Postdated. Checks postdated up to three days from the date of receipt shall be processed on the date indicated on the check. Bank shall not deposit checks postdated more than three days, but shall notify the Agent by telephone of such checks and follow the Agent's instructions for disposition of such checks.
Appears in 2 contracts
Sources: Credit Agreement (Sunrise Medical Inc), Credit Agreement (FWT Inc)
Postdated. Checks postdated up to three days from the date of receipt shall be processed on the date indicated on the check. The Bank shall not deposit checks postdated more than three days, but shall notify the Collateral Agent by telephone of such checks and follow the Collateral Agent's instructions for disposition of such checks.
Appears in 2 contracts
Sources: Credit Agreement (Sola International Inc), Credit Agreement (Sola International Inc)
Postdated. Checks postdated up to three days from the date of receipt shall be processed on the date indicated on the check. The Bank (or at any time prior to the occurrence of an Event of Default, the Borrower) shall not deposit checks postdated more than three daysdays and which are in excess of $_____________, but shall notify the Agent by telephone of such checks and follow the Agent's instructions for disposition of such checks.
Appears in 1 contract
Postdated. Checks postdated up to three days from the date of receipt shall be processed on the date indicated on the check. The Bank shall not deposit checks postdated more than three daysdays and which are in excess of $______________, but shall notify the Agent by telephone of such checks and follow the Agent's instructions for disposition of such checks.
Appears in 1 contract
Sources: Credit Agreement (Fresh Foods Inc)
Postdated. Checks postdated up to three days from the date of receipt shall be processed on the date indicated on the check. The Bank shall not deposit checks postdated more than three daysdays and which are in excess of $25,000, but shall notify the Administrative Agent by telephone of such checks and follow the Administrative Agent's instructions for disposition of such checks.
Appears in 1 contract
Postdated. Checks postdated up to three days from the date of receipt shall be processed on the date indicated on the check. The Bank shall not deposit checks postdated more than three days, but shall notify the Agent by telephone of such checks and follow the Agent's instructions for disposition of such checks.
Appears in 1 contract
Sources: Credit Agreement (Lynch Corp)