Common use of Account Debit Authorization Clause in Contracts

Account Debit Authorization. The Borrower authorizes and directs the Agent, in its discretion acting reasonably, to automatically debit, by mechanical, electronic or manual means, the bank accounts of the Borrower maintained with the Agent for all amounts due and payable under this Agreement, including, but not limited to, the repayment of principal and the payment of interest, fees and all charges for the keeping of such bank accounts.

Appears in 6 contracts

Samples: Credit Agreement (PENGROWTH ENERGY Corp), Credit Agreement (PENGROWTH ENERGY Corp), Credit Agreement (PENGROWTH ENERGY Corp)

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Account Debit Authorization. The Borrower authorizes and directs the Agent, in its discretion acting reasonablydiscretion, to automatically debit, by mechanical, electronic or manual means, the bank accounts of the Borrower maintained with the Agent for all amounts payable under the Loan Documents including, without limitation, in respect of principal, interest and fees payable under this Agreement and recoverable expenses due and payable hereunder or under this Agreement, including, but not limited to, the repayment of principal and the payment of interest, fees and all charges for the keeping of such bank accountsany Loan Document.

Appears in 2 contracts

Samples: Credit Agreement (PRECISION DRILLING Corp), Credit Agreement (Precision Diversified Oilfield Services Corp.)

Account Debit Authorization. The Borrower authorizes and directs the Administrative Agent, in its discretion (acting reasonablyin its capacity as Administrative Agent), to automatically debit, by mechanical, electronic or manual means, the bank accounts of the Borrower maintained with the Agent Administrative Agent, for all amounts due and payable by the Borrower under this AgreementAgreement and the other Loan Documents, including, including but not limited to, to the repayment of principal and the payment of interest, fees fees, expenses and all other charges for the keeping of such bank accounts.

Appears in 2 contracts

Samples: Credit Agreement (Quebecor Printing Inc), Credit Agreement (Quebecor Printing Inc)

Account Debit Authorization. The Each Borrower authorizes and directs the Agent, in its discretion sole discretion, acting reasonably, to automatically debit, deposit or credit, as applicable, by mechanical, electronic or manual means, the bank accounts of the such Borrower maintained with the Agent (for so long as CIBC is the Agent hereunder) for all amounts due and deemed payable under this Agreement, Agreement including, but not limited towithout limitation, the Swingline Facility, and for the repayment of principal and the payment of interest, fees fees, and all charges for the keeping of such bank accounts.

Appears in 1 contract

Samples: Credit Agreement

Account Debit Authorization. The Borrower authorizes and directs the Administrative Agent, in its discretion acting reasonablydiscretion, to automatically debit, by mechanical, electronic or manual means, the all bank accounts of the Borrower maintained with the Administrative Agent for all amounts due and payable under this Agreementagreement on account of principal, including, but not limited to, interest and fees hereunder comprised in the repayment of principal and the payment of interest, fees and all charges for the keeping of such bank accountsObligations.

Appears in 1 contract

Samples: 2012 Credit Agreement (Macdonald Dettwiler & Associates LTD)

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Account Debit Authorization. The Borrower authorizes and directs the Agent, in its discretion acting reasonably, Lender to automatically debit, by mechanical, electronic or manual means, the bank accounts of the Borrower maintained with the Agent Lender for all amounts due and payable under this the Agreement, including, including but not limited to, to the repayment of principal and the payment of interest, fees and all charges for the keeping of such bank accounts.

Appears in 1 contract

Samples: Revolving Credit Agreement (Costco Wholesale Corp /New)

Account Debit Authorization. The Borrower authorizes and directs the Administrative Agent, in its discretion acting reasonablydiscretion, to automatically debit, by mechanical, electronic or manual means, the all bank accounts of the Borrower maintained with the Administrative Agent for all amounts due and payable under this AgreementAgreement on account of principal, including, but not limited to, interest and fees hereunder comprised in the repayment of principal and the payment of interest, fees and all charges for the keeping of such bank accountsObligations.

Appears in 1 contract

Samples: Credit Agreement (Maxar Technologies Ltd.)

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