Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 200 contracts
Samples: Loan and Security Agreement (Root, Inc.), Loan and Security Agreement (Root Stockholdings, Inc.), Loan and Security Agreement
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, accounts for principal and interest payments or any other amounts Borrower owes Bank hereunder. Bank shall promptly notify Borrower when dueit debits Borrower’s accounts. These debits shall not constitute a set-off.
Appears in 62 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Forescout Technologies, Inc), Loan and Security Agreement (Tintri, Inc.)
Debit of Accounts. Bank may debit any of Borrower’s 's deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 16 contracts
Samples: Loan and Security Agreement (Lantronix Inc), Loan and Security Agreement (Lantronix Inc), Loan and Security Agreement (Cardionet Inc)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments when due, or any other amounts Borrower owes Bank Bank, when due. Bank shall promptly notify Borrower after it debits Borrower’s accounts. These debits shall not constitute a set-off.
Appears in 13 contracts
Samples: Loan and Security Agreement (Radisys Corp), Loan and Security Agreement (Mindspeed Technologies, Inc), Loan and Security Agreement (Mindspeed Technologies, Inc)
Debit of Accounts. Bank may debit any of Borrower’s Borrowers’ deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Borrowers owe Bank when due. These debits shall not constitute a set-off.
Appears in 11 contracts
Samples: Loan and Security Agreement (TrueCar, Inc.), Loan and Security Agreement (GOOD TECHNOLOGY Corp), Loan and Security Agreement (GOOD TECHNOLOGY Corp)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, accounts for principal and interest payments or any other amounts Borrower owes Bank when duehereunder. These debits shall not constitute a set-off.
Appears in 10 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (GigPeak, Inc.), Loan and Security Agreement (Vericel Corp)
Debit of Accounts. Bank may debit any of Borrower’s 's deposit accounts, including the Designated Deposit Account, accounts for principal and interest payments or any other amounts Borrower owes Bank hereunder. Bank shall promptly notify Borrower when dueit debits Borrower's accounts. These debits shall not constitute a set-off.
Appears in 8 contracts
Samples: Loan and Security Agreement (A123 Systems Inc), Export Import Bank Loan and Security Agreement (Socket Mobile, Inc.), Loan and Security Agreement (Socket Mobile, Inc.)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 7 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Yodle Inc), Loan and Security Agreement (Imprivata Inc)
Debit of Accounts. Bank may debit any of Borrower’s 's deposit accounts, including the Designated Deposit AccountAccount Number __________, for principal and interest payments when due, or any other amounts Borrower owes Bank Bank, when due. Bank shall promptly notify Borrower after it debits Borrower's accounts. These debits shall not constitute a set-off.
Appears in 4 contracts
Samples: Loan and Security Agreement (Skillsoft Public Limited Co), Loan and Security Agreement (Skillsoft Public Limited Co), Loan and Security Agreement (Skillsoft Public Limited Co)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank under the Loan Documents when due. These debits shall not constitute a set-off.
Appears in 4 contracts
Samples: Loan and Security Agreement (Mavenir Systems Inc), Loan and Security Agreement (Infinity Oil & Gas Co), Senior Loan and Security Agreement (Mavenir Systems Inc)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, Account for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 4 contracts
Samples: Loan and Security Agreement (Fate Therapeutics Inc), Loan and Security Agreement (Fate Therapeutics Inc), Loan and Security Agreement (Eloqua, Inc.)
Debit of Accounts. Bank may debit any of Borrower’s Borrowers’ deposit accounts, including the Designated Deposit Account, accounts for principal and interest payments or any other amounts Borrower owes Borrowers owe Bank hereunder, as and when due. Bank shall promptly notify Borrowers when it debits Borrowers’ accounts. These debits shall not constitute a set-off.
Appears in 3 contracts
Samples: Loan and Security Agreement (Global Telecom & Technology, Inc.), Loan and Security Agreement (Global Telecom & Technology, Inc.), Loan and Security Agreement (Global Telecom & Technology, Inc.)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off. The provisions of the previous sentence shall not apply to deposit accounts designated as, and exclusively used for, payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of Borrower’s employees.
