Payment to the Bank. The Member shall repay each Advance and make payments of interest thereon and any and all costs, expenses, fees and penalties relating thereto as specified herein and in the Member Policies and Procedures and the related Confirmation. All payments shall be made at the office of the Bank in Des Moines, Iowa, or at such other place as the Bank, or its successors or assigns, may from time to time appoint in writing. The Member shall maintain in its demand deposit account(s) with the Bank (collectively, the “Demand Deposit Account”) an amount at least equal to the amounts then currently due and payable to the Bank on outstanding Advances. The Member hereby authorizes the Bank to debit the Demand Deposit Account for all amounts due and payable to the Bank on any Advance or other indebtedness. If the amount in the Demand Deposit Account is, at any time, insufficient to pay such due and payable amounts, the Bank may, without notice to the Member, apply any other funds or assets then in the possession of the Bank to the payment of such amounts. Past due payments of principal, interest, or other amounts payable in connection with any Advance may, at the option of the Bank, bear interest until paid at a default rate that is 3% per annum higher than the then current rate being charged by the Bank for Advances.
Payment to the Bank. To repay each and any advance together with interest thereon according to the confirmation of each such advance communicated to the Member by the Bank, together with any unpaid costs and expenses in connection therewith. Such payment shall be made at the office of the Bank in Des Moines, Iowa, or at such other place as the Bank, or its successors or assigns, may from time to time appoint in writing. The default rate on past due principal and interest may, at the option of the Bank, be at a rate 1% per annum higher than the then current rate being charged by the Bank for advances.
Payment to the Bank. The Bank shall periodically send the Borrower statements of all amounts due on the Loans, which statements shall be considered correct and conclusively binding on the Borrower unless the Borrower notifies the Bank to the contrary within thirty (30) days of its receipt of any statement that it deems to be incorrect. Notwithstanding the foregoing, any errors made by the Bank shall be corrected if brought to the attention of the Bank no later than ninety (90) days after termination of the Loans. At its sole discretion, the Bank may charge against any deposit or other account of the Borrower all or any part of any amount due with respect to the Obligations.
Payment to the Bank. All sums payable to the Bank hereunder shall be paid directly to the Bank in United States Dollars and immediately available funds at the place payment is due. If the Bank shall send the Borrower statements of amounts due hereunder, such statements shall be considered correct and conclusively binding on the Borrower unless the Borrower notifies the Bank to the contrary within ninety (90) days of its receipt of any statement which it deems to be incorrect.
Payment to the Bank. The Company shall pay to the Bank, to be held as collateral for the Company’s obligations hereunder, an amount equal to the Guarantee Liability of such Guarantee at that time.
Payment to the Bank. The Member shall repay each Advance and make payments of interest thereon and any and all costs, expenses, fees and penalties relating thereto as specified herein and in the Member Policies and Procedures and the related Confirmation. All payments shall be made at the office of the Bank in Des Moines, Iowa, or at such other place as the Bank, or its successors or assigns, may from time to time appoint in writing.
Payment to the Bank. All sums payable to the Bank hereunder shall be paid directly to the Bank in immediately available funds. Additionally, upon the occurrence of an Event of Default, the Bank may charge against any deposit account of the Borrower all or any part of any amount due hereunder.
Payment to the Bank. If an event of default specified in Article V hereof shall occur and is continuing, Mortgagor directs and instructs any and all purchasers of oil, gas, casinghead gas and other hydrocarbons produced or to be produced from or allocated to the Mortgaged Properties to pay directly to the Bank all of the Proceeds of Production accruing to Mortgagor’s interest in the Mortgaged Properties until such time as such purchasers have been furnished with evidence that all of the Secured Indebtedness has been paid. If an event of default specified in Article V hereof shall occur and is continuing, Mortgagor authorizes the Bank to receive and collect all sums of money derived from the Proceeds of Production assigned hereunder, and no purchaser of the production attributed to the Mortgaged Properties shall have any responsibility for the application of any funds paid to the Bank. The receipt by the Bank of monies so paid to the Bank will be a full and complete release, discharge and acquittance to any purchaser to the extent of all sums so paid. This Mortgage is and constitutes full and complete authority to or for any purchasers of any of the oil, gas, casinghead gas and other hydrocarbons produced from or allocated to said Mortgaged Properties, or any other Person liable therefor, to make payment to the Bank of Mortgagor’s proportionate part of the Proceeds of Production if an event of default specified in Article V hereof shall occur and is continuing. The office where the records of Mortgagor are kept with respect to the accounts and contract rights concerning the Mortgaged Properties is located at the address shown at Section 7.5 hereof, and Mortgagor agrees that the place where such records are kept will not be changed without prior written notification to the Bank. Upon reasonable request by the Bank, Mortgagor will provide the Bank with copies of all such records.
Payment to the Bank. All sums payable to the Bank hereunder shall be paid directly to the Bank, at the address set forth in Section 8.8, in immediately available funds. With the prior consent of Borrower or after the occurrence of an Event of Default, the Bank, in its sole discretion, may charge against or debit any deposit account of the Borrower all or any part of any amount due hereunder or under the Note. Any check, draft or similar item of payment by or for the account of Borrower delivered to the Bank on account of the Obligations shall, provided the same is honored and final settlement is reflected by irrevocable credit to Bank, be applied on account of Borrower's Obligations on the date of final settlement. The Bank's right from time to time after the occurrence or happening of an Event of Default hereunder (which has not been waived in a writing signed by the Bank) to setoff indebtedness owing by the Borrower to the Bank against the Borrower's monies, deposits, credits, accounts or other property now or at any time in the possession or control of the Bank, is hereby acknowledged and agreed to by the Borrower.
Payment to the Bank. Unless otherwise agreed to in writing, you must pay the Bank the amount of any funds transfer, plus any applicable fee, including but not limited to, the fees set forth in the applicable Fee Schedules, before the Bank will execute the Wire Transfer Request. The Bank’s funds transfer fees and other related fees are subject to change at any time, without prior notice to you. The Bank is authorized to debit any one of your Accounts for fees and charges in connection with the Wire Transfer Service contemplated in this Schedule B of this CMTS Agreement. You agree and acknowledge that your instruction to execute a WireTransfer Requestinyour name also constitutes your instruction to the Bank and to any intermediary bank chosen by the Bank, if you fail to choose an intermediary bank, to obtain payment of the Bank’s and intermediary bank’s charges for services and expenses inconnection with the execution of your WireTransfer Request by issuing the Wire Transfer Request in an amount equal to the amount of your initialWireTransfer Request less the amount of the Bank’s and intermediary bank’s fees and charges. However, only those intermediary banks and their fees listed in the applicable Fee Schedules can be imposed by an intermediary bank. You agree that if an intermediary bank that is not specifically set forth in the Fee Schedules imposes its fees and charges in connection with executing your Wire Transfer Request and such imposition of fees are imposed by reducing the amount of your initial Wire Transfer Request, then the Bank will not be liable in any manner whatsoever for your damages and such liability is without regard to whether the intermediary bank was chosen by the Bank.
