ACCOUNT DEBITING Sample Clauses

ACCOUNT DEBITING. A. On or prior to Company’s payroll direct deposit and/or payroll tax deposit date or other applicable settlement or due date, Company authorizes Provider to initiate debit entries to Company’s account specified above (“Company’s Account”) at the depository financial institution the Routing Number of which is given above (“Depository”), and to debit Company’s Account in such amounts as are necessary to (i) fund Company’s direct deposits, (ii) pay any fees or charges associated with the Service, including, without limitation, finance charges, (iii) pay Company’s payroll taxes, (iv) pay any debit, correcting or reversing entry initiated pursuant to this Agreement which is later returned to Provider, and (v) pay any other amount that is owing under this Agreement or in connection with the Service. This authorization is to remain in full force and effect until Provider has received written notice from Company of its termination in such time and such manner as to afford Provider and Depository a reasonable opportunity to act upon it. Company will maintain in Company’s Account as of the applicable settlement date and time immediately available funds sufficient to cover all credit entries Company originates through Provider. Company’s obligation to pay Provider for each credit entry matures at the time Provider transmits or otherwise delivers the credit entry to the Automated Clearing House (“ACH”) or gateway operator and is unaffected by termination of the Service. Provider may set off against any amount it or an Affiliate owes to Company in order to obtain payment of Company’s obligation as set forth in this Agreement. Company acknowledges that the origination of ACH transactions to its account must comply with the provisions of U.S. law. Amounts withdrawn for payroll taxes will be held by Provider at Provider’s financial institution (the “Payroll Tax Account”) until such time as those payments are due to the appropriate taxing agencies, and no interest will be paid to the Company on these amounts.
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ACCOUNT DEBITING. 6.1. By signing the Application for Banking Services, the Client gives the Bank consent to execute payment operations of Account Debiting by the Bank for payment:
Sample 1
ACCOUNT DEBITING. Upon Company’s approval of a payroll file for processing, Bank will debit Company’s designated payroll account (“Company’s Account”) for the total amount of the payroll file, which will include the amount necessary to (a) fund Company’s direct deposits, (b) pay Company’s payroll taxes, and (c) fund any other disbursements, fees or amounts due as a result of the payroll processed. Company’s Account must have sufficient available funds on the date the payroll file is approved (which could be in advance of the date the payroll will be processed). Company will maintain in Company’s Account as of the applicable payroll file approval date an available balance sufficient to cover the entire amount of the payroll file and shall otherwise maintain sufficient collected funds in Company’s Account to cover all of Company’s payment obligations to Bank. If sufficient funds are not available in Company’s Account on the date Company approves the payroll file, the payroll file will be suspended. An Online Payroll Non-sufficient Funds (NSF) fee will be assessed for each business day that there are non-sufficient available funds in Company’s Account for the applicable payroll file. Bank will check for available funds up until one business day prior to the intended settlement date of the payroll file, and if sufficient funds become available during that time, the payroll file will be processed. The payroll file will be deleted if sufficient funds are not available in Company’s Account one business day prior to the intended settlement date of the payroll file. A Non-sufficient Funds (NSF) penalty will be assessed for each business day the funds remain unavailable, up until the date that the payroll file is processed or deleted. Company also authorizes Bank to debit Company’s Account to pay any debit, correcting or reversing entry initiated pursuant to this Agreement which is later returned to Bank, and to pay any other amount related to the Service, including, without limitation, fees or other charges associated with the Service including finance charges. Bank may set off against any amount it owes to Company in order to obtain payment of Company’s obligations. Amounts withdrawn for payroll taxes will be held by Bank (the “Payroll Tax Account”) until such time as those payments are due to the appropriate taxing agencies, and no interest will be paid to the Company on these amounts. If Company does not have sufficient funds in Company’s Account to pay disbursements, fees, payro...
Sample 1
ACCOUNT DEBITING. A. On or prior to Company’s payroll direct deposit and/or payroll tax deposit date or other applicable settlement or due date, Company authorizes Provider to initiate debit entries to Company’s account(s) and to debit Company’s account(s) in such amounts as are necessary to (i) fund Company’s direct deposits, (ii) pay any fees or charges associated with the Service, (iii) pay Company’s payroll taxes, (iv) pay any debit, correcting or reversing entry initiated pursuant to this Agreement which is later returned to Provider, and (v) pay any other amount that is owing under this Agreement or in connection with the Service. This authorization is to remain in full force and effect until Provider has received notice from Company of its termination in such time and such manner as to afford Provider a reasonable opportunity to act upon it.
Sample 1
ACCOUNT DEBITING. 6.1. By signing the Application for the provision of banking services, the Client gives the Bank consent to the execution of payment transactions by the Bank from Debiting the Account for payment: (i) the amount of remuneration to the Bank payable by the Client for transactions performed in accordance with the Agreement and services provided in the amounts stipulated by the Bank Tariffs, (ii) amounts of Debt Obligations for Banking Services provided for in Clause 5.5. and clause 5.6 of the Agreement; (iii) amounts of Unauthorized Overdraft, (and v) the amount of penalties (penalties, fines) due to the Client's breach of his obligations, calculated in accordance with this Agreement and/or any other agreements concluded between the Bank and the Client (including, but not limited to, any credit agreements, agreements on the provision of banking services, factoring agreements, surety agreements, etc.), (v) other amounts provided for in this Agreement and payable by the Client, (vi) the amount of remuneration to the Bank payable by the Client under the Salary Project and Distribution of Funds Agreement (as this term is defined in clause 5.2 of the Agreement), the total amount of funds according to the Consolidated Statement (as this term is defined in clause 5.2 of the Agreement) for further crediting into payments to the card accounts of holders under the Salary Project and Fund Distribution Agreement (as this term is defined in clause 5.2 of the Agreement) and other amounts payable by the Client under the Salary Project and Fund Distribution Agreement (as this the term is defined in Clause 5.2 of the Agreement); (vii) the amount of remuneration to the Bank payable by the Client for the transactions performed and the services provided under any other contracts concluded between the Bank and the Client, in the amount stipulated by such contracts, (vii and) the amount of debt (due and/or overdue) of the Client under this Agreement and/or any other agreements concluded by the Client with the Bank (in including, but not limited to, any credit agreements, agreements on the provision of banking services, factoring agreements, surety agreements, etc.), in the amount of such debt. The periodicity and terms of debiting the amount of remuneration to the Bank, payable by the Client for the transactions performed and services provided under this Agreement and/or any other agreements between the Bank and the Client (simultaneously with the execution of the transaction, mon...
Sample 1
ACCOUNT DEBITING 
Sample 1

