Disbursement. Upon fulfillment of the applicable conditions set forth in Article IV, the Lender shall disburse the proceeds of the requested Advance by crediting the same to the Borrower’s demand deposit account maintained with the Lender unless the Lender and the Borrower shall agree in writing to another manner of disbursement.
Appears in 13 contracts
Samples: Credit and Security Agreement (Christopher & Banks Corp), Credit and Security Agreement (Christopher & Banks Corp), Credit and Security Agreement (Gardenburger Inc)
Disbursement. Upon fulfillment of the applicable conditions set forth in Article IV, the Lender shall disburse the proceeds of the requested Advance by crediting the same to the Borrower’s demand deposit account maintained with the Lender Xxxxx Fargo Bank unless the Lender and the Borrower shall agree in writing to another manner of disbursement.
Appears in 3 contracts
Samples: Credit and Security Agreement (HC2 Holdings, Inc.), Credit and Security Agreement (Waters Instruments Inc), Credit and Security Agreement (Bionova Holding Corp)
Disbursement. Upon fulfillment of the applicable conditions set forth in Article IVIV and the Lender’s determination to make the Advance, the Lender shall disburse the proceeds of the requested Advance by crediting the same to the Borrower’s demand deposit account maintained with the Lender Rockland Trust unless the Lender and the Borrower shall agree in writing to another manner of disbursement.
Appears in 2 contracts
Samples: Credit and Security Agreement (CPS Technologies Corp/De/), Credit and Security Agreement (CPS Technologies Corp/De/)
Disbursement. Upon fulfillment of the applicable conditions set forth in Article IV, the Lender shall disburse the proceeds of the requested Advance by crediting the same to the Borrower’s demand deposit operating account maintained with the Lender unless the Lender and the Borrower shall agree in writing to another manner of disbursement.
Appears in 2 contracts
Samples: Credit and Security Agreement (Christopher & Banks Corp), Credit and Security Agreement (Christopher & Banks Corp)
Disbursement. Upon fulfillment of the applicable conditions set forth in Article IV, the Lender shall disburse the proceeds of the requested Advance by crediting the same to the Borrower’s Borrowers' demand deposit account maintained with the Lender unless the Lender and the Borrower Borrowers shall agree in writing to another manner of disbursement.
Appears in 2 contracts
Samples: Credit and Security Agreement (Netlist Inc), Credit and Security Agreement (Emrise CORP)
Disbursement. Upon fulfillment of the applicable conditions set forth in Article IV, the Lender shall disburse the proceeds of the Advance requested Advance by each Borrower by crediting the same to the BorrowerGlobal’s demand deposit account maintained with the Lender unless the Lender and the such Borrower shall agree in writing to another manner of disbursement.
Appears in 2 contracts
Samples: Credit and Security Agreement (Global Employment Holdings, Inc.), Credit and Security Agreement (Global Employment Holdings, Inc.)
Disbursement. Upon fulfillment of the applicable conditions set forth in Article IV, the Lender shall disburse the proceeds of the requested Revolving Advance by crediting the same to the Borrower’s 's demand deposit account maintained with the Lender unless the Lender and the Borrower shall agree in writing to another manner of disbursement.
Appears in 1 contract
Samples: Credit and Security Agreement (Tradestar Services, Inc.)
Disbursement. Upon fulfillment of the applicable conditions set forth in Article IVIV and the Lender’s determination to make the Advance, the Lender shall disburse the proceeds of the requested Advance by crediting the same wire transfer to the Borrower’s demand deposit account maintained with the Lender Fleet Bank, N.
A. unless the Lender and the Borrower shall agree in writing to another manner of disbursement.
Appears in 1 contract
Disbursement. Upon fulfillment of the applicable conditions set forth in Article IV, the Lender shall disburse the proceeds of the requested Advance by crediting the same to the BorrowerOrion’s demand deposit account maintained with the Lender unless the Lender and the Borrower Borrowers shall agree in writing to another manner of disbursement.
Appears in 1 contract
Samples: Credit and Security Agreement (Orion Energy Systems, Inc.)
Disbursement. Upon fulfillment of the applicable conditions set forth in Article IV, the Lender shall disburse the proceeds of the requested Advance by crediting the same to the Borrower’s demand deposit account maintained with the Lender Wxxxx Fargo Bank unless the Lender and the Borrower shall agree in writing to another manner of disbursement.
Appears in 1 contract
Disbursement. Upon fulfillment of the applicable conditions set forth in Article IV, the Lender shall disburse the proceeds of an Advance under the 4-Way Sweep Product or a requested Advance by crediting the same to the Borrower’s demand deposit account maintained with the Lender unless the Lender and the Borrower shall agree in writing to another manner of disbursement.
Appears in 1 contract
Disbursement. Upon fulfillment of the applicable conditions set forth in Article IV, the Lender shall disburse the proceeds of the requested Advance by crediting the same to the Borrower’s 's demand deposit account maintained with the Lender Wachovia Bank or other mutually agreed upon banking institution unless the Lender and the Borrower shall agree in writing to another manner of disbursement.
Appears in 1 contract
Samples: Credit and Security Agreement (U S Plastic Lumber Corp)
Disbursement. Upon fulfillment of the applicable conditions set forth in Article IV, the Lender shall disburse the proceeds of the requested Advance by crediting the same to the Borrower’s Borrowers’ demand deposit account maintained with the Lender Wachovia Bank, NA unless the Lender and the Borrower Borrowers shall agree in writing to another manner of disbursement.
Appears in 1 contract
Samples: Loan and Security Agreement (Vein Associates of America Inc)
Disbursement. Upon fulfillment of the applicable conditions set forth in Article IVIV and the Lender’s determination to make the Advance, the Lender shall disburse the proceeds of the requested Advance by crediting the same to the Borrower’s Borrowers’ demand deposit account maintained with the Lender unless the Lender and the Borrower Borrowers shall agree in writing to another manner of disbursement.
Appears in 1 contract
