Common use of Borrower's Account Clause in Contracts

Borrower's Account. Lender may charge to Borrower's loan account at any time the amounts of all Obligations (and interest, if any, thereon) owing by Borrower to Lender, including (without limitation) loans, Advances, debts, liabilities, obligations acquired by purchase, assignment or participation and all other obligations, whenever arising, whether absolute or contingent and whether due or to become due; also the amount of all costs and expenses and all attorneys' fees and legal expenses incurred in connection with efforts made to enforce payment of such obligations, or to obtain payment of any Receivables, or the foreclosure of any Collateral or in the prosecution or defense of any actions or proceedings relating in any way to this Agreement whether or not suit is commenced, including reasonable attorneys' fees and legal expenses incurred in connection with any appeal of a lower court's order or judgment; and also the amounts of all unpaid taxes and the like, owing by Borrower to any governmental authority or required to be deposited by Borrower, which Lender pays or deposits for Borrower's account. All of Borrower's borrowings hereunder and (unless otherwise specified) all other obligations which are chargeable to Borrower's loan account shall be payable ON DEMAND; recourse to security will not be required at any time. All sums at any time standing to Borrower's credit on Lender's books and all of Borrower's property at any time in Lender's possession or upon or in which Lender has a Security Interest, may be held by Lender as security for all obligations which are chargeable to Borrower's loan account. Subject to the foregoing, Lender, at Borrower's request, will remit to Borrower any net balance standing to Borrower's credit on Lender's books. Lender will account to Borrower monthly and each monthly accounting will be fully binding on Borrower, unless, within thirty days thereafter, Borrower gives Lender specific written notice of exceptions. All debit balances in Borrower's loan account will bear interest as provided in Paragraph 5 of this Agreement. If Lender so requests at any time, Borrower will immediately execute and deliver to Lender a promissory note in negotiable form payable on demand to Lender's order in a principal amount equal to the amount of the debit balance in Borrower's loan account, with interest as provided in Paragraph 5 of this Agreement. In any event, Borrower covenants to pay all Advances, debts, accounts and interest when due.

Borrower's Account. Lender may charge to Borrower's loan account at any time the amounts of all Obligations (and interest, if any, thereon) owing by Borrower to Lender, including (without limitation) loans, Advances, debts, liabilities, obligations acquired by purchase, assignment or participation and all other obligations, whenever arising, whether absolute or contingent and whether due or to become due; also the amount of all costs and expenses and all reasonable attorneys' fees and legal expenses incurred in connection with efforts made to enforce payment of such obligations, or to obtain payment of any Receivables, or the foreclosure of any Collateral or in the prosecution or defense of any actions or proceedings relating in any way to this Agreement (including but not limited to bankruptcy or insolvency proceedings) whether or not suit is commenced, including reasonable attorneys' fees and legal expenses incurred in connection with any appeal of a lower court's order or judgment; and also the amounts of all unpaid taxes and the like, owing by Borrower to any governmental authority or required to be deposited by Borrower, which Lender pays or deposits for Borrower's account. All of Borrower's borrowings hereunder and (unless otherwise specified) all other obligations which are chargeable to Borrower's loan account shall be payable ON DEMAND; recourse to security will not be required at any time. All sums at any time standing to Borrower's credit on Lender's books and all of Borrower's property at any time in Lender's possession or upon or in which Lender has a Security Interest, may be held by Lender as security for all obligations which are chargeable to Borrower's loan account. Subject to the foregoing, Lender, at Borrower's request, will remit to Borrower any net balance standing to Borrower's credit on Lender's books. Lender will account to Borrower monthly monthly, in writing, and each monthly accounting will be fully binding on Borrower, unless, within thirty days thereafter, Borrower gives Lender specific written notice of exceptions. All debit balances in Borrower's loan account will bear interest as provided in Paragraph 5 of this Agreement. If Lender so requests at any time, Borrower will immediately execute and deliver to Lender a promissory note in negotiable form payable on demand to Lender's order in a principal amount equal to the amount of the debit balance in Borrower's loan account, with interest as provided in Paragraph 5 of this Agreement. In any event, Borrower covenants to pay all Advances, debts, accounts and interest when due.