Appears in 3 contracts
Samples: Loan and Security Agreement (Axcelis Technologies Inc), Export Import Loan and Security Agreement (Axcelis Technologies Inc), Loan and Security Agreement (Axcelis Technologies Inc)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for (i) principal and interest payments payments, when due, or (ii) any other amounts Borrower owes Bank Bank, when due. These debits shall not constitute a set-off.
Appears in 3 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Zhone Technologies Inc), Loan and Security Agreement (Zhone Technologies Inc)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or or, after notice to Borrower, any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 3 contracts
Samples: Loan and Security Agreement (Mattersight Corp), Loan and Security Agreement (Mattersight Corp), Loan and Security Agreement (Mattersight Corp)
Debit of Accounts. For each Term Loan Payment, Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 3 contracts
Samples: Loan and Security Agreement (Airgain Inc), Loan and Security Agreement (Airgain Inc), Loan and Security Agreement (Axesstel Inc)
Debit of Accounts. Bank may debit any of Borrower’s 's deposit accounts, including the Designated Deposit Account, for principal and interest payments when due, or any other amounts Borrower owes Bank Bank, when due. Bank shall promptly notify Borrower after it debits Borrower's accounts. These debits shall not constitute a set-off.
Appears in 3 contracts
Samples: Loan and Security Agreement (Radisys Corp), Loan Agreement (I Flow Corp /De/), Loan and Security Agreement (Commvault Systems Inc)
Debit of Accounts. Bank Any Lender may debit any of Borrower’s deposit accountsDeposit Accounts, including the Designated Deposit Account, for principal and interest payments when due or any other amounts Borrower owes Bank the Lenders under the Loan Documents when due. These debits shall not constitute a set-off.
Appears in 3 contracts
Samples: Loan and Security Agreement (Furiex Pharmaceuticals, Inc.), Loan and Security Agreement (AxoGen, Inc.), Loan and Security Agreement (Epicept Corp)
Debit of Accounts. Bank Lenders may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments when due or any other amounts Borrower owes Bank the Lenders under the Loan Documents when due. These debits shall not constitute a set-off.
Appears in 3 contracts
Samples: Loan and Security Agreement (Nupathe Inc.), Loan and Security Agreement (Biolase Technology Inc), Loan and Security Agreement (Nupathe Inc.)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off. Bank will first debit the Designated Deposit Account and will debit alternate accounts in the event Designated Deposit Account balances are insufficient to satisfy the amounts Borrower owes Bank when due. Bank will notify Borrower when alternate accounts are debited.
Appears in 3 contracts
Samples: Loan and Security Agreement (Global Telecom & Technology, Inc.), Loan and Security Agreement (Global Telecom & Technology, Inc.), Loan and Security Agreement (Global Telecom & Technology, Inc.)
Debit of Accounts. Bank may debit any of any Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts any Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 3 contracts
Samples: Loan and Security Agreement (Sunrise Telecom Inc), Loan and Security Agreement (Xata Corp /Mn/), Loan and Security Agreement (Luna Innovations Inc)
Debit of Accounts. Bank may automatically debit any of Borrower’s Borrowers’ deposit accounts, including the Designated Deposit Account, for principal and interest payments or when due and for any other amounts Borrower owes Borrowers owe Bank when dueoverdue. These debits shall not constitute a set-off.
Appears in 3 contracts
Samples: Loan and Security Agreement (Ultra Clean Holdings Inc), Loan and Security Agreement (Ultra Clean Holdings Inc), Loan and Security Agreement (Ultra Clean Holdings Inc)
Debit of Accounts. Bank Lenders may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments when due, or any other amounts Borrower owes Bank Lenders under the Loan Documents, when due. These debits shall not constitute a set-off.
