Common use of LOANS AND PAYMENTS Clause in Contracts

LOANS AND PAYMENTS. All payments will be in United States Dollars and in immediately available funds. Interest will be computed on the basis of a 360 day year, actual days elapsed. All payments of principal, interest, fees and other charges on the Loans will be made by charging, and Borrower hereby authorizes CNB to charge, the Borrower’s Demand Deposit Account for the amount of each such payment. Borrower must have sufficient collected balances in the Borrower’s Demand Deposit Account in order that each such payment will be available when due. CNB is authorized to note the date, amount and interest rate of each Loan and each payment of principal and interest on CNB’s books and records, which notations will constitute presumptive evidence of the accuracy of the information noted. Any Loan will be conclusively presumed to have been made to or for the benefit of Borrower when CNB, in its sole discretion, believes that the request therefor has been made by authorized persons (whether in fact that is the case), or when the Loan is deposited to the Borrower’s Demand Deposit Account, regardless of whether any Person other than Borrower may have authority to draw against such account.

LOANS AND PAYMENTS. All payments will be in United States Dollars and in immediately available funds. Interest will be computed on the basis of a 360 day year, actual days elapsed. All payments of principal, interest, fees and other charges on the Loans will be made by charging, and Borrower hereby authorizes CNB to charge, the Borrower’s Demand Deposit Account demand deposit account at CNB for the amount of each such payment. Borrower must have sufficient collected balances in the Borrower’s Demand Deposit Account its demand deposit account with CNB in order that each such payment will be available when due. CNB is authorized to note the date, amount and interest rate of each Loan and each payment of principal and interest on CNB’s books and records, which notations will constitute presumptive evidence of the accuracy of the information noted. Any Loan will be conclusively presumed to have been made to or for the benefit of Borrower when CNB, in its sole discretion, believes that the request therefor has been made by authorized persons (whether in fact that is the case), or when the Loan is deposited to the credit of Borrower’s Demand Deposit Accountaccount with CNB, regardless of whether any Person other than Borrower may have authority to draw against such account.

LOANS AND PAYMENTS. All payments will be in United States Dollars and in immediately available funds. Interest will be computed on the basis of a 360 360-day year, actual days elapsed. All payments of principal, interest, fees and other charges on the Loans will be made by charging, and Borrower hereby authorizes CNB to charge, the Borrower’s Demand Deposit Account 's demand deposit account at CNB for the amount of each such payment. Borrower must have sufficient collected balances in the Borrower’s Demand Deposit Account its demand deposit account with CNB in order that each such payment will be available when due. CNB is authorized to note the date, amount and interest rate of each Loan and each payment of principal and interest on CNB’s 's books and records, which notations will constitute presumptive evidence of the accuracy of the information noted. Any Loan will be conclusively presumed to have been made to or for the benefit of Borrower when CNB, in its sole discretion, believes that the request therefor has been made by authorized persons (whether in fact that is the case), or when the Loan is deposited to the credit of Borrower’s Demand Deposit Account's account with CNB, regardless of whether any Person other than Borrower may have authority to draw against such account.

LOANS AND PAYMENTS. All payments will be in United States Dollars and in immediately available funds. Interest will be computed on the basis of a 360 day year, actual days elapsed. All payments of principal, interest, fees and other charges on the Loans will be made by charging, and Borrower hereby authorizes CNB to charge, the Borrower’s 's Demand Deposit Account for the amount of each such payment. Borrower must have sufficient collected balances in the Borrower’s 's Demand Deposit Account in order that each such payment will be available when due. CNB is authorized to note the date, amount and interest rate of each Loan and each payment of principal and interest on CNB’s 's books and records, which notations will constitute presumptive evidence of the accuracy of the information noted. Any Loan will be conclusively presumed to have been made to or for the benefit of Borrower when CNB, in its sole discretion, believes that the request therefor therefore has been made by authorized persons (whether in fact that is the case), or when the Loan is deposited to the Borrower’s 's Demand Deposit Account, regardless of whether any Person other than Borrower may have authority to draw against such account.