Common use of Authorization to Charge Accounts Clause in Contracts

Authorization to Charge Accounts. During the continuance of an Event of Default, the Borrower hereby authorizes the Administrative Agent and each Lender, if and to the extent any amount payable by the Borrower under the Loan Documents (whether payable to such Person or to any other Person that is the Administrative Agent or a Lender) is not otherwise paid when due, to charge such amount against any or all of the accounts of the Borrower held at such Lender (whether maintained at a branch or office located within or without the United States), with the Borrower remaining liable for any deficiency.

Authorization to Charge Accounts. During the continuance of an Event of Default, the The Borrower hereby authorizes the Administrative Agent Agent, each Issuing Bank and each Lender, if and to the extent any amount payable by the Borrower under the Loan Documents (whether payable to such Person or to any other Person that is the Administrative Agent Agent, an Issuing Bank or a Lender) is not otherwise paid when due, to charge such amount against any or all of the accounts of the Borrower held at with such Lender Person or any of its Affiliates (whether maintained at a branch or office located within or without the United States), with the Borrower remaining liable for any deficiency.