Disbursements and Payments. (a) Each payment by the Borrower will be made at the Bank's banking center (or other location) selected by the Bank from time to time; and will be made in immediately available funds, or such other type of funds selected by the Bank. (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 6 contracts
Samples: Loan Agreement (Wynn Stephen A), Business Loan Agreement (Motorcar Parts & Accessories Inc), Business Loan Agreement (Novatel Wireless Inc)
Disbursements and Payments. (a) Each payment by the Borrower will be made at the Bank's banking center (or other location) selected by the Bank from time to time; and will be made in immediately available funds, funds by direct debit to a deposit account as specified below or such other type by mail to the address shown on the Borrower’s statement or at one of funds selected by 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 5 contracts
Samples: Business Loan Agreement (Leapfrog Enterprises Inc), Business Loan Agreement (Excelligence Learning Corp), Business Loan Agreement (Winter Sports Inc /New)
Disbursements and Payments. (a) Each payment by the Borrower will be made at the Bank's banking center (or other location) selected by the Bank from time to time; and will be made in immediately available funds, or such other type of funds selected by the Bank.
(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 (Universal Electronics Inc)
Disbursements and Payments. (a) Each payment by the Borrower will be made at the Bank's ’s banking center (or other location) selected by the Bank from time to time; and will be made in immediately available funds, or such other type of funds selected by the Bank.
(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 (Network Equipment Technologies Inc)
Disbursements and Payments. (a) Each payment by the Borrower Borrowers will be made at the Bank's ’s banking center (or other location) selected by the Bank from time to time; and will be made in immediately available funds, or such other type of funds selected by the Bank.
(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
