Common use of Disbursement of Advance Proceeds Clause in Contracts

Disbursement of Advance Proceeds. All Loan 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 the Lenders, shall be charged to Borrowers' Account on Agent's books as a Revolving Advance or a Term Loan Advance, as applicable. Until the Revolving Maturity 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 Loan Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Loan Advances to the extent the Lenders make such Loan Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at 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 Loan 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 (Bucyrus International Inc), Loan and Security Agreement (Bucyrus International Inc)

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Disbursement of Advance Proceeds. All Loan 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 any of the Lenders, shall be charged to Borrowers' Account the applicable Borrower's account on Agent's books as a Revolving Advance or a Term Loan Advance, as applicablebooks. Until During the Revolving Maturity DateTerm, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Loan 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 Loan Revolving Advances to the extent the Lenders make such Loan 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 Bank One 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 Loan 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: Credit and Security Agreement (Radnor Holdings Corp), Security Agreement (Radnor Holdings Corp)

Disbursement of Advance Proceeds. All Loan 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 the Borrowers to the Agent or the Lenders, shall be charged to the Borrowers' Account on the Agent's books as a Revolving Advance or a Term Loan Advance’s books. During the Term, as applicable. Until the Revolving Maturity Date, Borrowers may use the Revolving Advances by borrowing, prepaying repaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Loan Revolving Advance requested by the Borrowers or deemed to have been requested by the Borrowers under Section 2.2(a) hereof shall, with respect to requested Loan Revolving Advances to the extent the Lenders make such Loan 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 Bank One National City Bank, or such other bank as the Borrowing Agent may designate following notification to the Agent, in immediately available federal funds or other immediately available funds or, with respect to Loan 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.

Appears in 1 contract

Samples: Revolving Credit (Radnor Holdings Corp)

Disbursement of Advance Proceeds. (a) All Loan 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 the Lenders, shall be charged to Borrowers' the applicable Borrower's Account on Agent's books as a books. During the Revolving Advance or a Term Loan Advance, as applicable. Until the Revolving Maturity DateCommitment Period, 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 Loan Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Loan Revolving Advances to the extent the Lenders make such Loan 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 Bank One Chase 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 Loan 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 (Lets Talk Cellular & Wireless Inc)

Disbursement of Advance Proceeds. All Loan 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 Borrower to the Agent or the Lenders, shall be charged to Borrowers' Borrower's Account on the Agent's books as a Revolving Advance or a Term Loan Advancebooks. Each Credit Party authorizes Borrower to receive all such Advances on behalf of such Credit Party. During the Term, as applicable. Until the Revolving Maturity 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 Loan Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a2.3(a) hereof shall, with respect to requested Loan Revolving Advances to the extent the Lenders make such Loan 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 Bank One PNC, or such other bank as Borrowing Agent Borrower may designate following notification to the Agent, in immediately available federal funds or other immediately available funds or, with respect to Loan 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.

Appears in 1 contract

Samples: Security Agreement (Evergreen International Aviation Inc)

Disbursement of Advance Proceeds. All Loan 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 the Lenders, shall be charged to Borrowers' Account on Agent's books as a Revolving Advance or a Term Loan Advance, as applicable’s books. Until During the Revolving Maturity DateTerm, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Loan 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(a) hereof shall, with respect to requested Loan Revolving Advances to the extent the Lenders make such Loan 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 Bank One 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 Loan 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 (Image Entertainment Inc)

Disbursement of Advance Proceeds. All Loan 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 the Lenders, shall be charged to the respective Borrowers' Account on Agent's books as a Revolving Advance or a Term Loan Advance’s books. In no event, as applicablehowever, shall Agent disburse Advances other than to an account located in the United States of America. Until During the Revolving Maturity DateTerm, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Loan Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Loan Revolving Advances to the extent the Revolving Lenders make such Loan 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 Bank One 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 Loan 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: Security Agreement (Stream Global Services, Inc.)

