Common use of Disbursement of Revolving Advance Proceeds Clause in Contracts

Disbursement of Revolving Advance Proceeds. All Revolving 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 Borrower to Agent or Lenders, shall be charged to Borrower's account on Agent's books. During the Term, Borrower 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 Borrower or deemed to have been requested by Borrower under Section 2.12(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to Borrower on the day so requested by way of credit to Borrower's Operating Account, or such other bank as Borrower may designate following notification to Agent, in immediately available federal or other immediately available funds or, with respect to Revolving Advances deemed to have been requested, be disbursed to Agent in payment of outstanding Obligations.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Allstate Financial Corp /Va/)

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Disbursement of Revolving Advance Proceeds. All Revolving 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 Borrower Borrowers to Agent or Lenders, shall be charged to Borrower's account Borrowers' Account on Agent's books. During the Term, Borrower 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 Borrower Borrowers or deemed to have been requested by Borrower Borrowers under Section 2.12(a2.2(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 BorrowerVISTA's Operating Accountoperating account at PNC, or such other bank as Borrower 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 requestedrequested by any Borrower, be disbursed to Agent in payment of to be applied to the outstanding ObligationsObligations giving rise to such deemed request.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Vista Information Solutions Inc)

Disbursement of Revolving Advance Proceeds. All Revolving 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 Borrower to Agent or Lenders, shall be charged to Borrower's account Account on Agent's books. During the Term, Borrower 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 Borrower or deemed to have been requested by Borrower under Section 2.12(a2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to Borrower on the day so requested by way of credit to Borrower's Operating Accountoperating account at IBJS, or such other bank as Borrower 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, be disbursed to Agent in payment of to be applied to the outstanding ObligationsObligations giving rise to such deemed request.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Fonda Group Inc)

Disbursement of Revolving Advance Proceeds. All Revolving 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 Borrower to Agent or Lenders, shall be charged to Borrower's account ’s Account on Agent's ’s books. During the Term, Borrower may use the Revolving Advances by borrowing, prepaying repaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrower or deemed to have been requested by Borrower under Section 2.12(a2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to Borrower on the day so requested by way of credit to Borrower's Operating Account’s operating account at CoBank, or such other bank as Borrower 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 requestedrequested by Borrower, be disbursed to Agent in payment of to be applied to the outstanding ObligationsObligations giving rise to such deemed request.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (FCStone Group, Inc.)

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Disbursement of Revolving Advance Proceeds. All Revolving Advances shall be disbursed from whichever office or other place Agent may designate from time to time (subject to Section 3.10) and, together with any and all other Obligations of Borrower Borrowers to Agent or Lenders, shall be charged to the applicable Borrower's account ’s Account on Agent's ’s books. During the Term, Borrower 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 a Borrower or deemed to have been requested by a Borrower under Section 2.12(a2.2(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, ’s operating account at Bank One N.A. or such other bank as such Borrower 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 requestedrequested by any Borrower, be disbursed to Agent in payment of to be applied to the outstanding ObligationsObligations giving rise to such deemed request.

Appears in 1 contract

Samples: Loan and Security Agreement (Edgen Louisiana CORP)

Disbursement of Revolving Advance Proceeds. All Revolving Advances shall be disbursed from whichever office or other place Agent Lender may designate from time to time and, together with any and all other Obligations of Borrower Borrowers to Agent or LendersLender, shall be charged to Borrower's Borrowers' account on AgentLender's books. During the Term, Borrower Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereofof this Agreement. The proceeds of each Revolving Advance requested by Borrower Borrowers or deemed to have been requested by Borrower Borrowers under Section 2.12(a) 2.2 hereof shall, with respect to requested Revolving Advances to the extent Lenders make Lender makes such Revolving Advances, be made available to Borrower Borrowers on the day so requested by way of credit to Borrower's Operating AccountBorrowers' operating account at Washington Mutual Bank, or such other bank as Borrower Borrowing Agent may designate following notification to AgentLender, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requestedrequested by Borrowers, be disbursed to Agent in payment of Lender to be applied to the outstanding ObligationsObligations giving rise to such deemed request.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Parlux Fragrances Inc)

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