Returned Instruments. If a payment is made by check, draft or other instrument and the check, draft or other instrument is returned unpaid, any application of the payment to the Loan Obligations will be reversed and will be treated as never having been made.
Appears in 18 contracts
Samples: Credit Facilities Agreement (Young Innovations Inc), Credit Agreement (Young Innovations Inc), Credit Facilities Agreement (MTM Technologies, Inc.)
Returned Instruments. If a payment is made by check, draft or other instrument and the check, draft or other instrument is returned unpaid, any the application of the payment to the Loan Obligations will be reversed and will be treated as never having been made.
Appears in 5 contracts
Samples: Loan Agreement (Labarge Inc), Loan Agreement (Insituform Technologies Inc), Loan Agreement (Omniquip International Inc)
Returned Instruments. If a payment is made by check, draft or other instrument and the check, draft or other instrument is returned unpaid, any the application of the payment to the Loan Obligations Obligation will be reversed and will be treated as never having been made.
Appears in 1 contract
Samples: Credit Agreement (Osullivan Industries Holdings Inc)
