Common use of Disbursements and Payments Clause in Contracts

Disbursements and Payments. (a) Each payment by the Borrower will be made in U.S. Dollars and immediately available funds, without setoff or counterclaim. Payments will be made by debit to the Designated Account, if direct debit is provided for in this Agreement or is otherwise authorized by the Borrower. For payments not made by direct debit, payments will be made by mail to the address shown on the Borrower’s statement, or by such other method as may be permitted by the Bank.

Appears in 1 contract

Samples: Loan Agreement (Vocus, Inc.)

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Disbursements and Payments. (a) Each payment by the Borrower will be made in U.S. Dollars and immediately available funds, without setoff or counterclaim. Payments will be made by debit to the Designated Accounta deposit account, if direct debit is provided for in this Agreement or is otherwise authorized by the Borrower. For payments not made by direct debit, payments will be made by mail to the address shown on the Borrower’s statementstatement or at one of the Bank’s banking centers in the United States, or by such other method as may be permitted by the Bank.

Appears in 1 contract

Samples: First Amended And (Schmitt Industries Inc)

Disbursements and Payments. (a) Each payment by the Borrower will be made in U.S. Dollars and immediately available funds, without setoff or counterclaim. Payments will be made by debit to the Designated Accounta deposit account, if direct debit is provided for in this Agreement or is otherwise authorized by the Borrower. For payments not made by direct debit, payments will be made by mail to the address shown on the Borrower’s 's statement, or by such other method as may be permitted by the Bank.

Appears in 1 contract

Samples: Loan Agreement (Radiant Logistics, Inc)

Disbursements and Payments. (a) Each payment by the Borrower an Obligor will be made in U.S. Dollars and immediately available funds, without setoff or counterclaim. Payments will be made by debit to the Designated Accounta deposit account, if direct debit is provided for in this Agreement the applicable Note or is otherwise authorized by the Borrower. For payments not made by direct debit, payments will be made by mail to the address shown on the Borrower’s statement, or by such other method as may be permitted by the Bank.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (American Rebel Holdings Inc)

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Disbursements and Payments. (a) Each payment by the Borrower will be made in U.S. Dollars and immediately available funds, without setoff or counterclaim. counterclaim Payments will be made by debit to the Designated Accounta deposit account, if direct debit is provided for in this Agreement or is otherwise authorized by the Borrower. For payments not made by direct debit, payments will be made by mail to the address shown on the Borrower’s 's statement, or by such other method as may be permitted by the Bank.

Appears in 1 contract

Samples: Loan Agreement (Mimedx Group, Inc.)

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