Common use of Day Payout Clause in Contracts

Day Payout. During the term of the Note, Borrower agrees to pay down the outstanding balance to a maximum of $100.00 for 45 consecutive days annually. If Borrower subscribes to Bank's cash management services and such services are applicable to this line of credit, the terms of such service shall control the manner in which funds are transferred between the applicable demand deposit account and the line of credit for credit or debit to the line of credit.

Appears in 2 contracts

Samples: Loan Agreement (Bluegreen Corp), Loan Agreement (Bluegreen Corp)

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Day Payout. During the term of the Note, Borrower Xxxxxxxx agrees to pay down the outstanding balance to a maximum of $100.00 for 45 30 consecutive days annually. If Borrower subscribes to Bank's cash management services and such services are applicable to this line of credit, the terms of such service shall control the manner in which funds are transferred between the applicable demand deposit account and the line of credit for credit or debit to the line of credit.

Appears in 2 contracts

Samples: Promissory Note (Eresearchtechnology Inc /De/), Promissory Note (Eresearchtechnology Inc /De/)

Day Payout. During the term of the Note, Borrower agrees to pay down the outstanding balance to a maximum of $100.00 for 45 30 consecutive days annually. If Borrower subscribes to Bank's cash management services and such services are applicable to this line of credit, . the terms of such service shall control the manner in which funds are transferred between the applicable demand deposit account and the line of credit for credit or debit to the line of credit.

Appears in 1 contract

Samples: Loan Agreement (Ibs Interactive Inc)

Day Payout. During the term of the Note, Borrower agrees to pay down the outstanding balance to a maximum of $100.00 for 45 30 consecutive days annually. If Borrower subscribes to Bank's ’s cash management services and such services are applicable to this line of credit, the terms of such service shall control the manner in which funds are transferred between the applicable demand deposit account and the line of credit for credit or debit to the line of credit.

Appears in 1 contract

Samples: Loan Agreement (Gulfstream International Group Inc)

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Day Payout. During the term of the Note, Borrower Xxxxxxxx agrees to pay down the outstanding balance to a maximum of $100.00 0.00 for 45 30 consecutive days annually. If Borrower subscribes to Bank's ’s cash management services and such services are applicable to this line of credit, the terms of such service shall control the manner in which funds are transferred between the applicable demand deposit account and the line of credit for credit or debit to the line of credit.

Appears in 1 contract

Samples: Promissory Note (Eresearchtechnology Inc /De/)

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