ACCOUNT DEBITS Sample Clauses

ACCOUNT DEBITS. Any use of a Card shall authorize us to charge your Account for the amount of any purchase, cash advance, or other withdrawal. You waive any right to stop payment on any Card transaction. If the payment of a Card transaction would overdraw the Account, we have the option to charge all or a portion of the transaction amount against any other deposits or accounts you maintain with us. You agree that we may pay Card transactions in any order we choose, including paying Card transactions prior to checks and other items drawn on the Account. We also have the right to place immediate holds on funds in the Account in order to pay for Card transactions which we have authorized and are subsequently presented to us for payment. If you gain access with the use of a Card to an account which is not available to you, we can charge or credit the transaction to any of your existing business checking accounts.
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ACCOUNT DEBITS. Any use of a Card shall authorize us to charge your Account for the amount of any purchase. You waive any right to stop payment on any Card transaction. If the payment of a Card transaction would cause you to exceed your line of credit limit, we have the option to charge all or a portion of the transaction amount against any other deposits or accounts you maintain with us. You agree that we may pay Card transactions in any order we choose. If you gain access with the use of a Card to an account which is not available to you, we can charge or credit the transaction to any of your existing business checking accounts.
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ACCOUNT DEBITS. If you do not specify a settlement date, generally we will debit your Account for any tax payment on the Business Day you transmit payment instructions to us. If you specify a settlement date, generally we will debit your account on the settlement date unless you are prefunding your tax payments. "Prefunding" means that you pay for all tax payments by such time before the settlement date as we may specify. At our discretion, we may at any time without notice debit your Account on the Business Day that tax payment instructions are transmitted to us (or on any other date before the payment date). If we debit funds on the transmission date (or any other date before the payment date), we hold the funds as a deposit liability to you, and not as trust funds, until the date when we remit them to the applicable tax authority. We will not pay you interest on such funds. If your tax payment instructions are unclear or inadequate in our sole determination to permit us to determine the later due date, or if we otherwise reasonably decide that any delay in the payment of the tax may expose you to liability for a penalty, we reserve the right to debit your Account and to make a tax payment earlier than the tax due date. In such case, we will not be liable to you for any loss of funds.
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ACCOUNT DEBITS. Each month, monthly purchases will be compared to the budget for that month. Purchases in excess of monthly budgets will be debited against an agency’s water bank account. Bank debits remaining at the end of the fiscal year will be subject to excess use charges (see Section 4).
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ACCOUNT DEBITS. Any use of a Card shall authorize us to charge your Account for the amount of any purchase, cash advance, or other withdrawal. You waive any right to stop payment on any Card transaction. If the payment of a Card transaction would overdraw the Account, we have the option to charge all or a portion of the transaction amount against any other deposits or accounts you maintain with us. You agree that we may pay Card transactions in any order we choose, including paying Card transactions prior to checks and other items drawn on the Account. We also have the right to place immediate holds on funds in the Account in order to pay for Card transactions which we have authorized and are subsequently presented to us for payment. If you gain access with the use of a Card to an account which is not available to you, we can charge or credit the transaction to any of your existing business checking accounts. Service and processing fees may be imposed for any type of card transaction by third parties involved in handling such transactions and included in the indicated charge on your statement. For ATM transactions at other parties’ ATMs, surcharge and other fees may be imposed which may or may not be disclosed at the ATM in accordance with local laws and regulations pertaining to the ATM.
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ACCOUNT DEBITS. If you do not specify a settlement date, generally we will debit your Account for any tax payment on the Business Day you transmit payment instructions to us. If you specify a settlement date, generally we will debit your account on the settlement date unless you are prefunding your tax payments. "Prefunding" means that you pay for all tax payments by such time before the settlement date as we may specify. At our discretion, we may at any time without notice debit your Account on the Business Day that tax payment instructions are transmitted to us (or on any other date before the payment date). If we debit funds on the transmission date (or any other date before the payment date), we hold the funds as a deposit liability to you, and not as trust funds, until the date when we remit them to the applicable tax authority. We will not pay you interest on such funds. If your tax payment instructions are unclear or inadequate in our sole determination to permit us to determine the later due date, or if we otherwise reasonably decide that any delay in the payment of the tax may expose you to liability for a penalty, we reserve the right to debit your Account and to make a tax payment earlier than the tax due date. In such case, we will not be liable to you for any loss of funds. Rejection of Instructions. We may reject your tax payment instructions during or immediately after transmission if they do not comply with the requirements of the Instructions or if we have been unable to verify the instructions using our security procedures. You will be informed of any such rejection in accordance with the Instructions. We also may decline to perform any Tax Payment service or to report any tax, file any tax form, or pay any related tax for you, even if we have received authenticated instructions from you to do so, if the payment and our related service fees and charges exceed the collected and available balance in your Account or our ACH processing limits. If we reject a tax payment instruction from you for such reason, we will promptly notify you by telephone, facsimile or electronic communication (through Online Banking or otherwise). Bank will not be liable to you for the tax payment, any interest on the amount of your tax liability, or for any tax penalty imposed on you in connection with the tax liability. You agree that notification through the means contemplated in this paragraph are reasonable.
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ACCOUNT DEBITS. The Borrower irrevocably authorizes the Bank to debit periodically or from time to time any bank account it maintains at the Bank in order to pay all or part of the amounts it may owe to the Bank hereunder.
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Related to ACCOUNT DEBITS

