Postdated. Checks postdated up to three days from date of receipt shall be processed on the date indicated on the check. The Bank shall not deposit checks postdated more than three days, but shall notify Collateral Agent by telephone of such checks and follow Collateral Agent's instructions for disposition of such checks.
Appears in 2 contracts
Samples: Landlord Access Agreement (Sola International Inc), Credit Agreement (Sola International Inc)
Postdated. Checks postdated up to three days from the date of receipt shall be processed on the date indicated on the check. The Bank shall not deposit checks postdated more than three days, but shall notify Collateral the Agent by telephone of such checks and follow Collateral the Agent's instructions for disposition of such checks.
Appears in 2 contracts
Samples: Credit Agreement (Sunrise Medical Inc), Credit Agreement (FWT Inc)
Postdated. Checks postdated up to three days from date of receipt shall be processed on the date indicated on the check. The Bank shall not deposit checks postdated more than three days, but shall notify Collateral the Agent by telephone of such checks and follow Collateral the Agent's instructions for disposition of such checks.
Appears in 1 contract
Samples: Credit Agreement (Lynch Corp)
Postdated. Checks postdated up to three days from date of receipt shall be processed on the date indicated on the check. The Bank shall not deposit checks postdated more than three daysdays and which are in excess of $25,000, but shall notify Collateral the Administrative Agent by telephone of such checks and follow Collateral the Administrative Agent's instructions for disposition of such checks.
Appears in 1 contract
Postdated. Checks postdated up to three days from date of receipt shall be processed on the date indicated on the check. The Bank shall not deposit checks postdated more than three daysdays and which are in excess of $______________, but shall notify Collateral the Agent by telephone of such checks and follow Collateral the Agent's instructions for disposition of such checks.
Appears in 1 contract
Samples: Credit Agreement (Fresh Foods Inc)
Postdated. Checks postdated up to three days from date of receipt shall be processed on the date indicated on the check. The Bank (or at any time prior to the occurrence of an Event of Default, the Borrower) shall not deposit checks postdated more than three daysdays and which are in excess of $_____________, but shall notify Collateral the Agent by telephone of such checks and follow Collateral the Agent's instructions for disposition of such checks.
Appears in 1 contract