Appears in 2 contracts
Samples: Loan and Security Agreement (Peregrine Pharmaceuticals Inc), Loan and Security Agreement (Peregrine Pharmaceuticals Inc)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or or, following any cure period provided in Section 8.1, any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 2 contracts
Samples: Loan and Security Agreement (TRIA Beauty, Inc.), Loan and Security Agreement (TRIA Beauty, Inc.)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 2 contracts
Samples: Loan and Security Agreement (Alvarion LTD), Loan and Security Agreement (Alvarion LTD)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 2 contracts
Samples: Loan and Security Agreement (Yodlee Inc), Loan and Security Agreement (Yodlee Inc)
Debit of Accounts. Bank Each Lender may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank such Lender under the Loan Documents when due. These debits shall constitute a loan payment and not constitute the exercise of a right of set-off.
Appears in 2 contracts
Samples: Loan and Security Agreement (PTC Therapeutics, Inc.), Loan and Security Agreement (PTC Therapeutics, Inc.)
Debit of Accounts. Bank may debit debit, first the Designated Deposit Account, and if insufficient funds are in the Designated Deposit Account, then any of Borrower’s deposit accounts, including the Designated Deposit Account, accounts for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 2 contracts
Samples: Loan and Security Agreement (Evoke Pharma Inc), Loan and Security Agreement (Evoke Pharma Inc)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account (and if insufficient funds are in the Designated Deposit Account, then any of Borrower’s other deposit accounts) for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 2 contracts
Samples: Loan and Security Agreement (Marketo, Inc.), Loan and Security Agreement (Marketo, Inc.)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, accounts including the Designated Deposit Account, Account Number for principal and interest payments or any other amounts Borrower owes Bank. Bank shall promptly notify Borrower when dueit debits Borrower’s accounts. These debits shall are not constitute a set-off.
Appears in 2 contracts
Samples: Loan and Security Agreement (American Science & Engineering Inc), Loan and Security Agreement (NMS Communications Corp)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, Account for principal and interest payments or any other amounts Borrower owes Bank hereunder when due. These debits shall not constitute a set-off.
Appears in 2 contracts
Samples: Loan and Security Agreement (Enernoc Inc), Loan and Security Agreement (Enernoc Inc)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-offoff but shall be credited against Obligations due and payable.
Appears in 2 contracts
Samples: Loan and Security Agreement (Tremor Video Inc.), Loan and Security Agreement (Tremor Video Inc.)
Debit of Accounts. Bank may debit any of either Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Borrowers owe Bank when due. These debits shall not constitute a set-off.
Appears in 2 contracts
Samples: Loan and Security Agreement (BigBand Networks, Inc.), Loan and Security Agreement (Relm Wireless Corp)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due; provided that Bank first debit the Designated Deposit Account to the extent funds are available prior to debiting any of Borrower’s other deposit accounts at Bank. These debits shall not constitute a set-off.
Appears in 2 contracts
Samples: Loan and Security Agreement (Sajan Inc), Loan and Security Agreement (Sajan Inc)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, or operating accounts for principal and interest payments when due, or any other amounts Borrower owes to Bank when dueshall promptly notify Borrower after it debits Borrower’s accounts. These debits shall not constitute a set-set off.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement (Mimecast LTD)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank hereunder when due. Bank shall promptly notify Borrower of such debits. These debits shall not constitute a set-off.
Appears in 2 contracts
Samples: Mezzanine Loan and Security Agreement (Xactly Corp), Loan and Security Agreement (Xactly Corp)
Debit of Accounts. Bank may debit any of Borrower’s Borrowers’ deposit accounts, including the Designated Deposit AccountAccounts, for principal and interest payments or any other amounts Borrower owes Borrowers owe Bank when due. These debits shall not constitute a set-off.
Appears in 2 contracts
Samples: Loan and Security Agreement (Sciclone Pharmaceuticals Inc), Loan and Security Agreement (Sciclone Pharmaceuticals Inc)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, accounts held at Bank for principal and interest payments or any other amounts Borrower owes Bank hereunder. Bank shall promptly notify Borrower when dueit debits Borrower’s accounts. These debits shall not constitute a set-off.
Appears in 2 contracts
Samples: Loan and Security Agreement (Conexant Systems Inc), Loan and Security Agreement (Conexant Systems Inc)
Debit of Accounts. Bank may debit any of Borrower’s deposit accountsaccounts excluding the HRP Account, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 2 contracts
Samples: Loan and Security Agreement (BG Medicine, Inc.), Loan and Security Agreement (BG Medicine, Inc.)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when duedue under the Loan Documents. These debits shall not constitute a set-off.
