Common use of Requests for Advances Irrevocable Clause in Contracts

Requests for Advances Irrevocable. Each Request for Advance shall be irrevocable and binding on the Borrowers and the Borrowers shall indemnify the Agent and the Banks against any loss or expense any of them may incur as a result of any failure to borrow any Term Revolving Loan Advance after a Request for Advance (including any failure resulting from the failure to fulfill on or before the date specified for such Advance the applicable conditions set forth in this Agreement), including any loss (including loss of anticipated profits) or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by the Banks to fund such Term Revolving Loan Advance when such Advance, as a result of such failure, is not made on such date.

Appears in 2 contracts

Samples: Credit Agreement (Green Plains Renewable Energy, Inc.), Credit Agreement (Green Plains Renewable Energy, Inc.)

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Requests for Advances Irrevocable. Each Request for Advance shall be irrevocable and binding on the Borrowers Borrower and the Borrowers Borrower shall indemnify the Agent and the Banks against any loss or expense any of them may incur as a result of any failure to borrow any Term Revolving Loan Line of Credit Advance after a Request for Advance (including any failure resulting from the failure to fulfill on or before the date specified for such Advance the applicable conditions set forth in this Agreement), including any loss or expense (including loss of anticipated profitsprofits as set forth in Section 2.18) or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by the Banks to fund such Term Revolving Loan Line of Credit Advance when such Advance, as a result of such failure, is not made on such date.

Appears in 2 contracts

Samples: Credit Agreement (Highwater Ethanol LLC), Credit Agreement (Highwater Ethanol LLC)

Requests for Advances Irrevocable. Each Request for Advance shall be irrevocable and binding on the Borrowers Borrower and the Borrowers Borrower shall indemnify the Agent and the Banks against any loss or expense any of them may incur as a result of any failure to borrow any Term Revolving Loan Advance after a Request for Advance (including any failure resulting from the failure to fulfill on or before the date specified for such Advance the applicable conditions set forth in this Agreement), including any loss or expense (including loss of anticipated profitsprofits as set forth in Section 2.18) or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by the Banks to fund such Term Revolving Loan Advance when such Advance, as a result of such failure, is not made on such date.

Appears in 1 contract

Samples: Credit Agreement (Highwater Ethanol LLC)

Requests for Advances Irrevocable. Each Request for Advance shall be irrevocable and binding on the Borrowers Borrower and the Borrowers Borrower shall indemnify the Agent and the Banks against any loss or expense any of them may incur as a result of any failure to borrow any Term Revolving Loan Advance after a Request for Advance (including any failure resulting from the failure to GP:4272375 vl fulfill on or before the date specified for such Advance the applicable conditions set forth in this Agreement), including any loss or expense (including loss of anticipated profitsprofits as set forth in Section 2.18) or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by the Banks to fund such Term Revolving Loan Advance when such Advance, as a result of such failure, is not made on such date.

Appears in 1 contract

Samples: Credit Agreement (Highwater Ethanol LLC)

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Requests for Advances Irrevocable. Each Request for Advance shall be GP:3761233v2 irrevocable and binding on the Borrowers Borrower and the Borrowers Borrower shall indemnify the Agent and the Banks against any loss or expense any of them may incur as a result of any failure to borrow any Term Revolving Loan Advance after a Request for Advance (including any failure resulting from the failure to fulfill on or before the date specified for such Advance the applicable conditions set forth in this Agreement), including any loss or expense (including loss of anticipated profitsprofits as set forth in Section 2.18) or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by the Banks to fund such Term Revolving Loan Advance when such Advance, as a result of such failure, is not made on such date.

Appears in 1 contract

Samples: Credit Agreement (Highwater Ethanol LLC)

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