Common use of Designated Account Clause in Contracts

Designated Account. Agent and the Lender Group is authorized to make the 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, or without instructions if pursuant to Section 2.7(d). Administrative Borrower shall maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Advances requested by Borrowers and made by the Lender Group hereunder. Unless otherwise agreed by Agent and Borrowers, any Advance requested by Borrowers and made by the Lender Group hereunder shall be made to the Designated Account.

Appears in 2 contracts

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

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Designated Account. Agent and the Lender Group is are authorized to make the 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, or without instructions if pursuant to Section 2.7(d2.7(e). Administrative Borrower shall agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Advances requested by Borrowers Administrative Borrower and made by the Lender Group hereunder. Unless otherwise agreed by Agent and BorrowersAdministrative Borrower, any Advance requested by Borrowers and made by the Lender Group hereunder shall be made to the Designated Account.

Appears in 2 contracts

Samples: Loan and Security Agreement (Childrens Place Retail Stores Inc), Loan and Security Agreement (Childrens Place Retail Stores Inc)

Designated Account. Agent and the Lender Group is authorized to make the Advances and issue arrange for the issuance of the Letters of Credit 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 2.7(d2.7(e). Administrative Borrower shall agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Advances requested by Borrowers Borrower and made by the Lender Group hereunder. Unless otherwise agreed by Agent and BorrowersBorrower, any Advance requested by Borrowers Borrower and made by the Lender Group hereunder shall be made to the Designated Account.

Appears in 2 contracts

Samples: Loan and Security Agreement (Texas New Mexico & Oklahoma Coaches Inc), Loan and Security Agreement (Vermont Transit Co Inc)

Designated Account. Agent and the Lender Group is are authorized to make the 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, or without instructions if pursuant to Section 2.7(d2.7(e). Administrative Borrower shall -------------- Borrowers agrees to establish and maintain the a single Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Advances requested by Borrowers and made by the Lender Group hereunder. Unless otherwise agreed by Agent and Borrowers, any Advance requested by Borrowers and made by the Lender Group hereunder shall be made to the Designated Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Leslies Poolmart Inc)

Designated Account. Agent and the Lender Group is are authorized to make the Advances and issue Advances, the Letters of Credit and 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 2.7(d2.7(e). Administrative Borrower shall agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Advances and the Term Loans requested by Borrowers Borrower and made by the Lender Group hereunder. Unless otherwise agreed by Agent and BorrowersBorrower, any Advance and the Term Loans requested by Borrowers Borrower and made by the Lender Group hereunder shall be made to the Designated Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Thomaston Mills Inc)

Designated Account. Agent and the Lender Group is authorized to make the Advances and issue the Letters of Credit Credit, and issue 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 2.7(dSECTION 2.7(e). Administrative Borrower shall agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Advances requested by Borrowers Borrower and made by the Lender Group hereunder. Unless otherwise agreed by Agent and BorrowersBorrower, any Advance requested by Borrowers Borrower and made by the Lender Group hereunder shall be made to the Designated Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Gantos Inc)

Designated Account. Agent and the Lender Group is are authorized to make the Advances and issue to arrange the Letters of Credit 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 2.7(d2.7(e). Administrative Borrower shall agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Advances requested by Borrowers Borrower and made by the Lender Group hereunder. Unless otherwise agreed by Agent and BorrowersBorrower, any Advance requested by Borrowers Borrower and made by the Lender Group hereunder shall be made to the Designated Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Samuels Jewelers Inc)

Designated Account. Administrative Agent and the Lender Group is authorized to make the 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, or without instructions if pursuant to Section 2.7(dSECTION 2.7(e). Administrative Borrower shall agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Advances requested by Borrowers Borrower and made by the Lender Group hereunder. Unless otherwise agreed by Administrative Agent and BorrowersBorrower, any Advance requested by Borrowers Borrower and made by the Lender Group hereunder shall be made to the Designated Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Natural Wonders Inc)

Designated Account. Agent and the Lender Group is are authorized to make the 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, or without instructions if pursuant to Section 2.7(dSECTION 2.7(e). Administrative Borrower shall agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Advances requested by Borrowers Borrower and made by the Lender Group hereunder. Unless otherwise agreed by Agent and BorrowersBorrower, any Advance requested by Borrowers Borrower and made by the Lender Group hereunder shall be made to the Designated Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Childrens Place Retail Stores Inc)

Designated Account. Administrative Agent and the Lender Group is Lenders are authorized to make the Advances Advances, and issue the Letters of Credit under this Agreement based upon telephonic or other instructions received from anyone purporting to be an Authorized Persona Financial Officer of Borrower, or without instructions if pursuant to Section 2.7(d2.6(e). Administrative Borrower shall agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Advances requested by Borrowers Borrower and made by Administrative Agent or the Lender Group Lenders hereunder. Unless otherwise agreed by Administrative Agent and BorrowersBorrower, any Advance requested by Borrowers Borrower and made by the Lender Group hereunder shall be made to the Designated Account.

