Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' Account on Agent's books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNC, or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 13 contracts
Samples: Revolving Credit and Security Agreement (Union Drilling Inc), Revolving Credit and Security Agreement (Frontstep Inc), Revolving Credit and Security Agreement (Hirsch International Corp)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Borrower’s Account on Agent's ’s books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's ’s operating account at PNC, or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 9 contracts
Samples: Revolving Credit, Term Loan and Security Agreement (Perma Fix Environmental Services Inc), Revolving Credit, Term Loan and Security Agreement (Perma Fix Environmental Services Inc), Revolving Credit and Term Loan Agreement (Hudson Technologies Inc /Ny)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Borrower's Account on Agent's books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNC, or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 5 contracts
Samples: Revolving Credit, Term Loan, Guaranty and Security Agreement (Us Home & Garden Inc), Revolving Credit, Equipment Loan and Security Agreement (McMS Inc), Revolving Credit, Term Loan, Equipment Line of Credit and Security Agreement (Ashlin Development Corp)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' ’ Account on Agent's ’s books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's ’s operating account at PNC, or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 5 contracts
Samples: Revolving Credit and Security Agreement (Akrion, Inc.), Revolving Credit and Security Agreement (Akrion, Inc.), Revolving Credit and Security Agreement (Maxum Petroleum Holdings, Inc.)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' ’ Account on Agent's ’s books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof Borrowing Agent on behalf of any Borrower shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's ’s operating account at PNC, or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any BorrowerDeemed Credit Requests, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 4 contracts
Samples: Revolving Credit, Term Loan, Guaranty, and Security Agreement (Rocky Brands, Inc.), Revolving Credit and Security Agreement (Sypris Solutions Inc), Revolving Credit, Guaranty, and Security Agreement (Rocky Brands, Inc.)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' Account on Agent's bookstime. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying or repaying and reborrowing, all in accordance with the terms and conditions hereof. The Term Loan may not be reborrowed once repaid or prepaid, except and to the extent requested by Borrowing Agent and agreed by each Lender, in its sole discretion. The proceeds of each Revolving Advance requested by Borrowers Borrowing Agent or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower Borrowers on the day so requested by way of credit to such Borrower's Borrowers' operating account at PNC, or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrowerrequested, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (Richton International Corp), Revolving Credit, Term Loan and Security Agreement (Richton International Corp)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Borrower’s Account on Agent's ’s books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's ’s operating account at PNC, maintained with Agent or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 2 contracts
Samples: Financing Agreement (Rafaella Apparel Group,inc.), Loan Agreement (Verrazano,inc.)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Borrower’s Account on Agent's ’s books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to Borrower by the applicable Borrower close of business on the day so requested by Borrower by way of credit to such Borrower's ’s operating account at PNC, maintained with Agent or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 2 contracts
Samples: Loan and Security Agreement (Veeco Instruments Inc), Loan and Security Agreement (Marketwise, Inc.)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent Lender may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or LendersLender, shall be charged to Borrowers' Account on AgentLender's books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) 2.2 hereof shall, with respect to requested Revolving Advances to the extent Lenders make Lender makes such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNC, the Bank or such other bank as Borrowing Agent Representative may designate following notification to AgentLender, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent Lender to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 2 contracts
Samples: Credit and Security Agreement (Omni Energy Services Corp), Credit and Security Agreement (Omni Energy Services Corp)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Borrower’s Account on Agent's books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) 2.2 hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's ’s operating account at PNC, or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (TCP International Holdings Ltd.), Revolving Credit and Security Agreement (TCP International Holdings Ltd.)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Borrower’s Account on Agent's ’s books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNCthe Funding Account, or such other bank account as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (Boot Barn Holdings, Inc.), Revolving Credit and Security Agreement (Boot Barn Holdings, Inc.)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Borrower's Account on Agent's books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereofof this Agreement. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent the Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNCBank, or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrowerrequested, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 2 contracts
