Automatic Debit. The Bank may debit when due all payments of principal and interest due under the terms of this Agreement to any deposit account of the Company carried with the Bank without further authority.
Appears in 5 contracts
Samples: Credit Agreement (Bioanalytical Systems Inc), Guaranty Agreement (Noble Romans Inc), Guaranty Agreement (Obsidian Enterprises Inc)
Automatic Debit. The Upon prior notice to the Company, the Bank may debit when due all payments of principal and interest due under the terms of this Agreement to any deposit account of the Company carried with the Bank without further authority.
Appears in 1 contract
Samples: Credit Agreement (Landec Corp \Ca\)