Disbursement of the Loans. The Bank shall credit Advances under the Line of Credit to the deposit accounts of the Borrower with the Bank for the benefit of Holdings or as otherwise directed in writing by Holdings, including payments to third parties through electronic funds transfers.
Disbursement of the Loans. (A) Bank will credit or pay the proceeds of each Revolver Loan Advance to Parent’s deposit account with Bank, or in such other manner as Parent and Bank may agree.
Disbursement of the Loans. The Lender will credit the proceeds of the Loans hereunder to the Borrower's deposit account with the Lender or in accordance with the Borrower's acceptable instructions from time to time.
Disbursement of the Loans. The Bank will disburse the proceeds of the Notes to the Borrower’s deposit account with the Bank or as otherwise directed by the Borrower.
Disbursement of the Loans. The Bank shall credit the proceeds of the Loan to the deposit accounts of the Borrower with the Bank for the benefit of the Borrower or as otherwise directed in writing by the Borrower, including payments to third parties through electronic funds transfers. Advances under the Primary Line of Credit shall (1) be made in accordance with the disbursement procedures set forth in the Primary Line of Credit Note; (2) shall not cause the Debit Balance, as defined in the Primary Line of Credit Note, to exceed Twelve Million Dollars ($12,000,000); provided, however, the availability under the Primary Line of Credit for direct borrowings shall be reduced by the aggregate face amount of all outstanding Letters of Credit issued by the Bank or its affiliate for the account of the Borrower; and (3) shall be for a purpose defined in Article II herein. Advances under the Secondary Line of Credit shall (1) be made in accordance with the disbursement procedures set forth in the Secondary Line of Credit Note; (2) shall not cause the Debit Balance, as defined in the Secondary Line of Credit Note, to exceed Four Million Dollars ($4,000,000); provided, however, the availability under the Secondary Line of Credit for direct borrowings shall be reduced by the aggregate face amount of all outstanding Letters of Credit issued by the Bank or its affiliate for the account of the Borrower; and (3) shall be for a purpose defined in Article II-A herein."
Disbursement of the Loans. The Bank shall credit the proceeds of the Loan to the deposit accounts of the Borrower with the Bank for the benefit of the Borrower or as otherwise directed in writing by the Borrower, including payments to third parties through electronic funds <PAGE> 18
Disbursement of the Loans. On the next Business Day after Borrowers’ application pursuant to Section 2.1 above, Lender will credit the proceeds of the Loans to or for the benefit of Borrowers via wire transfer or ACH to Borrowers’ operating account as Borrowers shall designate by written notice to Lender, except for the payment of amounts due to or for the benefit of Lender hereunder, which shall be made directly to Lender.
Disbursement of the Loans. On the terms and subject to the conditions set forth herein, the Lender agrees to lend to the Borrower during the Availability Period from time to time upon submission of an executed Disbursement Request, the principal amount of the term loans in an amount equal to $15,000,000 (the “Loans”) each fiscal quarter up to an aggregate principal amount not to exceed the Term Loan Commitment. Upon receipt of a Disbursement Request, the Lender shall make the proceeds of the Disbursement available to the Borrower within three (3) business days of the Disbursement Request by wiring such amounts to an account or accounts designated in writing by the Borrower in the Disbursement Request, not to exceed $15,000,000 per fiscal quarter within three (3) business days of the Disbursement Request. Amounts borrowed hereunder that are paid, repaid, and/or prepaid may not be re-borrowed under any circumstance. Each borrowing shall be made by delivery of a fully executed Disbursement Request by an Authorized Officer delivered to the Lender. Within three (3) business days of Lender’s receipt of the Disbursement Request, Lender shall make proceeds available to the Borrower on the applicable Disbursement Date by transferring immediately available funds equal to the amount requested in the Disbursement Request to the account designated by Borrower.
Disbursement of the Loans. The Lender will credit the proceeds of the Loans to or for the benefit of Borrower via wire transfer or ACH to Borrower's operating account as Borrower shall designate by written notice to Lender, except for the payment of amounts due to or for the benefit of Lender hereunder which shall be made directly to Lender.
