Direct Funding. The Lenders may, in their sole --------------- discretion, disburse any portion of any advance directly to the Person or Persons to whom such proceeds are to be paid, and impose such conditions as they deem appropriate to insure that such funds are timely and properly paid to such Persons.
Appears in 5 contracts
Samples: Credit Agreement (Us Energy Corp), Credit Agreement (Us Energy Corp), Credit Agreement (Crested Corp)
Direct Funding. The Lenders may, in their sole --------------- discretion, disburse any portion of any advance directly to the Person or Persons to whom such proceeds are to be paid, and impose such conditions as they deem appropriate to insure that such funds are timely and properly paid to such Persons.
Appears in 3 contracts
Samples: Credit Agreement (Petro Resources Corp), Credit Agreement (National Coal Corp), Credit Agreement (Dune Energy Inc)
Direct Funding. The If and Event of Default has occurred and is continuing, the Lenders may, in their sole --------------- discretion, disburse any portion of any advance directly to the Person or Persons to whom such proceeds are to be paid, and impose such conditions as they deem appropriate to insure that such funds are timely and properly paid to such Persons.
Appears in 1 contract
