Common use of Procedure for Revolving Credit Advances Clause in Contracts

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.

Appears in 2 contracts

Samples: Loan and Security Agreement (Greka Energy Corp), Loan and Security Agreement (Greka Energy Corp)

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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 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 the 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.

Appears in 2 contracts

Samples: Credit and Security Agreement (Morgan Group Inc), Credit and Security Agreement (Aviation Distributors Inc)

Procedure for Revolving Credit Advances. The Borrower may by --------------------------------------- written or telephonic notice request a borrowing of Revolving Credit Advances prior to 1:00 P.M. 11:00 A.M. New York time on the Business Day 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 the 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Us Wats Inc)

Procedure for Revolving Credit Advances. Borrower may by written or telephonic notice request a borrowing of Revolving Credit Advances prior to 1:00 P.M. 11:00 a.m. (New York time 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 ’s account on Lender's ’s books. The proceeds of each Revolving Credit Advance made by the Lender shall be made available to Borrower on the day Business Day so requested by way of credit to the Borrower's ’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 ’s account and shall constitute Revolving Credit Advances.

Appears in 1 contract

Samples: Loan and Security Agreement (Nutrition 21 Inc)

Procedure for Revolving Credit Advances. Borrower may by written or telephonic notice request a borrowing of Revolving Credit Advances prior to 1:00 P.M. 11:00 A.M. New York time on the Business Day 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 the 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Creative Technologies Corp)

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 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 the 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 LenderLender by Federal Funds Wire. Any and all Obligations due and owing hereunder may be charged to Borrower's account and shall constitute Revolving Credit Advances.

Appears in 1 contract

Samples: Management and Security Agreement (World Airways Inc /De/)

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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 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 the Borrower on the day so requested by way of credit to the Borrower's operating account maintained with Borrower such bank as Borrower designated designates to Lender. Any and all Obligations due and owing hereunder may be charged to Borrower's account and shall constitute Revolving Credit Advances.

Appears in 1 contract

Samples: Accounts Receivable Management and Security Agreement (Renaissance Worldwide Inc)

Procedure for Revolving Credit Advances. Borrower may by written or telephonic notice request a borrowing of Revolving Credit Advances prior to 1:00 P.M. 10:00 a.m. (New York time 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 Business 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Ventures National Inc)

Procedure for Revolving Credit Advances. The Borrower may by written or telephonic notice request a borrowing of Revolving Credit Advances prior to 1:00 P.M. 11:00 A.M. New York time on the Business Day 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 the 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Vista 2000 Inc)

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