Common use of Disbursement of Revolving Loans Clause in Contracts

Disbursement of Revolving Loans. The proceeds of Revolving Loans shall be transmitted: (x) in the circumstances described in Section 3.5, by the Agent directly to the Issuing Bank, and (y) in all other circumstances, by the Agent or Lenders, as the case may be.

Appears in 3 contracts

Samples: Credit Agreement (Florsheim Group Inc), Credit Agreement (Venture Stores Inc), Credit Agreement (Florsheim Group Inc)

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Disbursement of Revolving Loans. The proceeds of Revolving Loans shall be transmitted: transmitted by the Agent (xa) in the circumstances described in Section 3.5, by the Agent directly to the Issuing Bank, Agent and (yb) in all other circumstances, as requested by the Agent or Lenders, as the case may bea Borrower in its Notice of Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Spinnaker Industries Inc), Credit Agreement (Spinnaker Industries Inc)

Disbursement of Revolving Loans. The proceeds of Revolving Loans shall be transmitted: (x) in the circumstances described in Section SECTION 3.5, by the Agent directly to the Issuing Bank, and (y) in all other circumstances, by the Agent or Lenders, as the case may be, to the Disbursement Account.

Appears in 1 contract

Samples: Credit Agreement (Hutchinson Products Corp)

Disbursement of Revolving Loans. The proceeds of Revolving Loans shall be transmitted: (x) in the circumstances circum- stances described in Section SECTION 3.5, by the Agent directly to the Issuing Bank, and (y) in all other circumstances, by the Agent or Lenders, as the case may be, to the Disbursement Account.

Appears in 1 contract

Samples: Credit Agreement (Metal Management Inc)

Disbursement of Revolving Loans. The proceeds of Revolving Loans shall be transmitted: (x) in the circumstances described in Section 3.5, by the Agent directly to the Issuing Bank, and (y) in all other circumstances, by the Agent or Revolving Lenders, as the case may be, to the Disbursement Account.

Appears in 1 contract

Samples: Credit Agreement (Imagyn Medical Technologies Inc)

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Disbursement of Revolving Loans. The proceeds of Revolving Loans shall be transmitted: (xX) in the circumstances circum- stances described in Section SECTION 3.5, by the Agent directly to the applicable Issuing Bank, and (yY) in all other circumstances, by the Agent or Revolving Lenders, as the case may be, to the Disbursement Account.

Appears in 1 contract

Samples: Postpetition Credit Agreement (Levitz Furniture Corp /Fl/)

Disbursement of Revolving Loans. The proceeds of Revolving Loans shall be transmitted: (xX) in the circumstances described in Section SECTION 3.5, by the Agent directly to the Issuing Bank, and (yY) in all other circumstances, by the Agent or Lenders, as the case may be, to the Disbursement Account.

Appears in 1 contract

Samples: Credit Agreement (Metal Management Inc)

Disbursement of Revolving Loans. The proceeds of Revolving Loans shall be transmitted: (x) in the circumstances described in Section 3.5, by the Agent directly to the Issuing Bank, and (y) in all other circumstances, by the Agent or Lenders, as the case may be, to the Disbursement Account.

Appears in 1 contract

Samples: Credit Agreement (Imagyn Medical Technologies Inc)

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