Authority to Charge Revolving Loan Account. The Companies hereby 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 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 Companies and solely at CIT's discretion.
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Samples: Financing Agreement, Financing Agreement (Crown Crafts Inc)
Authority to Charge Revolving Loan Account. The Companies Company hereby authorize 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 Companies confirm 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 Companies Company and solely at CIT's ’s discretion.
Appears in 2 contracts
Samples: Financing Agreement (Pizza Inn Inc /Mo/), Financing Agreement (Ascendia Brands, Inc.)
Authority to Charge Revolving Loan Account. The Companies Company hereby authorize 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 Companies confirm 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 Companies Company and solely at CIT's ’s discretion.
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Authority to Charge Revolving Loan Account. The Companies Company hereby authorize 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 Companies confirm 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 Companies Company and solely at CIT's discretion.
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Authority to Charge Revolving Loan Account. The Companies hereby authorize CIT 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 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 Companies and solely at CIT's ’s discretion.”
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