Common use of Disbursements and Payments Clause in Contracts

Disbursements and Payments. Each disbursement by the Bank and each payment by the Borrower will be: (a) made at the Bank's branch (or other location) selected by the Bank from time to time; (b) made for the account of the Bank's branch selected by the Bank from time to time; (c) made in immediately available funds, or such other type of funds selected by the Bank; (d) evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower to sign one or more promissory notes.

Appears in 49 contracts

Sources: Business Loan Agreement (Dura Pharmaceuticals Inc/Ca), Business Loan Agreement (Watsco Inc), Business Loan Agreement (Cerprobe Corp)

Disbursements and Payments. Each disbursement by the Bank and each payment by the Borrower Borrowers will be: (a) made at the Bank's branch (or other location) selected by the Bank from time to time; (b) made for the account of the Bank's branch selected by the Bank from time to time; (c) made in immediately available funds, or such other type of funds selected by the Bank; (d) evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower Borrowers to sign one or more promissory notes.

Appears in 9 contracts

Sources: Business Loan Agreement (Sunquest Information Systems Inc), Business Loan Agreement (Grill Concepts Inc), Savings Plan and Trust Agreement (California Water Service Group)

Disbursements and Payments. Each disbursement by the Bank and each payment by the Borrower will be: (a) made at the Bank's branch (or other location) selected by the Bank from time to time; ; (b) made for the account of the Bank's branch selected by the Bank from time to time; (c) made in immediately available funds, or such other type of funds selected by the Bank; ; (dc) evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower to sign one or more promissory notes.

Appears in 3 contracts

Sources: Business Loan Agreement (Oyo Geospace Corp), Business Loan Agreement (Ico Inc), Loan Agreement (Ico Inc)

Disbursements and Payments. Each disbursement by the Bank and each payment by the Borrower Borrowers will be: : (a) made at the Bank's branch (or other location) selected by the Bank from time to time; ; (b) made for the account of the Bank's branch selected by the Bank from time to time; ; (c) made in immediately available funds, or such other type of funds selected by the Bank; ; and (d) evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower Borrowers to sign one or more promissory notesnotes to evidence the debt arising from such disbursements.

Appears in 3 contracts

Sources: Business Loan Agreement (Educational Medical Inc), Business Loan Agreement (Educational Medical Inc), Business Loan Agreement (Educational Medical Inc)

Disbursements and Payments. Each disbursement by the Bank and each -------------------------- payment by the Borrower will be: (a) made at the Bank's branch (or other location) selected by the Bank from time to time; (b) made for the account of the Bank's branch selected by the Bank from time to time; (c) made in immediately available funds, or such other type of funds selected by the Bank; (d) evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower to sign one or more promissory notes.

Appears in 2 contracts

Sources: Business Loan Agreement (Impco Technologies Inc), Business Loan Agreement (Image Entertainment Inc)

Disbursements and Payments. Each disbursement by the Bank and each payment by the Borrower will be: (a) made at the Bank's branch (or other location) selected by the Bank in consultation with the Borrower, from time to time; (b) made for the account of the Bank's branch selected by the Bank in consultation with the Borrower, from time to time; (c) made in immediately available funds, or such other type of funds selected by the Bank; (d) evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower to sign one or more promissory notes.

Appears in 2 contracts

Sources: Business Loan Agreement (TRM Corp), Business Loan Agreement (TRM Corp)

Disbursements and Payments. Each disbursement by the Bank and each payment by the Borrower will be: (a) made at the Bank's branch (or other location) selected by the Bank from time to time;. (b) made for the account of the Bank's branch selected by the Bank from time to time;. (c) made in immediately available funds, or such other type of funds selected by the Bank;. (d) evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower to sign one or more promissory notes.

Appears in 2 contracts

Sources: Commercial Loan Agreement (Novellus Systems Inc), Commercial Loan Agreement (Novellus Systems Inc)

Disbursements and Payments. Each disbursement by the Bank and each payment by the Borrower will be: (a) made at the Bank's branch (or other location) selected by the Bank from time to time; (b) made for the account of the Bank's branch selected by the Bank from time to time; (c) made in immediately available funds, or such other type of funds selected by the Bank;: (d) evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower to sign one or more promissory notes.

Appears in 1 contract

Sources: Business Loan Agreement (Variflex Inc)

Disbursements and Payments. Each disbursement by the Bank and each payment by the Borrower will be: (a) made at the Bank's branch (or other location) selected by the Bank from time to time; ; (b) made for the account of the Bank's branch selected by the Bank from time to time; ; (c) made in immediately available funds, or such other type of funds selected by the Bank; ; (d) evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower to sign one or more promissory notes.

Appears in 1 contract

Sources: Business Loan Agreement (Image Entertainment Inc)

Disbursements and Payments. Each disbursement by the Bank and each payment by the Borrower Borrowers will be: (a) made at the Bank's branch (or other location) selected by the Bank from time to time; (b) made for the account of the Bank's branch selected by the Bank from time to time; (c) made in immediately available funds, or such other type of funds selected by the Bank;; and (d) evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower Borrowers to sign one or more promissory notes.

