Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, Borrower hereby authorizes and directs Lender, at Lender’s option, to: (i) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of Borrower; or (ii) make a Revolving Loan hereunder to pay the amount of the Obligations.
Appears in 19 contracts
Samples: Secured Revolving Credit Facility Agreement (Tarsier Ltd.), Senior Secured Revolving Credit Facility Agreement (Hispanica International Delights of America, Inc.), Credit Agreement (Jammin Java Corp.)
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, the Borrower hereby authorizes and directs Lenderthe Bank, at Lenderthe Bank’s option, to: to (ia) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of the Borrower; , or (iib) make a Revolving Loan hereunder to pay the amount of the Obligations.
Appears in 12 contracts
Samples: Loan and Security Agreement (US BioEnergy CORP), Loan and Security Agreement (Atlas Financial Holdings, Inc.), Loan and Security Agreement (Primoris Services CORP)
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, each Borrower hereby authorizes and directs Lender, at Lender’s option, to: (i) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of any Borrower; or (ii) make a Revolving Loan hereunder to pay the amount of the Obligations.
Appears in 7 contracts
Samples: Credit Agreement (Speedemissions Inc), Credit Agreement (T.O Entertainment, Inc.), Credit Agreement (Blue Earth, Inc.)
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, Borrower hereby authorizes and directs Lender, at Lender’s option, to: (i) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of Borrower; or (ii) make a Revolving an Additional Loan hereunder to pay the amount of the Obligations.
Appears in 7 contracts
Samples: Consent and Agreement (Sack Lunch Productions Inc.), Consent and Agreement (Pacific Ventures Group, Inc.), Senior Secured Credit Facility Agreement (Grow Solutions Holdings, Inc.)
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, Borrower hereby authorizes and directs Lender, at Lender’s option, to: to (ia) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of Borrower; Borrower or (iib) make a Revolving Loan hereunder to pay the amount of the Obligations.
Appears in 6 contracts
Samples: Facility Agreement (Sunpeaks Ventures, Inc.), Senior Secured Revolving Credit Facility Agreement (Redfin Network, Inc.), Senior Secured Revolving Credit Facility Agreement (ePunk, Inc.)
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, the Borrower hereby authorizes and directs the Lender, at the Lender’s option, to: to (ia) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of the Borrower; , or (iib) make a Revolving Loan hereunder to pay the amount of the Obligations.
Appears in 2 contracts
Samples: Loan and Security Agreement (Amtech Systems Inc), Loan and Security Agreement (Amtech Systems Inc)
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, the Borrower hereby authorizes and directs Lenderthe Bank, at Lenderthe Bank’s option, to: to (ia) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of Borrower; the Borrower held at the Bank, or (iib) make a Revolving Loan hereunder (which Revolving Loan shall not be subject to the minimum amounts described in Section 5.1 above) to pay the amount of the Obligations.
Appears in 2 contracts
Samples: Loan and Security Agreement (PLM Equipment Growth Fund V), Loan and Security Agreement (PLM Equipment Growth Fund V)
Automatic Debit. In order to effectuate the timely payment of any of ---------------- the Obligations when due, Borrower the Borrowers hereby authorizes authorize and directs direct the Lender, at the Lender’s 's option, to: (i) debit, or cause or instruct the to debit of, the amount of the Obligations to from any ordinary deposit account of Borrower; the applicable Borrowers, or (ii) make a Revolving Loan as applicable, hereunder to pay the amount of the Obligations.
Appears in 2 contracts
Samples: Loan and Security Agreement (Amrep Corp.), Loan and Security Agreement (Amrep Corp.)
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, Borrower Borrowers hereby authorizes and directs the Lender, at the Lender’s option, to: to (ia) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of Borrower; Borrowers or (iib) make a Revolving Loan hereunder to pay the amount of the Obligations.
Appears in 2 contracts
Samples: Credit Agreement (National Automation Services Inc), Credit Agreement (National Automation Services Inc)
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, each Borrower hereby authorizes and directs Lender, at Lender’s option, to: to (ia) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of Borrower; number 7234892540, or (iib) make a Revolving Loan hereunder to pay the amount of the Obligations.
Appears in 2 contracts
Samples: Loan and Security Agreement (BG Staffing, Inc.), Loan and Security Agreement (LTN Staffing, LLC)
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, the Borrower hereby authorizes and directs Lenderthe Bank, at Lender’s the Bank's option, to: to (ia) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of the Borrower; , or (iib) make a Revolving Loan hereunder to pay the amount of the Obligations.
Appears in 2 contracts
Samples: Loan and Security Agreement (Boyd Bros Transportation Inc), Loan and Security Agreement (Rockwell Medical Technologies Inc)
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, the Borrower hereby authorizes and directs Lender, at Lender’s option, to: to (ia) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of the Borrower; , or (iib) make a Revolving Loan hereunder to pay the amount of the Obligations.
Appears in 2 contracts
Samples: Loan and Security Agreement (Hill International, Inc.), Loan and Security Agreement
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, each Borrower hereby authorizes and directs Lender, at Lender’s option, to: (i) debit, or cause or instruct the debit of, the amount of the Obligations Lender to any ordinary deposit account of Borrower; or (ii) make a Revolving Loan Loans hereunder to pay the amount of the Obligations.