Samples: Revolving Credit, Term Loan and Security Agreement (Danskin Inc), Revolving Credit and Security Agreement (Cygne Designs Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' ’ Account on Agent's ’s books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower Borrowers on the day so requested by way of credit to such Borrower's Borrowers’ operating account at PNC, or such other bank as Borrowing Agent Borrowers may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any BorrowerBorrowers, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (Intcomex, Inc.), Revolving Credit and Security Agreement (Phosphate Holdings, Inc.)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Borrower’s Account on Agent's ’s books. During the Term, Borrowers Xxxxxxxx may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to Borrower by the applicable Borrower close of business on the day so requested by Borrower by way of credit to such Borrower's ’s operating account at PNC, maintained with Agent or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any BorrowerXxxxxxxx, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 2 contracts
Samples: Loan and Security Agreement (Marketwise, Inc.), Loan and Security Agreement (Veeco Instruments Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' Account on Agent's books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNCIBJS, or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (Graham Field Health Products Inc), Revolving Credit, Term Loan and Security Agreement (Batteries Batteries Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or any of the Lenders, shall be charged to Borrowers' Account the applicable Borrower's account on Agent's books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers on behalf of any Borrower or deemed to have been requested by Borrowers such Borrower under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent the Lenders make such Revolving Advances, be made available to the applicable such Borrower on the day so requested by way of credit to such Borrower's operating account at PNCthe Bank, or such other bank as the Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrowerrequested, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Supplement Revolving Multicurrency Credit Agreement (Styrochem U S Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' Account on Agent's books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) 2.3 hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNC, or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Waxman Industries Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' Account on Agent's books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNC, the Bank or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Disbursement of Advance Proceeds. All Advances shall be disbursed -------------------------------- from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' Account on Agent's books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNC, or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Air Methods Corp)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Borrower’s Account on Agent's ’s books. During the Term, Borrowers Bxxxxxxx may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's Bxxxxxxx’s operating account at PNC, or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any BorrowerBxxxxxxx, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Perma Fix Environmental Services Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent Lender may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or LendersLender, shall be charged to Borrowers' Account account on AgentLender's books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereofof this Agreement. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make Lender makes such Revolving Advances, be made available to the applicable Borrower Borrowers on the day so requested by way of credit to such Borrower's Borrowers' operating account at PNCThe Bank of New York, or such other bank as Borrowing Agent may designate following notification to Agent, Lender in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any BorrowerBorrowers, be disbursed to Agent Lender to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (E Com Ventures Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place in the United States of America Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Borrower's Account on Agent's books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNC, or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit, Acquisition Term Loan and Security Agreement (Philipp Brothers Chemicals Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' Account on Agent's books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) 2.2 hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNCIBJS, or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Health Chem Corp)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Borrower's Account on Agent's books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNC, or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Warner Chilcott PLC)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Borrower's Account on Agent's books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers the Borrower under Section 2.2(a) 2.2 hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such the Borrower's operating account at PNC, or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any the Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Horsehead Holding Corp)
Disbursement of Advance Proceeds. All Revolving Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' Borrowers Account on Agent's ’s books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's ’s operating account at PNC, the Bank or such other bank as Borrowing Agent Borrower Representative may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Credit and Security Agreement (Sachem Capital Corp.)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Borrower’s Account on Agent's ’s books. During the Termterm, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's ’s operating account at PNC, or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed requestrequest in accordance with Section 2.2(a).
