Common use of DEBIT TO LOAN ACCOUNT Clause in Contracts

DEBIT TO LOAN ACCOUNT. The Agent is hereby authorised to debit all Swingline Loans and all Reference Rate Revolving Loans and interest thereon to a loan account or accounts denominated in the currency denomination of each such Loan maintained with the Agent. All fees, commissions, costs, expenses and other charges under or pursuant to the Finance Documents and all payments made and out-of-pocket expenses incurred by the Agent and/or the Lenders pursuant to the Finance Documents will be debited to such loan account(s) as of the date due from the relevant Borrower or the date paid or incurred by the Agent and/or the Lenders, as the case may be.

Appears in 2 contracts

Samples: Ninth Supplemental Agreement (Bell Microproducts Inc), Syndicated Credit Agreement (Bell Microproducts Inc)

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DEBIT TO LOAN ACCOUNT. The Agent is hereby authorised to debit all Swingline Loans and all Reference Rate Revolving Loans and interest thereon to a loan account or accounts denominated in the currency denomination of each such Swingline Loan maintained with the Agent. All fees, commissions, costs, expenses and other charges under or pursuant to the Finance Documents and all payments made and out-of-pocket expenses incurred by the Agent and/or the Lenders pursuant to the Finance Documents will be debited to such loan account(s) as of the date due from the relevant Borrower or the date paid or incurred by the Agent and/or the Lenders, as the case may be.

Appears in 2 contracts

Samples: Syndicated Credit Agreement (Bell Microproducts Inc), Supplemental Agreement (Bell Microproducts Inc)

DEBIT TO LOAN ACCOUNT. The Agent is hereby authorised to debit all Swingline Loans and all Reference Rate Revolving Loans and interest thereon to a loan account or accounts denominated in the currency denomination of each such Loan maintained with the Agent. All fees, commissions, costs, expenses and other charges under or pursuant to the Finance Documents and all payments made and out-of-pocket 104 expenses incurred by the Agent and/or the Lenders pursuant to the Finance Documents will be debited to such loan account(s) as of the date due from the relevant Borrower or the date paid or incurred by the Agent and/or the Lenders, as the case may be.

Appears in 1 contract

Samples: Syndicated Credit Agreement (Bell Microproducts Inc)

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DEBIT TO LOAN ACCOUNT. The Agent is hereby authorised to debit all Swingline Loans and all Reference Alternative Rate Revolving Loans and interest thereon to a loan account or accounts denominated in the currency denomination of each such Loan maintained with the Agent. All fees, commissions, costs, expenses and other charges under or pursuant to the Finance Documents and all payments made and out-of-pocket expenses incurred by the Agent and/or the Lenders pursuant to the Finance Documents will be debited to such loan account(s) as of the date due from the relevant Borrower or the date paid or incurred by the Agent and/or the Lenders, as the case may be.

Appears in 1 contract

Samples: Tenth Supplemental Agreement (Bell Microproducts Inc)

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