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 the Lender may designate from time to time and, together with any and all other Obligations of the Borrower to the Lender, shall be charged to Borrowers' Account on the Lender's books. During the Term, the 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 the Borrower or deemed to have been requested by the Borrower under Section 2.2 hereof shall, with respect to requested Revolving Advances to the extent the Lender makes such Revolving Advances, be made available to the Borrower on the day so requested by way of credit to the Borrower's operating account with the Lender, in immediately available funds or, with respect to Revolving Advances deemed to have been requested by the Borrower, be disbursed to the Lender to be applied to the outstanding Obligations giving rise to such deemed request.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Fidelity National Information Solutions Inc), Revolving Credit Agreement (Fidelity National Information Solutions Inc)

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Disbursement of Revolving Advance Proceeds. All ------------------------------------------ Revolving Advances shall be disbursed from whichever office or other place the Lender may designate from time to time and, together with any and all other Obligations of the Borrower to the Lender, shall be charged to Borrowers' Account on the Lender's books. During Prior to the TermMaturity Date, the 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 the Borrower or deemed to have been requested by the Borrower under Section 2.2 hereof shall, with respect to requested Revolving ----------- Advances to the extent the Lender makes such Revolving Advances, be made available to the Borrower on the day so requested by way of credit to the Borrower's operating account with the Lender, in immediately available funds or, with respect to Revolving Advances deemed to have been requested by the Borrower, be disbursed by or to the Lender to be applied to the outstanding Obligations giving rise to such deemed request.

Appears in 1 contract

Samples: Revolving Credit Agreement (Homeseekers Com Inc)

Disbursement of Revolving Advance Proceeds. All Revolving Advances shall be disbursed from whichever office or other place the Lender may designate from time to time and, together with any and all other Obligations of the Borrower to the Lender, shall be charged to Borrowers' Account on the Lender's books. During Prior to the TermMaturity Date, the 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 the Borrower or deemed to have been requested by the Borrower under Section 2.2 hereof shall, with respect to requested Revolving Advances to the extent the Lender makes such Revolving Advances, be made available to the Borrower on the day so requested by way of credit to the Borrower's operating account with the Lender, in immediately available funds or, with respect to Revolving Advances deemed to have been requested by the Borrower, be disbursed by or to the Lender to be applied to the outstanding Obligations giving rise to such deemed request.

Appears in 1 contract

Samples: Revolving Credit Agreement (Fidelity National Financial Inc /De/)

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Disbursement of Revolving Advance Proceeds. All Revolving Advances shall be disbursed from whichever office or other place the Lender Agent may designate from time to time and, together with any and all other Obligations of the Borrower to the LenderAgent or Lenders, shall be charged to Borrowers' Borrower's Account on the LenderAgent's books. During Prior to the TermTermination Date, the Borrower may use the Revolving Advances by borrowing, prepaying without premium or penalty (subject to Section 2.14 hereof) and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by the Borrower or deemed to have been requested by the Borrower under Section 2.2 Sections 2.3 or 3.1 hereof shall, with respect to requested Revolving Advances to the extent the Lender makes Lenders make such Revolving Advances, be made available to the Borrower on the day so requested for such Revolving Advance by way of credit to the Borrower's operating account with the Lenderat PNC, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by the Borrower, be disbursed to the Lender Agent to be applied to the outstanding Obligations giving rise to such deemed request.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Robotic Vision Systems Inc)

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