Returned Draft Advances Clause Samples

Returned Draft Advances. In the event NationsBank shall receive ----------------------- a Draft returned unpaid, in whole or in part, by a third-party lending institution, then the amount of such unpaid portion of the applicable Draft Advance shall be debited to the account of the applicable Borrower. If funds in the account are insufficient to repay NationsBank in full for the amount of the unpaid Draft Advance, then, to the extent of such insufficiency, such unpaid Draft Advance shall be automatically accelerated and immediately due and payable.