Common use of Collection of Payments Clause in Contracts

Collection of Payments. Borrower authorizes Bank to collect all interest and fees due under each credit subject hereto by charging Borrower’s deposit account number with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (S&W Seed Co)

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Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit subject hereto the Line of Credit by charging debiting Borrower’s deposit account number *** with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Pfenex Inc.)

Collection of Payments. Borrower authorizes Bank to collect all principal and interest and fees due under each credit subject hereto by charging Borrower’s deposit account number 4169-538501 with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Pro Dex Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit subject hereto this Agreement by charging Borrower’s deposit account number with Bank[ ], or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Nimble Storage Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit subject hereto by charging Borrower’s deposit account number xxxxxxxxxx with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Tanox Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit subject hereto by charging Borrower’s 's deposit account number (number omitted) with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Keith Companies Inc)

Collection of Payments. Borrower authorizes Bank to collect all interest and fees due under each credit subject hereto the Line of Credit by charging Borrower’s 's demand deposit account number _______________ with Bank, or any other demand deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (HNC Software Inc/De)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit subject hereto by charging debiting Borrower’s deposit account number 4121758262 with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Impac Mortgage Holdings Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit subject hereto by charging either (i) Borrower’s 's deposit account number 3846732703 with Bank, (ii) the Dividend Account, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Loan Agreement (Coors John K)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit subject hereto by charging Borrower’s deposit account number ______________ with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Flexsteel Industries Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit subject hereto by charging Borrower’s deposit account number with Bank, or any other deposit account maintained by Borrower with Bank, Bank for the full amount thereof; provided that interest payments and unused fees will be invoiced before Bank charges any such account. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Skullcandy, Inc.)

Collection of Payments. Borrower authorizes Bank to collect all interest and fees due under each credit subject hereto Credit by charging Borrower’s 's demand deposit account number ___________ with Bank, or any other demand deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Natural Wonders Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit subject hereto this Agreement by charging Borrower’s 's deposit account number with Bank_____________, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Surmodics Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit subject hereto by charging Borrower’s 's primary deposit account number with Bank, as designated by the Borrower, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Horsehead Holding Corp)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit subject hereto by charging debiting Borrower’s deposit account number 4159624063 with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Corvel Corp)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit subject hereto by charging Borrower’s 's deposit account number 0000000000 with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Sportsmans Guide Inc)

Collection of Payments. Borrower authorizes Bank to collect all interest and fees due under each credit subject hereto Line of Credit by charging Borrower’s 's deposit account number 4121391288 with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Ambassadors Group Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit subject hereto the Line of Credit by charging Borrower’s 's deposit account number with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Cray Inc)

Collection of Payments. Borrower authorizes Bank to collect all interest and fees due under each credit subject hereto by charging Borrower’s deposit account number 4121-618235 with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Willdan Group, Inc.)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit subject hereto by charging Borrower’s deposit account number [ * ] with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Cerus Corp)

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Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit subject hereto by charging Borrower’s 's deposit account number 4171301062 with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Tile Shop Holdings, Inc.)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit subject hereto by charging Borrower’s 's deposit account number 4000000000 with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Englobal Corp)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit subject hereto by charging Borrower’s 's deposit account number 4121052344 with Bank, or any other deposit account maintained by Borrower with Bank (other than any financial aid trust account maintained by Borrower with Bank), for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Universal Technical Institute Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit subject hereto by charging Borrower’s 's deposit account number 4050003334 with Bank, Bank or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account accounts to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Red Lion Hotels CORP)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit subject hereto the Line of Credit by charging Borrower’s deposit account number 4945088771 with Bank, or any other deposit account maintained by Borrower with Bankwith, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Renaissance Learning Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees whenever due under each credit subject hereto the Line of Credit by charging Borrower’s deposit account number with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Expeditors International of Washington Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit subject hereto by charging Borrower’s 's deposit account number 415-9624063 with Bank, or any other deposit account maintained by Borrower with Borrowxx xxxx Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Corvel Corp)

Collection of Payments. Borrower authorizes Bank to collect all interest and fees due under each credit subject hereto by charging Borrower’s deposit account number with Bank, account number listed under the heading Section 1.3 on Schedule A hereto, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Cray Inc)

Collection of Payments. Borrower authorizes Bank to collect all interest and fees due under each credit subject hereto by charging Borrower’s deposit account number 4121228985 with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Orion Energy Systems, Inc.)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit subject hereto by charging debiting Borrower’s deposit account number with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Tejon Ranch Co)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit subject hereto by charging debiting Borrower’s deposit account number ______________ with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (EnviroStar, Inc.)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit subject hereto by charging Borrower’s debiting any deposit account number of Borrower maintained with Bank, or any other deposit account maintained by Borrower with Bank, Bank for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Power Integrations Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit subject hereto by charging Borrower’s deposit account number XXXXX with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (SJW Corp)

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