Procedure for Loans Clause Samples

Procedure for Loans. Company may by written notice request a borrowing of Loans prior to 12:00 p.m. (New York time) on the Business Day of its request to incur, on the next business day, a Loan. Together with each request for a Loan (or at such other intervals as Laurus may request), Company shall deliver to Laurus a Borrowing Base Certificate in the form of Exhibit A, which shall be certified as true and correct by the Chief Executive Officer or Chief Financial Officer of Company together with all supporting documentation relating thereto. All Loans shall be disbursed from whichever office or other place Laurus may designate from time to time and shall be charged to Company's account on Laurus' books. The proceeds of each Loan made by Laurus shall be made available to Company on the Business Day following the Business Day so requested in accordance with the terms of this Section 4 by way of credit to Company's operating account maintained with such bank as Company designated to Laurus. Any and all Obligations due and owing hereunder may be charged to Company's account and shall constitute Loans.

Procedure for Loans. Any request by the Borrower for Revolving Loans hereunder shall be in writing or by telephone and must be given so as to be received by the Agent not later than 11:00 A.M. (Minneapolis time) two Eurodollar Business Days prior to the requested Revolving Loan Date if the Revolving Loans (or any portion thereof) are requested as Eurodollar Rate Advances and not later than 11:00 A.M. (Minneapolis time) on the requested Revolving Loan Date if the Revolving Loans are requested as Base Rate Advances. Each request for Revolving Loans hereunder shall be irrevocable and shall be deemed a representation by the Borrower that on the requested Revolving Loan Date and after giving effect to the requested Revolving Loans the applicable conditions specified in Article III have been and will be satisfied. Each request for Revolving Loans hereunder shall specify (a) the requested Revolving Loan Date, (b) the aggregate amount of the Revolving Loans to be made on such date which shall be in a minimum amount of $1,000,000 for Base Rate Advances or $5,000,000 for Eurodollar Rate Advances, (c) whether such Revolving Loans are to be funded as Base Rate Advances or Eurodollar Rate Advances (and, if such Revolving Loans are to be made with more than one applicable interest rate choice, specifying the amount to which each interest rate choice is applicable) and (d) in the case of Eurodollar Rate Advances, the duration of the initial Interest Period applicable thereto; provided, that no Revolving Loans shall be funded as Eurodollar Rate Advances if a Default or Event of Default has occurred and is continuing. The Agent may rely on any telephone request by the Borrower for Revolving Loans hereunder which it believes in good faith to be genuine; and the Borrower hereby waives the right to dispute the Agent’s record of the terms of such telephone request. The Agent shall promptly notify each other Bank of the receipt of such request, the matters specified therein, and of such Bank’s ratable share of the requested Revolving Loans. On the date of the requested Revolving Loans, each Bank shall provide its share of the requested Revolving Loans to the Agent in Immediately Available Funds not later than 1:00 P.M. (Minneapolis time). Unless the Agent determines that any applicable condition specified in Article III has not been satisfied, the Agent will make available to the Borrower at the Agent’s principal office in Minneapolis, Minnesota in Immediately Available Funds not later than 2:00 P....

Procedure for Loans. This is the procedure for obtaining Loans:

Procedure for Loans. Company may by written notice request a borrowing of Loans prior to 9:30 a.m. (New York time) on the Business Day of its request to incur, on that day, a Loan. Together with each request for a Loan (or at such other intervals as Laurus may request), Company shall deliver to Laurus a Borrowing Base Certificate in the form of Exhibit A, which shall be certified as true and correct by the President or Chief Financial Officer of Company together with all supporting documentation relating thereto. All Loans shall be disbursed from whichever office or other place Laurus may designate from time to time and shall be charged to Company's account on Laurus' books. The proceeds of each Loan made by Laurus shall be made available to Company on the Business Day so requested in accordance with the terms of this Section 4 by way of credit to Company's operating account maintained with such bank as Company designated to Laurus. Any and all Obligations due and owing hereunder may be charged to Company's account and shall constitute Loans.

