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; -------------------------------------------------------------------------------- -11- (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 (Claremont Technology Group 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; -------------------------------------------------------------------------------- -11--------------------------------------------------------------------------------- (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 (Powerwave Technologies 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; -------------------------------------------------------------------------------- -11--4- (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 as agreed by the Bank; -------------------------------------------------------------------------------- -11-Bank and Borrower; (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 (Sport Chalet 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; -------------------------------------------------------------------------------- -11-and (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 (Scheid Vineyards 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; -------------------------------------------------------------------------------- -11-; (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 (E Tek Dynamics 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 as agreed to by the Bank; -------------------------------------------------------------------------------- -11-Bank and Borrower; (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 (Sport Chalet Inc)