Common use of Procedure for Revolving Advances Borrowing Clause in Contracts

Procedure for Revolving Advances Borrowing. (a) Borrowing Agent on behalf of any Borrower may notify Agent prior to 10:00 a.m. on a Business Day of a Borrower’s request to incur, on that day, a Revolving Advance hereunder. Should any amount required to be paid as interest hereunder, or as fees or other charges under this Agreement or any other agreement with Agent or Lenders, or with respect to any other Obligation, become due, same shall be deemed a request for a Revolving Advance maintained as a Domestic Rate Loan as of the date such payment is due, in the amount required to pay in full such interest, fee, charge or Obligation under this Agreement or any other agreement with Agent or Lenders, and such request shall be irrevocable.

Appears in 13 contracts

Samples: Credit and Security Agreement (Green Plains Inc.), Security Agreement (Gaiam, Inc), Security Agreement (Enservco Corp)

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Procedure for Revolving Advances Borrowing. (a) Borrowing Agent on behalf of any Borrower may notify Agent prior to 10:00 a.m. on a Business Day of a Borrower’s request to incur, on that day, a Revolving Advance hereunder. Should any amount required to be paid as interest hereunder, or as fees or other charges under this Agreement or any other agreement with Agent or Lenders, or with respect to any other Obligation, become due, same shall be deemed a request for a Revolving Advance maintained as a Domestic Rate Loan as of the date such payment is due, in the amount required to pay in full such interest, fee, charge or Obligation under this Agreement or any other agreement with Agent or Lenders, and such request shall be irrevocable.

Appears in 4 contracts

Samples: Security Agreement (TCP International Holdings Ltd.), Security Agreement (Goodman Networks Inc), Security Agreement (Hudson Technologies Inc /Ny)

Procedure for Revolving Advances Borrowing. (a) Borrowing Agent on behalf of any Borrower may notify Agent prior to 10:00 a.m. 12:00 P.M. on a Business Day of a Borrower’s request to incur, on that day, a Revolving Advance hereunder. Should any amount required to be paid as interest hereunder, or as fees or other charges under this Agreement or any other agreement with Agent or Lenders, or with respect to any other Obligation, become due, the same shall be deemed a request for a Revolving Advance maintained as a Domestic Rate Loan as of the date such payment is due, in the amount required to pay in full such interest, fee, charge or Obligation under this Agreement or any other agreement with Agent or Lenders, and such request shall be irrevocable.

Appears in 4 contracts

Samples: Credit and Security Agreement (ARKO Corp.), Credit and Security Agreement (ARKO Corp.), Credit and Security Agreement (ARKO Corp.)

Procedure for Revolving Advances Borrowing. (a) Borrowing Agent on behalf of any Borrower may notify Agent prior to 10:00 a.m. 12:00 p.m. on a Business Day of a Borrower’s request to incur, on that day, a Revolving Advance hereunder. Should any amount required to be paid as interest hereunder, or as fees or other charges under this Agreement or any other agreement with Agent or Lenders, or with respect to any other Obligation, become due, same shall be deemed a request for a Revolving Advance maintained as a Domestic Rate Loan as of the date such payment is due, in the amount required to pay in full such interest, fee, charge or Obligation under this Agreement or any other agreement with Agent or Lenders, and such request shall be irrevocable.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (SMTC Corp), Security Agreement (SMTC Corp)

Procedure for Revolving Advances Borrowing. (a) Borrowing Agent on behalf of any Borrower may notify Agent prior to 10:00 a.m. (Pacific time) on a Business Day of a Borrower’s request to incur, on that day, a Revolving Advance hereunder. Should any amount required to be paid as interest hereunder, or as fees or other charges under this Agreement or any other agreement with Agent or Lenders, or with respect to any other Obligation, become due, same shall be deemed a request for a Revolving Advance maintained as a Domestic Rate Loan as of the date such payment is due, in the amount required to pay in full such interest, fee, charge or Obligation under this Agreement or any other agreement with Agent or Lenders, and such request shall be irrevocable.

