Returned Instruments. If a payment is made by ACH, check, draft or other instrument and the ACH item, 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 3 contracts
Samples: Credit Agreement (Gtsi Corp), Credit Agreement (Gtsi Corp), Credit Agreement (Gtsi Corp)
Returned Instruments. If a payment is made by ACH, check, draft or other instrument and the ACH item, check, draft or other instrument is returned to Lender 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 2 contracts
Samples: Loan Agreement (Female Health Co), Loan Agreement (Female Health Co)
Returned Instruments. If a payment is made by ACH, check, draft or --------------------- other instrument and the ACH item, check, draft or other instrument is returned to Lender 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: Loan Agreement (Female Health Co)
