Common use of Posting of Payments Clause in Contracts

Posting of Payments. Unless otherwise permitted by Lender, any repayments of this Note, other than immediately available U.S. currency, will not be credited to the outstanding loan balance until Lender receives collected funds.

Appears in 1 contract

Sources: Loan and Security Agreement (Mega Group Inc)

Posting of Payments. Unless otherwise permitted by Lender, any repayments of this Note, other than immediately available U.S. currency, will not be credited to the outstanding loan balance until Lender ▇▇▇▇▇▇ receives collected funds.

Appears in 1 contract

Sources: Promissory Note (Mega Group Inc)