Common use of Xxxxxx and Place of Payment Clause in Contracts

Xxxxxx and Place of Payment. Borrower will authorize Xxxxxx to make arrangements so that all payments under this Note are transferred by automated clearinghouse transfer initiated by Xxxxxx directly from an account at a U.S. bank designated by Borrower to an account designated by Xxxxxx.

Xxxxxx and Place of Payment. Borrower will authorize Xxxxxx to make arrangements so that all payments under this Note are transferred by automated clearinghouse transfer initiated by Xxxxxx directly from an account at a U.S. bank designated by in the name of Borrower to an account designated by Xxxxxx. Alternatively, Borrower will make all payments under this Note in the form of cash, check or money order, if permitted by Lender, and will make all payments at the Lender Address for Payment or at a different place if required by Lender.