Deposits, etc. The Bank may, from time to time, without demand or notice of any kind, appropriate and apply toward the payment of such of the Liabilities, and in such order of application, as the Bank may from time to time elect, any and all balances, credits, deposits (general or special, time or demand, provisional or final), accounts or moneys of or in the name of the Borrower then or thereafter with the Bank.
Appears in 2 contracts
Samples: Security Agreement (Datron Systems Inc/De), Credit Agreement (Medgenesis Inc)
Deposits, etc. The Bank may, from time to time, without demand or notice of any kind, appropriate and apply toward the payment of such of the Liabilities, and in such order of application, as the Bank may from time to time elect, any and all balances, credits, deposits (general or special, time or demand, provisional or final), accounts or moneys of or in the name of the Borrower Guarantor then or thereafter with the Bank.
Appears in 2 contracts
Samples: Security Agreement (Datron Systems Inc/De), Security Agreement (Datron Systems Inc/De)