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 15.6, may be paid from the proceeds of Revolving Loans made hereunder, whether made following a request by the Borrower pursuant to Section 2.2 or a deemed request, subject to Section 4.7 hereof, as provided in this Section 4.4. Borrower hereby irrevocably authorizes the Agent to charge the Loan Account for the purpose of paying all amounts due and payable hereunder, and agrees that all such amounts charged shall constitute Revolving Loans (including Bank Loans and Agent Advances) and that all such Revolving Loans so made shall be deemed to have been requested by the Borrower pursuant to Section 2.2. With respect to reimbursement of expenses for which the Borrower is obligated hereunder, the Agent will not charge the Loan Account of the Borrower prior to giving the Borrower at least two Business Days notice of each such reimbursable expense and, if the invoice for such reimbursable expense provides for a due date, then the Agent will not charge the Loan Account prior to the due date thereof.

Payments as Revolving Loans. At the election of the Agent, all 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 and fees pursuant to Section 15.6this Agreement may, may at the option of the Agent, in its sole discretion, subject only to the terms of this Agreement, be paid from the proceeds of Revolving Loans made hereunder, whether made following a request by the Borrower pursuant to Section 2.2 or a deemed request, subject to Section 4.7 hereof, request as provided in this Section 4.4. The Borrower hereby irrevocably authorizes the Agent to charge the Loan Account for the purpose of paying all amounts due any principal, interest, reimbursement obligations in connection with Letters of Credit, fees, premiums and payable hereunderother sums payable, and agrees that all such amounts charged shall constitute Revolving Loans (including Bank BABC Loans and Agent Advances) and that all such Revolving Loans so made shall be deemed to have been requested by the Borrower pursuant to Section 2.2. With respect ; provided, however, so long as funds in the Payment Account are not being transferred to reimbursement the Agent as a result of expenses for which the Borrower is obligated hereunderoccurrence of a Triggering Event, the Agent agrees to advise the Borrower (i) of the interest and fees due by 10:00 a.m. (Pacific time) of the date due, and if paid by 1:00 p.m. (Pacific time) on such day, such interest and fees will not charge be charged to the Loan Account and (ii) of other amounts due pursuant to the Borrower prior to giving the Borrower at least two Business Days notice Agreement and if paid within a reasonable period of each time such reimbursable expense and, if the invoice for such reimbursable expense provides for a due date, then the Agent amounts will not charge be charged to the Loan Account prior to the due date thereofAccount.

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 inc luding all reimbursement for expenses pursuant to Section 15.616.7, may be paid from the proceeds of Revolving Loans made hereunder, whether made following a request by the Borrower Borrowers pursuant to Section 2.2 or a deemed request, subject to Section 4.7 hereof, as provided in this Section 4.4. Each Borrower hereby irrevocably authorizes the Agent to charge the Loan Account for the purpose of paying all amounts due and payable hereunder, and agrees that all such amounts charged shall constitute Revolving Loans (including Bank Loans and Agent Advances) and that all such Revolving Loans so made shall be deemed to have been requested by the Borrower Borrowers pursuant to Section 2.2. With respect to reimbursement of expenses for which the Borrower is Borrowers are obligated hereunder, the Agent will not charge the Loan Account of the Borrower Borrowers prior to giving the Borrower Borrowers at least two Business Days notice of each such reimbursable expense and, if the invoice for such reimbursable expense provides for a due date, then the Agent will not charge the Loan Account prior to the due date thereof.

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 15.615.7, may be paid from the proceeds of Revolving Loans made hereunder, whether made following a request by the Borrower Borrowers pursuant to Section 2.2 or a deemed request, subject to Section 4.7 hereof, 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 all amounts due and payable hereunder, and agrees that all such amounts charged shall constitute Revolving Loans (including Bank Loans and Agent Advances) and that all such Revolving Loans so made shall be deemed to have been requested by the Borrower Borrowers pursuant to Section 2.2. With respect to reimbursement of expenses for which the Borrower is Borrowers are obligated hereunder, the Agent will not charge the Loan Account of the Borrower Borrowers prior to giving the Borrower Borrowers at least two Business Days notice of each such reimbursable expense and, if the invoice for such reimbursable expense provides for a due date, then the Agent will not charge the Loan Account prior to the due date thereof.