Borrower’s Payment. When any Overadvance or other amount owing to Lender becomes due, Lender shall inform Borrower of the manner of payment which may be any one or more of the following in Lender's sole discretion: (a) in cash immediately upon demand therefor; (b) by deduction from or offset against the amount that otherwise would be forwarded to Borrower in respect of any further Advances that may be made by Lender; or (c) by any combination of the foregoing as Lender may from time to time choose.
Appears in 2 contracts
Samples: Business Financing Agreement (Alpha Innotech Corp), Business Financing Agreement (Teknowledge Corp)
Borrower’s Payment. When any Overadvance or other amount owing to Lender becomes due, Lender shall inform Borrower of the manner of payment which may be any one or more of the following in Lender's ’s sole discretion: (a) in cash immediately upon demand therefor; (b) by deduction from or offset against the amount that otherwise would be forwarded to Borrower in respect of any further Revolving Advances that may be made by Lender; or (c) by any combination of the foregoing as Lender may from time to time choose.
Appears in 2 contracts
Samples: Business Financing Agreement (E2open Inc), Business Financing Agreement (Kana Software Inc)
Borrower’s Payment. When any Overadvance or other amount owing to Lender becomes due, Lender shall inform Borrower of the manner of payment which may be any one or more of the following in Lender's Lenders sole discretion: (a) in cash immediately upon demand therefor; , (b) by deduction from or offset against the amount that otherwise would be forwarded to Borrower in respect of any further Revolving Advances that may be made by Lender; , or (c) by any combination of the foregoing as Lender may from time to time choose.
Appears in 2 contracts
Samples: Business Financing Agreement, Business Financing Agreement (E2open Inc)
Borrower’s Payment. When any Overadvance or other amount owing to Lender becomes due, Lender shall inform Borrower of the manner of payment which may be any one or more of the following in Lender's ’s sole discretion: (a) in cash immediately upon demand therefor; (b) by deduction from or offset against the amount that otherwise would be forwarded to Borrower in respect of any further Advances that may be made by Lender; or (c) by any combination of the foregoing as Lender may from time to time choose.
Appears in 2 contracts
Samples: Business Financing Agreement (Implant Sciences Corp), Business Financing Agreement (Caneum Inc)
Borrower’s Payment. When any Overadvance or other amount owing to Lender becomes due, Lender shall inform Borrower of the manner of payment which may be any one or more of the following in Lender's sole discretion: (a) in cash immediately upon demand therefor; (b) by deduction from or offset against the amount that otherwise would be forwarded to Borrower in respect of any further Revolving Advances that may be made by Lender; or (c) by any combination of the foregoing as Lender may from time to time choose.
Appears in 2 contracts
Samples: Business Financing Agreement (Ion Networks Inc), Loan and Security Agreement (Telanetix,Inc)
Borrower’s Payment. When any Overadvance or other amount owing to Lender becomes due, Lender shall inform Borrower of the manner of payment which may be any one or more of the following in Lender's sole discretion: (a) in cash immediately upon demand therefor; (b) by deduction from or offset against the amount that otherwise would be forwarded to Borrower in respect of any further Advances that may be made by Lender; (c) by debiting any deposit account maintained by Borrower with Lender or (cd) by any combination of the foregoing as Lender may from time to time choose.
Appears in 1 contract
Samples: Business Financing Agreement (Southwall Technologies Inc /De/)
