Common use of Authorization to Charge Accounts Clause in Contracts

Authorization to Charge Accounts. The Borrowers hereby authorize the Administrative Agent to charge any amounts due under this Agreement against any or all of the demand deposit or other accounts (other than accounts containing escrow funds) of NCO Group or any Borrower with the Administrative Agent (whether maintained at a branch or office located within or without the United States), with the Borrowers remaining jointly and severally liable for any deficiency. The Administrative Agent shall give the relevant Borrower one day prior notice of the amount to be charged provided, however, that advance notice shall not be required to charge any amount due for interest or the Unused Fee, and the Administrative Agent shall only advise of such charge after such charge has been made.

Authorization to Charge Accounts. The Borrowers Borrower hereby authorize authorizes the Administrative Agent to charge any amounts due under this Agreement against any or all of the demand deposit or other accounts (other than accounts containing escrow funds) of NCO Group or any Borrower with the Administrative Agent (whether maintained at a branch or office located within or without the United States), with the Borrowers Borrower remaining jointly and severally liable for any deficiency. The Administrative Agent shall give the relevant Borrower one day prior notice of the amount to be charged charged; provided, however, that advance notice shall not be required to charge any amount due for interest or the Unused Fee, and the Administrative Agent shall only advise of such charge after such charge has been made.

Authorization to Charge Accounts. The Borrowers Borrower hereby authorize authorizes the Administrative Agent to charge any amounts due under this Agreement against any or all of the demand deposit or other accounts (other than accounts containing escrow or trust funds) of NCO Group or any Borrower with the Administrative Agent (whether maintained at a branch or office located within or without the United States), with the Borrowers Borrower remaining jointly and severally liable for any deficiency. The Administrative Agent shall give the relevant Borrower one day prior notice of the amount to be charged charged; provided, however, that advance notice shall not be required to charge any amount due for principal of the Term Loan, interest or the Unused Fee, and the Administrative Agent shall only advise of such charge after such charge has been made.