an Authorized Person or, without instructions, if pursuant to Section 2.6(d). Borrower agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Term Loans requested by Borrower and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and Borrower, any Term Loan requested by Borrower and made by Agent or the Lenders hereunder shall be made to the Designated Account.

Appears in 3 contracts

Samples: Credit Agreement (Nuverra Environmental Solutions, Inc.), Bridge Term Loan Credit Agreement (Nuverra Environmental Solutions, Inc.), Second Lien Term Loan Credit Agreement (Nuverra Environmental Solutions, Inc.)

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Designated Account. Agent is authorized to make the Term Loans Advances under this Agreement based upon telephonic or other instructions received from anyone purporting to be an Authorized Person or, without instructions, if pursuant to Section 2.6(d2.5(c). Borrower agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Term Loans Advances requested by Borrower and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and Borrower, any Term Advance, Agent Advance, or Swing Loan requested by Borrower and made by Agent or the Lenders hereunder shall be made to the Designated Account.

Appears in 3 contracts

Samples: Loan and Security Agreement (Hercules Technology Growth Capital Inc), Loan and Security Agreement (Horizon Technology Finance Corp), Loan and Security Agreement (Hercules Technology Growth Capital Inc)

Designated Account. Agent is authorized to make the Term Loans Advances under this Agreement based upon telephonic or other instructions received from anyone purporting to be an Authorized Person or, without instructions, if pursuant to Section 2.6(d2.2(d). Borrower Xxxxxxxx agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Term Loans Advances requested by Borrower Xxxxxxxx and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and Borrower, any Term Advance or Swing Loan requested by Borrower Xxxxxxxx and made by Agent or the Lenders hereunder shall be made to the Designated Account.

Appears in 2 contracts

Samples: Loan and Security Agreement (Sunrise Realty Trust, Inc.), Loan and Security Agreement (Sunrise Realty Trust, Inc.)

Designated Account. Agent is authorized to make the Term Loans Advances under this Agreement based upon telephonic or other instructions received from anyone purporting to be an Authorized Person orPerson, or without instructions, instructions if pursuant to Section 2.6(d2.3(c). Borrower agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Term Loans Advances requested by Borrower and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and Borrower, any Term Loan Advance or Agent Advance requested by Borrower and made by Agent or the Lenders hereunder shall be made to the Designated Account.

Appears in 2 contracts

Samples: Loan and Security Agreement (Unified Grocers, Inc.), Loan and Security Agreement (Unified Grocers, Inc.)

Designated Account. Agent and the Lender Group is authorized to make the Term Loans Advances and issue the Letters of Credit under this Agreement based upon telephonic or other instructions received from anyone purporting to be an Authorized Person orPerson, or without instructions, instructions if pursuant to Section 2.6(d2.7(d). Administrative Borrower agrees to establish and shall maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Term Loans Advances requested by Borrower Borrowers and made by Agent or the Lenders Lender Group hereunder. Unless otherwise agreed by Agent and BorrowerBorrowers, any Term Loan Advance requested by Borrower Borrowers and made by Agent or the Lenders Lender Group hereunder shall be made to the Designated Account.

Appears in 2 contracts

Samples: Loan and Security Agreement (Fao Inc), Loan and Security Agreement (Right Start Inc /Ca)

Designated Account. Agent is authorized to make the Term Loans Advances and issue the Letters of Credit under this Agreement based upon telephonic or other instructions received from anyone purporting to be an Authorized Person orPerson, or without instructions, instructions if pursuant to Section SECTION 2.6(d). Borrower agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Term Loans Advances requested by Borrower and made by Agent or the Lenders hereunder. Unless otherwise agreed in writing by Agent and Borrower, any Term Advance, Agent Advance, or Swing Loan requested by Borrower and made by Agent or the Lenders hereunder shall be made to the Designated Account.

Appears in 2 contracts

Samples: Loan and Security Agreement (Phonetel Technologies Inc), Loan and Security Agreement (Phonetel Technologies Inc)

Designated Account. Agent is authorized to make the Term Loans Advances under this Agreement based upon telephonic or other instructions received from anyone purporting to be an Authorized Person or, without instructions, if pursuant to Section 2.6(d). Borrower agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Term Loans Advances requested by Borrower and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and Borrower, any Term Advance or Swing Loan requested by Borrower and made by Agent or the Lenders hereunder shall be made to the Designated Account.

