Common use of Deposit Account with Agent Clause in Contracts

Deposit Account with Agent. Each Borrower authorizes Agent, in Agent’s sole discretion, upon notice to the Borrower Representative to charge its general deposit account(s), if any, maintained with the Agent for the amount of any principal, interest, or other amounts or costs due under this Agreement when the same become due and payable under the terms of this Agreement or the Notes.

Appears in 4 contracts

Samples: Credit Agreement (Sterling Construction Co Inc), Credit Agreement (Sterling Construction Co Inc), Credit Agreement (Sterling Construction Co Inc)

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Deposit Account with Agent. Each Borrower Company hereby authorizes Agent, in Agent’s 's sole discretion, upon notice to the Borrower Representative Company to charge its general deposit account(s), if any, maintained with the Agent for the amount of any principal, interest, or other amounts or costs due under this Agreement when the same become due and payable under the terms of this Agreement or the Notes.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Quanex Corp), Credit Agreement (Olympic Steel Inc), Credit Agreement (Starcraft Corp /In/)

Deposit Account with Agent. Each Borrower Company hereby authorizes Agent, in Agent’s sole discretion, upon notice to the Borrower Representative Company to charge its general deposit account(s), if any, maintained with the Agent for the amount of any principal, interest, or other amounts or costs due under this Agreement when the same become due and payable under the terms of this Agreement or the Notes.

Appears in 3 contracts

Samples: Credit Agreement (Quantum Fuel Systems Technologies Worldwide Inc), Credit Agreement (Olympic Steel Inc), Credit Agreement (Quantum Fuel Systems Technologies Worldwide Inc)

Deposit Account with Agent. Each Borrower authorizes Agent, in Agent’s sole discretion, upon notice to the Borrower Representative Borrowers to charge its general deposit account(s), if any, maintained with the Agent for the amount of any principal, interest, or other amounts or costs due under this Agreement when the same become due and payable under the terms of this Agreement or the Notes.

Appears in 2 contracts

Samples: Credit Agreement (National Technical Systems Inc /Ca/), Revolving Credit and Term Loan Agreement (Staktek Holdings Inc)

Deposit Account with Agent. Each Borrower hereby authorizes Agent, in Agent’s sole discretion, upon notice to the Borrower Representative to charge its general deposit account(s), if any, maintained with the Agent for the amount of any principal, interest, or other amounts or costs due under this Agreement when the same become due and payable under the terms of this Agreement or the Notes.

Appears in 2 contracts

Samples: Credit Agreement (Noble International, Ltd.), Credit Agreement (Noble International, Ltd.)

Deposit Account with Agent. Each Borrower authorizes Agent, in Agent’s sole discretion, upon notice to the Borrower Representative Borrowers hereby authorize Agent to charge its general deposit account(s)account, if any, maintained with the Agent for the amount of any principal, interest, interest or other amounts or costs payment due under this Agreement, the Notes, any Letter of Credit Agreement or other Document when the same become becomes due and payable under the terms of this Agreement, the Notes, and Letter of Credit Agreement or the Notesother Documents.

Appears in 2 contracts

Samples: Credit Agreement (Talon Automotive Group Inc), Credit Agreement (Vs Holdings Inc)

Deposit Account with Agent. Each Borrower of Company and the Permitted Borrowers hereby authorizes Agent, in Agent’s sole discretion, upon notice to the Borrower Representative Agent to charge its general deposit account(s)account, if any, maintained with the Agent for the amount of any principal, interest, or other amounts or costs due under this Agreement when the same become becomes due and payable under the terms of this Agreement or the NotesAgreement.

Appears in 2 contracts

Samples: Short Term Revolving Credit Agreement (Vishay Intertechnology Inc), Long Term Revolving Credit Agreement (Vishay Intertechnology Inc)

Deposit Account with Agent. Each Borrower authorizes Borrowers hereby authorize Agent, in Agent’s 's sole discretion, upon notice to the Borrower Representative Borrowers to charge its general deposit account(s), if any, maintained with the Agent for the amount of any principal, interest, or other amounts or costs due under this Agreement when the same become due and payable under the terms of this Agreement or the Notes.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Plastipak Holdings Inc), Revolving Credit Agreement (Plastipak Holdings Inc)

Deposit Account with Agent. Each Borrower authorizes Borrowers hereby authorize Agent, in Agent’s sole discretion, upon notice to the Borrower Representative by Borrowers to charge its their general deposit account(s), if any, maintained with the Agent for the amount of any principal, interest, or other amounts or costs due under this Agreement when the same become due and payable under the terms of this Agreement or the NotesNotes or, in the event Borrowers fail to pay such amounts when due, Agent may, in its sole discretion, change the general deposit account(s) of Borrowers.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Commercial Vehicle Group, Inc.)

