Common use of Deposit of Funds Advanced Clause in Contracts

Deposit of Funds Advanced. The Borrower may, but shall not be obligated to, open and maintain an account with the Agent into which the Agent shall deposit the proceeds of each Revolving Credit Loan which is permitted to be funded hereunder and the proceeds of which are to be used within one year of the Drawdown Date of such Revolving Credit Loan for a Project, a Petro:Lube Project or a New Profit Center Project. The Agent is hereby irrevocably authorized to charge any account of the Borrower with the Agent, including such account, without the further approval of the Borrower, for (a) any expenses incurred by the Agent or any Bank (including, without limiting the generality of the foregoing, Construction Inspector fees and reasonable attorneys' fees), or (b) any other sums due to the Agent or any of the Banks under this Credit Agreement or any of the other Loan Documents, all to the extent that the same are not paid by the respective due dates thereof.

Deposit of Funds Advanced. The Borrower may, but shall not be ------------------------- obligated to, open and maintain an account with the Agent into which the Agent shall deposit the proceeds of each Revolving Credit Loan which is permitted to be funded hereunder and the proceeds of which are to be used within one year of the Drawdown Date of such Revolving Credit Loan for a Project, a Petro:Lube Project or a New Profit Center Project. The Agent is hereby irrevocably authorized to charge any account of the Borrower with the Agent, including such account, without the further approval of the Borrower, for (a) any expenses incurred by the Agent or any Bank (including, without limiting the generality of the foregoing, Construction Inspector fees and reasonable attorneys' fees), or (b) any other sums due to the Agent or any of the Banks under this Credit Agreement or any of the other Loan Documents, all to the extent that the same are not paid by the respective due dates thereof.