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Common use of Collection of Accounts Application to the Borrowers Indebtedness Clause in Contracts

Collection of Accounts Application to the Borrowers Indebtedness.

Appears in 3 contracts

Sources: Credit and Security Agreement (Professional Veterinary Products LTD /Ne/), Credit and Security Agreement (Professional Veterinary Products LTD /Ne/), Credit and Security Agreement (MGP Ingredients Inc)

Related Clauses

  • Disbursement of Loan Proceeds
  • Maintenance of Collateral Accounts
  • Collection of Taxes, Assessments and Similar Items; Servicing Accounts; Reserve Accounts
  • Collection of Accounts Receivable
  • Payments; Application of Payments; Debit of Accounts

Sub-Clauses

  • The Collection Account
  • Application of Payments to Revolving Note
  • Payment of Accounts by Borrower’s Account Debtors
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