Common use of ADVANCE AUTHORITY Clause in Contracts

ADVANCE AUTHORITY. The following person or persons are authorized to request advances and authorize payments under the line of credit until ▇▇▇▇▇▇ receives from Borrower, at ▇▇▇▇▇▇’s address shown above, written notice of revocation of such authority: ▇▇▇▇ ▇▇▇▇▇▇, Vice President of Wexford Capital LP, Manager of Redback Energy Services LLC, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, and ▇▇▇▇▇ ▇▇▇▇▇▇▇▇. CROSS PLEDGE AND CROSS COLLATERALIZATION. This Note is Cross Pledged and Cross Collateralized with all other Notes, Collateral and Indebtedness evidenced and granted to Lender by ▇▇▇▇▇▇▇▇ and Grantor.

Appears in 2 contracts

Sources: Business Loan Agreement (Asset Based) (Mammoth Energy Partners LP), Business Loan Agreement (Asset Based) (Mammoth Energy Partners LP)