Accounts with Lender. Borrower shall open and maintain a deposit account with Lender into which Lender may credit Loans to be made to Borrower. Lender may from time to time in its discretion make Loans to Borrower to cover checks or other items or charges that Borrower has drawn or made against the any account Borrower maintains with Lender or to cause payment of amounts due under the Loan Documents. Borrower authorizes Lender to make such Loans from time to time by means of appropriate entries of credits to such account sufficient to cover any such charges then presented, such Loans to be subject to the terms of this Agreement as though made pursuant to a request from Borrower.
Appears in 3 contracts
Sources: Loan and Security Agreement (On Deck Capital, Inc.), Loan and Security Agreement (On Deck Capital Inc), Loan and Security Agreement (On Deck Capital Inc)