Procedure for Revolving Credit Advances Sample Clauses

Procedure for Revolving Credit Advances. Borrower may by written notice request a borrowing of Revolving Credit Advances prior to 1:00 P.M. New York time on the Business Day of its request to incur, on that day, a Revolving Credit Advance. All Revolving Credit Advances shall be disbursed from whichever office or other place Lender may designate from time to time and, together with any and all other Obligations of Borrower to Lender, shall be charged to the Borrower's account on Lender's books. The proceeds of each Revolving Credit Advance made by the Lender shall be made available to Borrower on the day so requested by way of credit to the Borrower's operating account maintained with Borrower such bank as Borrower designated to Lender. Any and all Obligations due and owing hereunder may be charged to Borrower's account and shall constitute Revolving Credit Advances.
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Procedure for Revolving Credit Advances. Borrowing Representative on behalf of each Borrower may by written or telephonic notice request a borrowing of Revolving Credit Advances prior to 11:00 a.m. (New York time) on the Business Day of its request to incur, on that day, a Revolving Credit Advance. All Revolving Credit Advances shall be disbursed from whichever office or other place Lender may designate from time to time and, together with any and all other Obligations of Borrowers to Lender, shall be charged to Borrowers’ account on Lender’s books. The proceeds of each Revolving Credit Advance made by Lender shall be made available to Borrowers on the Business Day so requested by way of credit to the applicable Borrower’s operating account maintained with such bank as Borrowing Representative designated to Lender. Any and all Obligations due and owing hereunder may be charged to Borrowers’ account and shall constitute Revolving Credit Advances.
Procedure for Revolving Credit Advances. The Company may by written notice request a borrowing of Revolving Credit Advances prior to 12:00 noon (New York time) on the Business Day of its request to incur, on that day, a Revolving Credit Advance. Together with each request for a Revolving Credit Advance (or at such other intervals as Laurus may request), the Company shall deliver to Laurus a Borrowing Base Certificate in the form of Exhibit A, which shall be certified as true and correct by the Chief Executive Officer or Chief Financial Officer of the Company together with all supporting documentation relating thereto. All Revolving Credit Advances shall be disbursed from whichever office or other place Laurus may designate from time to time and shall be charged to the Company's account on Laurus' books. The proceeds of each Revolving Credit Advance made by Laurus shall be made available to the Company 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 Company's operating account maintained with such bank as the Company designated to Laurus. Any and all Obligations due and owing hereunder may be charged to the Company's account and shall constitute Revolving Credit Advances.
Procedure for Revolving Credit Advances. Company Agent on behalf of any Company may by written notice request a borrowing of Revolving Credit Advances prior to 12:00 noon (New York time) on the Business Day of its request to incur, on that day, a Revolving Credit Advance. Together with each request for a Revolving Credit Advance (but in no event later than the first Business Day of each week or at such other intervals as Access Capital may request), Company Agent shall deliver to Access Capital a Borrowing Base Certificate in the form of Exhibit A, which shall be certified as true and correct by the President, Chief Financial Officer or Chief Operating Officer of Companies, together with all supporting documentation relating thereto. All Revolving Credit Advances shall be disbursed from whichever office or other place Access Capital may designate from time to time and shall be charged to Companies’ account on Access Capital’s books. The proceeds of each Revolving Credit Advance made by Access Capital shall be made available to Companies on the Business Day following the Business Day so requested in accordance with the terms of this Section 4 by way of credit to Companies’ operating account maintained with such bank as Companies designated to Access Capital. Any and all Obligations due and owing hereunder may be charged to Companies’ account and shall constitute Revolving Credit Advances.
Procedure for Revolving Credit Advances. On any Business Day, the Company may, by written notice delivered to Laurus prior to 12:00 noon (New York time) on such Business Day, request a borrowing of Revolving Credit Advances. Each request for a Revolving Credit Advance (or at such other intervals as Laurus may request), delivered to Laurus shall be accompanied by a Borrowing Base Certificate in the form of Exhibit A, which shall be certified as true and correct by the Chief Executive Officer or Chief Financial Officer of the Company together with all supporting documentation relating thereto. If the properly documented request for a Revolving Credit Advance is received by Laurus prior to 12:00 noon on such Business Day and the Company is otherwise eligible to receive a Revolving Credit Advance, such request will be honored on the Business Day such request is made, otherwise such request will be honored on the following Business Day, provided, however, that Laurus shall have five (5) Business Days in which to cure any failure to honor such request for a Revolving Credit Advance. All Revolving Credit Advances shall be disbursed from whichever office or other place Laurus may designate from time to time and shall be charged to the Company's account on Laurus' books. The proceeds of each Revolving Credit Advance made by Laurus shall be made available to the Company 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 Company's operating account by wire transfer maintained with such bank as the Company designated to Laurus. Any and all Obligations due and owing hereunder may be charged to the Company's account and shall constitute Revolving Credit Advances.