Appears in 2 contracts

Samples: Joinder Agreement (Boot Barn Holdings, Inc.), Joinder Agreement (Boot Barn Holdings, Inc.)

Procedure for Revolving Advances Borrowing. (a) Borrowing Agent on behalf of any Borrower may notify Agent prior to 10:00 a.m. 1:00 p.m. on a Business Day of a Borrower’s request to incur, on that day, a Revolving Advance hereunder. Should any amount required to be paid as interest hereunder, or as fees or other charges under this Agreement or any other agreement with Agent or Lenders, or with respect to any other Obligation, become due, same shall be deemed a request for a Revolving Advance maintained as a Domestic Rate Loan as of the date such payment is due, in the amount required to pay in full such interest, fee, charge or Obligation under this Agreement or any other agreement with Agent or Lenders, and such request shall be irrevocable.

Appears in 2 contracts

Samples: Security Agreement (Integrated Biopharma Inc), Revolving Credit and Security Agreement (Tecumseh Products Co)

Procedure for Revolving Advances Borrowing. (a) Borrowing Agent on behalf of any Borrower may notify Agent prior to 10:00 a.m. 12:00 noon on a Business Day of a Borrower’s request to incur, on that day, a Revolving Advance hereunder. Should any amount required to be paid as interest hereunder, or as fees or other charges under this Agreement or any other agreement with Agent or Lenders, or with respect to any other Obligation, become due, same shall be deemed a request for a Revolving Advance maintained as a Domestic Rate Loan as of the date such payment is due, in the amount required to pay in full such interest, fee, charge or Obligation under this Agreement or any other agreement with Agent or Lenders, and such request shall be irrevocable.

Appears in 2 contracts

Samples: Security Agreement (Keane Group, Inc.), Security Agreement (Keane Group, Inc.)

Procedure for Revolving Advances Borrowing. (a) Borrowing Agent on behalf of any Borrower may notify Agent prior to 10:00 a.m. on a Business Day of a Borrower’s request to incur, on that day, a Revolving Advance hereunder. Should any amount required to be paid as interest hereunder, or as fees or Revolving Credit and Security Agreement other charges under this Agreement or any other agreement with Agent or Lenders, or with respect to any other Obligation, become due, same shall be deemed a request for a Revolving Advance maintained as a Domestic Rate Loan as of the date such payment is due, in the amount required to pay in full such interest, fee, charge or Obligation under this Agreement or any other agreement with Agent or Lenders, and such request shall be irrevocable.

Appears in 1 contract

Samples: Credit and Security Agreement (Horizon Offshore Inc)

Procedure for Revolving Advances Borrowing. (a) Borrowing Agent on behalf of any Borrower may notify Agent prior to 10:00 a.m. 12:00 P.M. on a Business Day of a BorrowerBxxxxxxx’s request to incur, on that day, a Revolving Advance hereunder. Should any amount required to be paid as interest hereunder, or as fees or other charges under this Agreement or any other agreement with Agent or Lenders, or with respect to any other Obligation, become due, the same shall be deemed a request for a Revolving Advance maintained as a Domestic Rate Loan as of the date such payment is due, in the amount required to pay in full such interest, fee, charge or Obligation under this Agreement or any other agreement with Agent or Lenders, and such request shall be irrevocable.

Appears in 1 contract

Samples: Credit and Security Agreement (ARKO Corp.)

Procedure for Revolving Advances Borrowing. (a) Borrowing Agent on behalf of any Borrower may notify Agent prior to 10:00 a.m. 1:00 p.m. on a Business Day of a Borrower’s 's request to incur, on that day, a Revolving Advance hereunder. Should any amount required to be paid as interest hereunder, or as fees or other charges under this Agreement or any other agreement with Agent or Lenders, or with respect to any other Obligation, become due, same shall be deemed a request for a Revolving Advance maintained as a Domestic Rate Loan as of the date such payment is due, in the amount required to pay in full such interest, fee, charge or Obligation under this Agreement or any other agreement with Agent or Lenders, and such request shall be irrevocable.