  • Notification of Account Debtors MLBFS may notify any Account Debtor that its Account or Chattel Paper has been assigned to MLBFS and direct such Account Debtor to make payment directly to MLBFS of all amounts due or becoming due with respect to such Account or Chattel Paper; and MLBFS may enforce payment and collect, by legal proceedings or otherwise, such Account or Chattel Paper.

  • Notice to Account Debtors Lender may, at any time after an Event of Default, notify the account debtors and obligors of any accounts, chattel paper, negotiable instruments or other evidences of indebtedness to Borrower included in the Property to pay Lender directly. Borrower shall at any time or from time to time upon the request of Lender provide to Lender a current list of all such account debtors and obligors and their addresses.

  • Collection of Accounts Receivable (a) At the Closing, Sellers' Agents shall designate Purchaser as its agent solely for the purposes of collecting the MMP Accounts Receivable. Purchaser will collect the MMP Accounts Receivable during the period beginning on the Closing Date and ending on the 180th day after the Closing Date (the "Collection Period") with the same care and diligence Purchaser uses with respect to its own accounts receivable and hold all such MMP Accounts Receivable in trust for Sellers until remitted by Purchaser to the Indemnification Escrow Agent or the Collections Account pursuant hereto. Purchaser shall not make any referral or compromise of any of the MMP Accounts Receivable to a collection agency or attorney for collection and shall not settle or adjust the amount of any of the MMP Accounts Receivable without the written approval of Sellers' Agent. If, during the Collection Period, Purchaser receives monies from an account debtor of Purchaser that is also an account debtor of MMP with respect to any MMP Accounts Receivable, Purchaser shall credit the sums received to the oldest account due, except where an account is disputed by the account debtor as properly due, and the account debtor has so notified Purchaser in writing, in which case, payments received shall be applied in accordance with the account debtor's instructions; provided that upon resolution of such dispute if any amounts in dispute are received by Purchaser, Purchaser shall remit such amounts to the Indemnification Escrow Agent in accordance with the Indemnification Escrow Agreement up to the amount of the Additional Indemnification Amount Deposit and, thereafter, to the Collections Account.

