Common use of Disbursements Payments and Costs Clause in Contracts

Disbursements Payments and Costs. 5.1 REQUESTS FOR CREDIT; EQUAL ACCESS BY ALL BORROWERS. Any Borrower (or a person or persons authorized by any one of the Borrowers), acting alone, can borrow up to the full amount of credit provided under this Agreement. Each Borrower will be liable for all extensions of credit made under this Agreement to any other Borrower. Each request for an extension of credit will be made in writing in a manner acceptable to the Bank, or by another means acceptable to the Bank.

Appears in 1 contract

Sources: Business Loan Agreement (Ashworth Inc)

Disbursements Payments and Costs. 5.1 REQUESTS FOR CREDIT4.1 Requests for Credit; EQUAL ACCESS BY ALL BORROWERSEqual Access by all Borrowers. Any Borrower (or a person or persons authorized by any one of the Borrowers), acting alone, can borrow up to the full amount of credit provided under this Agreement. Each Borrower will be liable for all extensions of credit made under this Agreement to any other Borrower. Each request for an extension of credit will be made in writing in a manner acceptable to the Bank, or by another means acceptable to the Bank.

Appears in 1 contract

Sources: Business Loan Agreement (California Water Service Group)

Disbursements Payments and Costs. 5.1 REQUESTS FOR CREDITRequests for Credit; EQUAL ACCESS BY ALL BORROWERSEqual Access by all Borrowers. Any If two or more Borrowers sign this Agreement, any Borrower (or a person or persons authorized in writing by any one of the Borrowers), acting alone, can borrow up to the full amount of credit provided under this Agreementthe Commitment. Each Borrower will be liable for all extensions of credit made under this Agreement to any other Borrower. Each request for an extension of credit will be made in writing in a manner acceptable to the Bank, or by another means acceptable to the Bank.

Appears in 1 contract

Sources: Loan Agreement (Wynn Stephen A)