Appears in 2 contracts
Samples: Subordinated Loan and Security Agreement (Mavenir Systems Inc), Subordinated Loan and Security Agreement (Mavenir Systems Inc)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off. Bank will provide notice of the foregoing in accordance with its ordinary course delivery of its loan account statements to Borrower.
Appears in 2 contracts
Samples: Loan and Security Agreement (Ceres, Inc.), Loan and Security Agreement (Ceres, Inc.)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due, including, without limitation, any amounts due under subsections (e) and (f) of this Section. These debits shall not constitute a set-off.
Appears in 2 contracts
Samples: Loan and Security Agreement (Corium International, Inc.), Loan and Security Agreement (Corium International, Inc.)
Debit of Accounts. Bank may debit shall debit, first, the Designated Deposit Account, and if insufficient funds are in the Designated Deposit Account, then any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 2 contracts
Samples: Loan and Security Agreement (Airgain Inc), Loan and Security Agreement (Airgain Inc)
Debit of Accounts. Bank may debit from any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest accounts payments or any other amounts Borrower owes Bank hereunder. Bank shall promptly notify Borrower when dueit debits Borrower’s accounts. These debits shall are not constitute a set-off.
Appears in 2 contracts
Samples: Ar Financing Loan Agreement (Netlogic Microsystems Inc), Ar Financing Loan Agreement (Netlogic Microsystems Inc)
Debit of Accounts. Bank Bank, for the benefit of the Bank, may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 2 contracts
Samples: Loan and Security Agreement (Advanced BioHealing Inc), Loan and Security Agreement (Advanced BioHealing Inc)
Debit of Accounts. Bank Lenders may debit any of Borrower’s deposit accounts, including the Designated Deposit AccountAccount as authorized on the ACH Authorization, for principal and interest payments when due or any other amounts Borrower owes Bank the Lenders under the Loan Documents when due. These debits shall not constitute a set-off.
Appears in 2 contracts
Samples: Loan and Security Agreement (Nupathe Inc.), Loan and Security Agreement (Nupathe Inc.)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, accounts for principal and interest payments or any other amounts Borrower owes Bank hereunder. Bank shall promptly notify Borrower when dueit debits Borrower’s accounts, other than for payments of principal, interest, Finance Charges or Unused Line Fees. These debits shall not constitute a set-off.
Appears in 2 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Alimera Sciences Inc)
Debit of Accounts. Bank may debit any of Borrower’s Borrowers’ deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 2 contracts
Samples: Loan and Security Agreement (Channeladvisor Corp), Loan and Security Agreement (Channeladvisor Corp)
Debit of Accounts. Bank Lender may debit any of Borrower’s 's deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank Lender under the Loan Documents when due. These debits shall not constitute a set-off.
Appears in 1 contract
Samples: Loan and Security Agreement (Metabasis Therapeutics Inc)
Debit of Accounts. Bank may debit any of Borrower’s deposit accountsDeposit Accounts maintained with Bank (other than Deposit Accounts exclusively used for payroll, including payroll taxes and other employee wage and benefit payments to or for the Designated Deposit Account, benefit of Borrower’s employees) for principal and interest payments or any other amounts Borrower owes Bank when duedue or declared due in accordance with the terms hereof. These debits shall not constitute a set-off.
Appears in 1 contract
Samples: Loan and Security Agreement (Mobivity Holdings Corp.)
Debit of Accounts. To the extent there are sufficient funds available, Bank may shall debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 1 contract
Debit of Accounts. Bank may debit any of Borrower’s deposit accountsaccounts (other than accounts designated solely for, including the Designated Deposit Accountand used exclusively for, payroll) for principal and interest payments or any other amounts Borrower owes Bank when duehereunder. These debits shall not constitute a set-off.
