Common use of Disbursement Instructions Clause in Contracts

Disbursement Instructions. The Agent shall have received disbursement instructions from the Borrower, indicating that a portion of the proceeds of the Revolving Credit Loans, in an amount equal to the aggregate obligations of the Borrower pursuant to the Prior Loan Agreement, are to be paid to the lenders thereunder.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Flextronics International LTD), Revolving Credit Agreement (Flextronics International LTD)

AutoNDA by SimpleDocs

Disbursement Instructions. The Agent shall have received disbursement instructions from the Borrower, indicating that a portion of the proceeds of the Term Loan and the initial Revolving Credit LoansLoan, in an aggregate amount equal to the aggregate loan obligations of the Borrower pursuant to the Prior Loan Agreement, are to be paid to the lenders thereunderunder the Prior Agreement are paid to such lenders.

Appears in 2 contracts

Samples: Credit and Term Loan Agreement (Western Digital Corp), Revolving Credit and Term Loan Agreement (Western Digital Corp)

Disbursement Instructions. The Agent shall have received ------------------------- disbursement instructions from the BorrowerBorrower with respect to the proceeds of the Acquisition Loan and the initial Revolving Credit Loan, indicating that a portion of the proceeds of the Revolving Credit LoansLoan, in an amount equal to the aggregate loan obligations of the Borrower pursuant to any existing lenders to the Prior Loan Agreement, are to be paid to the lenders thereunderBorrower.

Appears in 1 contract

Samples: Credit Agreement (Jackson Products Inc)

Disbursement Instructions. The Agent shall have received disbursement instructions from the Borrower, indicating that a portion of the proceeds of the Revolving Credit LoansLoan, in an amount equal to the aggregate loan obligations of the Borrower pursuant to the Prior Loan Agreement, Lenders are to be paid to the lenders thereunderPrior Lenders.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Dynatech Corp)

AutoNDA by SimpleDocs

Disbursement Instructions. The Agent shall have received disbursement instructions from the Borrower, indicating that a portion of the proceeds of the Revolving Credit Loans, in an amount equal to the aggregate obligations of the Borrower and FIUI pursuant to the Prior Loan Original Credit Agreement, are to be paid to the lenders Banks thereunder.

Appears in 1 contract

Samples: Revolving Credit Agreement (Flextronics International LTD)

Time is Money Join Law Insider Premium to draft better contracts faster.