Appears in 2 contracts

Samples: Credit Agreement (Alaska Air Group Inc), Credit Agreement (Alaska Air Group Inc)

Designated Account. Agent is authorized to make the Term Loans under this Agreement based upon telephonic or other instructions received from anyone purporting believed by Agent in good faith to be an Authorized Person of Borrower or, without instructions, if pursuant to Section 2.6(d). Borrower agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Term Loans requested by Borrower and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and Borrower, any Term Loan Loans requested by Borrower and made by Agent or the Lenders hereunder shall be made to the Designated Account.

Appears in 2 contracts

Samples: Credit Agreement (Golden Nugget Online Gaming, Inc.), Credit Agreement (Golden Nugget Online Gaming, Inc.)

Designated Account. Agent is authorized to make the Term Loans Advances under this Agreement based upon telephonic or other instructions received from anyone purporting to be an Authorized Person orPerson, or without instructions, instructions if pursuant to Section SECTION 2.6(d). Borrower agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Term Loans Advances requested by Borrower and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and Borrower, any Term Advance, Agent Advance, or Swing Loan requested by Borrower and made by Agent or the Lenders hereunder shall be made to the Designated Account.

Appears in 1 contract

Samples: Loan and Security Agreement (HPSC Inc)

Designated Account. Agent is authorized to make the Term Loans Advances under this Agreement based upon telephonic or other instructions received from anyone purporting to be an Authorized Person orPerson, or without instructions, instructions if pursuant to Section 2.6(dSECTION 2.6(D). Borrower agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Term Loans Advances requested by Borrower and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and Borrower, any Term Advance, Agent Advance, or Swing Loan requested by Borrower and made by Agent or the Lenders hereunder shall be made to the Designated Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Foster Wheeler LTD)

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Designated Account. Agent is authorized to make the Term Loans Advances under this Agreement based upon telephonic or other instructions received from anyone purporting to be an Authorized Person or, without instructions, if pursuant to Section 2.6(d2.2(d). Borrower Bxxxxxxx agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Term Loans Advances requested by Borrower Bxxxxxxx and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and Borrower, any Term Advance or Swing Loan requested by Borrower Bxxxxxxx and made by Agent or the Lenders hereunder shall be made to the Designated Account.

Appears in 1 contract

Samples: Loan and Security Agreement (AFC Gamma, Inc.)

Designated Account. Agent is and the Lender Group are authorized to make the Term Loans Advances under this Agreement based upon telephonic or other instructions received from anyone purporting to be an Authorized Person orPerson, or without instructions, instructions if pursuant to Section 2.6(d2.4(c). Borrower agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Term Loans Advances requested by Borrower and made by Agent or the Lenders Lender Group hereunder. Unless otherwise agreed by Agent and Borrower, any Term Loan Advance requested by Borrower and made by Agent or the Lenders Lender Group hereunder shall be made to the Designated Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Samuels Jewelers Inc)

Designated Account. Agent is authorized to make the Term Loans Advances under this Agreement based upon telephonic or other instructions received from anyone purporting to be an Authorized Person or, without instructions, if pursuant to Section 2.6(d). Administrative Borrower agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Term Loans Advances requested by Borrower Borrowers and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and Administrative Borrower, any Term Advance, Protective Advance, or Swing Loan requested by Borrower Borrowers and made by Agent or the Lenders hereunder shall be made to the Designated Account.

Appears in 1 contract

Samples: Credit Agreement (Trizetto Group Inc)

Designated Account. Agent is authorized to make the Advances and the Term Loans Loan under this Agreement based upon telephonic or other instructions received from anyone purporting to be an Authorized authorized Person of Borrower or, without instructions, if pursuant to Section 2.6(d). Borrower agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Term Loans Advances requested by Borrower and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and Borrower, any Term Loan requested by Borrower Advance or Protective Advance and made by Agent or the Lenders hereunder shall be made to the Designated Account.

Appears in 1 contract

Samples: Credit Agreement (Intapp, Inc.)

Designated Account. Agent is authorized to make the Term Revolving Loans under this Agreement based upon telephonic or other instructions received from anyone purporting to be an Authorized Person or, without instructions, if pursuant to Section 2.6(d). Borrower Parent agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Term Revolving Loans requested by Borrower Xxxxxxxxx and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and BorrowerBorrowers, any Term Revolving Loan requested by Borrower Borrowers and made by Agent or the Lenders hereunder shall be made to the Designated Account.

Appears in 1 contract

Samples: Credit Agreement (Unifi Inc)

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