Common use of Making Loan Advances Clause in Contracts

Making Loan Advances. Advances under this credit facility, as well as directions for payment from Xxxxxxxx's accounts, may be requested orally or in writing by authorized persons. Lender may. but need not, require that all oral requests be confirmed in writing. Each Advance shall be conclusively deemed to have been made at the request of and for the benefit of Borrower (1) when credited to any deposit account of Borrower maintained with Lender or (2) when advanced in accordance with the instructions of an authorized person. Lender, at its option, may set a cutoff time, after which all requests for Advances will be treated as having been requested on the next succeeding Business Day.

Making Loan Advances. Advances under this credit facility, as well as directions for payment from XxxxxxxxBorrower's accounts, may be requested orally or in In writing by authorized persons. Lender may. , but need not, require that all oral requests be confirmed in writing. Each Advance shall be conclusively deemed to have been made at the request of and for the benefit of Borrower (1) when credited to any deposit account of Borrower maintained with Lender or (2) when advanced in accordance with the instructions of an authorized person. Lender, at its option, may set a cutoff time, time after which all requests for Advances will be treated as having been requested on the next succeeding Business Day.

Making Loan Advances. Advances under this credit facility, as well as directions for payment from XxxxxxxxBorrower's accounts, may be requested orally or in writing by authorized persons. Lender may. , but need not, require that all oral requests be confirmed in writing. Each Advance shall be conclusively deemed to have been made at the request of and for the benefit of Borrower (1) when credited to any deposit account of Borrower maintained with Lender or (2) when advanced in accordance with the instructions of an authorized person. Lender, at its option, may many set a cutoff time, after which all requests for Advances will be treated as having been requested on the next succeeding Business Day.

Making Loan Advances. Advances under this credit facility, as well as directions for payment from XxxxxxxxBorrower's accounts, may be requested orally or in writing by authorized axxxxxxxxd persons. Lender may. , but need not, not require that all oral requests be confirmed in writing. Each Advance shall be conclusively deemed to have been made at the request of and for the benefit of Borrower (1) when credited to any deposit account of Borrower maintained with Lender or (2) when advanced in accordance with the instructions of an authorized person. person Lender, at its option, may set a cutoff time, after which all requests for Advances will be treated as having been requested on the next succeeding Business Day.

Making Loan Advances. Advances under this credit facility, as well as directions for payment from XxxxxxxxBorrower's accounts, may be requested orally or in writing by authorized persons. Lender may. , but need not, not require that all oral requests be confirmed in writing. Each Advance shall be conclusively deemed to have been made at the request of and for the benefit of Borrower (1) when credited to any deposit account of Borrower maintained with Lender or (2) when advanced in accordance with the instructions of an authorized person. person Lender, at its option, may set a cutoff time, after which all requests for Advances will be treated as having been requested on the next succeeding Business Day.

Making Loan Advances. Advances under this the credit facility, as well as directions for payment from Xxxxxxxx's accounts, may be requested orally or in writing by authorized persons. Lender may. , but need not, require that all oral requests be confirmed in writing. Each Advance shall be conclusively deemed to have been made at the request of and for the benefit of Borrower (1a) when credited to any deposit account of Borrower Xxxxxxxx maintained with Lender or (2b) when advanced in accordance with the instructions of an authorized person. Lender, at its option, may set a cutoff time, after which all requests for Advances will be treated as having been requested on the next succeeding Business Day.