Related to ACCOUNT DEBITING

  • Debiting your account 1.1 By signing a Direct Debit Request or by providing us with a valid instruction, you have authorised us to arrange for funds to be debited from your account. You should refer to the Direct Debit Request and this agreement for the terms of the arrangement between us and you.

  • Credit Card Payments If You pay for the APEX Service using a credit card (to the extent available), then: (a) You authorize Dell to periodically charge Your credit card for the APEX Service fees; (b) You will be subject to any additional terms presented to You by the third-party credit card payment processor (which will be the merchant of record for that transaction); and (c) You are responsible for keeping Your credit card information up to date. You agree that Dell may request that Your credit card payment issuer pre-authorize and hold an amount equal to the next recurring fee (or an estimate if the fee is variable) for the APEX Service in advance of its due date.

  • Notice and Account Details Party A: To be advised. Party B: To be advised. 3.

  • Accounts In any litigation or arbitration proceedings arising out of or in connection with a Finance Document, the entries made in the accounts maintained by a Finance Party are prima facie evidence of the matters to which they relate.

  • Account Details (a) Account for payments to Counterparty: To be provided. Account for delivery of Shares to Counterparty: To be provided.

  • Direct Debit (a) Borrower agrees that interest and principal payments and fees will be deducted automatically on the due date from Borrower's account number 1458126057, or such other of Borrower's accounts with Bank as designated in writing by Borrower.

  • Debit Card You may use your debit card to purchase goods and services any place your debit card is honored by participating merchants. You agree that you will not use your debit card for any transaction that is illegal under applicable federal, state or local law. Funds to cover your debit card purchases will be deducted from your checking account. If the balance in your account is not sufficient to pay the transaction amount, the credit union will pay the amount and treat the transaction as a request to transfer funds from other deposit accounts, approved overdraft protection accounts or loan accounts that you have established with the Credit Union. If you initiate a transaction that overdraws your account, you agree to make immediate payment of any overdrafts together with any service charges to the Credit Union. In the event of repeated overdrafts, the Credit Union may terminate all services under this Agreement. You may use your debit card and PIN (Personal Identification Number) in automated teller machines of the Credit Union, CO-OP Network, and such other machines or facilities as the Credit Union may designate. At the present time, you may also use your debit card to: • Make deposits to your savings, checking and credit accounts. • Withdraw funds from your savings and accounts. • Transfer funds from your savings, checking and credit accounts. • Obtain balance information for your savings, checking and credit accounts. • Make loan payments from your savings, checking and credit accounts. • Access your Transfer Line of Credit or other line of credit account. • Make POS (Point-of-Sale) transactions with your debit card and PIN (Personal Identification Number) to purchase goods or services at merchants that accept Visa. • Order goods or services by mail or telephone from places that accept Visa. • Pay bills directly by telephone from your checking or savings account in the amounts and on the days you request The following limitations on the frequency and amount of debit card transactions may apply: • There may be a limit on the number of debit card purchases you make per day. • You may transfer up to the available balance in your accounts at the time of the transfer. You may not transfer more than the available balance. • See the Section called “Transfer Limitations” for transfer limitations that may apply to these transactions. • There are daily withdrawal and purchase limits. You will be notified of these limits by the credit union before you receive your access card.

  • Account The word "Account" means a trade account, account receivable, or other right to payment for goods sold or services rendered owing to Borrower (or to a third party grantor acceptable to Lender).

  • Account Information The account balance and transaction history information may be limited to recent account information involving your accounts. Also, the availability of funds for transfer or withdrawal may be limited due to the processing time for any ATM deposit transactions and our Funds Availability Policy.

  • New Accounts Contractor may ask State Agencies and other Authorized Users to provide information in order to facilitate the opening of a customer account, including documentation of eligibility to use New York State Contracts, agency code, name, address, and contact person. State Agencies shall not be required to provide credit references.

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