Common use of Discretionary Disbursements Clause in Contracts

Discretionary Disbursements. The Bank, in its sole and absolute discretion, may immediately upon notice to the Borrower, disburse any or all proceeds of the Loans made or available to the Borrower pursuant to this Agreement to pay any fees, costs, expenses or other amounts required to be paid by the Borrower hereunder and not so paid. All monies so disbursed shall be a part of the Obligations, payable by the Borrower on demand from the Bank.

Appears in 14 contracts

Samples: Loan and Security Agreement (Birner Dental Management Services Inc), Loan and Security Agreement (Primoris Services CORP), Loan and Security Agreement (Primoris Services CORP)

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Discretionary Disbursements. The Bank, in its sole and absolute discretion, may immediately upon notice to the BorrowerBorrowing Agent, disburse any or all proceeds of the Loans made or available to the Borrower Borrowers pursuant to this Agreement to pay any fees, costs, expenses or other amounts required to be paid by the Borrower Borrowers hereunder and not so paid. All monies so disbursed shall be a part of the Obligations, jointly and severally payable by the Borrower Borrowers on demand from the Bank.

Appears in 3 contracts

Samples: Loan and Security Agreement (Intricon Corp), Loan and Security Agreement (Intricon Corp), Loan and Security Agreement (Intricon Corp)

Discretionary Disbursements. The Bank, in its sole and absolute reasonable discretion, may immediately upon notice to the Borrower, disburse any or all proceeds of the Loans made or available to the Borrower pursuant to this Agreement to pay any fees, costs, expenses or other amounts required to be paid by the Borrower hereunder and not so paid. All monies so disbursed shall be a part of the Obligations, payable by the Borrower on demand from the Bank.

Appears in 2 contracts

Samples: Loan and Security Agreement (Argyle Security, Inc.), Loan and Security Agreement (Argyle Security, Inc.)

Discretionary Disbursements. The Bank, in its sole and absolute discretion, may immediately upon notice to the Borrower, disburse any or all proceeds of the Loans made or available to the Borrower pursuant to this Agreement and/or the Other Agreements to pay any fees, costs, expenses or other amounts required to be paid by the Borrower hereunder and not so paid. All monies so disbursed by Bank shall be a part of the ObligationsBorrower's Liabilities, payable by the Borrower on demand from the Bankdemand.

Appears in 2 contracts

Samples: Loan and Security Agreement (Heartland Technology Inc), Loan and Security Agreement (Sigmatron International Inc)

Discretionary Disbursements. The Bank, in its sole and absolute discretion, may immediately upon prior written notice to the Borrower, disburse any or all proceeds of the Loans made or available to the Borrower pursuant to this Agreement to pay any fees, costs, expenses or other amounts required to be paid by the Borrower hereunder and not so paid. All monies so disbursed shall be a part of the Obligations, payable by the Borrower on demand from the Bank.

Appears in 2 contracts

Samples: Loan and Security Agreement (Atlas Financial Holdings, Inc.), Loan and Security Agreement (Atlas Financial Holdings, Inc.)

Discretionary Disbursements. The Bank, in its sole and absolute discretion, may immediately upon notice to the BorrowerBorrowers, disburse any or all proceeds of the Loans made or available to the Borrower Borrowers pursuant to this Agreement to pay any fees, costs, expenses or other amounts required to be paid by the Borrower Borrowers hereunder and not so paid. All monies so disbursed shall be a part of the Obligations, payable by the Borrower Borrowers on demand from the Bank.

Appears in 2 contracts

Samples: Loan and Security Agreement (Smithway Motor Xpress Corp), Loan and Security Agreement (Lifeway Foods Inc)

Discretionary Disbursements. The Bank, in its sole and absolute discretion, may immediately upon prior notice to the Borrower, disburse any or all certain proceeds of the Revolving Loans made or available to the Borrower pursuant to this Agreement to pay any fees, costs, expenses or other amounts required to be paid by the Borrower hereunder and not so paidhereunder. All monies so disbursed shall be a part of the Obligations, payable by the Borrower on demand from the Bank.