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (P&f Industries Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent the Lender may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or LendersLender, shall be charged to the Borrowers' Account account on Agentthe Lender's books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by the Borrowers or deemed to have been requested by the Borrowers under Section 2.2(a2.3(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make the Lender makes such Revolving Advances, be made available to the applicable Borrower Borrowers on the day so requested by way of credit to such Borrower's the Borrowers' operating account at PNC, or such other bank as Borrowing Agent Borrowers may designate following notification to AgentLender, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed deemed, to have been requested by any Borrowerrequested, be disbursed to Agent to be applied to the Lender in payment of outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Credit and Security Agreement (Canisco Resources Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' ’ Account on Agent's ’s books. During Prior to the TermMaturity Date, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all borrowing in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrowing Agent on behalf of any Borrower or deemed to have been requested by Borrowers any Borrower under Section 2.2(a2.2(b) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested specified in the Borrowing Notice by way of credit wire transfer to such Borrower's ’s operating account at PNC, or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' Account on Agent's books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNC, Bank One or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Loan and Security Agreement (Bucyrus International Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Borrower’s Account on Agent's ’s books. During the Term, Borrowers Xxxxxxxx may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to Borrower by the applicable Borrower close of business on the day so requested by Borrower by way of credit to such Borrower's ’s operating account at PNC, maintained with Agent or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any BorrowerXxxxxxxx, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.. 47
Appears in 1 contract
Samples: Loan and Security Agreement (Veeco Instruments Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Borrower’s Account on Agent's ’s books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's ’s operating account at PNC, or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Apac Customer Service Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever the Payment Office or any other office or other place Agent the Lender may designate from time to time and, together with any and all other Obligations of Borrowers the Borrower which are due to Agent or Lendersthe Lender, shall be charged to Borrowers' Account the Borrower's account on Agentthe Lender's books. During the Term, Borrowers the Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers the Borrower or deemed to have been requested by Borrowers the Borrower under Section 2.2(a) 2.3 hereof shall, with respect to requested Revolving Advances to the extent Lenders make the Lender makes such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such the Borrower's operating account at PNC, or such other bank as Borrowing Agent the Borrower may designate following notification to Agentthe Lender, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrowerrequested, be disbursed to Agent to be applied to the Lender in payment of outstanding Obligations giving rise to such deemed requestObligations.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Tristar Corp)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' Account on Agent's books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNCIBJSBCC, or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Terrace Holdings Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent Lender may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or LendersLender, shall be charged to Borrowers' ’ Account on Agent's Lender’s books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make Lender makes such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's ’s operating account at PNC, the Bank or such other bank as Borrowing Agent Representative may designate following notification to AgentLender, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent Lender to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Borrower’s Account on Agent's ’s books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's ’s operating account at PNC, or such other bank as Borrowing Agent Borrower may designate following upon notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Goodman Networks Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent or Lenders, as applicable, may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' Account on Agent's bookstime. During the Term, Borrowers Borrower may use the request, repay and reborrow Revolving Advances by borrowing, prepaying and reborrowingAdvances, all in accordance with the terms and conditions hereofof this Agreement. The proceeds of each Revolving Advance requested by Borrowers Borrower (or Agent on behalf of Borrower) or deemed to have been requested by Borrowers Borrower (or Agent on behalf of Borrower) under Section 2.2(a) hereof shall, subject to the terms and conditions of this Agreement with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day Business Day so requested by way of credit to such Borrower's ’s operating account number 41320 at PNCXxxxx Fargo Bank, N.A. or such other account and/or bank as Borrowing Agent Borrower may designate following written notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Loan and Security Agreement (Winnebago Industries Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' Account on Agent's books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower Borrowers on the day so requested by way of credit to such Borrower's Borrowers' operating account at PNC, or such other bank as Borrowing Agent Borrowers may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any BorrowerBorrowers, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Teamstaff Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Account Borrower's account on Agent's books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereofof this Agreement. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNCThe Bank of New York, or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Signal Apparel Company Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or LendersAgent, shall be charged to Borrowers' Account on Agent's books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower Borrowers on the day so requested by way of credit to such BorrowerBorrowing Agent's operating account at PNC, or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Gencor Industries Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Borrower’s Account on Agent's ’s books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers the Borrower under Section 2.2(a) 2.2 hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such the Borrower's ’s operating account at PNC, or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any the Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Horsehead Holding Corp)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' Account on Agent's books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a2.1(d) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower Borrowers on the