Common use of Procedure for Borrowing Revolving Advances Clause in Contracts

Procedure for Borrowing Revolving Advances. (a) Borrower may notify Agent by telephone promptly confirmed in writing or by telecopier prior to 11:00 a.m. on a Business Day of its request to incur, on that day, a Revolving Advance hereunder. Should any amount required to be paid as interest hereunder, or as fees or other charges under this Agreement or any Other Documents with Agent or Lenders, or with respect to any other Obligation, become due, same shall be deemed a request for a Revolving Advance as of the date such payment is due, in the amount required to pay in full such interest, fee, charge or Obligation under this Agreement or any other agreement with Agent or Lenders, and such request shall be irrevocable.

Appears in 1 contract

Samples: Security Agreement (Danskin Inc)

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Procedure for Borrowing Revolving Advances. (a) Borrowing Agent on behalf of any Borrower may notify Agent by telephone promptly confirmed in writing or by telecopier prior to 11:00 a.m. on a Business Day of its a Borrower's request to incur, on that day, a Revolving Advance hereunder. Should any amount required to be paid as interest hereunder, or as fees or other charges under this Agreement or any Other Documents other agreement with Agent or Lenders, or with respect to any other Obligation, become due, same shall be deemed a request for a Revolving Advance as of the date such payment is due, in the amount required to pay in full such interest, fee, charge or Obligation under this Agreement or any other agreement with Agent or Lenders, and such request shall be irrevocable.

Appears in 1 contract

Samples: Credit and Security Agreement (Vista Information Solutions Inc)

Procedure for Borrowing Revolving Advances. (a) Borrowing Agent on behalf of any Borrower may notify Agent by telephone promptly confirmed in writing or by telecopier prior to 11:00 a.m. on a Business Day of its request a Borrower’s desire to incur, on that day, obtain a Revolving Advance Domestic Rate Loan hereunder. Should any amount required to be paid as interest hereunder, or as fees or other charges under this Agreement or any Other Documents other agreement with Agent or Lenders, or with respect to any other Obligation, become due, same shall be deemed a request for a Revolving Advance as of the date such payment is due, in the amount required to pay in full such interest, fee, charge or Obligation under this Agreement or any other agreement with Agent or Lenders, and such request shall be irrevocable.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Zanett Inc)

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Procedure for Borrowing Revolving Advances. (a) Borrowing Agent on behalf of any Borrower may notify Agent by telephone promptly confirmed in writing or by telecopier prior to 11:00 a.m. 12:00 p.m. on a Business Day of its a Borrower's request to incur, on that day, a Revolving Advance hereunder. Should any amount required to be paid as interest hereunder, or as fees or other charges under this Agreement or any Other Documents other agreement with Agent or Lenders, or with respect to any other Obligation, become due, the same shall be deemed a request for a Revolving Advance maintained as a Domestic Rate Loan as of the date such payment is due, in the amount required to pay in full such interest, fee, charge or Obligation under this Agreement or any other agreement with Agent or Lenders, and such request shall be irrevocable.

Appears in 1 contract

Samples: Castle a M & Co

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