Common use of Charge to Accounts Clause in Contracts

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 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 Account 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; PROVIDEDprovided, HOWEVERhowever, 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 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 the Company fails to make any payment of principal, interest, fees, expenses or other Obligations specified or referred to in this Second Third 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 Account 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 the Company fails to make any payment of principal, interest, fees, expenses or other Obligations specified or referred to in this Second Fourth 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 Account 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.