Common use of Basis of Payments Clause in Contracts

Basis of Payments. All sums payable by the Borrower to the Bank under this Agreement or the other documents contemplated hereby shall be paid directly to the Bank at its office set forth in Section 8.10 hereof in immediately available United States funds, without set off, deduction or counterclaim. Borrower hereby authorizes and request Bank to debit Borrower's checking or deposit or other accounts with the Bank for all or a part of any such amounts when due, provided, however, that this authorization shall not affect the Borrower's obligation to pay, when due, any Indebtedness whether or not account balances are sufficient to pay amounts due.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Pawnmart Inc), Revolving Credit Agreement (Pawnmart Inc)

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Basis of Payments. All sums payable by the Borrower to the Bank under this Agreement or the other documents contemplated hereby shall be paid directly to the Bank at its office set forth in Section 8.10 9.10 hereof in immediately available United States funds, without set off, deduction or counterclaim. Borrower hereby authorizes In its sole discretion, the Bank may charge any and request Bank to debit Borrower's checking or all deposit or other accounts (including without limit an account evidenced by a certificate of deposit) of the Borrower with the Bank for all or a part of any such amounts when Indebtedness then due, ; provided, however, that this authorization shall not affect the Borrower's obligation to pay, when due, any Indebtedness whether or not account balances are sufficient to pay amounts due.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Manatron Inc)

Basis of Payments. All sums payable by the Borrower to the Bank under this Agreement or the other documents contemplated hereby shall be paid directly to the Bank at its office set forth in Section 8.10 hereof in immediately available United States funds, without set off, deduction or counterclaim. Borrower hereby authorizes and request requests Bank to debit each Borrower's checking or deposit or other accounts with the Bank for all or a part of any such amounts when due, provided, however, that this authorization shall not affect the each Borrower's obligation to pay, when due, any Indebtedness whether or not account balances are sufficient to pay amounts due.

Appears in 1 contract

Samples: Credit Agreement (Xponential Inc)

Basis of Payments. All sums payable by the Borrower to the Bank under this Agreement or the other documents contemplated hereby shall be paid directly to the Bank at its office set forth in Section 8.10 9.10 hereof in immediately available United States funds, without set off, deduction or counterclaim. Borrower hereby authorizes and request Bank to debit Borrower's checking or deposit or other accounts with the Bank for all or a part of any such amounts when due, provided, however, that this authorization shall not affect the Borrower's obligation to pay, when due, any Indebtedness whether or not account balances are sufficient to pay amounts due.

Appears in 1 contract

Samples: Brightstar Information Technology Group Inc

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Basis of Payments. All sums payable by the Borrower to the Bank under this Agreement or the other documents contemplated hereby shall be paid directly to the Bank at its office set forth in Section 8.10 9.10 hereof in immediately available United States funds, without set off, deduction or counterclaim. Borrower hereby authorizes and request Bank to debit Debit Borrower's checking or deposit or other accounts with the Bank for all or a part of any such amounts when due, provided, however, that this authorization shall not affect the Borrower's obligation to pay, when due, any Indebtedness whether or not account balances are sufficient to pay amounts due.

Appears in 1 contract

Samples: Loan Agreement (Pawnmart Inc)

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