Appears in 1 contract

Sources: Business Loan Agreement (Media Arts Group Inc)

Disbursements and Payments. Each disbursement by the Bank and each payment by the Borrower will be: (a) made at the Bank's Banks branch (or other location) selected by the Bank from time to time; ; (b) made for the account of the Bank's branch selected by the Bank from time to time; (c) made in immediately available funds, or such other type of funds selected by the Bank; ; (dc) evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower to sign one or more promissory notes.,

Appears in 1 contract

Sources: Business Loan Agreement (Temtex Industries Inc)

Disbursements and Payments. Each disbursement by the Bank and each payment by the Borrower Borrowers will be: (a) made at the Bank's branch (or other location) selected by the Bank from time to time;. (b) made for the account of the Bank's branch selected by the Bank from time to time;. (c) made in immediately available funds, or such other type of funds selected by the Bank;. (d) evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower Borrowers to sign one or more promissory notes.

Appears in 1 contract

Sources: Commercial Loan Agreement (Arlen Corp)

Disbursements and Payments. Each disbursement by the Bank and each payment by the Borrower will be: (a) made at the Bank's branch (or other location) selected by the Bank from time to time; (b) made for the account of the Bank's branch selected by the Bank from time to time; (c) made in immediately available funds, ,or such other type of funds selected by the Bank; (d) evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower to sign one or more promissory notes.

Appears in 1 contract

Sources: Business Loan Agreement (Farr Co)

Disbursements and Payments. Each disbursement by the Bank and each -------------------------- payment by the Borrower will be: (a1) made at the Bank's branch (or other location) selected by the Bank from time to time; (b2) made for the account of the Bank's branch selected by the Bank from time to time; (c3) made in immediately available funds, or such other type of funds selected by the Bank;; and (d4) evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower to sign one or more promissory notes.

Appears in 1 contract

Sources: Business Loan Agreement (Aztec Manufacturing Co)

Disbursements and Payments. Each disbursement by the Bank and each payment by the Borrower will be: (a) made at the Bank's branch (or other location) selected by the Bank from time to time; (b) made for the account of the Bank's branch selected by the Bank from time to time; (c) made in immediately available funds, or such other type funds consisting of funds selected by the BankU.S. dollars; (d) evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower to sign one or more promissory notes.

Appears in 1 contract

Sources: Business Loan Agreement (Arris Pharmaceutical Corp/De/)

Disbursements and Payments. Each disbursement by the Bank and each payment by the Borrower will be: (a) made at the Bank's branch (or other location) selected by the Bank from time to time; (b) made for the account of the Bank's branch selected by the Bank from time to time; (c) made in immediately available funds, or such other type of funds selected by the Bank; (d) evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower to sign one or more promissory notes.

Appears in 1 contract

Sources: Business Loan Agreement (SRS Labs Inc)

Disbursements and Payments. Each disbursement by the Bank and each payment by the Borrower will be: (a) made at the Bank's ’s branch (or other location) selected by the Bank from time to time; (b) made for the account of the Bank's ’s branch selected by the Bank from time to time; (c) made in immediately available funds, or such other type of funds selected by the Bank; (d) evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower to sign one or more promissory notes.

Appears in 1 contract

Sources: Business Loan Agreement (Stater Bros Holdings Inc)

Disbursements and Payments. Each disbursement by the Bank and each payment by the Borrower will be: (a) made at the Bank's branch (or other location) selected by the Bank from time to time; ; (b) made for the account of the Bank's branch selected by the Bank from time to time; ; (c) made in immediately available funds, or such other type of funds selected by the Bank; ; (d) evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower to sign one or more promissory notes.

Appears in 1 contract

Sources: Business Loan Agreement (Variflex Inc)

Disbursements and Payments. Each disbursement by the Bank and each payment by the Borrower will be: (a) made at the Bank's branch (or other location) selected by the Bank in its reasonable discretion from time to time; (b) made for the account of the Bank's branch selected by the Bank in its reasonable discretion from time to time; (c) made in immediately available funds, or such other type of funds selected by the Bank; (d) evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower to sign one or more promissory notes.

Appears in 1 contract

Sources: Revolving Loan Agreement (Essex Portfolio Lp)

Disbursements and Payments. Each disbursement by the Bank and each payment by the Borrower will be: : (a) made at the Bank's branch (or other location) selected by the Bank from time to time; (b) made for the account of the Bank's branch selected by the Bank from time to time; (c) made in immediately available funds, or such other type of funds selected by the Bank; ; (db) evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower to sign one or more promissory notes.

Appears in 1 contract

Sources: Secured Business Loan Agreement (Greg Manning Auctions Inc)

Disbursements and Payments. Each disbursement by the Bank and each payment by the Borrower will be: (a) made at the Bank's branch (or other location) selected elected by the Bank from time to time; (b) made for the account of the Bank's branch selected by the Bank from time to time; (c) made in immediately available funds, or such other type of funds selected by the Bank; (d) evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower to sign one or more promissory notes.

Appears in 1 contract

Sources: Business Loan Agreement (Ventana Medical Systems Inc)

Disbursements and Payments. Each disbursement by the Bank and each payment by the Borrower will be: : (a) made at the Bank's branch (or other location) selected by the Bank from time to time; ; (b) made for the account of the Bank's branch selected by the Bank from time to time; ; (c) made in immediately available funds, or such other type of funds selected by the Bank; ; (d) evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrower to sign one or more promissory notes.

Appears in 1 contract

Sources: Business Loan Agreement (California Water Service Co)