Common use of Authorization to Charge Accounts Clause in Contracts

Authorization to Charge Accounts. The Borrower hereby authorizes the Bank to charge, from time to time, against any or all of the Borrower’s deposit accounts with the Bank any amount so due under this Agreement, including, but not limited to, account # 751-009820 maintained with the Bank. Notwithstanding this authorization, the Borrower shall be in default for nonpayment as provided in this Agreement until and unless the default is cured by payment, whether initiated by the Bank or by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Guidance Software, Inc.)

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Authorization to Charge Accounts. The Borrower hereby authorizes the Bank to charge, from time to time, against any or all of the Borrower’s deposit accounts with the Bank any amount so due under this Agreement, including, but not limited to, account # 751672-009820 008281 maintained with the Bank’s San Diego Office (CBC). Notwithstanding this authorization, the Borrower shall be in default for nonpayment as provided in this Agreement until and unless the default is cured by payment, whether initiated by the Bank or by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Alphatec Holdings, Inc.)

Authorization to Charge Accounts. The Borrower hereby authorizes the Bank to charge, from time to time, against any or all of the Borrower’s 's deposit accounts with the Bank any amount so due under this Agreement, including, but not limited to, account # 751-009820 maintained 261535176maintained with the Bank. Notwithstanding this authorization, the Borrower shall be in default for nonpayment as provided in this Agreement until and unless the default is cured by payment, whether initiated by the Bank or by the Borrower's Rosemead Branch.

Appears in 1 contract

Samples: Credit Agreement (Osi Systems Inc)

Authorization to Charge Accounts. The Borrower hereby authorizes the Bank to charge, from time to time, against any or all of the Borrower’s 's deposit accounts with the Bank any amount so due under this Agreement, including, but not limited to, account # 751054-009820 004049 maintained with the Bank. Notwithstanding this authorization, the Borrower shall be in default for nonpayment as provided in this Agreement until and unless the default is cured by payment, whether initiated by the Bank or by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Scientific Technologies Inc)

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Authorization to Charge Accounts. The Borrower hereby authorizes the Bank to charge, from time to time, against any or all of the Borrower’s deposit accounts with the Bank any amount so due under this Agreement, including, but not limited to, account # 751-009820 184008555 maintained with the Bank. Notwithstanding this authorization, the Borrower shall be in default for nonpayment as provided in this Agreement until and unless the default is cured by payment, whether initiated by the Bank or by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Ixys Corp /De/)

Authorization to Charge Accounts. The Borrower hereby authorizes the Bank to charge, from time to time, against any or all of the Borrower’s deposit accounts with the Bank any amount so due under this Agreement, including, but not limited to, account # 751672-009820 008281 maintained with the Bank’s San Diego Office (CBC). Notwithstanding this authorization, the Borrower shall be in default for nonpayment as provided in this Agreement until and unless the default is cured by payment, whether initiated by the Bank or by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Alphatec Holdings, Inc.)

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