Borrower's Account. Lender may charge to Borrower's loan account at ------------------ any time the amounts of all Obligations (and interest, if any, thereon) owing by Borrower to Lender, including (without limitation) loans, Advances, debts, liabilities, obligations acquired by purchase, assignment or participation and all other obligations, whenever arising, whether absolute or contingent and whether due or to become due; also the amount of all costs and expenses and all attorneys' fees and legal expenses incurred in connection with efforts made to enforce payment of such obligations, or to obtain payment of any Receivables, or the foreclosure of any Collateral or in the prosecution or defense of any actions or proceedings relating in any way to this Agreement (including but not limited to bankruptcy or insolvency proceedings) whether or not suit is commenced, including reasonable attorneys' fees and legal expenses incurred in connection with any appeal of a lower court's order or judgment; and also the amounts of all unpaid taxes and the like, owing by Borrower to any governmental authority or required to be deposited by Borrower, which Lender pays or deposits for Borrower's account. All of Borrower's borrowings hereunder and (unless otherwise specified) all other obligations which are chargeable to Borrower's loan account shall be payable ON DEMAND; recourse to security will not be required at any time. All sums at any time standing to Borrower's credit on Lender's books and all of Borrower's property at any time in Lender's possession or upon or in which Lender has a Security Interest, may be held by Lender as security for all obligations which are chargeable to Borrower's loan account. Subject to the foregoing, Lender, at Borrower's request, will remit to Borrower any net balance standing to Borrower's credit on Lender's books. Lender will account to Borrower monthly and each monthly accounting will be fully binding on Borrower, unless, within thirty days thereafter, Borrower gives Lender specific written notice of exceptions. All debit balances in Borrower's loan account will bear interest as provided in Paragraph 5 the paragraph entitled "Interest" of this Agreement. If Lender so requests at any time, Borrower will immediately execute and deliver to Lender a promissory note in negotiable form payable on demand to Lender's order in a principal amount equal to the amount of the debit balance in Borrower's loan account, with interest as provided in Paragraph 5 of this Agreementthe paragraph entitled "Interest". In any event, Borrower covenants to pay all Advances, debts, accounts and interest when due.

Borrower's Account. Lender may charge to Borrower's loan account at any time the amounts of all Obligations (and interest, if any, thereon) owing by Borrower to Lender, including (without limitation) loans, Advances, debts, liabilities, obligations acquired by purchase, assignment or participation and all other obligations, whenever arising, whether absolute or contingent and whether due or to become due; also the amount of all costs and expenses and all attorneys' fees and legal expenses incurred in connection with efforts made to enforce payment of such obligations, or to obtain payment of any Receivables, or the foreclosure of any Collateral or in the prosecution or defense of any actions or proceedings relating in any way to this Agreement (including but not limited to bankruptcy or insolvency proceedings) whether or not suit is commenced, including reasonable attorneys' fees and legal expenses incurred in connection with any appeal of a lower court's order or judgment; and also the amounts of all unpaid taxes and the like, owing by Borrower to any governmental authority or required to be deposited by Borrower, which Lender pays or deposits for Borrower's account. All of Borrower's borrowings hereunder and (unless otherwise specified) all other obligations which are chargeable to Borrower's loan account shall be payable ON DEMAND; recourse to security will not be required at any time. All sums at any time standing to Borrower's credit on Lender's books and all of Borrower's property at any time in Lender's possession or upon or in which Lender has a Security Interest, may be held by Lender as security for all obligations which are chargeable to Borrower's loan account. Subject to the foregoing, Lender, at Borrower's request, will remit to Borrower any net balance standing to Borrower's credit on Lender's books. Lender will account to Borrower monthly and each monthly accounting will be fully binding on Borrower, unless, within thirty days thereafter, Borrower gives Lender specific written notice of exceptions. All debit balances baances in Borrower's loan account will bear interest as provided in Paragraph 5 of this Agreement. If Lender so requests at any time, Borrower will immediately execute and deliver to Lender a promissory note in negotiable form payable on demand to Lender's order in a principal amount equal to the amount of the debit balance in Borrower's loan account, with interest as provided in Paragraph 5 of this Agreement. In any event, Borrower covenants to pay all Advances, debts, accounts and interest when due.

Borrower's Account. Lender Gulf Coast may charge to Borrower's loan account at at' any time the amounts of all Obligations (and interest, if any, thereon) owing by Borrower to Lender), including (without limitation) loans, Advances, debts, liabilities, obligations acquired by purchase, assignment or participation and all other obligations, whenever whenever· arising, whether absolute or ·contingent and whether due or to become due; _also the the· amount of all costs and expenses and all attorneys' fees _and legal expenses incurred in connection with efforts made to enforce payment of such obligationsObligations, or to obtain payment of -of any Receivables, or the foreclosure of any Collateral or in the prosecution or of defense of any actions or proceedings relating in any way to this Agreement (including but not limited to bankruptcy or · insolvency proceedings) whether or not suit is commenced, including reasonable attorneys' ’ fees and legal expenses incurred - in connection ·with any appeal of a lower court's order or judgment; judgment;- and :also the amounts of all unpaid taxes and the like, owing by Borrower to any governmental authority or required to be deposited deposited. by Borrower, which Lender Gulf Coast pays or deposits for Borrower's account. All of Borrower's borrowings hereunder and (unless otherwise specified) all other obligations which are chargeable to Borrower's loan account shall be payable ON DEMAND; recourse to security will not be required at any time. All sums at any time standing outstanding to organizations which may be a joint borrower or Guarantor hereunder or which are listed here: [Corporate stock owned] Borrower's credit on LenderOn Gulf Coast's books and all of Borrower's property at any an)' time in LenderGulf Coast's possession or upon or in which Lender Gulf Coast has a Security Interestsecurity interest, may be held by Lender Gulf Coast as security for all obligations which are chargeable to Borrower's loan account. Obligations.. Subject to the foregoing, LenderGulf Coast, at at. Borrower's request, will remit to Borrower Borrower_ any net balance standing outstanding. to Borrower's ’s credit on LenderGulf Coast's books. Lender .· Gulf Coast will account to Borrower monthly and each monthly accounting .accounting will be fully binding on Borrower, unless, within w thin thirty days thereafter, Borrower gives Lender Gulf Coast specific written notice _of exceptions. All debit balances in Borrower's loan account will bear interest as as· provided in Paragraph 5 the paragraph entitled "Interest" of this Agreement. If Lender Gulf Coast so requests at any time, Borrower B0rrower will immediately execute and deliver to Lender Gulf Coast a promissory note in negotiable form payable on demand to LenderGulf Coast's order in a principal amount equal to the amount of the debit balance in Borrower's loan account, with interest as provided in Paragraph 5 of this Agreementthe. paragraph entitled "Interest." In any event, Borrower covenants to pay all Advances, debts, accounts and interest when due.

