Common use of Bank Blocked Account Charges and Procedures Clause in Contracts

Bank Blocked Account Charges and Procedures. The Collateral Agent is hereby authorized to (a) charge the Bank Blocked Account or any deposit account of the Borrower maintained at the Collateral Agent for all returned checks, service charges, and other fees and charges associated with the deposits by the Borrower to and withdrawals by the Borrower from the Bank Blocked Account; (b) follow its usual procedures in the event the Bank Blocked Account or any check, draft or other order for payment of money should be or become the subject of any writ, levy, order or other similar judicial or regulatory order or process; (c) charge the Bank Blocked Account or any deposit account of the Borrower maintained at the Collateral Agent for any Letter of Credit reimbursement, Loan repayments, interest or fees; and (d) pay from the Bank Blocked Account, on behalf of the Borrower, suppliers and other business expenses of the Borrower. If the available balances in the Bank Blocked Account relating to the Borrower are not sufficient to pay the Administrative Agent for any returned check, draft or order for the payment of money relating to the Borrower, or to compensate the Administrative Agent for any charges or fees due the Administrative Agent with respect to the deposits by the Borrower to and withdrawals by the Borrower from the Bank Blocked Account, the Borrower agrees to pay on demand the amount due the Administrative Agent. The Borrower agrees that it cannot, and will not, withdraw any monies from the Bank Blocked Account and it will not permit the Bank Blocked Account to become subject to any other pledge, assignment, lien, charge or encumbrance of any kind, nature or description, other than the Administrative Agent’s security interest.

Bank Blocked Account Charges and Procedures. The Collateral Agent is hereby authorized to (a) charge the Bank Blocked Account or any deposit account of the Borrower maintained at the Collateral Agent for all returned checks, service charges, and other fees and charges associated with the deposits by the Borrower to and withdrawals by the Borrower from the Bank Blocked Account; (b) follow its usual procedures in the event the Bank Blocked Account or any check, draft or other order for payment of money should be or become the subject of any writ, levy, order or other similar judicial or regulatory order or process; (c) charge the Bank Blocked Account or any deposit account of the Borrower maintained at the Collateral Agent for any Letter of Credit reimbursement, Loan repayments, interest or fees; and (d) pay from the Bank Blocked Account, on behalf of the Borrower, suppliers and other business expenses of the Borrower. If the available balances in the Bank Blocked Account relating to the Borrower are not sufficient to pay the Administrative Agent for any returned check, draft or order for the payment of money relating to the Borrower, or to compensate the Administrative Agent for any charges or fees due the Administrative Agent with respect to the deposits by the Borrower to and withdrawals by the Borrower from the Bank Blocked Account, the Borrower agrees to pay on demand the amount due the Administrative Agent. The Borrower agrees that it cannot, and will not, withdraw any monies from the Bank Blocked Account and it will not permit the Bank Blocked Account to become subject to any other pledge, assignment, lien, charge or encumbrance of any kind, nature or description, other than the Administrative Agent’s 's security interest.

Bank Blocked Account Charges and Procedures. The Collateral Agent is hereby authorized to (a) charge the Bank Blocked Account or any deposit account of the Borrower maintained at the Collateral Agent Chase for all returned checks, service charges, and other fees and charges associated with the deposits by the Borrower to and withdrawals by the Borrower -83- from the Bank Blocked Account; (b) follow its usual procedures in the event the Bank Blocked Account or any check, draft or other order for payment of money should be or become the subject of any writ, levy, order or other similar judicial or regulatory order or process; and (c) charge transfer, at Agent's sole discretion, any collected and available balances relating to the Borrower in the Bank Blocked Account or any deposit account of the Borrower maintained at the Collateral Agent for any Letter of Credit reimbursement, Loan repayments, interest or fees; and (d) pay from the Bank Blocked Account, on behalf of each day by wire transfer to the Borrower's operating account number 375-1561112 maintained with Bank of America, suppliers and other business expenses N.A. Funds are not availxxxx xx, in the reasonable determination of the BorrowerAgent, they are subject to a hold, dispute or legal process preventing their withdrawal. If the available balances in the Bank Blocked Account relating to the Borrower are not sufficient to pay the Administrative Agent for any returned check, draft or order for the payment of money relating to the Borrower, or to compensate the Administrative Agent for any charges or fees due the Administrative Agent with respect to the deposits by the Borrower to and withdrawals by the Borrower from the Bank Blocked Account, the Borrower agrees to pay on demand the amount due the Administrative Agent. The Borrower agrees that it cannot, and will not, withdraw any monies from the Bank Blocked Account and it will not permit the Bank Blocked Account to become subject to any other pledge, assignment, lien, charge or encumbrance of any kind, nature or description, other than the Administrative Agent’s 's security interest.