Common use of Debit of Accounts Clause in Contracts

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, but excluding any 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 Collateral Agent and each Lender by Borrower as such, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-off.

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, (but excluding any deposit accounts exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of Borrower’s employees employees, and in each case identified to Collateral Agent and each Lender by Borrower as such, ) for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-off.

Debit of Accounts. Collateral Agent and each Lender may debit (or automated clearing house, i.e., ACH) any deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, Account (but excluding any deposit accounts exclusively used account maintained solely for payroll, payroll taxes and other tax or employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Collateral Agent and each Lender by Borrower as suchbenefits payments), for principal and interest payments or or, upon prior written notice to Borrower so long as no Event of Default has occurred and is continuing, any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-off.

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained accounts designated by Borrower or any of its SubsidiariesSubsidiaries (or, including if the Designated Deposit Accountfunds in such account are insufficient, but excluding in any deposit accounts exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of account maintained by Borrower’s employees and identified to Collateral Agent and each Lender by Borrower as such, ) for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due; provided, that Collateral Agent shall use commercially reasonable efforts to promptly notify Borrower of any debit of any amounts other than principal and interest payments when due in accordance with this Agreement. Any such debits (or ACH activity) shall not constitute a set-set off.