Common use of Procedure for Loans Clause in Contracts

Procedure for Loans. Company Agent may by written notice request a borrowing of Loans prior to 12:00 noon (New York time) on the Business Day of its request to incur, on the next Business Day, a Loan. Together with each request for a Loan (or at such other intervals as Lender may request), Company Agent shall deliver to Lender a Borrowing Base Certificate in the form of Exhibit B attached hereto, which shall be certified as true and correct by the Chief Executive Officer or Chief Financial Officer, Corporate Controller or Animal Applications Segment Corporate Controller of Company Agent together with all supporting documentation relating thereto. All Loans shall be disbursed from whichever office or other place Lender may designate from time to time and shall be charged to the Companies’ account on Lender’s books. The proceeds of each Loan made by Lender shall be made available to Company Agent on the Business Day following the Business Day so requested in accordance with the terms of this Section 4 by way of credit to the applicable Company’s operating account maintained with such bank as Company Agent designated to Lender. Any and all Obligations due and owing hereunder may be charged to the Companies’ account and shall constitute Loans.

Procedure for Loans. Company Agent may by written notice request a borrowing of Loans prior to 12:00 noon 11:30 a.m. (New York time) on the Business Day of its request to incur, on the next Business Dayday of a notification, a Loan. Together with each request for a Loan (or at such other intervals as Lender may request), Company Agent shall deliver on each Business Day to Lender Laurus a Borrowing Base Certificate in the form of Exhibit B attached hereto, which shall be certified as true and correct by the Chief Executive Officer Treasurer or Chief Financial Officer, Corporate Controller or Animal Applications Segment Corporate Controller President of Company Agent together with all supporting documentation relating theretothereto and shall reflect all allowances, credits and monies, as applicable, granted by each Company to Account Debtors. All Loans shall be disbursed from whichever office or other place Lender Laurus may designate from time to time and shall be charged to the Companies’ account on Lender’s Laurus’ books. The proceeds of each Loan made by Lender Laurus shall be made available to Company Agent (a) on the Business Day so requested if such request is received prior to 11:30 a.m. and (b) on the Business Day following the Business Day so requested if such request is received on or after 11:30 a.m., in each case in accordance with the terms of this Section 4 by way of credit of immediately available funds to the applicable Company’s operating account maintained with such bank as Company Agent designated to LenderLaurus. Any and all Obligations due and owing hereunder may be charged to the Companies’ account and shall constitute Loans.

Procedure for Loans. Company Agent may by written notice request a borrowing of Loans prior to 12:00 noon 11:30 a.m. (New York time) on the Business Day of its request to incur, on the next such Business Day, a Loan. Together with each request for a Loan (or at such other intervals as Lender Laurus may request), Company Agent shall deliver to Lender Laurus a Borrowing Base Certificate in the form of Exhibit B attached hereto, which shall be certified as true and correct by the Chief Executive Officer or Officer, Chief Financial Officer, Corporate Controller Chief Accounting Officer or Animal Applications Segment Corporate Controller Treasurer of Company Agent together with all supporting documentation relating thereto. All Loans shall be disbursed from whichever office or other place Lender Laurus may designate from time to time and shall be charged to the Companies’ account on Lender’s Laurus’ books. The proceeds of each Loan made by Lender Laurus shall be made available to Company Agent on the Business Day following the Business Day so requested in accordance with the terms of this Section 4 by way of credit to the applicable Company’s operating account maintained with such bank as Company Agent designated to LenderLaurus. Any and all Obligations due and owing hereunder may be charged to the Companies’ account and shall constitute Loans.