Application of Receipts. All sums received by Bank, whether from Borrower or from Borrower's account debtors shall be applied to the outstanding ABL Loan balance immediately upon receipt thereof by the Bank. The Borrower will be charged, on a monthly basis, for the uncollected balance fees.
Appears in 5 contracts
Samples: Credit Agreement (LXN Corp), Credit Agreement (Tekelec), Credit Agreement (Clearcommerce Corp)