Appears in 1 contract

Samples: Loan Agreement (Ram Energy Resources Inc)

Designated Account. Agent and any other member of the Lender Group is authorized to make the Advances and issue the Letters of Credit Loans under this Agreement based upon telephonic or other instructions received from anyone purporting to be an Authorized PersonPerson or, or without instructions instructions, if pursuant to Section 2.7(dβ€Ž2.6(d). Administrative Borrower shall agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Advances Loans requested by Borrowers Borrower and made by Agent or the Lender Group Lenders hereunder. Unless otherwise agreed by Agent and BorrowersBorrower, any Advance Loan requested by Borrowers Borrower and made by Agent or the Lender Group Lenders hereunder shall be made to the Designated Account.

Appears in 1 contract

Samples: Credit Agreement (Pernix Therapeutics Holdings, Inc.)

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Designated Account. Agent and the Lender Group is are authorized to make the 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, or without instructions if pursuant to Section 2.7(d2.6(e). Administrative Borrower shall Borrowers agree to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Advances requested by Borrowers and made by the Lender Group hereunder. Unless otherwise agreed by Agent and Borrowers, any Advance requested by Borrowers and made by the Lender Group hereunder shall be made to the Designated Account.

Appears in 1 contract

Samples: Loan and Security Agreement (RDM Sports Group Inc)

Designated Account. Agent and the Lender Group is authorized to make the 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, or without instructions if pursuant to Section 2.7(d2.7(e). Administrative Borrower shall agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Advances requested by Borrowers Borrower and made by the Lender Group hereunder. Unless otherwise agreed by Agent and BorrowersBorrower, any Advance requested by Borrowers Borrower and made by the Lender Group hereunder shall be made to the Designated Account.

Appears in 1 contract

Samples: Agency Agreement (Franks Nursery & Crafts Inc)

Designated Account. Agent and the Lender Group is are authorized to make the 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, or without instructions if pursuant to Section 2.7(d2.1(h). Administrative Borrower shall agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Advances requested by Borrowers Borrower and made by the Lender Group hereunder. Unless otherwise agreed by Agent and BorrowersBorrower, any Advance requested by Borrowers Borrower and made by the Lender Group hereunder shall be made to the Designated Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Areawide Cellular Inc)

Designated Account. Agent and the Lender Group is are authorized to make the 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, or without instructions if pursuant to Section 2.7(d2.7(e). Administrative Borrower shall Borrowers agrees to establish and maintain the a single Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Advances requested by Borrowers and made by the Lender Group hereunder. Unless otherwise agreed by Agent and Borrowers, any Advance requested by Borrowers and made by the Lender Group hereunder shall be made to the Designated Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Leslies Poolmart Inc)

Designated Account. Agent and the Lender Group is are each authorized to make the Advances and issue Advances, the Letters of Credit and 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 2.7(d2.6(e). Administrative Borrower shall maintain agrees that the Designated Account with the Designated Account Bank is the account to be used for the purpose of receiving the proceeds of the Advances requested by Borrowers Borrower and made by the Lender Group hereunder. Unless otherwise agreed by Agent and BorrowersBorrower, any Advance requested by Borrowers Borrower and made by the Lender Group hereunder shall be made to the Designated Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Todays Man Inc)

Designated Account. Agent and the Lender Group is are authorized to make the Advances and to issue the Letters of Credit 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 2.7(d2.8(e). Administrative Borrower shall Borrowers agree to establish and maintain the a single Designated Account with the Designated Account Bank (which at all times shall be Restricted Account) for the purpose of receiving the proceeds of the Advances requested by Borrowers and made by the Lender Group hereunder. Unless otherwise agreed by Agent and Borrowers, any Advance requested by Borrowers and made by the Lender Group hereunder shall be made to the Designated Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Leslies Poolmart Inc)

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