Common use of Disbursement of Loan Clause in Contracts

Disbursement of Loan. Borrower hereby irrevocably authorizes Lender to disburse the proceeds of the Term Loan in immediately available funds as set forth in the Loan Closing Statement executed by Borrower on the Closing Date.

Appears in 2 contracts

Samples: Credit and Security Agreement (Global Axcess Corp), Credit and Security Agreement (Global Axcess Corp)

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Disbursement of Loan. Borrower hereby irrevocably authorizes Lender to disburse the proceeds of the Term Loan in immediately available funds as set forth in the Loan Closing Statement loan closing statement executed by Borrower on the Closing DateDate (the “Loan Closing Statement”).

Appears in 1 contract

Samples: Credit and Security Agreement (Global Axcess Corp)

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Disbursement of Loan. The Borrower hereby irrevocably authorizes the Lender to disburse the proceeds of the Term Loan in immediately available funds as set forth in the Loan Closing Statement executed by Borrower on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Claude Resources Inc)

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