Procedure for Advances. Borrower may request Advances by ---------------------- telephone through its designated employee or employees as hereinafter provided. Each Advance request must be received by Lender not later than 1:00 p.m. (Eastern Standard time) on the date the Advance is to be made and must specify the amount of the Advance. Lender shall deposit the Advance into Borrower's account with Lender if Borrower is entitled to the Advance subject to the terms and conditions of this Agreement.
Appears in 1 contract
Sources: Revolving Line of Credit Loan Agreement (Netplex Group Inc)
Procedure for Advances. Borrower may request Advances by ---------------------- telephone through its designated employee employees or employees agents, as hereinafter provided. Each Advance request must be received by Lender not later than 1:00 p.m. (Eastern Standard time) on the date the Advance is to be made and must specify the amount of the Advance. Lender shall deposit the Advance into Borrower's account with Lender Operating Account if Borrower is entitled to the Advance Advance, subject to the terms and conditions of this Agreement.
Appears in 1 contract
Procedure for Advances. Borrower may request Advances by ---------------------- telephone through its designated employee employees or employees agents, as hereinafter provided. Each Advance request must be received by Lender not later than 1:00 p.m. (Eastern Standard time) on the date the Advance is to be made and must specify the amount of the Advance. Lender shall deposit the Advance into Borrower's account with Lender ’s Operating Account if Borrower is entitled to the Advance Advance, subject to the terms and conditions of this Agreement. If Borrower has entered into a separate auto borrow or similar cash management service with Lender, then the provisions of such service shall control with respect to the procedures for making Advances to Borrower.
Appears in 1 contract
Sources: Revolving Line of Credit Loan Agreement (Varsity Group Inc)