Common use of Disbursements and Payments Clause in Contracts

Disbursements and Payments. (a) Each payment by the Borrower will be made in U.S. Dollars and immediately available funds by direct debit to a deposit account as specified below or, for payments not required to be made by direct debit, by mail to the address shown on the Borrower’s statement or at one of the Bank’s banking centers in the United States. (b) Each disbursement by the Bank and each payment by the Borrower will be evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower to sign one or more promissory notes.

Appears in 18 contracts

Samples: Loan Agreement (Cumberland Pharmaceuticals Inc), Loan Agreement (K Swiss Inc), Loan Agreement (Premier Exhibitions, Inc.)

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Disbursements and Payments. (a) Each payment by the Borrower will be made in U.S. Dollars and immediately available funds by direct debit to a deposit account as specified below or, for payments not required to be made by direct debit, by mail to the address shown on the Borrower’s 's statement or at one of the Bank’s 's banking centers in the United States. (b) Each disbursement by the Bank and each payment by the Borrower will be evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower to sign one or more promissory notes.

Appears in 4 contracts

Samples: Loan Agreement (Video Display Corp), Loan Agreement (Cohu Inc), Loan Agreement (Decorize Inc)

Disbursements and Payments. (a) Each payment by the Borrower Borrowers will be made in U.S. Dollars and immediately available funds by direct debit to a deposit account as specified below or, for payments not required to be made by direct debit, by mail to the address shown on the Borrower’s Borrowers’ statement or at one of the Bank’s banking centers in the United States. (b) Each disbursement by the Bank and each payment by the Borrower Borrowers will be evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower Borrowers to sign one or more promissory notes.

Appears in 4 contracts

Samples: Loan Agreement (California Water Service Group), Loan Agreement (Resources Connection Inc), Loan Agreement (Ambassadors International Inc)

Disbursements and Payments. (a) Each payment by the Borrower Borrowers will be made in U.S. Dollars and immediately available funds by direct debit to a deposit account as specified below or, for payments not required to be made by direct debit, by mail to the address shown on the Borrower’s Borrowers' statement or at one of the Bank’s banking centers in the United States. (b) Each disbursement by the Bank and each payment by the Borrower Borrowers will be evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower Borrowers to sign one or more promissory notes.

Appears in 3 contracts

Samples: Loan Agreement (Iaso Pharma Inc), Loan Agreement (Air T Inc), Loan Agreement (California First National Bancorp)

Disbursements and Payments. (a) Each payment by the Borrower Borrowers will be made in U.S. Dollars and immediately available funds by direct debit to a deposit account as specified below or, for payments not required to be made by direct debit, by mail to the address shown on the Borrower’s Borrowers' statement or at one of the Bank’s 's banking centers in the United States. (b) Each disbursement by the Bank and each payment by the Borrower Borrowers will be evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower Borrowers to sign one or more promissory notes.

Appears in 1 contract

Samples: Loan Agreement (California Water Service Group)

Disbursements and Payments. (a) Each payment by the Borrower will be made in U.S. Dollars and immediately available funds by direct debit to a deposit account as specified below or, for payments not required to be made by direct debit, by mail to the address shown on the Borrower’s 's statement or at one of the Bank’s 's banking centers in the United States. (b) Each disbursement by the Bank and each payment by the Borrower will be evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower to sign one or more promissory notes.

Appears in 1 contract

Samples: Business Loan Agreement (Vans Inc)

Disbursements and Payments. (a) Each payment by the Borrower will be made in U.S. Dollars and immediately available funds by direct debit to a deposit account number 14585-25065 as specified below or, for payments not required to be made by direct debit, by mail to the address shown on the Borrower’s 's statement or at one of the Bank’s 's banking centers in the United States. (b) Each disbursement by the Bank and each payment by the Borrower will be evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower to sign one or more promissory notes.

Appears in 1 contract

Samples: Business Loan Agreement (Pacific Sunwear of California Inc)

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Disbursements and Payments. (a) Each payment by the Borrower will be made in U.S. Dollars and immediately available funds by direct debit to a deposit account as specified below or, for payments not required to be made by direct debit, by mail to the address shown on the Borrower’s statement or at one of the Bank’s banking centers in the United States. (b) Each disbursement by the Bank and each payment by the Borrower will be evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower to sign one or more promissory notes.

Appears in 1 contract

Samples: Business Loan Agreement (Remedytemp Inc)

Disbursements and Payments. (a) Each payment by the Borrower under this Agreement will be made in U.S. Dollars and immediately available funds by direct debit to a deposit account as specified below or, for payments not required to be made by direct debit, by mail to the address shown on the Borrower’s statement or at one of the Bank’s banking centers in the United States. (b) Each disbursement by the Bank and each payment by the Borrower will be evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower to sign one or more promissory notesnotes to evidence Facility No. 1.

Appears in 1 contract

Samples: Loan Agreement (Hooker Furniture Corp)

Disbursements and Payments. (a) Each payment by the Borrower will be made in U.S. Dollars and immediately available funds by direct debit to a deposit account as specified below or, for payments not required to be made by direct debit, by mail to the address shown on the Borrower’s 's statement or at one of the Bank’s banking centers in the United States. (b) Each disbursement by the Bank and each payment by the Borrower will be evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower to sign one or more promissory notes.

Appears in 1 contract

Samples: Loan Agreement (Sequa Corp /De/)

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