Requests for Advances. Any line advance requested under the terms of this Agreement shall be requested by telephone or in a writing delivered to the Bank (or transmitted via facsimile) by any person reasonably believed by the Bank to be authorized by the Borrower to do so. The Bank will not consider any such request following an event which is, or with notice or the lapse of time would be, an event of default under this Agreement. Proceeds shall be deposited into the Borrower's account at the Bank or disbursed in such other manner as the parties may agree.
Appears in 5 contracts
Samples: Credit Agreement (Datalink Corp), Credit Agreement (Biosensor Corp), Credit Agreement (Advantage Learning Systems Inc)
Requests for Advances. Any line Line advance requested permitted under the terms of this Agreement shall must be requested by telephone or in a writing delivered to the Bank (or transmitted via facsimile) by any person reasonably believed by the Bank to be an authorized by officer of the Borrower to do soBorrower. The Bank will not consider any such request following if there is an event which is, or with notice or the lapse of time would be, an event of default under this Agreement. Proceeds shall will be deposited into the Borrower's account at the Bank or disbursed in such other manner as the parties may agree.
Appears in 5 contracts
Samples: Credit Agreement (American Caresouce Holdings, Inc.), Credit Agreement (Datalink Corp), Credit Agreement (Patient Infosystems Inc)
Requests for Advances. Any line Line advance requested under the terms of this Agreement shall be requested by telephone or in a writing delivered to the Bank (or transmitted via facsimile) by any person reasonably believed by the Bank to be authorized by the Borrower to do so. The Bank will not consider any such request following an event which is, or with notice or the lapse of time would be, an event of default under this Agreement. Proceeds shall be deposited into the Borrower's account at the Bank or disbursed in such other manner as the parties may agree.
Appears in 3 contracts
Samples: Credit Agreement (Medamicus Inc), Term Loan and Credit Agreement (Industrial Rubber Products Inc), Credit Agreement (Research Inc /Mn/)
Requests for Advances. Any line Line advance requested permitted under the terms of this Agreement shall must be requested by telephone or in a writing delivered to the Bank (or transmitted via facsimile) by any person reasonably believed by the Bank to be an authorized by officer of the Borrower to do soBorrower. The Bank will not consider any such request following if there is an event which is, or with notice or the lapse of time would be, an event of default under this Agreement. Proceeds shall will be deposited into the Borrower's ’s account at the Bank or disbursed in such other manner as the parties may agree.
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Requests for Advances. Any line advance requested permitted under the terms of this Agreement shall must be requested by telephone or in a writing delivered to the Bank (or transmitted via facsimile) by any person reasonably believed by the Bank to be an authorized by officer of the Borrower to do soBorrower. The Bank will not consider any such request following if there is an event which is, or with notice or the lapse of time would be, an event of default under this Agreement. Proceeds shall will be deposited into the Borrower's account at the Bank or disbursed in such other manner as the parties may agree.
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