Common use of Basis of Payments Clause in Contracts

Basis of Payments. All sums payable by the Borrower to the Bank under this agreement shall be paid directly to the Bank at its principal office in immediately available funds, without set-off, deduction or counterclaim.

Appears in 2 contracts

Samples: Revolving Credit Loan Agreement (Sterling Construction Co Inc), Credit Loan Agreement (Sterling Construction Co Inc)

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Basis of Payments. All sums payable by the Borrower to the Bank under this agreement Agreement shall be paid directly to the Bank at its principal office in immediately available funds, without set-offsetoff, deduction or counterclaim.

Appears in 1 contract

Samples: Loan Agreement (Neutral Posture Ergonomics Inc)

Basis of Payments. All sums payable by the Borrower to the Bank under this agreement Agreement shall be paid directly to the Bank at its principal office in immediately available funds, without set-offsetoff, deduction or counterclaim. In its sole discretion, the Bank may charge any deposit account of the Borrower with the Bank for all or any part of any amount due hereunder.

Appears in 1 contract

Samples: Loan Agreement (Maxco Inc)

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Basis of Payments. All sums payable by the Borrower to the Bank under this agreement shall be paid directly to the Bank at its principal office in immediately available funds, without set-offsetoff, deduction or counterclaim.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Bestway Inc)

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