Common use of Requests Irrevocable Clause in Contracts

Requests Irrevocable. Each request for an Advance pursuant to this Paragraph 2.6 shall be irrevocable and binding on Borrowers. In the case of any Advance bearing interest at the rate based upon the Adjusted Libor Rate, Borrowers shall indemnify Bank against any loss, cost or expense incurred by Bank as a result of not borrowing such funds on the requested Advance date, including as a result of any failure to fulfill on or before the date specified in such request for an Advance the applicable conditions set forth in Section Four hereof, including, without limitation, any loss, cost or expense incurred by reason of the liquidation or redeployment of deposits or other funds acquired by Bank to fund the Advance to be made by Bank when such Advance, as a result of such failure, is not made on such date, as calculated by Bank in accordance with Exhibit D attached hereto.

Appears in 2 contracts

Samples: Credit Agreement (Delias Inc), Credit Agreement (David Bridal Inc)

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Requests Irrevocable. Each request for an Advance pursuant -------------------- to this Paragraph 2.6 2.7 shall be irrevocable and binding on BorrowersBorrower. In the case of any Advance bearing interest at the rate based upon the Adjusted Libor Rate, Borrowers Borrower shall indemnify Bank Lenders against any loss, cost or expense incurred by Bank Lender as a result of not borrowing such funds on the requested Advance date, including as a result of any failure to fulfill on or before the date specified in such request for an Advance the applicable conditions set forth in Section Four hereof, including, without limitation, any loss, cost or expense incurred by reason of the liquidation or redeployment of deposits or other funds acquired by Bank Lenders to fund the Advance to be made by Bank Lenders when such Advance, as a result of such failure, is not made on such date, as calculated by Bank Agent in accordance with Exhibit D attached hereto.

Appears in 2 contracts

Samples: Credit Agreement (Merkert American Corp), Credit Agreement (Marketing Specialists Corp)

Requests Irrevocable. Each request for an Advance pursuant -------------------- to this Paragraph 2.6 shall be irrevocable and binding on Borrowers. In the case of any Advance bearing interest at the rate based upon the Adjusted Libor Rate, Borrowers shall indemnify Bank against any loss, cost or expense incurred by Bank as a result of not borrowing such funds on the requested Advance date, including as a result of any failure to fulfill on or before the date specified in such request for an Advance the applicable conditions set forth in Section Four hereof, including, without limitation, any loss, cost or expense incurred by reason of the liquidation or redeployment of deposits or other funds acquired by Bank to fund the Advance to be made by Bank when such Advance, as a result of such failure, is not made on such date, as calculated by Bank in accordance with Exhibit D attached hereto.

Appears in 1 contract

Samples: Credit Agreement (Zany Brainy Inc)

Requests Irrevocable. Each request for an Advance pursuant to this Paragraph 2.6 2.7 shall be irrevocable and binding on BorrowersBorrower. In the case of any Advance bearing interest at the rate based upon the Adjusted Libor Rate, Borrowers Borrower shall indemnify Bank Banks against any loss, cost or expense incurred by Bank as a result of not borrowing such funds on the requested Advance date, including as a result of any failure to fulfill on or before the date specified in such request for an Advance the applicable conditions set forth in Section Four hereof, including, without limitation, any loss, cost or expense incurred by reason of the liquidation or redeployment of deposits or other funds acquired by Bank Banks to fund the Advance to be made by Bank Banks when such Advance, as a result of such failure, is not made on such date, as calculated by Bank Agent in accordance with Exhibit D E attached hereto.

Appears in 1 contract

Samples: Credit Agreement (Nichols Research Corp /Al/)

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Requests Irrevocable. Each request for an Advance pursuant to this Paragraph 2.6 2.7 shall be irrevocable and binding on BorrowersBorrower. In the case of any Advance bearing interest at the rate based upon the Adjusted Libor Rate, Borrowers Borrower shall indemnify Bank Lenders against any loss, cost or expense incurred by Bank Lender as a result of not borrowing such funds on the requested Advance date, including as a result of any failure to fulfill on or before the date specified in such request for an Advance the applicable conditions set forth in Section Four hereof, including, without limitation, any loss, cost or expense incurred by reason of the liquidation or redeployment of deposits or other funds acquired by Bank Lenders to fund the Advance to be made by Bank Lenders when such Advance, as a result of such failure, is not made on such date, as calculated by Bank Agent in accordance with Exhibit D attached hereto.

Appears in 1 contract

Samples: Credit Agreement (Merkert American Corp)

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