Appears in 1 contract
Samples: Loan Agreement (Plug Power Inc)
Debit of Accounts. In accordance with Section 9.4, Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 1 contract
Debit of Accounts. Bank may debit any of Borrower’s 's deposit accounts, accounts including the Designated Deposit Account, Account Number __________ for principal and interest payments when due, or any other amounts Borrower owes Bank, after written notice thereof. Bank shall promptly notify Borrower when dueit debits Borrower's accounts. These debits shall not constitute a set-off.
Appears in 1 contract
Samples: Loan Agreement (Applix Inc /Ma/)
Debit of Accounts. Bank may debit any of Borrower’s deposit or operating accounts, including the Designated Deposit AccountAccount Number [ ], for principal and interest payments when due, or any other amounts Borrower owes Bank Bank, when due. Bank shall promptly notify Borrower after it debits Borrower’s accounts. These debits shall not constitute a set-off.
Appears in 1 contract
Debit of Accounts. Bank may debit any of Borrower’s Borrowers’ deposit accounts, including the Designated Deposit Account, for principal and interest payments when due, or any other amounts Borrower owes Bank Borrowers owe Bank, when due. Bank shall promptly notify Borrowers after it debits Borrowers’ accounts. These debits shall not constitute a set-off.
Appears in 1 contract
Samples: Loan and Security Agreement (Covad Communications Group Inc)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank Lenders when due. These debits shall not constitute a set-off.
Appears in 1 contract
Samples: Loan and Security Agreement (MAP Pharmaceuticals, Inc.)
Debit of Accounts. Bank may debit any of Borrower’s 's deposit or operating accounts, including the Designated Deposit AccountAccount Number 330456679, for principal and interest payments when due, or any other amounts Borrower owes Bank Bank, when due. Bank shall promptly notify Borrower after it debits Borrower's accounts. These debits shall not constitute a set-off.
Appears in 1 contract
Samples: Loan and Security Agreement (Zoom Technologies Inc)
Debit of Accounts. Bank may debit any of Borrower’s 's deposit accounts, accounts including the Designated Deposit Account, Account Number 3300339977 for principal and interest payments or any other amounts Borrower owes Bank. Bank shall promptly notify Borrower when dueit debits Borrower's accounts. These debits shall are not constitute a set-off.
Appears in 1 contract
Samples: Loan and Security Agreement (Alnylam Pharmaceuticals Inc)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 1 contract
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments when due, or upon prior notice to Borrower any other amounts Borrower owes Bank Bank, when due. Bank shall promptly notify Borrower after it debits Borrower’s accounts. These debits shall not constitute a set-off.
Appears in 1 contract
Samples: Loan Agreement (DemandTec, Inc.)
Debit of Accounts. Bank may debit any of Borrower’s 's deposit or operating accounts, including the Designated Deposit AccountAccount Number [ ], for principal and interest payments when due, or any other amounts Borrower owes Bank Bank, when due. Bank shall promptly notify Borrower after it debits Borrower's accounts. These debits shall not constitute a set-set off.
Appears in 1 contract
Debit of Accounts. Bank may debit shall debit, first, the Designated Deposit Account, and if insufficient funds are in the Designated Deposit Accounts, then any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 1 contract
Debit of Accounts. Bank may debit any of Borrower’s 's deposit accounts, accounts including the Designated Deposit Account, Account Number [__________] for principal and interest payments or any other amounts Borrower owes Bank. Bank shall promptly notify Borrower when dueit debits Borrower's accounts. These debits shall are not constitute a set-off.
Appears in 1 contract
Samples: Loan and Security Agreement (Onesource Information Services Inc)
Debit of Accounts. Bank may debit any of Borrower’s deposit accountsaccounts at Bank, including the Designated Deposit Accountif any, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 1 contract
Debit of Accounts. Bank may debit any of a Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts a Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 1 contract
Samples: Loan and Security Agreement (Advanced Photonix Inc)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off. In addition, in the Bank’s discretion, Bank may make an Advance under the Revolving Line to pay any unpaid principal , interest or other monetary Obligation, in which event such Advance or Advances will bear interest at the same rate applicable to other Advances.