Appears in 1 contract
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, the Borrower hereby authorizes and directs Lenderthe Bank, at Lenderthe Bank’s option, to: to (ia) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of the Borrower; , or (iib) make a Revolving Loan hereunder to pay the amount of any of the Obligations.
Appears in 1 contract
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, Borrower hereby authorizes and directs Lender, at Lender’s optionoption with or without notice to Borrower, to: (i) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of Borrower; or (ii) make a Revolving Loan hereunder to pay the amount of the ObligationsObligations then due and payable (or any portion thereof).
Appears in 1 contract
Samples: Revolving Credit Agreement (American Land Lease Inc)
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, Borrower the Borrowers hereby authorizes authorize and directs direct Lender, at Lender’s option, to: to (ia) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of the Borrowers or any Borrower; , or (iib) make a Revolving Loan hereunder to pay the amount of the Obligations.
Appears in 1 contract
Samples: Loan and Security Agreement (Hill International, Inc.)
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, each Borrower hereby authorizes and directs Lender, at Lender’s option, to: (i) debit, or cause or instruct the debit of, the amount of the Obligations Lender to any ordinary deposit account of Borrower; or (ii) make a Revolving Loan hereunder to pay the amount of the Obligations.
Appears in 1 contract
Samples: Credit Agreement (Wild Craze, Inc.)
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, Borrower hereby authorizes and directs Lender, at Lender’s option, to: (i) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of Borrower; or (ii) make a Revolving Loan hereunder to pay the amount of the Obligations.
Appears in 1 contract
Samples: Senior Secured Credit Facility Agreement (Pharmagen, Inc.)
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, the Borrower hereby authorizes and directs Lenderthe Bank, at Lender’s the Bank's option, to: to (ia) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of the Borrower; , or (iib) make a Revolving Loan hereunder to pay the amount of the Obligations.
Appears in 1 contract
Samples: Loan and Security Agreement (Birner Dental Management Services Inc)
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, Borrower hereby authorizes and directs Lender, at Lender’s 's option, to: (i) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of Borrower; or (ii) make a Revolving Loan hereunder to pay the amount of the Obligations.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Facility Agreement (Artec Global Media, Inc.)
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, Borrower hereby authorizes and directs Lender, at Lender’s option, to: (ito:(i) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of Borrower; or Borrower;or (ii) make a Revolving Loan hereunder to pay the amount of the Obligations.
Appears in 1 contract
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, Borrower hereby authorizes and directs Lenderthe Bank, at Lender’s the Bank's option, to: (i) debit, or cause or instruct the to debit of, the amount of the Obligations to any ordinary deposit account of Borrower; or (ii) make a Revolving Loan hereunder to pay the amount of the Obligations.
Appears in 1 contract
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, Borrower the Borrowers hereby authorizes and directs Lenderthe Bank, at Lenderthe Bank’s option, to: to (ia) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of Borrower; the Borrowers, or (iib) make a Revolving Loan hereunder to pay the amount of the Obligations.
Appears in 1 contract
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, Borrower Credit Parties hereby authorizes authorize and directs direct Lender, at Lender’s option, to: (i) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of Borrower; or (ii) make a Revolving an Additional Loan hereunder to pay the amount of the Obligations.
Appears in 1 contract
Samples: Senior Secured Credit Facility Agreement (Mint Leasing Inc)
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, Borrower hereby authorizes and directs Lender, at Lender’s 's option, to: to (ia) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of Borrower; Borrower or (iib) make a Revolving Loan hereunder to pay the amount of the Obligations.
Appears in 1 contract
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, the Borrower hereby authorizes and directs the Lender, at the Lender’s option, to: to (ia) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of the Borrower; , or (iib) make a Revolving Loan hereunder to pay the amount of the Obligations.
Appears in 1 contract
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, the Borrower hereby irrevocably authorizes and directs Lenderthe Bank, at Lenderthe Bank’s option, to: to (ia) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of the Borrower; , or (iib) make a Revolving Loan hereunder to pay the amount of the Obligations. For purposes hereof, the Borrower hereby acknowledges that the initial account at Bank to be debited for repayment of the Obligations is Account No. 0097494852.
Appears in 1 contract
Samples: Loan and Security Agreement (Parlux Fragrances Inc)
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, Borrower hereby authorizes and directs Lender, at Lender’s option, to: Lender to (ia) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of Borrower; , or (iib) make a Revolving Loan hereunder to pay the amount of the Obligations.
Appears in 1 contract
Samples: Loan and Security Agreement (Ari Network Services Inc /Wi)
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, Borrower the Borrowers hereby authorizes authorize and directs direct the Lender, at the Lender’s option, to: to (ia) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of Borrower; the applicable Borrowers, or (iib) solely in the case of Obligations of the Distribution Borrowers or the Fulfillment Borrowers, make a Revolving Loan to the Distribution Borrowers or the Fulfillment Borrowers, as applicable, hereunder to pay the amount of the Obligations.
Appears in 1 contract
Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, Borrower Borrowers hereby authorizes authorize and directs direct Lender, at Lender’s option, to: (i) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of BorrowerBorrowers; or (ii) make a Revolving Loan hereunder to pay the amount of the Obligations.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Facility Agreement (Intelligent Highway Solutions, Inc.)
