Common use of Charging Accounts Clause in Contracts

Charging Accounts. Whenever Borrowers are obligated, pursuant to Article 2 or Section 1.6 hereof, or pursuant to the Notes, or any other Loan Document, to make payments of any nature to Bank, Bank shall be entitled, and each Borrower hereby authorizes Bank to draw against any deposit account owned by such Borrower at Bank on account of such fees and expenses or payments due. Upon such drawing, Bank shall deliver to each Borrower a notice setting forth, in reasonable detail, the amount of the fees, expenses and/or payments to be satisfied by such draw, and the name or number of the account or accounts from which the draw was made.

Charging Accounts. Whenever Borrowers are obligated, pursuant to Article 2 or Section 1.6 hereof, hereof or pursuant to the Notes, Note or any other Loan Document, to make payments a payment of any nature to BankLender, Bank Lender shall be entitled, and each Borrower Borrowers hereby authorizes Bank authorize Lender to draw against against, any deposit account Deposit Account owned by such any Borrower at Bank on account of such fees and expenses or payments due. Upon such drawing, Bank Lender shall deliver to each the affected Borrower a notice setting forth, in reasonable detail, the amount of the fees, expenses and/or payments to be satisfied by such draw, and the name or number of the account or accounts from which the draw was made.

Charging Accounts. Whenever Borrowers are Borrower is obligated, pursuant to Article 2 or Section 1.6 hereof, or pursuant to the Notes, Note or any other Loan Document, to make payments of any nature to BankLender, Bank Lender shall be entitled, and each Borrower hereby authorizes Bank Lender to draw against any deposit account Deposit Account owned by such Borrower at Bank Lender on account of such fees and expenses or payments due. Upon such drawing, Bank Lender shall deliver to each Borrower a notice setting forth, in reasonable detail, the amount of the fees, expenses and/or payments to be satisfied by such draw, and the name or number of the account or accounts from which the draw was made.

Charging Accounts. Whenever Borrowers are Borrower is obligated, pursuant to Article 2 or Section 1.6 , hereof, or pursuant to the Notes, Note or any other Loan Document, to make payments of any nature to BankLender, Bank Lender shall be entitled, and each Borrower hereby authorizes Bank Lender to draw against any deposit account Deposit Account owned by such Borrower at Bank Lender on account of such fees and expenses or payments due. Upon such drawingBy 10:00 a.m. on the date on which any draw is made, Bank Lender shall deliver to each Borrower a notice setting forth, in reasonable detail, the amount of the fees, expenses and/or payments to be satisfied by such draw, and the name or number of the account or accounts from which the draw was made.