Common use of Debit Account Clause in Contracts

Debit Account. Notwithstanding anything to the contrary contained herein, the Administrative Agent shall be permitted to, at any time without notice, debit the Debit Account for any and all fees and expenses now or hereafter payable under this Agreement when due. In the event there are insufficient funds in the Debit Account to cover the payment of such fees and expenses, Borrower shall arrange for payment when due of such fees and expenses as otherwise required by this Agreement.