Common use of Designated Account Clause in Contracts

Designated Account. Agent is authorized to make the Revolving Loans, and Issuing Lender is authorized 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 2.6(d). Borrower agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Revolving Loans requested by Borrower and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and Borrower, any Revolving Loan or Swing Loan requested by Borrower and made by Agent or the Lenders hereunder shall be made to the Designated Account.

Appears in 5 contracts

Samples: Credit Agreement (PROS Holdings, Inc.), Credit Agreement (PROS Holdings, Inc.), Credit Agreement (Quantum Corp /De/)

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Designated Account. Agent is authorized to make the Revolving LoansLoans and the Term Loan, and Issuing Lender Bank is authorized 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 2.6(d). Borrower agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Revolving Loans requested by Borrower and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and Borrower, any Revolving Loan or Swing Loan requested by Borrower and made by Agent or the Lenders hereunder shall be made to the Designated Account.

Appears in 5 contracts

Samples: Credit Agreement (Asure Software Inc), Credit Agreement (Appfolio Inc), Credit Agreement (Appfolio Inc)

Designated Account. Administrative Agent is authorized to make the Revolving Loans, and Issuing Lender Bank is authorized 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 2.6(d). Borrower agrees Borrowers agree to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Revolving Loans requested by Borrower Borrowers and made by Administrative Agent or the Lenders hereunder. Unless otherwise agreed by Administrative Agent and BorrowerBorrowers, any Revolving Loan or Swing Loan requested by Borrower Borrowers and made by Administrative Agent or the Lenders hereunder shall be made to the Designated Account.

Appears in 3 contracts

Samples: Inventory Facility Credit Agreement (Anixter International Inc), Abl Credit Agreement (Cross Country Healthcare Inc), Credit Agreement (Anixter International Inc)

Designated Account. Agent is authorized to make the Revolving Loans, and Issuing Lender Bank is authorized 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 2.6(d). Borrower agrees Borrowers agree to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Revolving Loans requested by Borrower Xxxxxxxxx and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and Administrative Borrower, any Revolving Loan or Swing Loan requested by Borrower Xxxxxxxxx and made by Agent or the Lenders hereunder shall be made to the Designated Account.

Appears in 3 contracts

Samples: Asset Based Revolving Credit Agreement (Par Pacific Holdings, Inc.), Asset Based Revolving Credit Agreement (Par Pacific Holdings, Inc.), Asset Based Revolving Credit Agreement (Par Pacific Holdings, Inc.)

Designated Account. Agent is authorized to make the Revolving LoansLoans and the Term Loan, and Issuing Lender is authorized 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 2.6(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 Revolving Loans requested by Borrower Borrowers and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and BorrowerBorrowers, any Revolving Loan or Swing Loan requested by Borrower Borrowers and made by Agent or the Lenders hereunder shall be made to the Designated Account.

Appears in 3 contracts

Samples: Credit Agreement (Unifi Inc), Credit Agreement (Unifi Inc), Credit Agreement (Unifi Inc)

Designated Account. Agent is authorized to make the Revolving LoansLoans and the Term Loan, and Issuing Lender is authorized 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 2.6(d). Borrower agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Revolving Loans requested by Borrower and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and Borrower, any Revolving Loan 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 (FleetMatics Group PLC), Credit Agreement (FleetMatics Group PLC)

Designated Account. Administrative Agent is authorized to make the Revolving Loans, and Issuing Lender Bank is authorized 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 2.6(d3.1(d). Borrower agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Revolving Loans requested by Borrower and made by Administrative Agent or the Lenders hereunder. Unless otherwise agreed by Administrative Agent and Borrower, any Revolving Loan or Swing Loan requested by Borrower and made by Administrative Agent or the Lenders hereunder shall be made to the Designated Account.

Appears in 1 contract

Samples: Revolving Credit Agreement (Turning Point Brands, Inc.)

Designated Account. Agent is authorized to make the Revolving LoansLoans and the FILO Term Loan, and Issuing Lender Bank is authorized to issue the Letters of Credit, under this Agreement based upon telephonic or other instructions received from anyone purporting who Agent reasonably believes to be an Authorized Person or, without instructions, if pursuant to Section 2.6(d). Borrower agrees Borrowers agree to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Revolving Loans requested by Borrower Borrowers and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and BorrowerBorrowers, any Revolving Loan 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 (Accuride Corp)

Designated Account. Agent is authorized to make the Revolving LoansLoans and the Term Loan, and Issuing Lender Bank is authorized 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 2.6(d). Borrower agrees Borrowers agree to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving Exhibit 10.1 the proceeds of the Revolving Loans requested by Borrower Borrowers and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and BorrowerBorrowers, any Revolving Loan 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 (Chiquita Brands International Inc)

Designated Account. Agent is authorized to make the Revolving Facility Loans, and Issuing Lender Bank is authorized 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 2.6(d). Each Borrower Group agrees to establish and maintain the applicable Designated Account with the applicable Designated Account Bank for the purpose of receiving the proceeds of the Revolving Facility Loans requested by such Borrower Group and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and Borrowera Borrower Group, any Revolving Facility Loan or Swing Loan requested by such Borrower Group and made by Agent or the Lenders hereunder shall be made to the applicable Designated Account.

