Advances Credited to Operating Account. All Advances, whether accruing interest at the Floating Rate (“Floating Rate Advances”) or at the Fixed Rate (“Fixed Rate Advances”), shall be credited to Company’s demand deposit account maintained with Xxxxx Fargo (the “Operating Account”), unless the parties agree in an Authenticated Record to disburse to another account.
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Samples: Credit and Security Agreement (Analysts International Corp), Credit and Security Agreement (Physicians Formula Holdings, Inc.), Credit and Security Agreement (Analysts International Corp)
Advances Credited to Operating Account. All Advances, whether accruing Advances shall accrue interest at the Floating Rate (“Floating Rate Advances”) or at the Fixed Rate (“Fixed Rate Advances”), and shall be credited to Company’s demand deposit account maintained with Xxxxx Fargo (the “Operating Account”), unless the parties agree in an Authenticated Record to disburse to another account.
Appears in 1 contract
Samples: Credit and Security Agreement (Nortech Systems Inc)
Advances Credited to Operating Account. All Advances, whether accruing interest at the Floating Rate Advances (“also called "Floating Rate Advances”") or at the Fixed Rate (“Fixed Rate Advances”), shall be credited to Company’s 's demand deposit account maintained with Xxxxx Wxxxx Fargo (the “"Operating Account”"), unless the parties agree in an Authenticated Record to disburse to another account.
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