Common use of TIMELY ADVANCES Clause in Contracts

TIMELY ADVANCES. After appropriate written request from Borrower for an advance of funds on this indebtedness, Lender shall have a reasonable lime to consider approval and process of the advance request While Lender will use reasonable effort to fund the advance as soon as feasible, Borrower understands and agrees that a reasonable time may be up to 72 hours from the time of delivery of the request, not including non-business days, such as weekends or holidays. If delays are expected beyond 72 hours, Lender will notify Borrower of the delay and expected funding date and time. CROSS PLEDGE AND CROSS COLLATERALIZATION. This Note is Cross Pledged and Cross Collateralized with all other Notes, Collateral and Indebtedness evidenced and granted to lender by Borrower and Grantor.

Appears in 3 contracts

Samples: Business Loan Agreement (Asset Based) (Mammoth Energy Partners LP), Business Loan Agreement (Asset Based) (Mammoth Energy Partners LP), Business Loan Agreement (Stingray Energy Services, Inc.)

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TIMELY ADVANCES. After appropriate written request from Borrower for an advance of funds on this indebtedness, . Lender shall have a reasonable lime time to consider approval and process of the advance request request. While Lender Xxxxxx will use reasonable effort to fund the advance as soon as feasible, Borrower Xxxxxxxx understands and agrees that a reasonable time may be up to 72 hours from the time of delivery of the request, not including non-business days, such as weekends or holidays. If delays are expected beyond 72 hours, Lender will notify Borrower of the delay and expected funding date and time. CROSS PLEDGE AND PLEDGE/CROSS COLLATERALIZATIONCOLLATERALIZED. This Note is Cross Pledged and Cross Collateralized with all other NotesNotes and Collateral between Borrower, Collateral Guarantors, Grantors, and Indebtedness evidenced and granted to lender by Borrower and GrantorLender.

Appears in 2 contracts

Samples: Change in Terms Agreement (Foundation Healthcare, Inc.), Change in Terms Agreement (Foundation Healthcare, Inc.)

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TIMELY ADVANCES. After appropriate written request from Borrower for an advance of funds on this indebtedness, Lender shall have a reasonable lime time to consider approval and process of the advance request request. While Lender will use reasonable effort to fund the advance as soon as feasible, Borrower understands and agrees that a reasonable time may be up to 72 hours from the time of delivery of the request, not including non-business days, such as weekends or holidays. If delays are expected beyond 72 hours, Lender will notify Borrower of the delay and expected funding date and time. CROSS PLEDGE AND PLEDGE/CROSS COLLATERALIZATIONCOLLATERALIZED. This Note is Cross Pledged and Cross Collateralized with all other NotesNotes and Collateral between Borrower, Collateral Guarantors, Grantors, and Indebtedness evidenced and granted to lender by Borrower and Grantor.Lender

Appears in 1 contract

Samples: Change in Terms Agreement (Foundation Healthcare, Inc.)

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