Payment Application Date. Any check, draft, or similar item of payment by or for the account of Borrower delivered to Bank on account of Borrower's Liabilities shall be applied by Bank on account of Borrower's Liabilities on the date final settlement thereof is reflected by irrevocable credit to Bank.
Appears in 6 contracts
Samples: Loan and Security Agreement (Heartland Technology Inc), Loan Agreement (Taylor Capital Group Inc), Loan and Security Agreement (Sigmatron International Inc)
Payment Application Date. Any check, draft, or similar item of ------------------------ payment by or for the account of Borrower Borrowers delivered to Bank on account of Borrower's Borrowers' Liabilities shall be applied by Bank on account of Borrower's Borrowers' Liabilities on the date final settlement thereof is reflected by irrevocable credit to Bank.
Appears in 2 contracts
Samples: Loan and Security Agreement (Heartland Partners L P), Loan Agreement (Boss Holdings Inc)
Payment Application Date. Any check, draft, or similar item of ------------------------ payment by or for the account of Borrower delivered to Bank on account of Borrower's Liabilities shall be applied by Bank on account of Borrower's Liabilities on the date final settlement thereof is reflected by irrevocable credit to Bank.
Appears in 1 contract
Samples: Loan and Security Agreement (Heartland Partners L P)
Payment Application Date. Any check, draft, or similar item of payment by or for the account of Borrower Borrowers delivered to Bank on account of Borrower's Borrowers' Liabilities shall be applied by Bank on account of Borrower's Borrowers' Liabilities on the date final settlement thereof is reflected by irrevocable credit to Bank.
Appears in 1 contract
Samples: Loan and Security Agreement (Paul Harris Stores Inc)
Payment Application Date. Any check, draft, or similar item of payment by or for the account of Borrower delivered to Bank on account of Borrower's Liabilities shall be applied by Bank on account of Borrower's Liabilities on the date final settlement thereof is reflected by irrevocable credit to such funds are available in accordance with the regular availability schedule of Bank.
Appears in 1 contract
Samples: Loan and Security Agreement (Aasche Transportation Services Inc)
Payment Application Date. Any check, draft, or similar item of payment by or for the account of any Borrower delivered to Bank on account of Borrower's Borrowers' Liabilities shall be applied by Bank on account of Borrower's Borrowers' Liabilities on the date final settlement thereof is reflected by irrevocable credit to Bank.
Appears in 1 contract