Disbursement of Advance Proceeds. All Loan 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 the Lenders, shall be charged to Borrowers' Borrower's Account on Agent's books as a Revolving Advance or a Term Loan Advancebooks. During the Term, as applicable. Until the Revolving Maturity Date, Borrowers Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. During the Term, Borrower may use the Capital Expenditure Advance, by borrowing, but once repaid it may not reborrow said Capital Expenditure Advance. The proceeds of each Loan Revolving Advance and Capital Expenditure Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Loan Advances Borrower shall to the extent the Lenders make such Loan Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at Bank One 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 Loan Advances funds. The proceeds of each Revolving Advance deemed to have been be requested by any Borrower, Borrower under Section 2.3(a) shall be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.

Appears in 1 contract

Samples: Philipp Brothers Chemicals Inc

Disbursement of Advance Proceeds. All Loan Advances shall be disbursed from whichever office or other place Administrative Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Administrative Agent or the Lenders, shall be charged to Borrowers' Account on Administrative Agent's books as a Revolving Advance or a Term Loan Advance, as applicable’s books. Until During the Revolving Maturity DateTerm, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Loan Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) [Procedure for Borrowing Advances] hereof shall, with respect to requested Loan Revolving Advances to the extent the Lenders make such Loan 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 Bank One PNC, or such other bank as an authorized officer of Borrowing Agent may designate in writing following notification to Administrative Agent, in immediately available federal funds or other immediately available funds or, with respect to Loan Revolving Advances deemed to have been requested by any Borrower, be disbursed to Administrative Agent to be applied to the outstanding Obligations giving rise to such deemed request.

Appears in 1 contract

Samples: Security Agreement (Imco Recycling Inc)

Disbursement of Advance Proceeds. All Loan 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 the Lenders, shall be charged to Borrowers' Borrower's Account on Agent's books as a Revolving Advance or a Term Loan Advancebooks. During the Term, as applicable. Until the Revolving Maturity 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 Loan 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 Loan Revolving Advances to the extent the Lenders make such Loan Revolving Advances, be made available to the applicable Borrower by [3:00 p.m. (Eastern Time)] on the day so requested by way of credit to such Borrower's operating account at Bank One 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 Loan 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 (Pc Connection Inc)

Disbursement of Advance Proceeds. All Loan 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 the Lenders, shall be charged to the respective Borrowers' Account on Agent's books as a Revolving Advance or a Term Loan Advance’s books. In no event, as applicablehowever, shall Agent disburse Advances other than to an account located in the United States of America. Until During the Revolving Maturity DateTerm, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Loan Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Loan Revolving Advances to the extent the Lenders make such Loan 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 Bank One 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 Loan 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: Security Agreement (Stream Global Services, Inc.)

Disbursement of Advance Proceeds. All Loan 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 the Lenders, shall be charged to Borrowers' Account on Agent's books as a Revolving Advance or a Term Loan Advance’s books. In no event, as applicablehowever, shall Agent disburse Advances other than to an account located in the United States of America. Until During the Revolving Maturity DateTerm, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Loan 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(a) hereof shall, with respect to requested Loan Revolving Advances to the extent the Lenders make such Loan 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 Bank One 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 Loan 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: Security Agreement (Avatech Solutions Inc)

Disbursement of Advance Proceeds. All Loan Advances shall be disbursed from whichever office or other place Administrative Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Administrative Agent or the Lenders, shall be charged to Borrowers' Account on Administrative Agent's books as a Revolving Advance or a Term Loan Advance, as applicable’s books. Until During the Revolving Maturity DateTerm, Borrowers may use the Revolving Advances and Swing Line Loans by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Loan Revolving Advance requested by Borrowers Borrowing Agent on behalf of any Borrower or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Loan Revolving Advances to the extent the Lenders make such Loan 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 Bank One PNC, or such other bank as Borrowing Agent may designate following notification to Administrative Agent, in immediately available federal funds or other immediately available funds or, with respect to Loan Revolving Advances deemed to have been requested by any Borrower, be disbursed to Administrative Agent to be applied to the outstanding Obligations giving rise to such deemed request. The proceeds of each Swing Line Loan requested by Borrowing Agent on behalf of any Borrower shall 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 Administrative Agent, in immediately available federal funds or other immediately available funds.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Comforce Corp)

