Payments as Loans. Borrower's failure to pay any amount due from Borrower under this Agreement or any other Loan Document, whether for principal, interest, fees, premiums, costs, expenses or otherwise, shall be deemed to be a request by Borrower for a loan hereunder, and Lender may charge Borrower's loan account for any such amount. Additionally, if Lender determines in its discretion that extensions of credit are necessary to protect the Collateral, Lender is hereby authorized to make such extensions of credit and charge them to Borrower's loan account.
Payments as Loans. At the election of the Administrative Agent, all payments of principal of or interest on the Loans, reimbursement obligations in connection with Letters of Credit, fees, premiums, reimbursable expenses and other sums payable hereunder may be paid from the proceeds of Loans made hereunder. Each Borrower hereby irrevocably authorizes the Administrative Agent to charge the Loan Account for the purpose of paying all amounts from time to time due from any Borrower and agrees that all such amounts charged shall constitute Loans (including Overadvance Loans and Protective Advances).
Payments as Loans. Borrowers’ failure to pay any amount due from Borrowers under this Agreement or any other Loan Document, whether for principal, interest, fees, premiums, costs, expenses or otherwise, shall be deemed to be a request by Borrowers’ Agent for a loan hereunder, and Agent may charge Borrowers’ loan account for any such amount. Additionally, if Agent determines in its discretion that extensions of credit are necessary to protect the Collateral or to enhance the likelihood of repayment in full of the Obligations, Lenders are hereby authorized to make such extensions of credit and charge them to Borrowers’ loan account.
Payments as Loans. At the election of the Administrative Agent, all payments of principal, interest, reimbursement obligations in connection with Letters of Credit, fees, premiums, reimbursable expenses and other sums payable hereunder may be paid from the proceeds of Loans made hereunder. The Company hereby irrevocably authorizes the Administrative Agent to make Administrative Agent Advances for the purpose of paying all amounts from time to time due hereunder.
Payments as Loans. 10 3.5 Apportionment, Application and Reversal of Payments...........................................10 3.6
Payments as Loans. At the election of Lender, all payments of principal, interest, reimbursement obligations in connection with Letters of Credit, fees, premiums, reimbursable expenses and other sums payable hereunder, may be paid from the proceeds of Loans made hereunder. The Borrower hereby irrevocably authorizes the Lender to charge the Loan Account for the purpose of paying all amounts from time to time due hereunder and agrees that all such amounts charged shall constitute Loans.
Payments as Loans. At the election of Agent, all payments of principal, interest, reimbursement obligations in connection with Letters of Credit and Credit Support for Letters of Credit, fees, premiums, reimbursable expenses and other sums payable hereunder, may be paid from the proceeds of Loans made hereunder. The Borrowers hereby irrevocably authorize the Agent to charge the Loan Account for the purpose of paying all amounts from time to time then due hereunder and agrees that all such amounts charged shall constitute Loans (including Non-Ratable Loans and Agent Advances).
Payments as Loans. All payments of principal, interest, fees, premiums and other sums payable hereunder, including all reimbursement for expenses pursuant to Section 15.7, may, at the option of the Agent, in its sole discretion, subject only to the terms of this Section 4.5, be paid from the proceeds of Loans made hereunder, whether made following a request by the Borrower pursuant to Section 2.2 or a deemed request as provided in this Section 4.5. The Borrower hereby irrevocably authorizes the Agent to charge the Loan Account for the purpose of paying principal, interest, reimbursement obligations in connection with fees, premiums and other sums payable hereunder, including reimbursing expenses pursuant to Section 15.7, and agrees that all such amounts charged shall constitute Loans (including Agent Advances) and that all such Loans so made shall be deemed to have been requested by Borrower pursuant to Section 2.2.
Payments as Loans. All payments of principal, interest, reimbursement obligations in connection with fees and other sums payable hereunder, including all reimbursement for expenses pursuant to Section 15.7, may, at the option of the Agent, in its sole discretion, subject only to the terms of this Section 4.4, be paid from the proceeds of Loans made hereunder, whether made following a request by a Borrower pursuant to Section 2.1 or a deemed request as provided in this Section 4.4. Each Borrower hereby irrevocably authorizes the Agent to charge the Loan Account for the purpose of paying principal and interest on Loans requested by it, fees, premiums and other sums payable hereunder, including reimbursing expenses pursuant to Section 15.7, and agrees that all such amounts charged shall constitute Loans (including BABC Loans and Agent Advances) and that all such Loans so made shall be deemed to have been requested by such Borrower pursuant to Section 2.1.
