Common use of Collection of Payments Clause in Contracts

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents by charging Borrower’s deposit account number 4121261853 with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 7 contracts

Sources: Credit Agreement (Natus Medical Inc), Credit Agreement (Natus Medical Inc), Credit Agreement (Natus Medical Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents Line of Credit by charging Borrower’s deposit account number 4121261853 4945-012565 with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 5 contracts

Sources: Credit Agreement, Credit Agreement (Tilly's, Inc.), Credit Agreement (Tilly's, Inc.)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents subject hereto by charging Borrower’s deposit account number 4121261853 4121458269 with BankBank (the “Collection Account”), or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 4 contracts

Sources: Credit Agreement (Employers Holdings, Inc.), Credit Agreement (Employers Holdings, Inc.), Credit Agreement (Employers Holdings, Inc.)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents hereunder by charging Borrower’s 's deposit account number 4121261853 2040230014183 with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 3 contracts

Sources: Credit Agreement (Culp Inc), Credit Agreement (Culp Inc), Credit Agreement (Culp Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents subject hereto by charging Borrower’s 's deposit account number 4121261853 4950041103 with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 3 contracts

Sources: Credit Agreement (Cray Inc), Credit Agreement (Cray Inc), Credit Agreement (Cray Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents Credit by charging Borrower’s 's demand deposit account number 4121261853 4650-022304 with Bank, or any other demand deposit account maintained by Borrower with Bank, 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 by Borrower.

Appears in 2 contracts

Sources: Credit Agreement (Laser Power Corp/Fa), Credit Agreement (Laser Power Corp/Fa)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents subject hereto by charging Borrower’s deposit account number 4121261853 4000144592 with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 2 contracts

Sources: Credit and Security Agreement (Kewaunee Scientific Corp /De/), Credit and Security Agreement (Kewaunee Scientific Corp /De/)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents Credit by charging Borrower’s ▇▇▇▇▇▇▇▇'s demand deposit account number 4121261853 4159-583848 with Bank, or any other demand deposit account maintained by Borrower with Bank, 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 by Borrower.

Appears in 2 contracts

Sources: Credit Agreement (Barrett Business Services Inc), Credit Agreement (Barrett Business Services Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest interest, and fees due under each credit created by the Loan Documents subject hereto by charging Borrower’s deposit account number 4121261853 4121555452 with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 2 contracts

Sources: Credit Agreement, Credit Agreement (Proto Labs Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents Credit by charging Borrower’s 's demand deposit account number 4121261853 4296--908 650 with Bank, or any other demand deposit account maintained by Borrower with Bank, 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 by Borrower.

Appears in 1 contract

Sources: Credit Agreement (Hall Kinion & Associates Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, principal and interest and fees due under each credit created by the Loan Documents by charging Borrower’s deposit account number 4121261853 41121041941 with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Sources: Credit Agreement (Micrus Endovascular Corp)

Collection of Payments. Borrower authorizes Bank to collect all principal, ---------------------- principal and interest and fees due under each credit created by the Loan Documents Credit by charging Borrower’s 's demand deposit account number 4121261853 4038-141768 with Bank, or any other demand deposit account maintained by Borrower with Bank, 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 by Borrower.

Appears in 1 contract

Sources: Credit Agreement (International Network Services)

Collection of Payments. Borrower authorizes Bank to collect all ---------------------- principal, interest and fees due under each credit created by the Loan Documents Credit by charging Borrower’s 's demand deposit account number 4121261853 4 159-251172 with Bank, or any other demand deposit account maintained by Borrower with Bank, 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 by Borrower.

Appears in 1 contract

Sources: Credit Agreement (Staar Surgical Company)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents Credit by charging Borrower’s 's demand deposit account number 4121261853 4159-384890 with Bank, or any other demand deposit account maintained by Borrower with Bank, 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 by Borrower.

Appears in 1 contract

Sources: Credit Agreement (Invivo Corp)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents subject hereto by charging Borrower’s deposit account number 4121261853 4100065911 with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Sources: Credit Agreement (eTelecare Global Solutions, Inc.)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents Line of Credit Note, Term Note or this Credit Agreement by charging Borrower’s 's deposit account number 4121261853 4020010104 with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Sources: Credit Agreement (Key Tronic Corp)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents Credit by charging Borrower’s 's demand deposit account number 4121261853 4584-477244 with Bank, or any other demand deposit account maintained by Borrower with Bank, 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 by Borrower.

