Borrowers’ Undertaking to Agent. Without prejudice to their respective obligations to the Lenders and/or the Issuer under the other provisions of this Agreement, each Borrower hereby undertakes with the Agent to pay to the Agent from time to time on demand all amounts from time to time due and payable by it for the account of the Agent, the Lenders or the Issuer or any of them pursuant to this Agreement to the extent not already paid. Any payment made pursuant to any such demand shall pro tanto satisfy the relevant Borrower’s obligations to make payments for the account of the Lenders and the Issuer or the relevant one or more of them pursuant to this Agreement.
Appears in 2 contracts
Sources: Revolving Credit and Security Agreement (Radnor Holdings Corp), Revolving Credit and Security Agreement (Lesco Inc/Oh)
Borrowers’ Undertaking to Agent. Without prejudice to their respective obligations to the Lenders and/or the Issuer under the other provisions of this AgreementAgreement and the Other Documents, each Borrower of the Borrowers hereby undertakes with the Agent to pay to the Agent from time to time on demand all amounts from time to time due and payable by it for the account of the Agent, Agent or the Lenders or the Issuer or any of them pursuant to this Agreement or the Other Documents to the extent not already paid. Any payment made pursuant to any such demand shall pro tanto satisfy the relevant Borrower’s 's obligations to make payments for the account of the Lenders and the Issuer or the relevant one or more of them pursuant to this AgreementAgreement and the Other Documents.
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (General Datacomm Industries Inc)