Authority to Debit and Credit Sample Clauses

Authority to Debit and Credit. The Borrower does hereby expressly and irrevocably authorize the Administrative Agent to effect all any necessary debits, deposits, credits and transfers in, from or to the Borrower’s Account, in order to accommodate the Lenders in making Advances and in order to accommodate the Borrower in making payments of the principal, interest and fees required to be made to the Finance Parties and the Administrative Agent under Articles 3 to 8 inclusively, the whole under and subject to the provisions of this Agreement.
AutoNDA by SimpleDocs
Authority to Debit and Credit. Subject to the provisions of this Agreement, the Borrower does hereby expressly and irrevocably authorize the Agent to effect all the necessary debits, deposits and credits in the Borrower's Accounts in order to accommodate the Lenders in making advances and in order to accommodate the Borrower in making payments to the Lenders, the whole under and subject to the terms of this Agreement.
Authority to Debit and Credit. Subject to the provisions of this Agreement, the Borrower does hereby expressly and irrevocably authorize the Agent to effect all the necessary debits, deposits and credits (with respect to the Canadian Dollar Account and the U.S. Dollar Account) and does hereby expressly and irrevocably authorize the Overdraft Provider to effect all the necessary debits, deposits and credits (with respect to the Canadian Operating Account and the U.S. Operating Account) in order to accommodate the Lenders in making Advances and in order to accommodate the Borrower in making payments to the Lenders.
Authority to Debit and Credit. Except as consented to by the Administrative Agent, the Borrower and Restricted Subsidiaries will maintain all of its accounts at the Calgary Branch of NBC through which each will conduct all of its banking activities. The Administrative Agent is irrevocably authorized, but is not obligated, to effect: (i) all deposits and credits to the Borrower's Canadian Dollar Account and the Borrower's U.S. Dollar Account in order to accommodate the Lenders in making Advances under the Credit Facility; and (ii) all debits to the Canadian Dollar Account and U.S. Dollar Account for payments of principal, interest, fees and other amounts to be made by the Borrower to the Administrative Agent and the Lenders pursuant to this Agreement.
Authority to Debit and Credit. Subject to the provisions of this Agreement, each Borrower does hereby expressly and irrevocably authorize the Canadian Administrative Agent to effect all the necessary debits, deposits and credits (with respect to the Borrower's Accounts) in order to accommodate the Lenders in making Credit Extensions and in order to accommodate the Borrowers in making payments to the Lenders.

Related to Authority to Debit and Credit

  • Authority to Sign If this document is not signed by all of the persons comprising the Supplier, any person who has signed this document warrants to DFMC that it is duly authorised to sign and bind all the persons comprising the Supplier.

  • Authority to Sell The execution and delivery of this Agreement, and the completion of the transaction contemplated by this Agreement has been duly and validly authorized by all necessary corporate action on the part of the Vendor, and this Agreement constitutes a legal, valid and binding obligation of the Vendor enforceable against the Vendor in accordance with its terms except as may be limited by laws of general application affecting the rights of creditors;

  • Authority to Borrow We authorize you to advance your own funds for our account, charging current interest rates, or to arrange loans for our account or the account of the Underwriters, as you may deem necessary or advisable for the purchase, carrying, sale and distribution of the Securities. You may execute and deliver any notes or other instruments required in connection therewith and may hold or pledge as security therefor all or any part of the Securities which we or such Underwriters have agreed to purchase. The obligations of the Underwriters under loans arranged on their behalf shall be several in proportion to their respective participations in such loans, and not joint. Any lender is authorized to accept your instructions as to the disposition of the proceeds of any such loans. You shall credit each Underwriter with the proceeds of any loans made for its account.

  • Instructions; Authority to Act The Servicer shall be deemed to have received proper instructions with respect to the Receivable Files upon its receipt of written instructions signed by a Trust Officer of the Indenture Trustee.

  • Authority to Bind Each individual who executes this Agreement on behalf of a party represents that he/she is duly authorized to execute this Agreement on behalf of that party and is operating within the scope of his/her authority.

  • Authority to Act Architect/Engineer warrants, represents, and agrees that (1) it is a duly organized and validly existing legal entity in good standing under the laws of the state of its incorporation or organization; (2) it is duly authorized and in good standing to conduct business in the State of Texas; (3) it has all necessary power and has received all necessary approvals to execute and deliver this Agreement; and (4) the individual executing this Agreement on behalf of Architect/Engineer has been duly authorized to act for and bind Architect/Engineer.

  • Authority to Execute Each person executing this Agreement represents and warrants that he or she is duly authorized and has legal authority to execute and deliver this Agreement. Each party represents and warrants to the other that the execution and delivery of this Agreement and the performance of such party’s obligations hereunder have been duly authorized. [Signatures on Following Page]

  • Authority to Administer Collateral Each Lien Grantor irrevocably appoints the Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

  • Authority to Contract Each party represents and warrants that it has full power and authority to enter into this Agreement and perform its obligations hereunder, and that it has taken all actions necessary to authorize entering into this Agreement.

  • Authority to Execute Agreement Each of the Parties represents and warrants that its undersigned representative has been expressly authorized to execute this Agreement for and on behalf of such Party.

Time is Money Join Law Insider Premium to draft better contracts faster.