Common use of Revolving Loan Account Clause in Contracts

Revolving Loan Account. The Agent shall charge the Revolving Loan Account for all Revolving Loans and other advances made by the Agent and the Lenders to the Funds Administrator, or otherwise for any Company’s account, and for all any other Obligations, including Out-of-Pocket Expenses, when due and payable hereunder. Subject to the provisions of Section 3.5 below, the Agent will credit the Revolving Loan Account with all amounts received by the Agent from each Depository Account or from others for each Company’s account, including, as set forth above, all amounts received by the Agent in payment of Accounts, or deposited by the Agent for the account of the Companies in the Agent’s Bank Account, and such amounts will be applied to payment of the Obligations in the order and manner set forth herein. In no event shall prior recourse to any Account or other security granted to or by the Companies be a prerequisite to the Agent’s or the Lenders’ rights to demand payment of any of the Obligations. In addition, the Companies agree that neither the Agent nor any Lender shall have any obligation whatsoever to perform in any respect any Company’s contracts or obligations relating to the Accounts.

Revolving Loan Account. The Agent shall charge the Revolving Loan Account for all Revolving Loans loans and other advances made by the Agent and the Lenders to the Funds Administrator, or otherwise for any Company’s 's account (other than the principal amount of the Term Loan, which shall be charged to a separate loan account), and for all any other Obligations, including Out-of-Pocket Expenses, when due and payable hereunder. Subject to the provisions of Section 3.5 below, the Agent will credit the Revolving Loan Account with all amounts received by the Agent from each Depository Account or from others for each Company’s 's account, including, as set forth above, all amounts received by the Agent in payment of Accounts, or deposited by the Agent for the account of the Companies in the Agent’s Bank Account, and such amounts will be applied to payment of the Obligations in the order and manner set forth herein. In no event shall prior recourse to any Account or other security granted to or by the Companies be a prerequisite to the Agent’s 's or the Lenders’ ' rights to demand payment of any of the Obligations. In addition, the Companies agree that neither the Agent nor any Lender shall have any obligation whatsoever to perform in any respect any Company’s 's contracts or obligations relating to the Accounts.

Revolving Loan Account. The Agent shall charge the Revolving Loan Account for all Revolving Loans loans and other advances made by the Agent and the Lenders to the Funds Administrator, or otherwise for any CompanyBorrower’s account, and for all any other Obligations (other than Ledger Debt and Hedge Agreement Obligations), including Out-of-Pocket Expenses, when due and payable hereunder. Subject to the provisions of Section 3.5 below, the Agent will credit the Revolving Loan Account with all amounts received by the Agent from each Depository Account or from others the CIT Lockbox for each Company’s the Borrowers’ account, including, as set forth above, all amounts received by the Agent in payment of Accounts, or deposited by the Agent for the account of the Companies in the Agent’s Bank Account, and such amounts will be applied to payment of the Obligations in the order and manner set forth herein. In no event shall prior recourse to any Account or other security granted to or by the Companies Borrowers be a prerequisite to the Agent’s or the Lenders’ rights to demand payment of any of the Obligations. In addition, the Companies Borrowers agree that neither the Agent nor any Lender shall have any obligation whatsoever to perform in any respect any Company’s the Borrowers’ contracts or obligations relating to the Accounts.

Revolving Loan Account. The Agent shall charge the Revolving Loan Account for all Revolving Loans and other advances made by the Agent and the Lenders to the Funds Administrator, or otherwise for any Company’s account, principal payments on the Term Loan when due, and for all any other Obligations, including Out-of-Pocket Expenses, when due and payable hereunder. Subject to the provisions of Section 3.5 below, the Agent will credit the Revolving Loan Account with all amounts received by the Agent from each Depository Account or from others for each Company’s account, including, as set forth above, all amounts received by the Agent in payment of Accounts, or deposited by the Agent for the account of the Companies in the Agent’s Bank Account, and such amounts will be applied to payment of the Obligations in the order and manner set forth herein. In no event shall prior recourse to any Account or other security granted to or by the Companies be a prerequisite to the Agent’s or the Lenders’ rights to demand payment of any of the Obligations. In addition, the Companies agree that neither the Agent nor any Lender shall have any obligation whatsoever to perform in any respect any Company’s contracts or obligations relating to the Accounts.