Agent May Debit Account. The Agent may debit accounts of the Borrower with the Agent (if any) for any payment or amount due and payable by the Borrower pursuant to this Agreement without further direction from the Borrower to the Agent.
Appears in 7 contracts
Samples: Credit Agreement (Midamerican Energy Co), Credit Agreement (Midamerican Energy Co), Credit Agreement (Midamerican Funding LLC)
Agent May Debit Account. The Agent may debit any accounts of the Borrower with the Agent (if any) for any payment or amount due and payable by the Borrower pursuant to this Agreement without further direction from the Borrower to the Agent; provided that any such debit is not in conflict with the provisions of the Trust Indenture but in any event such debits may be made in accordance with the Agent’s centralized cash management arrangements with the Borrower.
Appears in 3 contracts
Samples: Credit Agreement (Midamerican Energy Co), Credit Agreement (Midamerican Funding LLC), Credit Agreement (Pacificorp /Or/)
Agent May Debit Account. The Agent may debit any accounts of the Borrower with the Agent (if any) for any payment or amount due and payable by the Borrower pursuant to this Agreement without further direction from the Borrower to the Agent; provided that any such debit is not in conflict with the provisions of the LEGAL_l:28867748.6 Trust Indenture but in any event such debits may be made in accordance with the Agent's centralized cash management arrangements with the Borrower.
Appears in 1 contract
