Common use of Disbursement of Loan Proceeds Clause in Contracts

Disbursement of Loan Proceeds. All Loans 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 and the Lenders, shall be charged to the Loan Account on the Agent’s books. During the term of this Agreement, the Borrower Representative may use the Revolving Loans by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Loan requested by the Borrower Representative or deemed to have been requested by any Borrower under Section 2.2(a) shall, with respect to requested Revolving Loans to the extent the Lenders make such Revolving Loans, be made available to the Borrower Representative on the day so requested by way of credit to a Borrower’s operating account at KeyBank, in immediately available federal funds or other immediately available funds or, with respect to Revolving Loans deemed to have been requested by a Borrower pursuant to Section 2.2(a), be disbursed to the Agent to be applied to the outstanding Obligations giving rise to such deemed request.

Disbursement of Loan Proceeds. All Loans shall be disbursed from whichever office or other place in the Agent United States the Lender may designate from time to time and, together with any and all other Obligations of the Borrowers to the Agent and the LendersLender, shall be charged to the Loan Account on the AgentLender’s books. During the term of this Agreement, the Borrower Representative may use the Revolving Loans by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Loan requested by the Borrower Representative or deemed to have been requested by any Borrower under Section 2.2(a) shall, with respect to requested Revolving Loans to the extent the Lenders make Lender makes such Revolving Loans, be made available to the Borrower Representative on the day so requested by way of credit to a Borrower’s operating account Operating Account at KeyBankthe Lender, in immediately available federal funds or other immediately available funds or, with respect to Revolving Loans deemed to have been requested by a Borrower pursuant to Section 2.2(a)Borrower, be disbursed to the Agent Lender to be applied to the outstanding Obligations giving rise to such deemed request.

Disbursement of Loan Proceeds. All Loans shall be disbursed from whichever office or other place the Agent Lender may designate from time to time and, together with any and all other Obligations of the Borrowers to the Agent and the LendersLender, shall be charged to the Loan Account on the AgentLender’s books. During the term of this Agreement, the Borrower Representative may use the Revolving Loans by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Loan requested by the Borrower Representative or deemed to have been requested by any Borrower under Section 2.2(a) 2.2 shall, with respect to requested Revolving Loans to the extent the Lenders make Lender makes such Revolving Loans, be made available to the Borrower Representative on the day so requested by way of credit to a Borrower’s operating account at KeyBankthe Operating Account, in immediately available federal funds or other immediately available funds or, with respect to Revolving Loans deemed to have been requested by a Borrower pursuant to Section 2.2(a)Borrower, be disbursed to the Agent Lender to be applied to the outstanding Obligations giving rise to such deemed request.