Common use of Disbursement of Advances Clause in Contracts

Disbursement of Advances. Subject to the terms and conditions of this Agreement, Bank shall make available to Borrower the amount of the Advance so requested on the date of such Advance by credit to an account of Borrower maintained with Bank or to such other account or third party as Borrower may reasonably direct.

Appears in 3 contracts

Samples: Revolving Credit and Security Agreement (Com21 Inc), Revolving Credit and Security Agreement (Avanex Corp), Revolving Credit and Security Agreement (Avanex Corp)

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Disbursement of Advances. Subject to the terms and conditions of this --- ------------------------ Agreement, Bank shall make available to Borrower the amount of the Advance so requested on the date of such Advance advance by credit to an account of Borrower maintained with Bank or to such other account or third party as Borrower may reasonably direct.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement, Revolving Credit and Security Agreement (Ikos Systems Inc)

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