The Disbursement Accounts. Customer agrees to have on deposit in each Disbursement Account on each Business Day an amount in funds immediately available for withdrawal which is equal to or greater than the sum of checks presented for payment on each Business Day. In the event that on a Business Day on which checks are presented for payment against any Disbursement Account the Disbursement Account fails to contain sufficient cash or funds otherwise immediately available for withdrawal to pay the total dollar amount of checks drawn against all Disbursement Accounts on that date, Bank may, at its sole option and discretion, elect to do any one or more of the following: pay any one or all of the checks presented for payment against any Disbursement Account subject to Bank’s standard overdraft policies and charges; or dishonor any one or all of the checks presented for payment against any Disbursement Account and return same to the presenter thereof; or if Bank has extended to Customer a special line of credit pertaining to any one or all of the Disbursement Accounts, Bank may pay any one or all of the checks presented for payment against any such Disbursement Account or Accounts and cause the amount of any such payment to be charged to such line of credit pertaining to such Disbursement Accounts, considering such amount a draw thereunder, subject to all terms and conditions thereof.
