Common use of Funding of Accommodations Clause in Contracts

Funding of Accommodations. Subject to Section 4.2, all Advances requested by the Borrower will be made available by deposit of the applicable funds into the appropriate Borrower’s Account for value on the Banking Day on which the Advance is to take place.

Appears in 2 contracts

Samples: Credit Agreement (Protective Products of America, Inc.), Credit Agreement (Protective Products of America, Inc.)

AutoNDA by SimpleDocs

Funding of Accommodations. Subject to Section 4.25.2 and Article 8, all Advances requested by the Borrower will be made available by deposit of the applicable funds into the appropriate Borrower’s Account for value on the Banking Day on which the Advance is to take place.

Appears in 1 contract

Samples: Credit Agreement (Gran Tierra Energy Inc.)

AutoNDA by SimpleDocs

Funding of Accommodations. Subject to Section 4.25.2, all Advances (other than Letters of Credit) requested by the Borrower will be made available by deposit of the applicable funds into the appropriate Borrower’s Account for value on the Banking Day on which the Advance is to take place.

Appears in 1 contract

Samples: Credit Agreement (Obsidian Energy Ltd.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!