Appears in 1 contract

Sources: Credit Agreement (Tier Technologies Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by subject hereto (including, without limitation, the Loan Documents Standby Letter of Credit) by charging Borrower’s deposit account number 4121261853 4091384644 with Bank, or any other deposit account maintained by Borrower with Bank, Bank for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Sources: Credit Agreement (Wind River Systems Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents hereunder by charging Borrower’s 's deposit account number 4121261853 4311265953 with Bank, or any other deposit account maintained by any Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Sources: Credit Agreement (Itron Inc /Wa/)

Collection of Payments. Borrower authorizes Bank to collect all principal, principal and interest and fees due under each credit created by the Loan Documents Credit by charging Borrower’s 's demand deposit account number 4121261853 4159-518950 with Bank, or any other demand deposit account maintained by Borrower with Bank, 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 by Borrower.

Appears in 1 contract

Sources: Credit Agreement (Knight Transportation Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, principal and interest and fees due under each credit created by the Loan Documents hereunder by charging Borrower’s Borr▇▇▇▇'▇ ▇emand deposit account number 4121261853 4121-089916 with Bank, or any other demand deposit account maintained by any Borrower with Bank, 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 by Borrower.

Appears in 1 contract

Sources: Loan Agreement (Futech Interactive Products Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents subject hereto by charging Borrower’s 's deposit account number 4121261853 4496844531 with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in in. any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Sources: Credit Agreement (Interwoven Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents Credit by charging Borrower’s 's demand deposit account number 4121261853 4296-908650 with Bank, or any other demand deposit account maintained by Borrower with Bank, 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 by Borrower.

Appears in 1 contract

Sources: Credit Agreement (Hall Kinion & Associates Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents Credit by charging Borrower’s 's demand deposit account number 4121261853 ▇▇▇▇▇▇ 4159-583848 with Bank, or any other demand deposit account maintained by Borrower with Bank, 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 by Borrower.

Appears in 1 contract

Sources: Letter Amendment (Barrett Business Services Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents Credit by charging Borrower’s 's demand deposit account number 4121261853 4888- 015120 with Bank, or any other demand deposit account maintained by Borrower with Bank, 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 by Borrower.

Appears in 1 contract

Sources: Credit Agreement (Turbodyne Technolgies Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents Credit by charging Borrower’s 's demand deposit account number 4121261853 4518050042 with Bank, or any other demand deposit account maintained by Borrower with Bank, 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 by Borrower.

Appears in 1 contract

Sources: Credit Agreement (Harding Lawson Associates Group Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents Credit by charging Borrower’s B▇▇▇▇▇▇▇'s demand deposit account number 4121261853 4159-583848 with Bank, or any other demand deposit account maintained by Borrower with Bank, 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 by Borrower.

Appears in 1 contract

Sources: Credit Agreement (Barrett Business Services Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents subject hereto by charging Borrower’s 's deposit account number 4121261853 4796-018083 with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Sources: Credit Agreement (Interlink Electronics Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents by charging Borrower’s deposit account number 4121261853 ▇▇▇▇▇▇▇▇ with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Sources: Credit Agreement (Natus Medical Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents subject hereto by charging Borrower’s 's deposit account number 4121261853 4124303967 with Bank, or any other deposit account maintained by Borrower with Bank, Bank for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Sources: Credit Agreement (Arden Group Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, principal and interest and fees due under each credit created by the Loan Documents Credit by charging Borrower’s 's demand deposit account number 4121261853 4624-074191 with Bank, or any other demand deposit account maintained by Borrower with Bank, 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 by Borrower.

Appears in 1 contract

Sources: Credit Agreement (Rotonics Manufacturing Inc/De)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due as of the date of this Agreement or otherwise under each credit created by the Loan Documents Line of Credit by charging Borrower’s 's demand deposit account number 4121261853 4159-539352 with Bank, or any other demand deposit account maintained by Borrower with Bank, 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 by Borrower.

Appears in 1 contract

Sources: Revolving Line of Credit Agreement (Gametech International Inc)