Common use of Payment to Lender Clause in Contracts

Payment to Lender. All sums payable to Lender under the Loan shall be paid directly to Lender in United States Dollars and immediately available funds. If Lender shall send to Borrower statements of amounts due hereunder, such statements shall be considered correct and conclusively binding on Borrower unless Borrower notifies Lender to the contrary within thirty (30) days of its receipt of any statement which it deems to be incorrect. Alternatively, at its sole discretion, Lender may charge against any deposit account of Borrower all or any part of any amount due hereunder.

Appears in 4 contracts

Samples: Loan and Security Agreement (River Financial Corp), Loan and Security Agreement (Bridgewater Bancshares Inc), Loan Agreement (Smartfinancial Inc.)

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Payment to Lender. All sums payable to Lender under the Loan hereunder shall be paid directly to Lender in United States Dollars and immediately available fundsfunds at the place payment is due. If Lender shall send to Borrower Borrowers statements of amounts due hereunder, such statements shall be considered correct and conclusively binding on Borrower Borrowers unless Borrower notifies Borrowers notify Lender to the contrary within thirty (30) days of its the receipt of any statement which it that any Borrower deems to be incorrect. Alternatively, at its sole discretion, Lender may charge against any deposit account of any Borrower all or any part of any amount due hereunder.

Appears in 2 contracts

Samples: Revolving, Warehouse and Term Loan Agreement (Cavalier Homes Inc), Revolving and Term Loan Agreement (Cavalier Homes Inc)

Payment to Lender. All sums payable to Lender under the Loan shall be paid directly to Lender in United States Dollars and immediately available funds. If Lender shall send to Borrower statements of amounts due hereunder, such statements shall be considered correct and conclusively binding on Borrower Borrower, absent manifest error, unless Borrower notifies Lender to the contrary within thirty ninety (3090) days of its receipt of any statement which it deems to be incorrect. Alternatively, at its sole discretion, Lender may charge against any deposit account of Borrower all or any part of any amount due hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Equity Bancshares Inc)

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Payment to Lender. All sums payable to Lender under the Loan Loans shall be paid directly to Lender in United States Dollars and immediately available funds. If Lender shall send to Borrower statements of amounts due hereunder, such statements shall be considered correct and conclusively binding on Borrower Borrower, absent manifest error, unless Borrower notifies Lender to the contrary within thirty ninety (3090) days of its receipt of any statement which it deems to be incorrect. Alternatively, at its sole discretion, Lender may charge against any deposit account of Borrower all or any part of any amount due hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Equity Bancshares Inc)

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