Common use of Disbursement of Advance Proceeds Clause in Contracts

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 the applicable sub-account of the 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 Borrowing Agent on behalf of any Borrower or deemed to have been requested by any 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 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, 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.

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 the applicable sub-account of the Borrowers’ ' Account on Agent’s 's books. During the Term, 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 Revolving Advance requested by Borrowing Agent on behalf of any Borrower Borrowers or deemed to have been requested by any Borrower 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, 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.

Disbursement of Advance Proceeds. All 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 Lenders, shall be charged to the applicable sub-account of the Borrowers’ Account on Administrative Agent’s books. During the Term, 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 Revolving Advance requested by Borrowing Agent on behalf of any Borrower or deemed to have been requested by any 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 may designate following notification to Administrative 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 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 which case such Obligations shall be deemed to have been repaid to the extent of the amount of such Revolving Advances so disbursed by Agentimmediately available federal funds or other immediately available funds.

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 the applicable sub-account of the 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. 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 Revolving Advance and Capital Expenditure Advance requested by Borrowing Agent on behalf of any Borrower or deemed to have been requested by any Borrower under Section 2.2(a) hereof shall, with respect to requested Revolving Advances shall 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 funds. The proceeds of each Revolving Advances 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, 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.

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 booksbooks as a Swingline Loan or a Revolving Advance, as applicable. During Until the TermRevolving 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 Revolving Loan Advance requested by Borrowing Agent on behalf of any Borrower Borrowers or deemed to have been requested by any Borrower Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Loan Advances to the extent the Lenders make such Revolving 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 PNC, 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 Revolving 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, 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.

Disbursement of Advance Proceeds. All 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 Lenders, shall be charged to the applicable sub-account of the Borrowers’ Account on Administrative 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 Borrowing Agent on behalf of any Borrower or deemed to have been requested by any 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 may designate following notification to Administrative 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 Administrative 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.

Disbursement of Advance Proceeds. All 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 Lenders, shall be charged to the applicable sub-account of the Borrowers’ Account on Administrative 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 Borrowing Agent on behalf of any Borrower Borrowers or deemed to have been requested by any Borrower Borrowers under Section 2.2(a) [Procedure for Borrowing Advances] 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 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 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, 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.