Deposit Account with Agent. Each Borrower authorizes Borrowers hereby authorize Agent, in Agent’s 's sole discretion, upon notice to the Borrower Representative to charge its general deposit account(s), if any, maintained with the Agent for the amount of any principal, interest, or other amounts or costs due under this Agreement when the same become due and payable under the terms of this Agreement or the Notes.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Autocam Corp/Mi)

Deposit Account with Agent. Each Borrower authorizes Company and each of the Designated Borrowers may, by written notice to Agent, in Agent’s sole discretion, upon notice to the Borrower Representative authorize Agent to charge its their respective general deposit account(s)accounts, if any, maintained with the Agent for the amount of any principal, interest, or other amounts or costs due under this Agreement when the same shall become due and payable under the terms of this Agreement or the Purchase Money Notes.

Appears in 1 contract

Samples: Purchase Money Loan Agreement (Walbro Corp)

Deposit Account with Agent. Each Borrower authorizes of the Borrowers hereby authorize Agent, in Agent’s 's sole discretion, upon notice to the such Borrower Representative to charge its general deposit account(s), if any, maintained with the Agent for the amount of any principal, interest, or other amounts or costs due under this Agreement when the same become due and payable under the terms of this Agreement or the Notes.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ha Lo Industries Inc)

Deposit Account with Agent. Each Borrower hereby authorizes Agent, in Agent’s 's sole discretion, upon notice to the Borrower Representative to charge its general deposit account(s), if any, maintained with the Agent for the amount of any principal, interest, or other amounts or costs due under this Agreement when the same become due and payable under the terms of this Agreement or the Notes.

Appears in 1 contract

Samples: Loan Agreement (Summa Industries)

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Deposit Account with Agent. Each Borrower hereby authorizes Agent, in Agent’s sole discretion, upon notice to the Borrower Representative Agent to charge its general deposit account(s)account, if any, maintained with the Agent for the amount of any principal, interest, interest or other amounts or costs payment due under this Agreement, the Notes, any Letter of Credit Agreement or other Document when the same become becomes due and payable under the terms of this Agreement, the Notes, any Letter of Credit Agreement or the Notesother Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Republic Automotive Parts Inc)

Deposit Account with Agent. Each Borrower of the Borrowers hereby authorizes Agent, in Agent’s 's sole discretion, upon notice to the Borrower Representative to charge its their respective general deposit account(s), if any, maintained with the Agent for the amount of any principal, interest, or other amounts or costs due under this Agreement when the same become due and payable under the terms of this Agreement or the Notes.

Appears in 1 contract

Samples: Credit Agreement (Saturn Electronics & Engineering Inc)

Deposit Account with Agent. Each Borrower Company hereby authorizes Agent, in Agent’s 's sole discretion, upon notice to the Borrower Representative to charge its general deposit account(s), if any, maintained with the Agent for the amount of any principal, interest, or other amounts or costs due under this Agreement when the same become becomes due and payable under the terms of this Agreement or the Notes.

Appears in 1 contract

Samples: Credit Agreement (Champion Enterprises Inc)

Deposit Account with Agent. Each Borrower authorizes Borrowers hereby authorize Agent, in Agent’s sole discretion, upon notice to the Borrower Representative to charge its general deposit account(s), if any, maintained with the Agent for the amount of any principal, interest, or other amounts or costs due under this Agreement when the same become due and payable under the terms of this Agreement or the Notes.

Appears in 1 contract

Samples: Revolving Credit Agreement (Capital Automotive Reit)

Deposit Account with Agent. Each Borrower The Borrowers hereby authorizes Agent, in Agent’s 's sole discretion, upon notice to the Borrower Representative Borrowers to charge its general deposit account(s), if any, maintained with the Agent for the amount of any principal, interest, or other amounts or costs due under this Agreement when the same become due and payable under the terms of this Agreement or the Notes.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (MSC Software Corp)

Deposit Account with Agent. Each Borrower The Company hereby authorizes Agent, in Agent’s sole discretion, upon notice to the Borrower Representative Company to charge its general deposit account(s), if any, maintained with the Agent for the amount of any principal, interest, or other amounts or costs due under this Agreement when the same become due and payable under the terms of this Agreement or the Notes.

Appears in 1 contract

Samples: Credit Agreement (Quantum Fuel Systems Technologies Worldwide Inc)

Deposit Account with Agent. Each Borrower authorizes Agent, in Agent’s sole discretion, upon notice to the Borrower Representative to charge its general deposit account(s), if any, maintained with the Agent for the amount of any principal, interest, or other amounts or costs due under this Agreement when the same become due and payable under the terms of this Agreement or the Notes.

Appears in 1 contract

Samples: Revolving Credit Agreement (Multimedia Games Inc)

Deposit Account with Agent. Each Borrower hereby authorizes Agent, in Agent’s 's sole discretion, upon notice to the Borrower Representative to charge its general deposit account(s), ) if any, maintained with the Agent for the amount of any principal, interest, or other amounts or costs due under this Agreement when the same become becomes due and payable under the terms of this Agreement or the Notes.

Appears in 1 contract

Samples: Mortgage Warehousing Agreement (Rock Financial Corp/Mi/)

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