Appears in 1 contract

Samples: Bridge Loan Agreement (Hunt J B Transport Services Inc)

Discretionary Disbursements. The Bank, in its sole and absolute discretion, may immediately upon notice to the Borrower, disburse apply any or all proceeds of the Loans Term Loan made or available to the Borrower pursuant to this Agreement or repaid by Borrower to pay any fees, costs, expenses or other amounts required to be paid by the Borrower hereunder and not so paid. All monies so disbursed shall be a part of the Obligations, payable by the Borrower on demand from the Bank.

Appears in 1 contract

Samples: Loan and Security Agreement (Global Energy, Inc.)

Discretionary Disbursements. The Bank, in its sole and absolute --------------------------- discretion, may immediately upon notice to the BorrowerAuthorized Agent, disburse any or all proceeds of the Loans made or available to the Borrower Borrowers pursuant to this Agreement and/or the Other Agreements to pay any fees, costs, expenses or other amounts required to be paid by the Borrower Borrowers hereunder and not so paid. All monies so disbursed shall be a part of the ObligationsBorrowers' Liabilities, payable by the Borrower Borrowers on demand from the Bankdemand.

Appears in 1 contract

Samples: Loan and Security Agreement (Heartland Partners L P)

Discretionary Disbursements. The Bank, in its sole and absolute discretion, may immediately upon notice to the Borroweran Authorized Officer, disburse any or all proceeds of the Loans Revolving Loan made or available to the Borrower pursuant to this Agreement the Loan Documents to pay any fees, costs, expenses or other amounts required to be paid by the Borrower hereunder and not so paid. All monies so disbursed by Bank shall be a part of the ObligationsBorrower's Liabilities, payable by the Borrower on demand from the Bankdemand.

Appears in 1 contract

Samples: Loan and Security Agreement (Aasche Transportation Services Inc)

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Discretionary Disbursements. The Bank, in its sole and absolute discretion, may immediately upon notice to the Borrower, disburse any or all proceeds of the Loans made or available to the Borrower pursuant to this Agreement to pay any fees, costs, expenses or other amounts required to be paid by the Borrower hereunder and not so paid. All monies so disbursed shall be a part of the Obligations, payable by the Borrower on demand from the Bank.

Appears in 1 contract

Samples: Credit Agreement (Integrity Media Inc)

Discretionary Disbursements. The Bank, in its sole and absolute discretion, may immediately upon notice to the BorrowerRepresentative, disburse any or all proceeds of the Loans made or available to the Borrower Borrowers pursuant to this Agreement and/or the Other Agreements to pay any fees, costs, expenses or other amounts required to be paid by the Borrower Borrowers hereunder and not so paid. All monies so disbursed by Bank shall be a part of the ObligationsBorrowers' Liabilities, payable by the Borrower Borrowers on demand from the Bankdemand.

Appears in 1 contract

Samples: Loan and Security Agreement (Paul Harris Stores Inc)

Discretionary Disbursements. The Bank, in its sole and absolute discretion, may immediately upon notice to the Borrower, disburse any or all proceeds of the Loans made or available to the Borrower pursuant to this Agreement to pay any fees, costs, expenses or other amounts required to be paid by the Borrower hereunder and not so paid. All monies so disbursed shall be a part of the Obligations, payable by the Borrower Borrowers on demand from the Bank.

Appears in 1 contract

Samples: Loan Agreement (Koss Corp)

Discretionary Disbursements. The Bank, in its sole and absolute discretion, may immediately upon notice to the BorrowerBorrowers, disburse any or all proceeds of the Loans Loan made or available to the Borrower Borrowers pursuant to this Agreement to pay any fees, costs, expenses or other amounts required to be paid by the Borrower Borrowers hereunder and not so paid. All monies so disbursed shall be a part of the Obligations, payable by the Borrower Borrowers on demand from the Bank.

Appears in 1 contract

Samples: Loan and Security Agreement (Inland American Real Estate Trust, Inc.)

Discretionary Disbursements. The Bank, in its sole and absolute --------------------------- discretion, may immediately upon notice to the Borrower, disburse any or all proceeds of the Revolving Loans made or available to the Borrower pursuant to this Agreement and/or the Other Agreements to pay any fees, costs, expenses or other amounts required to be paid by the Borrower hereunder and not so paid. All monies so disbursed shall be a part of the ObligationsBorrower's Liabilities, payable by the Borrower on demand from the Bankdemand.

Appears in 1 contract

Samples: Loan and Security Agreement (Heartland Partners L P)

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