Common use of CHARGING OF INTEREST AND FEES Clause in Contracts

CHARGING OF INTEREST AND FEES. Accrued and unpaid interest on any Borrowings (and any outstanding fees described in Section 2.2.2) may, when due and payable, be paid, at Lender's option (without any obligation to do so), either (i) by Lender's charging the Line of Credit for an Advance in the amount thereof; or (ii) by Lender's debiting any deposit account constituting Balances Collateral for the amount thereof; but, notwithstanding the foregoing, Borrower shall be and remain responsible for the payment of such sums.

CHARGING OF INTEREST AND FEES. Accrued and unpaid interest on any Borrowings (and any outstanding fees described in Section 2.2.2) may, when due and payable, be paid, at Lender's option (without any obligation to do so), either (i) by Lender's charging the Line of Credit for an Advance in the amount thereof; or (ii) by Lender's debiting any deposit account constituting Balances Collateral of Borrower for the amount thereof; but, notwithstanding the foregoing, Borrower shall be and remain responsible for the payment of such sums.

CHARGING OF INTEREST AND FEES. Accrued and unpaid interest on any Borrowings (and any outstanding fees described in Section 2.2.2) may, if not paid when due and payable, be paid, at Lender's option (without any obligation to do so), either (i) by Lender's charging the Line of Credit for an Advance in the amount thereof; or (ii) by Lender's debiting any deposit account constituting Balances Collateral for the amount thereof; but, notwithstanding the foregoing, Borrower shall be and remain responsible for the payment of such sums.

CHARGING OF INTEREST AND FEES. Accrued and unpaid interest on any Borrowings (and any outstanding fees described in Section 2.2.2) may, when due and payable, be paid, at Lenderthe Bank's option (without any obligation to do so), either (i) by Lenderthe Bank's charging the Line of Credit for an Advance in the amount thereof; or (ii) by Lenderthe Bank's debiting any deposit account constituting Balances Collateral for the amount thereof; but, notwithstanding the foregoing, Borrower the Company shall be and remain responsible for the payment of such sums.