Loan Advances and Payments. In addition to other applicable terms regarding fund transfers, Bank shall not be required to process any loan advance request if any default exists under any credit agreement with Bank, or these terms and conditions, or Bank is otherwise excused or prohibited under any credit agreement or applicable law from making an advance to Company. All information provided regarding any loan Account is for Company’s informational purposes only and are subject to verification and adjustment, including all information regarding availability and payoff amounts.
Loan Advances and Payments. Each Loan advance and each payment by the Borrower hereunder shall be made prior to 12:00 noon (Toronto time) on the relevant date by deposit to the Designated Account. The Bank shall be entitled to withdraw the amount of any payment due to it hereunder from such account on the day specified for payment.
Loan Advances and Payments. Each Loan advance by a Lender and each payment by a Borrower hereunder must be made prior to 12:00 noon (Toronto time) on the relevant advance or payment date, as the case may be, by deposit to the Designated Account. A Borrower may provide to the Administrative Agent from time to time written instructions to authorize the Administrative Agent to withdraw the amount of any payment due to it or to a Lender hereunder from the applicable Designated Account on the day specified for payment. Whenever such payment becomes due or an Interest Period expires on a day other than a Banking Day, such payment will be made on, or Interest Period will be extended to the next Banking Day, and such extension of time will be included in the computation of interest or fees payable hereunder.
Loan Advances and Payments. Each Loan advance hereunder shall be made prior to 12:00 noon (Toronto time) on the relevant date by deposit to the Designated Account. Each xxxx of exchange which is to become a Bankers' Acceptance shall be presented and stamped in accordance with Section 4.4. Letters of Credit shall be issued on the terms of, and in accordance with, Section 1 of Appendix "F" and Forward Exchange Contracts and Swap Contracts shall be entered into on the terms of, and in accordance with, Section 2 of Appendix "F". The Bank shall be entitled to withdraw the amount of any payment due to it hereunder from the Designated Account on the day specified for payment.
