Common use of Revolving Loan Account Clause in Contracts

Revolving Loan Account. The Agent shall maintain a Revolving Loan Account on its books in which the Borrower will be charged with all Revolving Loans and with any other Obligations, as and when payable, including any and all Out-of-Pocket Expenses which the Agent may incur in connection with the exercise by or for the Agent of any of the rights or powers herein conferred upon the Agent, or in the prosecution or defense of any action or proceeding to enforce or protect any rights of the Agent in connection with this Financing Agreement, the other Loan Documents or the Collateral assigned hereunder, or any Obligations owing by the Borrower. The Borrower will be credited with all amounts received by the Agent and/or the Lenders from the Borrower or from others for the Borrower's account, including, as above set forth, all amounts received by the Agent in payment of Accounts, and such amounts will be applied to payment of the Obligations as set forth herein. The Borrower hereby authorizes the Agent to charge its Revolving Loan Account with the amount of all Obligations, as such amounts become due. The Borrower confirms that any charges which the Agent may so make to its Revolving Loan Account as herein provided will be made as an accommodation to the Borrower and solely at the Agent's discretion.

Revolving Loan Account. The Agent Agent, on behalf of the Lenders, shall maintain a Revolving Loan Account separate account on its books in the Borrower's name (a "REVOLVING LOAN ACCOUNT") in which the Borrower will be charged with all Revolving Loans loans and advances made by the Agent and the Lenders to the Borrower or for the Borrower's account, and with any other Obligations, as and when payable, including any and all Out-of-Pocket Expenses which Expenses. Without limiting the foregoing, the Borrower, each Credit Party and the Lenders hereby authorize the Agent may incur in connection with the exercise by or for to, and the Agent of may, from time to time charge the Revolving Loan Account with any of the rights or powers herein conferred upon the Agentinterest, or in the prosecution or defense of any action or proceeding to enforce or protect any rights of the Agent in connection with fees, expenses and other Obligations that are due and payable under this Financing Agreement, the other Loan Documents or the Collateral assigned hereunder, Agreement or any Obligations owing by the BorrowerCredit Document. The Borrower Borrower's Revolving Loan Account will be credited with all amounts received by the Agent and/or the Lenders from the Borrower or from others Collateral Agent for the Borrowera Credit Party's account, including, as above set forthforth above, all amounts received by the Collateral Agent or Agent in payment of Accounts, and such amounts will be applied to payment of the Obligations as set forth herein. The Borrower hereby authorizes In no event shall prior recourse to any Accounts or other security granted to or by the Agent to charge its Revolving Loan Account with the amount of all Obligations, as such amounts become due. The Borrower confirms that any charges which the Agent may so make to its Revolving Loan Account as herein provided will Credit Parties be made as an accommodation a prerequisite to the Borrower and solely at Agent's, the Collateral Agent's or the Lenders' rights to demand payment of any of the Obligations. In addition, each Credit Party agrees that neither the Agent, the Collateral Agent nor any Lender shall have an obligation whatsoever to perform in any respect any of such Credit Party's discretioncontracts or obligations relating to the Accounts.

Revolving Loan Account. The (a) Subject to the provisions of paragraph (b) below, the Administrative Agent shall maintain a Revolving Loan Account on its books in which each of the Borrower Borrowers will be charged with all Revolving Loans Loans, L/C Obligations and Voluntary Overadvances made or delivered by the Administrative Agent to any of the Borrowers or for the account of any of the Borrowers, and with any other Obligations, as and when payable, including any and all Out-of-Pocket Expenses costs, expenses and reasonable attorney's fees which the Administrative Agent may incur in connection with the exercise by or for the Administrative Agent of any of the rights or powers herein or in any other Loan Document conferred upon the Administrative Agent, or in the prosecution or defense of any action or proceeding to enforce or protect any rights of any of the Agent Agents, the Issuing Bank or any of the Lenders in connection with this Financing Agreement, the other Loan Documents or the Collateral assigned hereunder, or any Obligations owing by the BorrowerObligations. The Borrower Borrowers will be credited with all amounts received by the Administrative Agent and/or the Lenders (or in respect of amounts owing to them hereunder, the Issuing Bank or the Agents) from the Borrower Borrowers or from others for the Borrower's Borrowers' account, including, as above set forth, all amounts received by the Administrative Agent in payment of Accounts, and such amounts will be applied to payment of the Obligations as set forth herein. The Borrower hereby authorizes In no event shall prior recourse to any Accounts or other security granted to or by the Agent to charge its Revolving Loan Account with the amount of all Obligations, as such amounts become due. The Borrower confirms that any charges which the Agent may so make to its Revolving Loan Account as herein provided will Borrowers be made as an accommodation a prerequisite to the Borrower and solely at the Administrative Agent's discretionright to demand payment of any Obligation. Further, it is understood that the Agents, the Issuing Bank and/or the Lenders shall have no obligation whatsoever to perform in any respect any of the Obligors' contracts or obligations relating to the Accounts.

Revolving Loan Account. (a) The Agent shall maintain a Revolving Loan Account on its books in which the Borrower will be charged with all Revolving Loans loans and advances and other Accommodations made by the Agent and the Lenders to it or for its account, and with any other Obligations, as and when payableincluding, including without limitation, any and all Out-of-Pocket Expenses costs, expenses and reasonable attorney's fees which the Agent may incur on the Lenders' behalf in connection with the exercise by or for the Agent of any of the rights or powers herein conferred upon the Agent, or in the prosecution or defense defence of any action or proceeding to enforce or protect any rights of the Agent or the Lenders in connection with this Financing Agreement, the other Loan Documents or the Collateral assigned hereunderCollateral, or any Obligations owing by the Borrower. The Borrower will be credited with all amounts received by the Agent and/or the Lenders from the Borrower or from others for the Borrower's account, including, without limitation, as above set forthforth above, all amounts received by the Agent in payment of Accounts, and such amounts will be applied to payment of the Obligations as set forth herein. The Borrower hereby authorizes the Agent In no event shall prior recourse to charge its Revolving Loan Account with the amount of all Obligations, as such amounts become due. The Borrower confirms that any charges which the Agent may so make Accounts or other security granted to its Revolving Loan Account as herein provided will be made as an accommodation to or by the Borrower and solely at be a prerequisite to the Agent's discretionright to demand payment of any Obligation. Further, it is understood that the Agent and/or the Lenders shall have no obligation whatsoever to perform in any respect any of the Borrower's contracts or obligations relating to the Accounts.