Common use of Debit of Accounts; Payments Clause in Contracts

Debit of Accounts; Payments. All payments on the Secured Promissory Note shall be made via automated clearing house transfers of immediately available funds to be initiated by Lxxxxx in accordance with the authorization and direction of Borrower to Lead Lender provided in Exhibit B-6 of this Agreement.

Appears in 4 contracts

Samples: Business Loan and Security Agreement (Biofrontera Inc.), Business Loan and Security Agreement (Biofrontera Inc.), Confessed Judgment Guaranty Agreement (Amphitrite Digital Inc)

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Debit of Accounts; Payments. All payments on the Subordinated Secured Promissory Note shall be made via automated clearing house transfers of immediately available funds to be initiated by Lxxxxx in accordance with the authorization and direction of Borrower to Lead Lender provided in Exhibit B-6 of this Agreement.

Appears in 2 contracts

Samples: Subordinated Business Loan and Security Agreement (American Rebel Holdings Inc), Subordinated Business Loan and Security Agreement (Blue Star Foods Corp.)

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