Charge to Accounts. If the Company fails to make any payment of principal, interest, fees, expenses or other Obligations specified or referred to in this Second Restated Credit Agreement or the Loan Documents to the Agent or any Lender when due, the Agent is hereby authorized to make such payments on the Company's behalf by charging any or all of the Cash Collateral Account, and/or the Sinking Fund Accounts and/or drawing a Revolving Loan (which shall be a Base Rate Advance, subject to application of the Default Rate), in the appropriate amount and each such draw shall constitute a Revolving Loan and a Borrowing hereunder and part of the Obligations, secured by all of the Collateral; PROVIDED, HOWEVER, that the Agent will not be obligated to make any such charge or draw. The Agent may, in the Agent's discretion, either (a) so charge the Cash Collateral Account for such amount and/or draw an Advance or (b) require the Company to pay such amount; PROVIDED that if the Company does not pay such amount upon demand therefor by the Agent, such amount shall bear interest at the Default Rate. The Company also does hereby authorize each Lender, if and to the extent payment of any of the Obligations owed to such Lender by the Company is not made when due hereunder, to charge any amount so due from time to time against any or all accounts of any or all of the Company with such Lender.
Charge to Accounts. If Bank of America is unable to debit the account, if any, specified on the Application, Applicant authorizes Bank of America to charge any of Applicant’s accounts with Bank of America, or any affiliate of Bank of America, for all amounts then due and payable to Bank of America under this Application and Agreement.
Charge to Accounts. If the Bank is unable to debit the account, if any, specified on the Application, Applicant authorizes the Bank to charge any of Applicant’s accounts with the Bank, or any affiliate of the Bank, for all amounts then due and payable to the Bank under this Application and Agreement. 5.
Charge to Accounts. 1 2.13.5 Failure to Make Payments by Company....................................................1 2.14 Taxes...........................................................................................1 2.15
Charge to Accounts. The Borrower hereby irrevocably authorizes the Bank, if and to the extent payment of any installment of principal and/or interest on the Notes or any fees or other amounts from time to time due hereunder is not promptly made, to charge against the Borrower's account(s) with the Bank an amount equal to the accrued principal, interest, fees and such other amounts from time to time due and payable to the Bank under the Note or hereunder.
Charge to Accounts. 16- 2.4. Taxes and Levies. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -16- 2.5. Payment of the Term Loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -16- 2.5.1. Mandatory Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -16- 2.5.2. Prepayments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -17- 3. Collateral. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -17- 3.1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -18- 3.2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -18- 3.3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -18- 4. Representations and Warranties. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -18- 4.1. Organization. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -18- 4.2. Recent Adverse Changes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -19- 4.3. Title. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -19- 4.4. Litigation, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -19- 4.5. Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -19- 4.6. Authority. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -20- 4.7. Other Defaults. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -20- - v - 7 TABLE OF CONTENTS (continued)
Charge to Accounts. The Borrowers hereby authorize the Administrative Agent to charge any of the Obligations due from time to time against any of the Borrowers' accounts with any of the Lenders.
Charge to Accounts. Lender is hereby authorized to make any payment of principal, interest, fees, expenses or other Obligations specified or referred to in this Agreement or the Loan Documents to Lender when due, on Borrower's behalf by charging any Corporate Checking Account, and/or drawing a Non-Revolving Loan, in the appropriate amount and each such draw will constitute a Non-Revolving Loan and a Borrowing hereunder and part of the Obligations, secured by all of the Collateral; provided, however, that Lender will not be obligated to make any such charge or draw. Lender may, in Lender's discretion, either (a) so charge the Corporate Checking Account for such amount and/or draw an Advance or (b) require Borrower to pay such amount; provided that if -------- Borrower does not pay such amount upon demand therefor by Lender, such amount will bear interest at the Default Rate. Borrower also does hereby authorize Lender, if and to the extent payment of any of the Obligations owed such by Borrower is not made when due hereunder, to charge any amount so due from time to time against any or all accounts of Borrower with Lender. Lender shall provide the applicable Borrower with 5 days prior Notice of any payment or charge to be made pursuant to this Section 2.12.4. --------------
Charge to Accounts. Any amount distributed, paid or withdrawn from an Account will be charged against such Account as of the day on which the distribution, payment or withdrawal occurs.
Charge to Accounts. 55 2.13.5 FAILURE TO MAKE PAYMENTS BY COMPANY..................... 55 2.14 TAXES............................................................ 55