Procedure for Loans. Company Agent may by written notice request a borrowing of Loans prior to 12:00 noon (New York time) on the Business Day of its request to incur, on the next Business Day, a Loan. Together with each request for a Loan (or at such other intervals as Lender may request), Company Agent shall deliver to Lender a Borrowing Base Certificate in the form of Exhibit B attached hereto, which shall be certified as true and correct by the Chief Executive Officer or Chief Financial Officer, Corporate Controller or Animal Applications Segment Corporate Controller of Company Agent together with all supporting documentation relating thereto. All Loans shall be disbursed from whichever office or other place Lender may designate from time to time and shall be charged to the Companies’ account on Lender’s books. The proceeds of each Loan made by Lender shall be made available to Company Agent on the Business Day following the Business Day so requested in accordance with the terms of this Section 4 by way of credit to the applicable Company’s operating account maintained with such bank as Company Agent designated to Lender. Any and all Obligations due and owing hereunder may be charged to the Companies’ account and shall constitute Loans.

Procedure for Loans. Each request for a borrowing of Loans hereunder shall be made to Laurus in writing by the Company no later than 12:00 noon (New York time) on a day that is one (1) Business Day prior to the date of such requested borrowing. Together with each request for a Loan (or at such other intervals as Laurus may request), Company shall deliver to Laurus a Borrowing Base Certificate in the form of Exhibit A, which shall be certified as true and correct by the Chief Executive Officer or Chief Financial Officer of Company together with all supporting documentation relating thereto. All Loans shall be disbursed from whichever office or other place Laurus may designate from time to time and shall be charged to Company's account on Laurus' books. The proceeds of each Loan made by Laurus shall be made available to Company on the Business Day following the Business Day so requested in accordance with the terms of this Section 4 by way of credit to Company's operating account maintained with such bank as Company designated to Laurus. Any and all Obligations due and owing hereunder may be charged to Company's account and shall constitute Loans.

Procedure for Loans. 10 Section 2.3.

Procedure for Loans. Any request by the Company for a Loan shall be in writing, or by telephone promptly confirmed in writing, and must be given so as to be received by the Bank not later than 3:30 p.m. (Chicago time) two Eurodollar Business Days prior to the requested Loan Date if the Loan is requested as a Eurodollar Rate Advance, and not later than 3:30 p.m. (Chicago time) on the requested Loan Date if the Loan is requested as a Federal Funds Rate Advance. The Bank may, in its sole discretion, accept requests for Loans after 3:30 p.m. (Chicago time). Each request for a Loan shall be irrevocable and shall be deemed a representation by the Company that on the requested Loan Date and after giving effect to such Loan the applicable conditions specified in Article III have been and will continue to be satisfied. Each request for a Loan shall specify (a) the requested Loan Date, (b) the amount of such Loan which shall be in a minimum amount of $500,000 or, if more, an integral multiple thereof, (c) whether such Loan is to be funded as a Federal Funds Rate Advance or a Eurodollar Rate Advance, (d) in the case of a Loan made as a Eurodollar Rate Advance, the duration of the initial Interest Period applicable thereto, and (e) whether such Loan is requested as a Committed Loan or a Discretionary Loan. Unless the Bank determines that any applicable condition specified in Section 2. l or in Article III has not been satisfied, or has determined (in its sole and unlimited discretion) not to make a requested Discretionary Credit, the Bank will make available to the Company at the Bank's principal office in Chicago, Illinois in Immediately Available Funds not later than 4:30 p.m. (Chicago time) on the requested Loan Date the amount of the requested Loan. In the event that the Bank determines that the Customers' Securities Availability is not sufficient to cover a requested Committed Loan, the Bank may, in its sole discretion, make a Committed Loan in an amount that is covered by Customers' Securities Availability. Without in any way limiting the Company's obligation to confirm in writing any telephonic request for a Loan, the Bank may rely on any such request which it believes in good faith to be genuine; and the Company hereby waives the right to dispute the Bank's record of the terms of such telephonic request for a Loan. Each request by the Company for the issuance of a Letter of Credit shall be processed by the Bank in accordance with its normal procedures and practices with respect to...

Procedure for Loans. 17 Section 2.3 Notes .............................................................. 18 Section 2.4 Conversions and Continuations ...................................... 18 Section 2.5 Interest Rates, Default Interest and Payments ...................... 19 Section 2.6 Repayment .......................................................... 20 Section 2.7