day so requested by way of credit to such Borrower's operating account at PNC, or such other bank as the Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Pietrafesa Corp)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Borrower's Account on Agent's books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNCIBJ, or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrowerrequested, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Fonda Group Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent Lender may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or LendersLender, shall be charged to Borrowers' Account Borrower's account on AgentLender's books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) 2.2 hereof shall, with respect to requested Revolving Advances to the extent Lenders make Lender makes such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNCBank, or such other bank as Borrowing Agent Borrower may designate following written notification to AgentLender, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrowerrequested, be disbursed to Agent to be applied to the Lender in payment of outstanding Obligations giving rise to such deemed requestObligations.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Prima Group International Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent Lender may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or LendersLender, shall be charged to Borrowers' Borrower’s Account on Agent's Lender’s books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make Lender makes such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's ’s operating account at PNC, the Bank or such other bank as Borrowing Agent Borrower Representative may designate following notification to AgentLender, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent Lender to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Credit and Security Agreement (Manhattan Bridge Capital, Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' ’ Account on Agent's ’s books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) 2.2[(a)] hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower Borrowers on the day so requested by way of credit to such Borrower's Borrowers’ operating account at PNC, or such other bank as Borrowing Agent Borrowers may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any BorrowerBorrowers, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Dreams Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Borrower’s Account on Agent's ’s books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrowing Agent or deemed to have been requested by Borrowers Borrowing Agent under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's ’s operating account at PNC, or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Input Output Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' ’ Account on Agent's ’s books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's ’s operating account at PNCSVB, or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Allied Motion Technologies Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent or Lenders, as applicable, may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' Account on Agent's bookstime. During the Term, the Borrowers may use the request, repay and reborrow Revolving Advances by borrowing, prepaying and reborrowingAdvances, all in accordance with the terms and conditions hereofof this Agreement. The proceeds of each Revolving Advance requested by the Borrowers (or Administrative Borrower on behalf of the Borrowers) or deemed to have been requested by the Borrowers (or Administrative Borrower on behalf of the Borrowers) under Section 2.2(a) hereof shall, subject to the terms and conditions of this Agreement with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower Borrowers on the day Business Day so requested by way of credit to such Borrower's the Borrowers’ operating account (no. 4266772958) maintained at PNC, TD Bank (or such other bank as Borrowing Agent may designate following notification operating account designated by Administrative Borrower in writing to Agent, ) in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrowerthe Borrowers (or Administrative Borrower on behalf of the Borrowers), be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Borrower's Account on Agent's books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereofof this Agreement. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNC, or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Dreamlife Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' Account on Agent's books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower Borrowers on the day so requested by way of credit to such Borrower's Borrowers' operating account at PNC, or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any BorrowerBorrowers, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (HMG Worldwide Corp)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Borrower's Account on Agent's books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) hereof 2.2 shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNC, or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrowerrequested, be disbursed to Agent to be applied to the outstanding Obligations obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Centurion Wireless Technologies Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or and Lenders, shall be charged to Borrowers' Bxxxxxxx’s Account on Agent's ’s books. During the Term, Borrowers Bxxxxxxx may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Bxxxxxxx or deemed to have been requested by Borrowers Borrower under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make Lxxxxx makes such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's Bxxxxxxx’s operating account at PNC, the Bank or such other bank as Borrowing Agent Borrower Representative may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any BorrowerBxxxxxxx, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Credit and Security Agreement (Manhattan Bridge Capital, Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Account Borrower's account on Agent's books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent the Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNCthe Bank, or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrowerrequested, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Candies Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Account Borrower’s account on Agent's ’s books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereofof this Agreement. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's ’s operating account at PNC, or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Eos International Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' Account account on Agent's books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereofof this Agreement. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNCThe Bank of New York, or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (PDS Financial Corp)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' Account on Agent's books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such 20 Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNC, or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Foster L B Co)
