Common use of Loan Management Service Clause in Contracts

Loan Management Service. If Agent has separately agreed that Borrowers may use the Loan Management Service, Borrowers shall not request and Agent shall no longer honor a request for Revolving Loans made in accordance with Section 2.2(a) and all Revolving Loans will instead be initiated by Agent and credited to the Designated Account as Revolving Loans as of the end of each Business Day in an amount sufficient to maintain an agreed upon ledger balance in the Designated Account, subject only to Availability as provided in Section 2.1. If Agent terminates Borrowers' access to the Loan Management Service, Borrowers may continue to request Revolving Loans as provided in Section 2.2(a), subject to the other terms and conditions of this Agreement. Agent shall have no obligation to make a Revolving Loan through the Loan Management Service after the occurrence of a Default or an Event of Default, or in an amount in excess of Availability, and may terminate the Loan Management Service at any time in its sole discretion.

Loan Management Service. If Borrowers and Agent has have separately agreed that Borrowers may use the Loan Management ServiceService (and such agreement is still in effect), Borrowers shall not request and Agent shall no longer honor a request for Revolving Loans a Borrowing made in accordance with Section 2.2(a) 2.3(a), and all Revolving Loans Borrowings will instead be initiated by Agent and credited to the applicable Designated Account as Revolving Loans Borrowings as of the end of each Business Day in an amount sufficient to maintain an agreed upon ledger balance in the applicable Designated Account, subject only to Availability as the limitations provided in Section 2.1. If Agent terminates Borrowers' ’ access to the Loan Management Service, Borrowers may continue to request Revolving Loans Borrowings as provided in Section 2.2(a2.3(a), subject to the other terms and conditions of this Agreement. Agent shall have no obligation to make a Revolving Loan Borrowing through the Loan Management Service after the occurrence and during the continuance of a Default or an Event of Default, or in an amount in excess of Availabilitythe limitations provided in Section 2.1, and may terminate the Loan Management Service at any time in its sole discretion.