Disbursement of Advance Proceeds. All Loan Advances shall be disbursed from whichever office or other place Funding Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Funding Agent or the Lenders, shall be charged to Borrowers' Account on Funding Agent's books as a Revolving Advance or a Term Loan Advance, as applicablebooks. Until During the Revolving Maturity DateTerm, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Loan Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Loan Revolving Advances to the extent the Lenders make such Loan 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 Bank One or Funding Agent, or, with prior approval of Collateral Agent, such other bank as Borrowing Agent Borrowers may designate following notification to Funding Agent, in immediately available federal funds or other immediately available funds or, with respect to Loan Revolving Advances deemed to have been requested by any BorrowerBorrowers, be disbursed to Funding Agent to be applied to the outstanding Obligations giving rise to such deemed request.

Appears in 1 contract

Samples: Loan and Security Agreement (Tb Woods Corp)

Disbursement of Advance Proceeds. All Loan 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 the Lenders, shall be charged to Borrowers' Account on Agent's books as a Revolving Advance or a Term Loan Advance, as applicable’s books. Until During the Revolving Maturity DateTerm, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Loan 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(a) hereof shall, with respect to requested Loan Revolving Advances to the extent the Lenders make such Loan Revolving Advances, be made available to the applicable Borrower on the day so requested by 2:00 p.m. by way of credit to such Borrower's ’s operating account at Bank One 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 Loan 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: Security Agreement (Valuevision Media Inc)

Disbursement of Advance Proceeds. All Loan Advances shall be disbursed from whichever office or other place Agent may designate from time to time andtime. During the Term, together with any and all other Obligations of Borrowers to Agent or the Lenders, shall be charged to Borrowers' Account on Agent's books as a Revolving Advance or a Term Loan Advance, as applicable. Until the Revolving Maturity 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 Loan 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 Loan Revolving Advances to the extent the Lenders make such Loan 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 Bank One PNC, or such other bank as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds or other Dollars and in immediately available funds or, with respect to Loan 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 (Swank Inc)

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Disbursement of Advance Proceeds. All Loan 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 the Lenders, shall be charged to Borrowers' Account on Agent's books as a Revolving Advance or a Term Loan Advance, as applicablebooks. Until During the Revolving Maturity DateTerm, Borrowers may use the Revolving Advances by borrowing, prepaying without premium or penalty (subject to Section 2.13 hereof) and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Loan Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Loan Revolving Advances to the extent the Lenders make such Loan 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 Bank One 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 Loan 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: Security Agreement (Robotic Vision Systems Inc)

Disbursement of Advance Proceeds. All Loan 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 the Lenders, shall be charged to Borrowers' Account on Agent's books as a Revolving Advance or a Term Loan Advance, as applicablebooks. Until During the Revolving Maturity DateTerm, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Loan 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(a) hereof shall, with respect to requested Loan Revolving Advances to the extent the Lenders make such Loan 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 Bank One 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 Loan 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: Air Methods Corp

Disbursement of Advance Proceeds. All Loan 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 the Lenders, shall be charged to Borrowers' Account on Agent's ’s books as a Revolving Advance Swingline Loan or a Term Loan Revolving Advance, as applicable. Until the Revolving Maturity 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 Loan Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Loan Advances to the extent the Lenders make such Loan 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 Bank One JPMorgan Chase 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 Loan 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 Loan 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 the Lenders, shall be charged to Borrowers' Account on Agent's books as a Revolving Advance or a Term Loan Advance, as applicablebooks. Until During the Revolving Maturity DateTerm, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowingre‑borrowing, all in accordance with the terms and conditions hereofhereof and the Financing Order. The proceeds of each Loan Revolving Advance requested by Borrowers or Borrowing Agent on behalf of any Borrower or, in the case of a Revolving Advance, deemed to have been requested by Borrowers any Borrower under Section 2.2(a) 2.2 hereof shall, with respect to requested Loan Revolving Advances to the extent the Lenders make such Loan Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account ending in xxx5600 maintained at Bank One of America, N.A., 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 Loan 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: Castle a M & Co

Disbursement of Advance Proceeds. All Loan Advances shall be disbursed from whichever office or other place Administrative Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Administrative Agent or the Lenders, shall be charged to Borrowers' Account on Administrative Agent's books as a Revolving Advance or a Term Loan Advance, as applicable’s books. Until During the Revolving Maturity DateTerm, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Loan 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(a) hereof shall, with respect to requested Loan Revolving Advances to the extent the Lenders make such Loan 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 Bank One PNC, or such other bank as Borrowing Agent may designate following notification to Administrative Agent, in immediately available federal funds or other immediately available funds or, with respect to Loan Revolving Advances deemed to have been requested by any Borrower, be disbursed to Administrative Agent to be applied to the outstanding Obligations giving rise to such deemed request.