Disbursement of Advance Proceeds. All Advances shall be disbursed -------------------------------- from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' Account on Agent's books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a2.1(d) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower Borrowers on the day so requested by way of credit to such Borrower's operating account at PNC, or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Eltrax Systems Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Borrower’s Account on Agent's ’s books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. hereof The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) 2.2 hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's ’s operating account at PNC, or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Kenexa Corp)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' ’ Account on Agent's ’s books. During Prior to the TermMaturity Date, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof Borrowing Agent on behalf of any Borrower shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested specified in the Borrowing Notice by way of credit wire transfer to such Borrower's ’s operating account at PNC, or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Emerge Energy Services LP)
Disbursement of Advance Proceeds. All Advances shall be disbursed ---------------------------------- from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' Account on Agent's books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNC, or such other bank as Borrowing Agent Borrowers may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit Loan and Security Agreement (Intelligroup Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' Account on Agent's books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNC, or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any BorrowerBorrower pursuant to the second sentence of Section 2.2, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Bentley Systems Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or and Lenders, shall be charged to Borrowers' Borrower’s Account on Agent's ’s books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make Lender makes such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's ’s operating account at PNC, the Bank or such other bank as Borrowing Agent Borrower Representative may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Credit and Security Agreement (Manhattan Bridge Capital, Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Borrower’s Account on Agent's ’s books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's ’s operating account at PNCSovereign, or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Blonder Tongue Laboratories Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' ’ Account on Agent's ’s books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) 2.2 hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower Borrowers on the day so requested by way of credit to such Borrower's Borrowers’ operating account at PNC, or such other bank as Borrowing Agent Borrowers may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any BorrowerBorrowers, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (TCP International Holdings Ltd.)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent or Lenders, as applicable, may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' Account on Agent's bookstime. During the Term, the Borrowers may use the request, repay and reborrow Revolving Advances by borrowing, prepaying and reborrowingAdvances, all in accordance with the terms and conditions hereofof this Agreement. The proceeds of each Revolving Advance requested by the Borrowers (or Administrative Borrower on behalf of the Borrowers) or deemed to have been requested by the Borrowers (or Administrative Borrower on behalf of the Borrowers) under Section 2.2(a) hereof shall, subject to the terms and conditions of this Agreement with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower Borrowers on the day Business Day so requested by way of credit to such Borrower's the Borrowers’ operating account at PNC, or such other bank as Borrowing Agent may designate following notification to AgentRegions set forth on Schedule 2.3, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrowerthe Borrowers (or Administrative Borrower on behalf of the Borrowers), be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Loan and Security Agreement (Forbes Energy International, LLC)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Borrower’s Account on Agent's ’s books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The Subject to Section 2.15, the proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's ’s operating account at PNC, or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Vision-Ease Lens CORP)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place the Agent may designate from time to time and, together with any and all other Obligations of Borrowers to the Agent or and Lenders, shall be charged to Borrowers' ’ Account on the Agent's ’s books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrowing Representative on behalf of any Borrower or deemed to have been requested by Borrowers any Borrower under Section 2.2(a) hereof shall, (i) with respect to requested Revolving Advances Advances, to the extent Lenders make a Lender makes such Revolving AdvancesAdvances in accordance with Section 2.2(a) hereof, be made available to the applicable Borrower Borrowers on the day so requested by way of credit to such Borrower's operating account at PNCthe Funding Account (or, or prior to the establishment of the Funding Account, such other bank as deposit account of Borrowing Representative designated to the Agent may designate following notification to Agentin writing by the Borrowing Representative), in immediately available federal funds or other immediately available funds or, (ii) with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to the Agent to be applied to the outstanding Obligations giving rise to such deemed request. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and re-borrowing, all in accordance with the terms and conditions hereof.
Appears in 1 contract
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Borrower's Account on Agent's books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) 2.3.1 hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNC, or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Obsidian Enterprises Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent Lender may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or LendersLender, shall be charged to Borrowers' Borrower's Account on AgentLender's books. During Prior to the TermExpiration Date, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make Lender makes such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNC, or such other bank as Borrowing Agent may designate following notification to Agentthe Lender, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent Lender to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Measurement Specialties Inc)
Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers Borrower to Agent or Lenders, shall be charged to Borrowers' Borrower's Account on Agent's books. During the Term, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereofof this Agreement. The proceeds of each Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a) 2.2 hereof shall, with respect to requested Revolving Advances to the extent the Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested Advance Effective Date by way of credit to such Borrower's operating account at PNCBank, or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrowerrequested, be disbursed to Agent on the Advance Effective Date to be applied to the outstanding Obligations giving rise to such deemed request.
Appears in 1 contract
Samples: Oil & Gas Revolving Credit and Term Loan Agreement (Transtexas Gas Corp)
