Debit of Accounts. Bank may debit the Designated Deposit Account for principal and interest payments or any other amounts Borrower owes Bank hereunder when due. These debits shall not constitute a set-off.
Appears in 2 contracts
Sources: Loan and Security Agreement (Enernoc Inc), Loan and Security Agreement (Enernoc Inc)
Debit of Accounts. Bank may debit the Designated Deposit Account for principal and interest payments or any other amounts Borrower owes Bank hereunder when duedue and owing hereunder. These debits shall not constitute a set-off.
Appears in 2 contracts
Sources: Loan and Security Agreement (Enernoc Inc), Loan and Security Agreement (Enernoc Inc)
Debit of Accounts. Bank may debit the Designated Deposit Account Account, or such other deposit account as Borrower and bank may from time to time agree in writing by Borrower, for principal and interest payments or any other amounts Borrower owes Bank hereunder when duedue hereunder. These debits shall not constitute a set-off.
Appears in 2 contracts
Sources: Loan and Security Agreement (Zendesk, Inc.), Loan and Security Agreement (Zendesk, Inc.)
Debit of Accounts. Bank may debit the Designated Deposit Account Account, for principal and interest payments Borrower owed Bank hereunder when due or any other amounts Borrower owes Bank hereunder when dueupon written notice to Borrower. These debits shall not constitute a set-off.
Appears in 1 contract
Sources: Loan and Security Agreement (Aegerion Pharmaceuticals, Inc.)
Debit of Accounts. Bank may debit the Designated Deposit Account Account, for principal and interest payments or or, after notice to Borrower, any other amounts Borrower owes Bank hereunder when due. These debits shall not constitute a set-off.
Appears in 1 contract