Common use of Payments as Revolving Loans Clause in Contracts

Payments as Revolving Loans. At the election of the Agent, all payments of principal, interest, reimbursement obligations in connection with Letters of Credit, fees, premiums and other sums payable hereunder, including all reimbursement for expenses pursuant to Section 15.7, may be paid from the proceeds of Revolving Loans made hereunder, whether made following a request by the Borrowers pursuant to Section 2.2 or a deemed request as provided in this Section 4.

Appears in 1 contract

Samples: Loan and Security Agreement (Spiegel Inc)

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Payments as Revolving Loans. At the election of the Agent, all payments of principal, interest, reimbursement obligations in connection with Letters of CreditCredit and Credit Support, fees, premiums and other sums payable hereunderpremiums, including reimbursable expenses (including, without limitation, all reimbursement for expenses pursuant to Section 15.713.7), and other sums payable hereunder, may be paid from the proceeds of Revolving Loans made hereunder, hereunder whether made following a request by the Borrowers pursuant to Section 2.2 1.2 or a deemed request as provided in this Section 43.

Appears in 1 contract

Samples: Credit Agreement (Egl Inc)

Payments as Revolving Loans. At the election of the Agent, all payments of principal, interest, reimbursement obligations in connection with Letters of Credit, fees, premiums and other sums payable hereunderpremiums, including reimbursable expenses (including, without limitation, all reimbursement for expenses pursuant to Section 15.713.7), and other sums payable under the Loan Documents, may be paid from the proceeds of Revolving Loans made hereunder, hereunder whether made following a request by the Borrowers pursuant to Section 2.2 1.2 or a deemed request as provided in this Section 43.

Appears in 1 contract

Samples: Credit Agreement (Imperial Sugar Co /New/)

Payments as Revolving Loans. At the election of the Agent, all payments of principal, interest, reimbursement obligations in connection with Letters of CreditCredit and Credit Support, fees, premiums and other sums payable hereunderpremiums, including reimbursable expenses (including, without limitation, all reimbursement for expenses pursuant to Section 15.713.7), and other sums payable under the Loan Documents, may be paid from the proceeds of Revolving Loans made hereunder, hereunder whether made following a request by the Borrowers pursuant to Section 2.2 1.2 or a deemed request as provided in this Section 43.

Appears in 1 contract

Samples: Credit Agreement (Daisytek International Corporation /De/)

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Payments as Revolving Loans. At the election of the Agent, --------------------------- all payments of principal, interest, reimbursement obligations in connection with Term Loans, Letters of CreditCredit and Credit Support, fees, premiums and other sums payable hereunderpremiums, including reimbursable expenses (including, without limitation, all reimbursement for expenses pursuant to Section 15.713.7), and other sums payable hereunder, may be ------------ paid from the proceeds of Revolving Loans made hereunder, hereunder whether made following a request by the Borrowers pursuant to Section 2.2 1.2 or a deemed request as ----------- provided in this Section 43.

Appears in 1 contract

Samples: Credit Agreement (Encore Medical Corp)

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