Appears in 1 contract
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, or operating accounts at Bank for principal and interest payments when due, or any other amounts Borrower owes Bank hereunder or pursuant hereto, when due. Bank shall promptly notify Borrower after it debits Borrower’s accounts. These debits shall not constitute a set-off.
Appears in 1 contract
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank pursuant to any Loan Document when due. These debits shall not constitute a set-off.
Appears in 1 contract
Samples: Loan and Security Agreement (Ocz Technology Group Inc)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, accounts for principal and interest payments or any other amounts Borrower owes Bank hereunder, when due. Bank shall notify Borrower as promptly as reasonably practicable following any such debit, other than debits on account of payments of principal or interest or Facility Fees. These debits shall not constitute a set-off.
Appears in 1 contract
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, accounts for principal and interest payments or any other amounts Borrower owes Bank when duehereunder. Bank shall provide a written notice of such debit to Borrower. These debits shall not constitute a set-off.
Appears in 1 contract
Debit of Accounts. In accordance with Section 9.4, Bank may debit any of any Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts any Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 1 contract
Samples: Loan and Security Agreement (U S Wireless Data Inc)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Co-Borrowers’ Deposit Account, Accounts maintained with Bank (if any) for principal and interest payments or any other amounts Borrower owes Co-Borrowers owe Bank when due. These debits shall not constitute a set-off.
Appears in 1 contract
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts's Deposit Accounts, including the Designated Deposit Account, for (i) principal and interest payments when due in accordance with this Agreement without notice or (ii) any other amounts Borrower owes Bank when duedue in accordance with this Agreement after Bank provides notice of such amounts. These debits shall not constitute a set-off.
Appears in 1 contract
Samples: Loan and Security Agreement (Sirtris Pharmaceuticals, Inc.)
Debit of Accounts. Bank may debit any of Borrower’s deposit accountsaccounts maintained with Bank, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when duedue under the Loan Documents. These debits shall not constitute a set-off.
Appears in 1 contract
Samples: Loan and Security Agreement
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts's Deposit Accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 1 contract
Samples: Loan and Security Agreement (Centillium Communications Inc)
Debit of Accounts. Bank may debit any of Borrower’s Borrowers’ deposit accounts, including the Designated Deposit Account, for principal and interest payments when due, or any other amounts Borrower owes Bank Borrowers owe Bank, when due. Bank shall use its best efforts to notify Parent as soon as is practical of any debits to a Borrower’s accounts. These debits shall not constitute a set-off.
Appears in 1 contract
Samples: Loan and Security Agreement (Internet Brands, Inc.)
Debit of Accounts. Bank may debit any of Borrower’s Borrowers’ deposit accounts, including the Designated Deposit Account, for principal and interest payments when due, or any other amounts Borrower owes Borrowers owe Bank under the Loan Documents, when due. These debits shall not constitute a set-off.
Appears in 1 contract
Debit of Accounts. Bank may shall debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 1 contract
Samples: Loan and Security Agreement (Mindspeed Technologies, Inc)
Debit of Accounts. Bank may debit any of Borrower’s Borrowers’ deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower Borrowers owes Bank when due. These debits shall not constitute a set-off.
Appears in 1 contract
Debit of Accounts. Bank Lender may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank Lender under the Loan Documents when due. These debits shall not constitute a set-off.
Appears in 1 contract
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit AccountAccount (but excluding deposit accounts exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such), for principal and interest payments or any other amounts Borrower owes Bank under the Loan Documents when due. These debits shall not constitute a set-off.
Appears in 1 contract
Samples: Loan and Security Agreement (Luca Technologies Inc)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, accounts for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 1 contract
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Operating Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 1 contract
Debit of Accounts. Bank may debit any of Borrower’s 's deposit accounts, accounts including the Designated Deposit Account, Account Number 3300055128 for principal and interest payments or any other amounts Borrower owes Bank. Bank shall promptly notify Borrower when dueit debits Borrower's accounts. These debits shall are not constitute a set-off.
Appears in 1 contract
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the any Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off, and Bank shall use its best efforts to notify Borrower of such debits.
