PAYMENT OF DEBIT INTEREST AND FEES. Debit interest and fees payable by the Borrower shall be charged to the Borrower's current account as follows: - debit interest once every quarter; - fees at the times to be specified by HBU. If the Borrower holds more than one current account at HBU, HBU shall have the right to charge debit interest and fees to any of those accounts.
Appears in 3 contracts
Samples: Credit Agreement (FreeSeas Inc.), Credit Agreement (FreeSeas Inc.), Credit Agreement (FreeSeas Inc.)
PAYMENT OF DEBIT INTEREST AND FEES. Debit interest and fees payable by the Borrower shall be charged to the Borrower's ’s current account as follows: - – debit interest once every quarter; - – fees at the times to be specified by HBU. If the Borrower holds more than one current account at HBU, HBU shall have the right to charge debit interest and fees to any of those accounts.
Appears in 1 contract
Samples: Credit Agreement (FreeSeas Inc.)
PAYMENT OF DEBIT INTEREST AND FEES. Debit interest and fees payable by the Borrower shall be charged to the Borrower's his current account as follows: - debit interest once every quarter; - fees at the times to be specified by HBU. If the Borrower holds more than one maintains various current account at accounts with HBU, HBU shall have the right to charge debit interest and fees to any one of those these accounts.
Appears in 1 contract
Samples: FreeSeas Inc.