Common use of Oral Requests Clause in Contracts

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.

Appears in 3 contracts

Samples: Loan and Security Agreement (Computone Corporation), Security Agreement (American Artists Film Corp/Mo/), Loan and Security Agreement (Delsoft Consulting Inc)

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Oral Requests. Secured Party may make an Advance to Debtor upon Debtor's ’s oral request. With each oral request for an Advance, subject the Debtor shall be deemed to have made the same conditions applicable to a written request set forth representations contained in subparagraph §2.1(a)(i) and (aii) 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 crediting of the Advance to Debtor Debtor’s deposit account as hereinafter provided shall conclusively establish Debtor's ’s obligation to repay the Advance.

Appears in 1 contract

Samples: Loan and Security Agreement (Jupitermedia Corp)

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