Common use of COLLECTION AND ADMINISTRATION Clause in Contracts

COLLECTION AND ADMINISTRATION. 6.1 BORROWER'S LOAN ACCOUNT. Lender shall maintain one or more loan account(s) on its books in which shall be recorded (a) all Loans, Letter of Credit Accommodations and other Obligations and the Collateral, (b) all payments made by or on behalf of Borrower and (c) all other appropriate debits and credits as provided in this Agreement, including, without limitation, fees, charges, costs, expenses and interest. All entries in the loan account(s) shall be made in accordance with Lender's customary practices as in effect from time to time.

Appears in 1 contract

Samples: Loan and Security Agreement (Cerplex Group Inc/De)

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COLLECTION AND ADMINISTRATION. 6.1 6.1. BORROWER'S LOAN ACCOUNT. Lender shall maintain one or more loan account(s) on its books in which shall be recorded (a) all Loans, Letter of Credit Accommodations and other Obligations and the Collateral, (b) all payments made by or on behalf of Borrower and (c) all other appropriate debits and credits as provided in this Agreement, including, without limitation, fees, charges, costs, expenses and interest. All entries in the loan account(s) shall be made in accordance with Lender's customary practices as in effect from time to time.

Appears in 1 contract

Samples: Loan and Security Agreement (Chiquita Brands International Inc)

COLLECTION AND ADMINISTRATION. 6.1 BORROWER'S BORROWERS' LOAN ACCOUNT. Lender shall maintain one or more loan ----------------------- account(s) on its books in which shall be recorded (a) all Loans, Letter of Credit Accommodations Loans and other Obligations and the Collateral, (b) all payments made by or on behalf of Borrower Borrowers and (c) all other appropriate debits and credits as provided in this Agreement, including, without limitation, fees, charges, costs, expenses and interest. All entries in the loan account(s) shall be made in accordance with Lender's customary practices as in effect from time to time.

Appears in 1 contract

Samples: Loan and Security Agreement (Cybex International Inc)

COLLECTION AND ADMINISTRATION. 6.1 BORROWER'S BORROWERS' LOAN ACCOUNTACCOUNTS. Lender shall maintain one or more loan account(s) on its books in which shall be recorded (a) all Loans, Letter of Credit Accommodations and other Obligations and the Collateral, (b) all payments made by or on behalf of Borrower Borrowers and (c) all other appropriate debits and credits as provided in this Agreement, including, without limitation, fees, charges, costs, expenses and interest. All entries in the loan account(s) shall be made in accordance with Lender's customary practices as in effect from time to time.

Appears in 1 contract

Samples: Loan and Security Agreement (Waxman Industries Inc)

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COLLECTION AND ADMINISTRATION. 6.1 3.0. BORROWER'S LOAN ACCOUNT. Lender shall maintain one or more loan account(s) on its books in which shall be recorded (a) all Loans, Letter of Credit Accommodations and other Obligations and the Collateral, (b) all payments made by or on behalf of Borrower and (c) all other appropriate debits and credits as provided in this Agreement, including, without limitation, fees, charges, costs, expenses and interest. All entries in the loan account(s) shall be made in accordance with Lender's customary practices as in effect from time to time.

Appears in 1 contract

Samples: Loan and Security Agreement (Planet Entertainment Corp)

COLLECTION AND ADMINISTRATION. 6.1 BORROWER'S 6.1. BORROWERS' LOAN ACCOUNT. Lender shall maintain one or more loan account(s) on its books in which shall be recorded (a) all Loans, Letter of Credit Accommodations and other Obligations and the Collateral, (b) all payments made by or on behalf of Borrower Borrowers and (c) all other appropriate debits and credits as provided in this Agreement, including, without limitation, fees, charges, costs, expenses and interest. All entries in the loan account(s) shall be made in accordance with Lender's customary practices as in effect from time to time.

Appears in 1 contract

Samples: Loan and Security Agreement (Grossmans Inc)

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