Common use of Authority to Charge Revolving Loan Account Clause in Contracts

Authority to Charge Revolving Loan Account. The Company hereby authorizes CIT to charge the Revolving Loan Account with the amount of all payments due under this Section 8 as such payments become due. Any amount charged to the Revolving Loan Account shall be deemed a Chase Bank Rate Loan hereunder and shall bear interest at the rate provided in Section 8.1 (or Section 8.2, if applicable) of this Financing Agreement. The Company confirms that any charges which CIT may make to the Revolving Loan Account as provided herein will be made as an accommodation to the Company and solely at CIT’s discretion.

Appears in 2 contracts

Samples: Financing Agreement (Pizza Inn Inc /Mo/), Financing Agreement (Ascendia Brands, Inc.)

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Authority to Charge Revolving Loan Account. The Company Companies hereby authorizes CIT authorize CIT, without notice to the Companies, to charge the Revolving Loan Account with the amount of all payments due under this Section 8 4 as such payments amounts become due. Any amount charged to the Revolving Loan Account shall be deemed a Chase Bank Rate Loan hereunder and shall bear interest at the rate provided in Section 8.1 (or Section 8.2, if applicable) of this Financing Agreement. The Company confirms Companies confirm that any charges which CIT may make to the Revolving Loan Account as provided herein will be made as an accommodation to the Company Companies and solely at CIT’s discretion.

Appears in 1 contract

Samples: Financing Agreement (Crown Crafts Inc)

Authority to Charge Revolving Loan Account. The Company hereby authorizes CIT to charge the Revolving Loan Account with the amount of all payments due under this Section 8 as such payments become due. Any amount charged to the Revolving Loan Account shall be deemed a Chase Bank Rate Loan hereunder and shall bear interest at the rate provided in Section 8.1 (or Section 8.2, if applicable) of this Financing Agreement. The Company confirms that any charges which CIT may make to the Revolving Loan Account as provided herein will be made as an accommodation to the Company and solely at CIT’s 's discretion.

Appears in 1 contract

Samples: Financing Agreement (Barry R G Corp /Oh/)

Authority to Charge Revolving Loan Account. The Company Companies hereby authorizes authorize CIT to charge the Revolving Loan Account with the amount of all payments due under this Section 8 as such payments become due. Any amount charged to the Revolving Loan Account shall be deemed a Chase Bank Rate Loan hereunder and shall bear interest at the rate provided in Section 8.1 (or Section 8.2, if applicable) of this Financing Agreement. The Company confirms Companies confirm that any charges which CIT may make to the Revolving Loan Account as provided herein will be made as an accommodation to the Company Companies and solely at CIT’s 's discretion.

Appears in 1 contract

Samples: Financing Agreement (Crown Crafts Inc)

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Authority to Charge Revolving Loan Account. The Company Companies hereby authorizes authorize CIT to charge the Revolving Loan Account with the amount of all payments due under this Section 8 as such payments become due. Any amount charged to the Revolving Loan Account shall be deemed a Chase Bank Rate Loan hereunder and shall bear interest at the rate provided in Section 8.1 (or Section 8.2, if applicable) of this Financing Agreement. The Company confirms Companies confirm that any charges which CIT may make to the Revolving Loan Account as provided herein will be made as an accommodation to the Company Companies and solely at CIT’s 's discretion. SECTION 9.

Appears in 1 contract

Samples: www.sec.gov

Authority to Charge Revolving Loan Account. The Company hereby authorizes CIT to charge the Revolving Loan Account with the amount of all payments due under this Section 8 as such payments become due. Any amount charged to the Revolving Loan Account shall be deemed a Chase Bank Rate Loan hereunder and shall bear interest at the rate provided in Section 8.1 (or Section 8.2, . if applicable) of this Financing Agreement. The Company confirms that any charges which CIT may make to the Revolving Loan Account as provided herein will be made as an accommodation to the Company and solely at CIT’s discretion.

Appears in 1 contract

Samples: Financing Agreement (Rentech Inc /Co/)

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