Common use of Procedure for Advances Clause in Contracts

Procedure for Advances. Between the date hereof and the Termination Date, the Company may request an Advance hereunder by delivering to Sponsor a written or oral request for Advance (a "Request for Advance"). A Request for Advance may request that Sponsor make the Advance to the Company or directly to such third parties as the Request for Advance specifies. Any amounts Sponsor pays to third parties pursuant to such a direction in a Request for Advance will be deemed to be made on behalf of the Company and, to the extent those amounts constitute expenses, those amounts will constitute expenses of the Company for all purposes and the Company will be the owner of any and all benefits attributable to those expenses. Within five business days after Sponsor receives any Request for Advance from the Company, Sponsor will notify the Company in writing as to whether or not Sponsor will make the Advance requested thereby and the date by which Sponsor will make the Advance. Notwithstanding any provision hereof to the contrary, Sponsor may decline to make any Advance hereunder for any reason in its sole discretion.