  • Accounts Receivable; Accounts Payable All accounts receivable of Emergent and its Subsidiaries reflected in the Interim Financial Statements and all accounts receivable that are reflected on the books of Emergent and its Subsidiaries as of the Closing Date (net of allowances for doubtful accounts as reflected thereon and as determined in accordance with GAAP) are obligations arising from sales actually made or services actually performed in the Ordinary Course of Business arising in connection with bona fide arm’s length transactions with Persons who are not Affiliates of Emergent or any of its Subsidiaries, constitute valid undisputed claims and are not, by their terms, subject to defenses, set-offs or counterclaims. Neither Emergent nor any of its Subsidiaries has received written notice from or on behalf of any obligor of any such accounts receivable that such obligor is unwilling or unable to pay a material portion of such accounts receivable. All accounts payable and notes payable of Emergent and its Subsidiaries arose in bona fide arm’s length transactions in the Ordinary Course of Business and with Persons who are not Affiliates of Emergent or any of its Subsidiaries, and no such account payable or note payable is materially delinquent in its payment.

  • Account Debtor The words "Account Debtor" mean the person or entity obligated upon an Account.

  • Accounts Receivable and Payable The accounts receivable reflected on the Financial Statements arose in the ordinary course of business and, except as reserved against on the Financial Statements, are collectible in the ordinary course of business and consistent with past practices, free of any claims, rights or defenses of any account debtor. Except as set forth on Schedule 5(g), no accounts payable of the Company are, at this date, over 45 days old and no accounts payable of the Company will be over 45 days old at the Closing Date.

  • Accounts Receivable and Accounts Payable 7 (a) General.....................................................7 (b)

  • Accounts Receivables Each existing Account constitutes, and each hereafter arising Account will, when such Account arises, constitute, the legally valid and binding obligation of the Account Debtor, except where the failure to do so could not reasonably be expected, individually or in the aggregate, to materially adversely affect the value or collectability of the Accounts included in the Collateral, taken as a whole. No Account Debtor has any defense, set-off, claim or counterclaim against any Grantor that can be asserted against the Administrative Agent, whether in any proceeding to enforce the Administrative Agent’s rights in the Accounts included in the Collateral, or otherwise, except for defenses, setoffs, claims or counterclaims that could not reasonably be expected, individually or in the aggregate, to materially adversely affect the value or collectability of the Accounts included in the Collateral, taken as a whole. None of the Grantors’ accounts receivables are, nor will any hereafter arising account receivable be, evidenced by a promissory note or other Instrument (other than a check) that has not been pledged to the Administrative Agent in accordance with the terms hereof.

  • Accounts Receivable All accounts receivable of the Acquired Companies that are reflected on the Balance Sheet or the Interim Balance Sheet or on the accounting records of the Acquired Companies as of the Closing Date (collectively, the "Accounts Receivable") represent or will represent valid obligations arising from sales actually made or services actually performed in the Ordinary Course of Business. Unless paid prior to the Closing Date, the Accounts Receivable are or will be as of the Closing Date current and collectible net of the respective reserves shown on the Balance Sheet or the Interim Balance Sheet or on the accounting records of the Acquired Companies as of the Closing Date (which reserves are adequate and calculated consistent with past practice and, in the case of the reserve as of the Closing Date, will not represent a greater percentage of the Accounts Receivable as of the Closing Date than the reserve reflected in the Interim Balance Sheet represented of the Accounts Receivable reflected therein and will not represent a material adverse change in the composition of such Accounts Receivable in terms of aging). Subject to such reserves, each of the Accounts Receivable either has been or will be collected in full, without any set-off, within ninety days after the day on which it first becomes due and payable. There is no contest, claim, or right of set-off, other than returns in the Ordinary Course of Business, under any Contract with any obligor of an Accounts Receivable relating to the amount or validity of such Accounts Receivable. Part 3.8 of the Disclosure Letter contains a complete and accurate list of all Accounts Receivable as of the date of the Interim Balance Sheet, which list sets forth the aging of such Accounts Receivable.

  • Lock-Box Accounts The names and addresses of all of the Lock-Box Banks, together with the account numbers of the Lock-Box Accounts at such Lock-Box Banks, are specified in Schedule 6.1(n).

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