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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 or Lenders, as applicable, may designate from time to time. During the Term, the Borrowers may request, repay and reborrow Revolving Advances, all in accordance with the terms and conditions of 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) shall, subject to the terms and conditions of this Agreement with respect to requested Revolving Advances, be made available to the Borrowers on the Business Day so requested by way of credit to the Borrowers’ operating account (no. 4266772958) maintained at TD Bank (or such other 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 the 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 (Primo Water Corp)

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. During the Term, the Borrowers may request, repay and reborrow Revolving Advances, all in accordance with the terms and conditions of this Agreement. The proceeds of each Revolving Advance requested by the Borrowers (or Administrative Borrower on behalf of the Borrowers) Borrowers or deemed to have been requested by the Borrowers (or Administrative Borrower on behalf of the Borrowers) under Section 2.2(a) shall, subject to the terms and conditions of this Agreement with respect to requested Revolving Advances, be made available to the Borrowers on the Business Day so requested by way of credit to the applicable Borrowers’ operating account (no. 4266772958) maintained at TD Bank (or such other operating account designated by Administrative Borrower in writing to Agent) as 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 the 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 (Castle a M & Co)

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. During the Term, the Borrowers may request, repay and reborrow Revolving Advances, all in accordance with the terms and conditions of 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) shall, subject to the terms and conditions of this Agreement with respect to requested Revolving Advances, be made available to the Borrowers on the Business Day so requested by way of credit to the Borrowers’ operating account (no. 4266772958) maintained at TD Bank (or such other operating account designated by Administrative Borrower in writing to Agent) Regions 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 the 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 or Lenders, as applicable, Lender may designate from time to timetime and, together with any and all other Obligations of Borrower to Lender, shall be charged to Borrower's Account on Lender's books. During Prior to the TermExpiration Date, Borrower may use the Borrowers may requestRevolving Advances by borrowing, repay prepaying and reborrow Revolving Advancesreborrowing, all in accordance with the terms and conditions of this Agreementhereof. 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 Lender makes such Revolving Advances, be made available to the Borrowers Borrower on the Business Day day so requested by way of credit to the Borrowers’ such Borrower's operating account (no. 4266772958) maintained at TD Bank (or such other operating account designated by Administrative Borrower in writing to Agent) the Lender, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by the Borrowers (or Administrative Borrower on behalf of the Borrowers)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 or Lenders, as applicable, may designate from time to timetime 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, the Borrowers may requestuse the Advances by borrowing, repay prepaying and reborrow Revolving Advancesreborrowing, all in accordance with the terms and conditions of this Agreementhereof. 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) shall, subject to the terms and conditions of this Agreement with respect to requested Revolving Advances to the extent Lenders make such Advances, be made available to the Borrowers on the Business Day day so requested by way of credit to the Borrowers' operating account (no. 4266772958) maintained at TD Bank (or such other operating account designated by Administrative Borrower in writing to with Agent) , in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by the 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 (Jaco Electronics Inc)