Procedure for Revolving Credit Advances. (a) The Borrower may by written notice request a borrowing of Revolving Credit Advances prior to 1:00 P.M. New York time, in the form of a LIBO Rate Loan three (3), and in the form of a Loan bearing interest determined with reference to the Alternate Base Rate one (1), Business Days prior to the date on which it requests to incur a Revolving Credit Advance (provided that, with respect to an Alternate Base Rate advance, such advance may be made on the same Business Day as the request is submitted if the request is submitted before 11:00 a.m. New York time), such request to specify the amount of the Revolving Credit Advance requested (which in the case of a LIBO Rate Loan shall be in a minimum amount of $100,000 and an integral multiple of $1) and of the requested duration of the initial Interest Period therefor in the case of LIBO Rate Loans. All Revolving Credit Advances shall be disbursed from whichever office or other place Lender may designate from time to time and, together with any and all other Obligations of Borrower to Lender, shall be charged to Borrower's account on Lender's books. The proceeds of each Revolving Credit Advance made by the Lender shall be made available to the Borrower on the day so requested by way of credit to Borrower's operating account maintained with Lender. Any and all Obligations due and owing to Lender hereunder may be charged to the Borrower's account.
Procedure for Revolving Credit Advances. Each of the Borrowers appoint Precision as its agent and attorney-in-fact to request and receive any Revolving Credit Advances under this Agreement and to execute on behalf of each of them any and all documents, amendments, reports, schedules, waivers and agreements pertaining to, or in connection with, this Agreement or any of the Ancillary Agreements. Any Revolving Credit Advance shall be made to the account of the Borrowers as requested by Precision as agent in accordance with their requests to Precision in such regard. Precision may by written notice request a borrowing of Revolving Credit Advances prior to 1:00 P.M. New York time on the day such Advance is requested . All Revolving Credit Advances shall be disbursed from whichever office or other place Lender may designate from time to time and, together with any and all other Obligations of Borrowers' to Lender, shall be charged to the Borrower's account on Lender's books. The proceeds of each Revolving Credit Advance made by the Lender shall be made available to the Borrowers on the day so requested by way of credit to the Borrowers' operating account maintained with such bank as Borrowers designated to Lender. Any and all Obligations then due and owing hereunder may be charged to Borrowers' account and shall constitute Revolving Credit Advances.
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Procedure for Revolving Credit Advances. Borrowing Agent, on behalf of any Borrower, may by written or telephonic notice request a borrowing of Revolving Credit Advances prior to 10:00 a.m. (New York time) on the Business Day of its request to incur, on that day, a Revolving Credit Advance. All Revolving Credit Advances shall be disbursed from whichever office or other place Lender may designate from time to time and, together with any and all other Obligations of Borrowers to Lender, shall be charged to Borrowers' account on Lender's books. The proceeds of each Revolving Credit Advance made by Lender shall be made available to Borrowers on the Business Day so requested by way of credit to the applicable Borrower's operating account maintained with such bank as Borrowing Agent designated to Lender. Any and all Obligations due and owing hereunder may be charged to Borrowers' account and shall constitute Revolving Credit Advances.
Procedure for Revolving Credit Advances. (a) Borrower may, by telephonic notice (or at Agent's request by written notice) to Agent ("Borrowing Notice"), request a borrowing of Revolving Credit Advances prior to 1:00 P.M. New York time (i) on the Business Day of its request to incur, on that day, a Dollar Loan and (ii) at least one (1) Business Day prior to the date of its request to incur an Alternate Currency Loan. The Borrowing Notice shall specify (i) the date of the proposed borrowing (which shall be a Business Day), (ii) that portion of the Revolving Credit Advances then being requested which are to be (A) Dollar Loans and, if so, whether such borrowing is to consist of one or more Alternate Base Rate Loans, LIBO Rate Loans or a combination thereof or (B) as Alternate Currency Loans and, if so, whether such borrowing is to consist of a Sterling Loan, Canadian Loan, an Alternate Currency Loan other than a Sterling Loan or a Canadian Loan or a combination thereof and (iii) the amount to be borrowed.
Procedure for Revolving Credit Advances. The Borrower may by written notice request a borrowing of Revolving Credit Advances prior to 1:00 P.M. New York time one (1) Business Day prior to the date on which it requests to incur a Revolving Credit Advance (provided that such advance may be made on the same Business Day as the request is submitted if the request is submitted before noon New York time), such request to specify the amount of the Revolving Credit Advance requested. All Revolving Credit Advances shall be disbursed from whichever office or other place Lender may designate from time to time and, together with any and all other Obligations of Borrower to Lender, shall be charged to Borrower's account on Lender's books. The proceeds of each Revolving Credit Advance made by the Lender shall be made available to the Borrower on the day so requested as aforesaid by way of credit to Borrower's operating account maintained with Lender. Any and all Obligations due and owing to Lender hereunder may be charged to the Borrower's account.
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