Common use of Time and Place of Payments Clause in Contracts

Time and Place of Payments. (a) All payments due hereunder shall be made available to Bank in immediately available Dollars, not later than 12:00 p.m., Pacific time, on the day of payment, to the following address or such other address as Bank may from time to time specify by notice to Borrowers: Pacific Mercantile Bank 900 Xxxxx Xxxxx Xxxxx, Xxxxx Xxxxx Xxxxx Xxxx, XX 00000 (b) Borrowers hereby authorize Bank to charge Borrowers’ Account, or any other demand deposit account maintained by any Borrower with Bank, for the amount of any payment due or past due hereunder or under any Loan Document, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable in cash by Borrowers. (c) In addition, Borrowers hereby authorize Bank at its option, without prior notice to Borrowers, to advance a Revolving Loan for any payment due or past due hereunder, including principal and interest owing on the Loans, the Fees and all Expenses, and to pay the proceeds of such Revolving Loan to Bank for application toward such due or past due payment.

Time and Place of Payments. (a) All payments due hereunder shall be made available to Bank in immediately available Dollars, not later than 12:00 p.m., Pacific time, on the day of payment, to the following address or such other address as Bank may from time to time specify by notice to BorrowersParent: Pacific Mercantile Comerica Bank 900 -- California 15303 Ventura Boulevard Sherman Oaks, California 91400 Xxxxxxxxx: Xxxxx Xxxxx X. Xxxxx, Xxxxx Xxxxx Xxxxx Xxxx, XX 00000 (b) Borrowers Xxxxowers hereby authorize authorizes Bank to charge Borrowers’ Accountxx xxxxxx Xxxrowers' general demand deposit account number 1891922658 with Bank, or any other demand deposit account maintained by any Borrower with Bank, for the amount of any payment due or past due hereunder or under any Loan Document, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable in cash by Borrowers. (c) In addition, Borrowers hereby authorize authorizes Bank at its option, without prior notice to Borrowers, to advance a Revolving Loan as a Base Lending Rate Portion for any payment due or past due hereunder, including principal and interest owing on the Loans, the Fees and all Expenses, and to pay the proceeds of such Revolving Loan to Bank for application toward such due or past due payment.

Time and Place of Payments. (a) All payments due hereunder shall be made available to Bank in immediately available Dollars, not later than 12:00 p.m., Pacific time, on the day of payment, to the following address or such other address as Bank may from time to time specify by notice to BorrowersParent: Pacific Mercantile Comerica Bank 900 -- California 15303 Ventura Boulevard Sherman Oaks, California 91000 Xxxxxxxxx: Xxxxx Xxxxx X. Xxxxx, Xxxxx Xxxxx Xxxxx Xxxx, XX 00000 (b) Borrowers Xxxrowers hereby authorize authorizes Bank to charge Borrowers’ Accountxx xxxxxx Xxxrowers' general demand deposit account number 1891922658 with Bank, or any other demand deposit account maintained by any Borrower with Bank, for the amount of any payment due or past due hereunder or under any Loan Document, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable in cash by Borrowers. (c) In addition, Borrowers hereby authorize authorizes Bank at its option, without prior notice to Borrowers, to advance a Revolving Loan as a Base Lending Rate Portion for any payment due or past due hereunder, including principal and interest owing on the Loans, the Fees and all Expenses, and to pay the proceeds of such Revolving Loan to Bank for application toward such due or past due payment.

Time and Place of Payments. (a) All payments due hereunder shall be made available to Bank in immediately available Dollars, not later than 12:00 p.m., Pacific time, on the day of payment, to the following address or such other address as Bank may from time to time specify by notice to BorrowersBorrower: Pacific Mercantile Bank 900 AVIDBANK 0000 X 0xx Xxxxxx, 0xx Xxxxx Xxxxx XxxxxSan Jose, Xxxxx Xxxxx Xxxxx Xxxx, XX 00000California 95112 (b) Borrowers Borrower hereby authorize authorizes Bank to charge Borrowers’ Xxxxxxxx’s Account, or any other demand deposit account maintained by any Borrower with Bank, for the amount of any payment due or past due hereunder or under any Loan Document, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable in cash by BorrowersBorrower. (c) In addition, Borrowers Borrower hereby authorize authorizes Bank at its option, without prior notice to BorrowersBorrower, to advance a Revolving Loan for any payment due or that is more than five (5) Business Days past due hereunder, including principal and interest owing on the Loans, the Fees and all Expenses, and to pay the proceeds of such Revolving Loan to Bank for application toward such due or past due payment.

Time and Place of Payments. (a) All payments due hereunder shall be made available to Bank in immediately available Dollars, not later than 12:00 p.m., Pacific time, on the day of payment, to the following address or such other address as Bank may from time to time specify by notice to BorrowersParent: Pacific Mercantile Comerica Bank 900 Xxxxx Xxxxx Xxxxx, Xxxxx Xxxxx Xxxxx 00000 Xxxxxxx Xxxxxxxxx Xxxxxxx Xxxx, XX 00000California 91403 Attention: Xxxxxx Xxxxxxxx (b) Borrowers hereby authorize Bank to charge Borrowers’ Accountgeneral demand deposit account number XXXXXXXXXX with Bank, or any other demand deposit account maintained by any Borrower with Bank, for the amount of any payment due or past due hereunder or under any Loan Document, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable in cash by Borrowers. (c) In addition, Borrowers hereby authorize Bank at its option, without prior notice to Borrowers, to advance a Revolving Loan as a Prime-based Advance for any payment due or past due hereunder, including principal and interest owing on the Loans, the Fees and all Expenses, and to pay the proceeds of such Revolving Loan to Bank for application toward such due or past due payment.