Common use of CHARGING BORROWER'S ACCOUNTS Clause in Contracts

CHARGING BORROWER'S ACCOUNTS. In respect of all Obligations the Borrower hereby irrevocably authorizes and instructs the Lender to withdraw from or debit, from time to time when such Obligations are due and payable, any account of the Borrower with the Lender for the purpose of satisfying payment thereof. Without limiting the generality of the foregoing, the Borrower hereby authorizes the Lender, if and to the extent that any payment owed to the Lender by the Borrower in respect of such Obligations is not made when due hereunder, to charge from time to time against any or all of the Borrower's accounts with the Lender, including without limitation the Borrower's Accounts, the full amount of the payment so due.

Appears in 3 contracts

Samples: Credit Agreement (Hub International LTD), Non Revolving Credit Agreement (Hub International LTD), Credit Agreement (Hub International LTD)

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CHARGING BORROWER'S ACCOUNTS. In respect of all Obligations the Borrower hereby irrevocably authorizes and instructs the Lender to withdraw from or debit, from time to time when such Obligations are due and payable, any account of the Borrower with the Lender for the purpose of satisfying payment thereof. Without limiting the generality of the foregoing, the Borrower hereby authorizes the Lender, if and to the extent that any payment owed to the Lender by the Borrower in respect of such Obligations is not made when due hereunder, to charge from time to time against any or all of the Borrower's ’s accounts with the Lender, including without limitation the Borrower's ’s Accounts, the full amount of the payment so due.

Appears in 1 contract

Samples: Credit Agreement (Hub International LTD)

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