Common use of Subsequent Draws Clause in Contracts

Subsequent Draws. Without the consent of LC Provider, all subsequent draws under the Citizens LOC will be used exclusively to pay RemoteMDx's manufacturers, either Dynamic Source Manufacturing or Advanta Design Group Inc., or to reimburse RemoteMDx for payments made to those manufacturers. However, Citizens Bank shall be entitled to make draws upon the Citizens LOC for its own benefit as provided in the Note without the consent of LC Provider. In no event will Remote MDx draw a principal amount exceeding $10,000,000 from the Citizens LOC without the written consent of LC Provider.