Common use of Direct Charge Clause in Contracts

Direct Charge. Obligors hereby authorize and direct the Lender to charge any of their accounts under the control of the Lender to pay any payments of principal or accrued interest as the same becomes due and payable pursuant to any note or other agreement between the Obligors and the Lender.

Direct Charge. Obligors The Borrowers hereby authorize and direct the Lender to charge any of their Borrowers’ accounts under the control of the Lender to pay any payments of principal or principal, accrued interest or costs and expenses (including, without limitation, attorneys' fees) as the same becomes due and payable pursuant to any note or other agreement between the Obligors Borrowers and the Lender.