Appears in 1 contract

Samples: Credit Agreement (Weatherford International PLC)

Designated Account. Agent is authorized to make the Revolving Loans, and Issuing Lender Bank is authorized 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 2.6(d). Borrower agrees Borrowers agree to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Revolving Loans requested by Borrower Xxxxxxxxx and made by Agent or the Lenders hereunder. Unless otherwise agreed by 74 166856726_9 Agent and BorrowerBorrowers, any Revolving Loan or Swing Loan requested by Borrower Xxxxxxxxx and made by Agent or the Lenders hereunder shall be made to the Designated Account.

Appears in 1 contract

Samples: Credit Agreement (Nautilus, Inc.)

Designated Account. Agent is authorized to make the Revolving LoansLoans and the Last-Out Term Loan, and Issuing Lender Bank is authorized 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 2.6(d). Borrower agrees Borrowers agree to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Revolving Loans requested by Borrower Borrowers and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and BorrowerBorrowers, any Revolving Loan 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 (General Finance CORP)

Designated Account. Agent is authorized to make the Revolving Loans and the Term Loans, and Issuing Lender Bank is authorized 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 2.6(d). Borrower agrees Borrowers agree to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Revolving Loans requested by Borrower Borrowers and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and BorrowerBorrowers, any Revolving Loan 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 (Digirad Corp)

Designated Account. Agent is authorized to make the Revolving LoansLoans and the Term Loan, and Issuing Lender is authorized 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 2.6(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 Revolving Loans requested by Borrower Xxxxxxxxx and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and BorrowerBorrowers, any Revolving Loan 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 (Unifi Inc)

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Designated Account. Agent is authorized to make the Revolving LoansLoans and the FILO Term Loan, and Issuing Lender Bank is authorized 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 2.6(d). Borrower agrees Borrowers agree to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Revolving Loans requested by Borrower Xxxxxxxxx and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and BorrowerBorrowers, any Revolving Loan 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 (Hudson Technologies Inc /Ny)

Designated Account. Agent is authorized to make the Revolving Loans, and Issuing Lender Bank is authorized 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 2.6(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 Revolving Loans requested by Borrower an Authorized Person and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and Administrative Borrower, any Revolving Loan or Swing Loan requested by Borrower an Authorized Person and made by Agent or the Lenders hereunder shall be made to the Designated Account.

Appears in 1 contract

Samples: Credit Agreement (Usa Truck Inc)

Designated Account. Agent is authorized to make the Revolving Loans and the Term Loans, and Issuing Lender Bank is authorized 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 2.6(d). Borrower agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Revolving Loans requested by Borrower and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and Borrower, any Revolving Loan 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: Credit Agreement (Asure Software Inc)

Designated Account. Agent is authorized to make the Revolving Loans and the Term Loans, and Issuing Lender Bank is authorized 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 2.6(d). Borrower agrees Borrowers agree to establish and maintain the Designated Account with the Designated Account Table of Contents Bank for the purpose of receiving the proceeds of the Revolving Loans requested by Borrower Borrowers and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and BorrowerBorrowers, any Revolving Loan 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 (InfuSystem Holdings, Inc)

Designated Account. Agent is authorized to make the Revolving LoansLoans and the Term Loan, and Issuing Lender Bank is authorized 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 2.6(d). Borrower agrees Borrowers agree to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Revolving Loans requested by Borrower Xxxxxxxxx and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and BorrowerBorrowers, any Revolving Loan 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 (Farmer Brothers Co)

Designated Account. Agent is authorized to make the Revolving LoansLoans and the FILO Term Loan, and Issuing Lender Bank is authorized 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 2.6(d). Borrower agrees Borrowers agree to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Revolving Loans requested by Borrower Borrowers and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and BorrowerBorrowers, any Revolving Loan 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 (Hudson Technologies Inc /Ny)

Designated Account. Agent is authorized to make the Revolving LoansLoans and the Term Loan, and Issuing Lender Bank is authorized 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 2.6(d). Borrower agrees Borrowers agree to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Revolving Loans requested by Borrower Bxxxxxxxx and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and BorrowerBorrowers, any Revolving Loan 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 (Farmer Brothers Co)

Designated Account. Agent is authorized to make the Revolving LoansLoans and the Term Loan, and Issuing Lender Bank is authorized 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 2.6(d2.5(d). Borrower agrees Borrowers agree to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Revolving Loans requested by Borrower Borrowers and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and BorrowerBorrowers, any Revolving Loan 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 (MGP Ingredients Inc)

Designated Account. Agent is authorized to make the Revolving Loans, and Issuing Lender is authorized 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 made in accordance with the provisions of 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 Revolving Loans requested by Borrower and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and Borrower, any Revolving Loan 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: Credit Agreement (Stillwater Mining Co /De/)

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