Common use of Payment and Collection Clause in Contracts

Payment and Collection. In order to satisfy Borrower’s payment of the Monthly Payments and all fees, expenses and charges as set forth or described in this Note, the Loan Agreement and other Loan Documents, Borrower hereby irrevocably authorizes the Lender to initiate manual and automatic electronic (debit and credit) entries through the Automated Clearing House or other appropriate electronic payment system (“ACH”) to all deposit accounts maintained by Borrower, wherever located. At the request of the Lender, Borrower shall complete, execute and deliver to the institution set forth below (with a copy to the Lender) any ACH agreement, voided check, information and/or direction letter reasonably necessary to so instruct Borrower’s depository institution. Borrower (i) shall maintain in all respects this ACH arrangement; (ii) shall not change depository institutions without Lender’s prior written consent, and if consent is received, shall immediately execute similar ACH instruction(s), and (iii) waives any and all claims for loss or damage arising out of debits or credits to/from the depository institution, whether made properly or in error. Xxxxxxxx has communicated and instructed the institution(s) set forth below: Bank Name: BMO Xxxxxx Bank Address: 000 Xxxx Xxxxxx Chicago, IL 60603 ABA#: 000000000 Account # XXXXXX5296 Phone: (000) 000-0000 Reference: CH Capital Lending, LLC Contact Person: Xxxxxxxx Xxxxxxx Payment of the Final Payment shall be payable by wire transfer of immediately available funds to the account specified by Xxxxxx, in lawful money of the United States.

Payment and Collection. In order to satisfy Borrower’s payment of amounts due under the Monthly Payments Loans and all fees, expenses and charges as set forth or described in with respect thereto that are due and payable under this Note, the Loan Agreement and the other Loan DocumentsDocument, Borrower hereby irrevocably authorizes the Lender to initiate manual and automatic electronic (debit and credit) entries through the Automated Clearing House or other appropriate electronic payment system (“ACH”) to all deposit accounts maintained by Borrower, wherever located. At the request of the Lender, Borrower shall complete, execute and deliver to the institution set forth below (with a copy to the Lender) any an ACH agreement, voided check, information and/or direction letter reasonably necessary to so instruct Borrower’s depository institution. Borrower (i) shall maintain in all respects this ACH arrangement; (ii) shall not change depository institutions without Lender’s prior written consent, and if consent is received, shall immediately execute similar ACH instruction(s), and (iii) waives waive any and all claims for loss or damage arising out of debits or credits to/from the depository institution, whether made properly or in error. Xxxxxxxx Borrower has communicated with and instructed the institution(s) institution set forth below: Bank Name: BMO Xxxxxx Bank Address: 000 Xxxx Xxxxxx Chicago, IL 60603 ABA#: 000000000 Account # XXXXXX5296 #: Phone: (000) 000-0000 Fax: Reference: CH Capital Lending, LLC Contact Person: Xxxxxxxx Xxxxxxx Payment of the Final Payment shall be payable by wire transfer of immediately available funds to the account specified by Xxxxxx, in lawful money of the United States.:

Payment and Collection. In order to satisfy Borrower’s payment of amounts due under the Monthly Payments Loans and all fees, expenses and charges as set forth or described in with respect thereto that are due and payable under this Note, the Loan Agreement and the other Loan Documents, Borrower hereby irrevocably authorizes the Lender to initiate manual and automatic electronic (debit and credit) entries through the Automated Clearing House during the Term or other appropriate electronic payment system (“ACH”) to all deposit accounts maintained by Borrower, wherever located. At the request of the LenderLxxxxx, Borrower shall complete, execute and deliver to the institution set forth below (with a copy to the Lender) any an ACH agreement, voided check, information and/or direction letter reasonably necessary to so instruct Borrower’s depository institutioninstitutions. Borrower (i) shall maintain in all respects this ACH arrangementarrangement during the Term; (ii) shall not change depository institutions without Lender’s prior written consent, and if consent is received, shall immediately execute similar ACH instruction(s), and (iii) waives any and all claims for loss or damage arising out of debits or credits to/from the depository institution, whether made properly or in error. Xxxxxxxx Bxxxxxxx has communicated with and instructed the institution(s) set forth below: Bank Name: BMO Xxxxxx Bank Address: 000 Xxxx Xxxxxx Chicago, IL 60603 ABA#: 000000000 Account # XXXXXX5296 Phone: (000) 000-0000 Reference: CH Capital Lending, LLC Contact Person: Xxxxxxxx Xxxxxxx Payment of the Final Payment shall be payable by wire transfer of immediately available funds to the account specified by Xxxxxx, in lawful money of the United States.:

Payment and Collection. In order to satisfy Borrower’s payment of amounts due under the Monthly Payments Revolving Loans and all fees, expenses and charges as set forth or described in with respect thereto that are due and payable under this Note, the Loan Agreement and or any other Loan DocumentsDocument, Borrower hereby irrevocably authorizes the Lender to initiate manual and automatic electronic (debit and credit) entries through the Automated Clearing House or other appropriate electronic payment system (“ACH”) to all deposit accounts maintained by Borrower, wherever located. At the request of the Lender, Borrower shall complete, execute and deliver to the institution set forth below (with a copy to the Lender) any an ACH agreement, voided check, information and/or direction letter reasonably necessary to so instruct Borrower’s depository institution. Borrower (i) shall maintain in all respects this ACH arrangement; (ii) shall not change depository institutions without Lender’s prior written consent, and if consent is received, shall immediately execute similar ACH instruction(s), and (iii) waives waive any and all claims for loss or damage arising out of debits or credits to/from the depository institution, whether made properly or in error. Xxxxxxxx Borrower has communicated with and instructed the institution(s) institution set forth below: Bank Name: BMO Xxxxxx City National Bank Address: 000 Xxxx 0000 Xxxxxx ChicagoXxxxxx, IL 60603 ABATorrance, CA 90503 ABA #: 000000000 Account # XXXXXX5296 #: 000000000 Phone: (000) -000-0000 Fax: 000-000-0000 Reference: CH Capital Lending, LLC Xxxx’x Contact Person: Xxxxxxxx Xxxxxxx Payment of the Final Payment shall be payable by wire transfer of immediately available funds to the account specified by Xxxxxx, in lawful money of the United States.Xxxxxx Xxxxxxx