Common use of Payment of Loan Proceeds Clause in Contracts

Payment of Loan Proceeds. Lender is authorized to disburse all proceeds of any Loan to Borrower hereunder directly to Borrower by depositing such proceeds in Borrower’s account with Lender.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Saddlebrook Resorts Inc)

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Payment of Loan Proceeds. Lender is authorized to disburse all any proceeds of any the Loan to Borrower hereunder directly to Borrower by depositing such proceeds in Borrower’s 's account with Lender.

Appears in 1 contract

Samples: Term Loan Agreement (Jagged Peak, Inc.)

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Payment of Loan Proceeds. Lender is authorized to disburse all proceeds of any Loan loan to Borrower hereunder directly to Borrower by depositing such proceeds in Borrower’s account with Lender.

Appears in 1 contract

Samples: Loan Agreement (Jagged Peak, Inc.)

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