Appears in 1 contract
Samples: Loan and Security Agreement (Crossroads Systems Inc)
Debit of Accounts. Bank Any Lender may debit any of Borrower’s deposit accountsDeposit Accounts, including the Designated Deposit Account, for principal and interest payments when due or any other amounts Borrower owes Bank the Lenders under the Loan Documents when due, for payment to each Lender in accordance with its respective Pro Rata Share. These debits shall not constitute a set-off.
Appears in 1 contract
Samples: Loan and Security Agreement (Bacterin International Holdings, Inc.)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments when due or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 1 contract
Debit of Accounts. Bank Any Lender may debit any of Borrower’s deposit accounts's Deposit Accounts, including the Designated Deposit Account, for principal and interest payments when due or any other amounts Borrower owes Bank the Lenders under the Loan Documents when due. These debits shall not constitute a set-off.
Appears in 1 contract
Samples: Loan and Security Agreement (Furiex Pharmaceuticals, Inc.)
Debit of Accounts. Bank may debit any of Borrower’s Borrowers’ deposit accounts, including the Designated Deposit Account, accounts for principal and interest payments or any other amounts Borrower owes Borrowers owe Bank hereunder. Bank shall promptly notify Borrowers when dueit debits Borrowers’ accounts. These debits shall not constitute a remedial set-off.
Appears in 1 contract
Samples: Loan and Security Agreement (MRV Communications Inc)
Debit of Accounts. Bank may debit any of Borrower’s 's deposit or operating accounts, including the Designated Deposit AccountAccount Number _________, for principal and interest payments when due, or any other amounts Borrower owes Bank, pursuant to this Agreement. Bank when dueshall promptly notify Borrower after it debits Borrower's accounts. These debits shall not constitute a set-set off.
Appears in 1 contract
Debit of Accounts. Bank may debit any of Borrower’s 's deposit accounts, accounts including the Designated Deposit Account, Account Number______________ for principal and interest payments or any other amounts Borrower owes Bank. Bank shall promptly notify Borrower when dueit debits Borrower's accounts. These debits shall not constitute a set-off.
Appears in 1 contract
Debit of Accounts. Bank The Lenders may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for (i) principal and interest payments when due or (ii) any other amounts Borrower owes Bank the Lenders when due. Agent shall promptly notify Borrower when it debits Borrower’s accounts. These debits shall not constitute a set-off.
Appears in 1 contract
Debit of Accounts. Bank may debit any of any Borrower’s deposit accountsDeposit Accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts any Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 1 contract
Samples: Loan and Security Agreement (Financial Engines, Inc.)
Debit of Accounts. In accordance with Section 9.5, Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 1 contract
Debit of Accounts. Bank may debit any of either Borrower’s deposit accounts, including the applicable Designated Deposit Account, for principal and interest payments or any other amounts such Borrower owes Bank when due. These debits shall not constitute a set-off.
Appears in 1 contract
Debit of Accounts. Bank may debit any of Borrower’s deposit or operating accounts, including the Designated Deposit AccountAccount Number [ ], for principal and interest payments when due, or any other amounts Borrower owes Bank Bank, when due. Bank shall promptly notify Borrower after it debits Borrower’s accounts. These debits shall not constitute a set-set off.
Appears in 1 contract
Samples: Loan Agreement (LTX Corp)
Debit of Accounts. Bank Each Lender may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments due such Lender when due or any other amounts Borrower owes Bank such Lender under the Loan Documents when due. These debits shall not constitute a set-off.
Appears in 1 contract
Samples: Loan and Security Agreement (Celldex Therapeutics, Inc.)
Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-offoff as described in Section 12.12 herein.
Appears in 1 contract
Debit of Accounts. Bank may debit any of Borrower’s 's deposit accountsaccounts with Bank, including the Designated Deposit Account, for (i) principal and interest payments when due in accordance with this Agreement without notice or (ii) any other amounts Borrower owes Bank when duedue in accordance with this Agreement after Bank provides notice of such amounts. These debits shall not constitute a set-off.
Appears in 1 contract
Samples: Loan and Security Agreement (NxStage Medical, Inc.)