Borrower's Account. Lender may charge to Borrower's loan account at any time the amounts of all Obligations (and interest, if any, thereon) owing by Borrower to Lender, including (without limitation) loans, Advances, debts, liabilities, obligations acquired by purchase, assignment or participation and all other obligations, whenever arising, whether absolute or contingent and whether due or to become due; also the amount of all costs and expenses and all attorneys' fees and legal expenses incurred in connection with efforts made to enforce payment of such obligations, or to obtain payment of any Receivables, or the foreclosure of any Collateral or in the prosecution or defense of any actions or proceedings relating in any way to this Agreement (including but not limited to bankruptcy or insolvency proceedings) whether or not suit is commenced, including reasonable attorneys' fees and legal expenses incurred in connection with any appeal of a lower court's order or judgment; and also the amounts of all unpaid taxes and the like, owing by Borrower to any governmental authority or required to be deposited by Borrower, which Lender pays or deposits for Borrower's account. All of Borrower's borrowings hereunder and (unless otherwise specified) all other obligations which are chargeable to Borrower's loan account shall be payable ON DEMAND; recourse to security will not be required at any time. All sums at any time standing to Borrower's credit on Lender's books and all of Borrower's property at any time in Lender's possession or upon or in which Lender has a Security Interest, may be held by Lender as security for all obligations which are chargeable to Borrower's loan account. Subject to the foregoing, Lender, at Borrower's request, will remit to Borrower any net balance standing to Borrower's credit on Lender's books. Lender will account to Borrower monthly and each monthly accounting will be fully binding on Borrower, unless, within thirty days thereafter, Borrower gives Lender specific written notice of exceptions. All debit balances in Borrower's loan account will bear interest as provided in Paragraph 5 the paragraph entitled "Interest" of this Agreement. If Lender so requests at any time, Borrower will immediately execute and deliver to Lender a promissory note in negotiable form payable on demand to Lender's order in a principal amount equal to the amount of the debit balance in Borrower's loan account, with interest as provided in Paragraph 5 of this Agreementthe paragraph entitled "Interest". In any event, Borrower covenants to pay all Advances, debts, accounts and interest when due.

Borrower's Account. Lender may charge to Borrower's loan account at any time the amounts of all Obligations (and interest, if any, thereon) owing by Borrower to Lender, including (without limitation) loans, Advances, debts, liabilities, obligations acquired by purchase, assignment or participation and all other obligations, whenever arising, whether absolute or contingent and whether due or to become due; also the amount of all costs and expenses and all reasonable attorneys' fees and legal expenses incurred in connection with efforts made to enforce payment of such obligations, or to obtain payment of any Receivables, or the foreclosure of any Collateral or in the prosecution or defense of any actions or proceedings relating in any way to this Agreement (including but not limited to bankruptcy or insolvency proceedings) whether or not suit is commenced, including reasonable attorneys' fees and legal expenses incurred in connection with any appeal of a lower court's order or judgment; and also the amounts of all unpaid taxes and the like, owing by Borrower to any governmental authority or required to be deposited by Borrower, which Lender pays or deposits for Borrower's account. All of Borrower's borrowings hereunder and (unless otherwise specified) all other obligations which are chargeable to Borrower's loan account shall be payable ON DEMAND; recourse to security will not be required at any time. All sums at any time standing to Borrower's credit on Lender's books and all of Borrower's property at any time in Lender's possession or upon or in which Lender has a Security Interest, may be held by Lender as security for all obligations which are chargeable to Borrower's loan account. Subject to the foregoing, Lender, at Borrower's request, will remit to Borrower any net balance standing to Borrower's credit on Lender's books. Lender will account to Borrower monthly and each monthly accounting will be fully binding on Borrower, unless, within thirty days thereafter, Borrower gives Lender specific written notice of exceptions. All debit balances in Borrower's loan account will bear interest as provided in Paragraph 5 of this Agreement. If Lender so requests at any time, Borrower will immediately execute and deliver to Lender a promissory note in negotiable form payable on demand to Lender's order in a principal amount equal to the amount of the debit balance in Borrower's loan account, with interest as provided in Paragraph 5 of this Agreement. In any event, Borrower covenants to pay all Advances, debts, accounts and interest when due.