Appears in 1 contract

Samples: Security Agreement (Skullcandy, Inc.)

Disbursement of Advance Proceeds. All Loan 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 the LendersSecured Parties, shall be charged to Borrowers' Account Borrower's account on Agenteach Secured Party's books as a Revolving Advance or a Term Loan Advance, as applicablebooks. Until the Revolving Maturity Date, Borrowers unless sooner terminated as herein provided, Borrower may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Loan Revolving Advance requested by Borrowers Borrower or deemed to have been requested by Borrowers Borrower under Section 2.2(a2.3(c) hereof shall, with respect to requested Loan Revolving Advances to the extent the Lenders make each Lender makes such Loan 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 Bank One or such other bank Agent as Borrowing Agent Borrower may designate following notification to Agent, in immediately available federal funds Federal or other immediately available funds or, with respect to Loan Revolving Advances deemed to have been requested by any Borrowerrequested, be disbursed to Agent to be applied to the on behalf of Secured Parties in payment of outstanding Obligations giving rise to such deemed requestObligations.

Appears in 1 contract

Samples: Lender Assignment Agreement (Tarrant Apparel Group)

Disbursement of Advance Proceeds. All Loan 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 the Lenders, shall be charged to Borrowers' Account on Agent's books as a Revolving Advance or a Term Loan Advance, as applicablebooks. Until During the Revolving Maturity DateTerm, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Loan 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(a) hereof shall, with respect to requested Loan Revolving Advances to the extent the Lenders make such Loan Revolving Advances, be made available to such Borrower by the applicable Borrower close of business on the day so requested by Borrowing Agent by way of credit to such Borrower's operating account at Bank One maintained with Agent 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 Loan 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: Financing Agreement (Cpac Inc)

Disbursement of Advance Proceeds. All Loan 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 the LendersObligations, shall be charged to Borrowers' Borrower's Account on AgentLender's books as a Revolving Advance or a Term Loan Advancebooks. During the Term, as applicable. Until the Revolving Maturity 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 Loan 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 Loan Advances to the extent the Lenders make Lender makes such Loan Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at Bank One Commerce Bank, N.A. or such other bank as Borrowing Agent Borrower may designate following notification to AgentLender, in immediately available federal funds or other immediately available funds or, with respect to Loan 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: Loan Agreement (Smartserv Online Inc)

Disbursement of Advance Proceeds. All Loan 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 the Lenders, shall be charged to Borrowers' Borrower’s Account on Agent's books as a Revolving Advance or a Term Loan Advance’s books. During the Term, as applicable. Until the Revolving Maturity 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 Loan 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 Loan Advances to the extent the Lenders make such Loan Advances, be made available to the applicable Borrower on the day so requested in the case of Domestic Rate Loans and three (3) Business Days thereafter in the case of CDOR Rate Loans or Eurodollar Rate Loans, by way of credit to such the Borrower's ’s operating account at The Bank One of Nova Scotia, 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 Loan 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 Loan 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 the Lenders, shall be charged to the applicable sub-account of the Borrowers' Account on Agent's books as a Revolving Advance or a Term Loan Advance, as applicable’s books. Until During the Revolving Maturity DateTerm, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Loan 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(a) hereof shall, with respect to requested Loan Revolving Advances to the extent the Lenders make such Loan 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 Bank One 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 Loan 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, in which case such Obligations shall be deemed to have been repaid to the extent of the amount of such Revolving Advances so disbursed by Agent.

Appears in 1 contract

Samples: Security Agreement (Katy Industries Inc)

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