Common use of Collection of Payments Clause in Contracts

Collection of Payments. Borrower authorizes Bank to collect all interest, fees, costs, and/or expenses due under this Agreement by charging Borrower's demand deposit account number 00-000-000 with Bank, or any other demand deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 6 contracts

Samples: Credit Agreement (Omp Inc), Credit Agreement (Synbiotics Corp), Credit Agreement (LXN Corp)

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Collection of Payments. Borrower authorizes Bank to collect all interest, fees, costs, and/or expenses due under this Agreement by charging Borrower's demand deposit account number 00-000-000 00000000 with Bank, or any other demand deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Clearcommerce Corp), Credit Agreement (Entrade Inc)

Collection of Payments. Borrower authorizes Bank to collect all interest, fees, costs, and/or expenses interest and fees due under this Agreement hereunder by charging BorrowerXxxxxxxx's demand deposit account number 004124-000-000 053885 with Bank, or any other demand deposit account maintained by any Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 2 contracts

Samples: Wells Fargo (Fiberstars Inc /Ca/), Fiberstars Inc /Ca/

Collection of Payments. Borrower authorizes Bank to collect all interest, fees, costs, and/or expenses due under this Agreement by charging Borrower's demand deposit account number 00-000-000 * with Bank, or any other demand deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Varsitybooks Com Inc), Credit Agreement (Varsitybooks Com Inc)

Collection of Payments. Borrower authorizes Bank to collect all interest, fees, costs, and/or expenses due under this Agreement by charging Borrower's demand deposit account number 0008-000200-000 with xxxh Bank, or any other demand deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 2 contracts

Samples: Credit Agreement Exhibit 99 (Dense Pac Microsystems Inc), Credit Agreement (Motorvac Technologies Inc)

Collection of Payments. Borrower authorizes Bank to collect all interestprincipal, fees, costs, and/or expenses interest and fees due under this Agreement each Credit by charging BorrowerXxxxxxxx's demand deposit account number 004159-000-000 583848 with Bank, or any other demand deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 2 contracts

Samples: Barrett Business Services Inc, Barrett Business Services Inc

Collection of Payments. Borrower authorizes Bank to collect all interest, fees, costs, and/or expenses due under this Agreement by charging Borrower's demand deposit account number 0038-000-000 with xxxh Bank, or any other demand deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Mp3 Com Inc), Credit Agreement (Websidestory Inc)

Collection of Payments. Borrower authorizes Bank to collect all interest, fees, costs, and/or expenses due under this Agreement by charging Borrower's demand deposit account number 00-000-000 97005214 with Bank, or any other demand deposit xxxxxx xeposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Main Street & Main Inc)

Collection of Payments. Borrower authorizes Bank to collect all interest, fees, costs, and/or expenses due under this Agreement by charging Borrower's demand deposit account number 0007-000100-000 with xxxh Bank, or any other demand deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Tekelec)

Collection of Payments. Borrower authorizes Bank to collect all interest, fees, costs, and/or expenses interest and fees due under this Agreement hereunder by charging BorrowerXxxxxxxx's demand deposit account number 004496-000-000 813031 with Bank, or any other demand deposit account maintained by any Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Fiberstars Inc /Ca/

Collection of Payments. Borrower authorizes Bank to collect all interest---------------------- principal, fees, costs, and/or expenses interest and fees due under this Agreement each Credit by charging Borrower's demand deposit account number 004 159-000-000 251172 with Bank, or any other demand deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Staar Surgical Company

Collection of Payments. Borrower authorizes Bank to collect all interest, fees, costs, and/or expenses interest and fees due under this Agreement each credit subject hereto by charging Borrower's demand deposit account number 004648-000-000 052785 with Bank, or any other demand deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Virco MFG Corporation)

Collection of Payments. Borrower authorizes Bank to collect all interest, fees, costs, and/or expenses interest and fees due under this Agreement each Credit by charging Borrower's demand deposit account number 004629-000-000 103789 with Bank, or any other demand deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Guitar Center Inc)

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Collection of Payments. Borrower authorizes Bank to collect all interest, fees, costs, and/or expenses ---------------------- interest due under this Agreement hereunder by charging Borrower's demand deposit account number 004159-000-000 318914 with Bank, or any other demand deposit account maintained by any Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Grip Technologies Inc

Collection of Payments. Borrower authorizes Bank to collect all interest, fees, costs, costs and/or expenses due under this Agreement by charging Borrower's demand deposit account number 00-000-000 00000000 with Bank, or any other demand deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Easyriders Inc)

Collection of Payments. Borrower authorizes Bank to collect all principal, interest, fees, costs, and/or expenses fees and other amounts due under or in connection with this Agreement Agreement, the Revolving Line of Credit Note, the Term Note and the other Loan Documents (as defined below) by charging Borrower's demand ’s deposit account number 00-000-000 0000000 with Bank, or any other demand deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Mocon Inc)

Collection of Payments. Borrower authorizes Bank to collect all interestprincipal, fees, costs, and/or expenses interest and fees due under as of the date of this Agreement or otherwise under the Line of Credit by charging Borrower's demand deposit account number 004159-000-000 539352 with Bank, or any other demand deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Gametech International Inc

Collection of Payments. Borrower authorizes Bank to collect all interest, fees, costs, and/or expenses interest due under this Agreement hereunder by charging Borrower's demand deposit account number 00-000-000 4311265953 with Bank, or any other demand deposit account maintained by any Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Itron Inc /Wa/)

Collection of Payments. Borrower authorizes Bank to collect all interest, fees, costs, costs and/or expenses due under this Agreement by charging Borrower's demand deposit account number 0038-000-000 with xxxh Bank, or any other demand deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Websidestory Inc

Collection of Payments. Borrower authorizes Bank to collect all interest, fees, costs, and/or expenses ---------------------- interest and fees due under this Agreement the Line of Credit by charging Borrower's demand deposit account number 00-000-000 0648281004 with Bank, or any other demand deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Hughes B Wayne Et Al

Collection of Payments. Borrower authorizes Bank to collect all interest, fees, costs, and/or expenses due under this Agreement by charging Borrower's demand deposit account number 0010-000-000 087228 with Bank, or any other demand deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Dental Medical Diagnostic Systems Inc)

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