Notice of Account Designation Clause Samples
The Notice of Account Designation clause requires one party to formally inform the other of the specific bank account or accounts to be used for payments or transfers under the agreement. Typically, this involves providing written notice with the relevant account details before any funds are exchanged, ensuring that all payments are directed to the correct and authorized account. This clause helps prevent misdirected payments and reduces the risk of fraud or administrative errors by clearly designating the appropriate account for financial transactions.
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Notice of Account Designation. The Administrative Agent shall have received a(i) Notice of Account Designation specifying the account or accounts to which the proceeds of any Loans made on or after the Closing Date are to be disbursed. Existing Indebtedness. All existing Indebtedness of the Borrower and its(ii) Subsidiaries (including Indebtedness under the Existing Credit Agreement but excluding Indebtedness permitted pursuant to Section 9.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been terminated and all guarantees therefor and security therefor shall be released, and the Administrative Agent shall have received pay-off letters in form and substance reasonably satisfactory to it evidencing such repayment, termination and release.
Notice of Account Designation. The Administrative Agent shall have received a Notice of Account Designation specifying the account or accounts to which the proceeds of any Loans made on or after the Closing Date are to be disbursed.
Notice of Account Designation. The Borrower shall have ----------------------------- executed and delivered to the Administrative Agent a Notice of Account Designation.
Notice of Account Designation delivered by the Borrower to the Agent or as may be otherwise agreed upon by the Borrower and the Agent from time to time. Subject to Section 2.21(b) hereof, the Agent shall not be obligated to disburse the portion of the proceeds of any Revolving Loan requested pursuant to this Section to the extent that any Lender has not made available to the Agent its Commitment Percentage of such Loan.
Notice of Account Designation. A Notice of Account Designation, duly completed.
Notice of Account Designation. The Administrative Agent shall have received a notice of account designation in the form of Exhibit F specifying the account or accounts to which the proceeds of any Loans made on or after the Effective Date are to be disbursed. For purposes of determining compliance with the conditions specified in this Section 4.01, the Administrative Agent and each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required hereunder or thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Effective Date specifying its objection thereto.
Notice of Account Designation. Administrative Agent shall have received a Notice of Account Designation substantially in the form of EXHIBIT XXI hereto, duly executed by Company.
Notice of Account Designation. A Notice of Account Designation specifying the account or accounts to which the proceeds of any Loans made on or after the Closing Date are to be disbursed.
Notice of Account Designation. The Administrative Agent shall have received a dulyexecuted and completed Notice of Account Designation.Without limiting the generality of the provisions of the last paragraph ofSection 8.03 , for purposes ofdetermining compliance with the conditions specified in thisSection 4.01 , the Administrative Agent and eachLender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfiedwith, each document or other matter required thereunder to be consented to or approved by or acceptable orsatisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to theproposed Closing Date specifying its objection thereto.-88-141683210_5 163765871_7 22-31184-1 C1.1 P110
Notice of Account Designation delivered by the Borrower to the Agent or as may be otherwise agreed upon by the Borrower and the Agent from time to time. Subject to Section 2.14 hereof, the Agent shall not be obligated to disburse the portion of the proceeds of any Revolving Loan requested pursuant to this Section 2.03 to the extent that any Lender has not made available to the Agent its Pro Rata Percentage of such Loan. Revolving Loans to be made for the purpose of refunding Swingline Loans shall be made by the Lenders as provided in Section 2.02(b).