Common use of Loan Request Clause in Contracts

Loan Request. By delivering a duly completed and executed Loan Request to Lender, on a Business Day, Borrower may irrevocably request that a Loan be made on the Closing Date specified in such Loan Request (which date shall be at least two Business Days but no more than 10 Business Days after the date of delivery to Lender of such Loan Request). On such Closing Date, subject to the terms and conditions contained herein (including, without limitation, the fulfillment of the conditions set forth in Article III or Lender’s written waiver thereof), Lender shall disburse the Original Principal Amount specified in such Loan Request to, or on behalf of, Borrower to the accounts or entities specified in such Loan Request. Such Loan Request shall specify the applicable Closing Date, the Original Principal Amount of such Loan and the applicable disbursement instructions. Borrower agrees that the proceeds of all Loans shall be used solely for the purposes described in such Loan Request.

Appears in 4 contracts

Samples: Loan Agreement (Primoris Services Corp), Loan Agreement (Primoris Services Corp), Loan Agreement (Primoris Services CORP)

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Loan Request. By delivering a duly completed and executed Loan Request to Lender, Lender on a Business Day, Borrower may irrevocably request that a Loan or Loans (as allowed by the terms hereof) be made on the Closing Date specified in such Loan Request (which date shall be at least two Business Days but no more than 10 Business Days after the date of delivery to Lender of such Loan Request). On such Closing Date, subject to the terms and conditions contained herein (including, without limitation, the fulfillment of the conditions set forth in Article III or Lender’s 's written waiver thereof), Lender shall disburse the Original Principal Amount specified in such Loan Request to, or on behalf of, Borrower to the accounts or entities specified in such Loan Request. Such Loan Request shall specify the applicable Closing Date, the Original Principal Amount of such Loan and the applicable disbursement instructions. Borrower agrees that the proceeds of all Loans shall be used solely for the purposes described in such Loan Request.

Appears in 1 contract

Samples: Loan Agreement (Newpark Resources Inc)

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