Appears in 1 contract

Samples: Security Agreement (General Finance CORP)

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Procedure for Revolving Advances Borrowing. (a) Borrowing Agent on behalf of any Borrower may notify Agent prior to 10:00 11:00 a.m. on a Business Day of a Borrower’s request to incur, on that day, a Revolving Advance hereunder. Should any amount required to be paid as interest hereunder, or as fees or other charges under this Agreement or any other agreement with Agent or LendersOther Document, or with respect to any other Obligation, become due, the same shall be deemed a request for a Revolving Advance maintained as a Domestic Rate Loan as of the date such payment is due, in the amount required to pay in full such interest, fee, charge or Obligation under this Agreement or any other agreement with Agent or Lenders, and such request shall be irrevocable.

Appears in 1 contract

Samples: Security Agreement (Emtec Inc/Nj)

Procedure for Revolving Advances Borrowing. (a) Borrowing Agent on behalf of any Borrower may notify Agent prior to 10:00 11:00 a.m. on a Business Day of a Borrower’s request to incur, on that day, a Revolving Advance hereunder. Should any amount required to be paid as interest hereunder, or as fees or other charges under this Agreement or any other agreement with Agent or Lenders, or with respect to any other Obligation, become due, same shall be deemed a request for a Revolving Advance maintained as a Domestic Rate Loan as of the date such payment is due, in the amount required to pay in full such interest, fee, charge or Obligation under this Agreement or any other agreement with Agent or Lenders, and such request shall be irrevocable.

Appears in 1 contract

Samples: Security Agreement (Sparton Corp)

Procedure for Revolving Advances Borrowing. (a) Borrowing Agent on behalf of any Borrower may notify Agent prior to 10:00 a.m. 1:30 p.m. on a Business Day of a Borrower’s request to incur, on that day, a Revolving Advance hereunder. Should any amount required to be paid as interest hereunder, or as fees or other charges under this Agreement or any other agreement with Agent or Lenders, or with respect to any other Obligation, become due, same shall be deemed a request for a Revolving Advance maintained as a Domestic Rate Loan as of the date such payment is due, in the amount required to pay in full such interest, fee, charge or Obligation under this Agreement or any other agreement with Agent or Lenders, and such request shall be irrevocable.

Appears in 1 contract

Samples: Security Agreement (Osteotech Inc)

Procedure for Revolving Advances Borrowing. (a) Borrowing Agent on behalf of any Borrower may notify Agent prior to 10:00 a.m. (Eastern Standard Time) on a Business Day of a Borrower’s request to incur, on that day, a Revolving Advance hereunder. Should any amount required to be paid as interest hereunder, or as fees or other charges under this Agreement or any other agreement with Agent or Lenders, or with respect to any other Obligation, become due, same shall be deemed a request for a Revolving Advance maintained as a Domestic Rate Loan as of the date such payment is due, in the amount required to pay in full such interest, fee, charge or Obligation under this Agreement or any other agreement with Agent or Lenders, and such request shall be irrevocable.

Appears in 1 contract

Samples: Security Agreement (Geokinetics Inc)

Procedure for Revolving Advances Borrowing. (a) Borrowing Agent on behalf of any Borrower may notify Agent prior to 10:00 11:00 a.m. on a Business Day of a Borrower’s 's request to incur, on that day, a Domestic Rate Loan consisting of a Revolving Advance hereunder. Should any amount required to be paid as interest hereunder, or as fees or other charges under this Agreement or any other agreement with Agent or LendersOther Document, or with respect to any other Obligation, become due, same shall be deemed a request for a Revolving Advance maintained as a Domestic Rate Loan as of the date such payment is due, in the amount required to pay in full such interest, fee, charge or Obligation under this Agreement or any other agreement Other Document with Agent or Lenders, and such request shall be irrevocable.

Appears in 1 contract

Samples: Revolving Credit (Graham Field Health Products Inc)

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