Oral Requests. Secured Party may make an Advance to Debtor upon Debtor's oral request, subject to the same conditions applicable to a written request set forth in subparagraph (a) above. Each oral request for an Advance shall be conclusively presumed to be made by a person authorized by Debtor to do so; and the making of the Advance to Debtor as hereinafter provided shall conclusively establish Debtor's obligation to repay the Advance.
Oral Requests. Revolving Loan requests may be either written or oral, including a request made by telephone. In the case of an oral request, the Bank is authorized to make such requested advance and to rely upon the authority of the person making the request, unless the Borrower directs the Bank, in writing, not to honor oral requests except from certain identified persons. The authority of the person requesting the advance shall be conclusively deemed authorized by the Borrower. Oral requests must be received by the Bank prior to noon on the day of the requested advance.
Oral Requests. In exigent circumstances, the Borrower may request an Advance orally but any such oral request must be confirmed in writing within 24 hours or such Advance will be due and payable on the Agent's demand.
Oral Requests. At each Bank's sole discretion in each instance, such Bank may accept telephone requests to make or to repay extensions of credit. Extensions of credit requested by telephone shall be deposited or wired into Borrower's commercial account number 14995-05205 with BofA, or such other account(s) as may be specified in writing by Borrower. Telephone requests may be made by any individual identified in writing to such Bank on a form acceptable to such Bank as being authorized to make such requests. Each Bank shall be entitled to rely upon any written or telephone request from persons it reasonably believes to be authorized by Borrower to make such requests without making independent inquiry. Borrower hereby indemnifies each Bank for, and holds each Bank harmless from, any and all losses, damages, claims and expenses (including reasonable attorneys' fees and allocated costs of Banks' in-house counsel), however arising, which such Bank suffers or incurs based on or arising out of extensions of credit or payments made on any telephone request, except that Banks shall not be indemnified against their own gross negligence or wilful misconduct. The provisions of this Paragraph shall survive termination of this Agreement.
Oral Requests. At Bank's sole discretion in each instance, Bank may honor telephone instructions for advances or repayments or for the designation of optional interest rates. 25 Advances will be deposited into and repayments will be withdrawn from GTBC's commercial account number 14580-00000 xx Bank's South Orange County Regional Commercial Banking Office, or such other account(s) as may be specified in writing by Borrowers. Telephone requests may be made by any one of the individuals authorized to sign loan agreements on behalf of any Borrower, or any other individual designated by any one of such authorized signers. Bank shall be entitled to rely upon telephone instructions from persons it reasonably believes to be authorized by any Borrower to make such requests without making independent inquiry. Borrowers and each of them hereby indemnify Bank for, and holds Bank harmless from, any and all losses, damages, claims and expenses (including reasonable attorneys' fees and allocated costs of Bank's in-house counsel), however arising, which Bank suffers or incurs based on or arising out of extensions of credit or payments made on any telephone request except that Bank shall not be indemnified against its own gross negligence or wilful misconduct. The provisions of this Paragraph shall survive termination of this Agreement.
