Authorization for Direct Payment Clause Samples

The Authorization for Direct Payment clause allows a party to instruct a third party, such as a bank or employer, to make payments directly to another designated party. In practice, this clause is often used in situations like loan repayments, child support, or vendor payments, where funds are automatically transferred from the payer’s account to the recipient without manual intervention. Its core function is to ensure timely and reliable payments by streamlining the payment process and reducing the risk of missed or delayed payments.
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Authorization for Direct Payment. To effectuate any payment due under this Agreement, Borrower hereby requests and authorizes Lender to make advances directly to itself (to be charged against the Revolving Loan Sublimit) for payment and reimbursement of all interest, charges, actual and reasonable costs and expenses incurred by Lender in connection with the Loan, including, but not limited to, (i) interest due on the Loan, the Closing Fee, and other fees due to Lender in connection with the Loan; (ii) all filing, search, recording and registration fees and charges; (iii) all casualty, liability or other insurance premiums; and (iv) all reasonable Attorney’s Fees and Costs, including, without limitation, counsel engaged in connection with the enforcement or administration of this Agreement or any of the Loan Documents.
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Authorization for Direct Payment. Direct Payment via ACH is the transfer of funds to or from a consumer account for the purpose of making or receiving a payment. I (we) authorize Gifted Travel Network, Inc. (“COMPANY”) to electronically credit my (our) account (and, if necessary, electronically debit my (our) account to correct erroneous credits) as follows: Please select one: Personal Checking Account Personal Savings Account Business Checking Account Business Savings Account at the depository financial institution named below (“DEPOSITORY”). I (we) agree that ACH transactions I (we) authorize comply with all applicable law. Depository Name (Bank Name) Name on Account Billing Address on Account Routing Number Account Number Amount of credit(s) will vary month-to-month and will be based on commissions payable at “report date” as determined by separately executed Independent Contractor contract with Gifted Travel Network. Date(s) and/or frequency of credits (s): Monthly between the 1st and the 10th of each calendar month. I (we) understand that this authorization will remain in full force and effect until I (we) notify COMPANY in writing to ▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ that I (we) wish to revoke this authorization. I (we) understand that COMPANY requires at least 3 weeks prior notice in order to cancel this authorization. Name(s) (Please Print) Date Signature(s)
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Authorization for Direct Payment. I authorize the ▇▇▇’▇ Summit Water Utility and the financial institution named above to initiate entries to my checking/savings account. This authority will remain in effect until I notify you in writing to cancel it in such a time as to afford the financial institution a reasonable opportunity to act on it. The ▇▇▇’▇ Summit Water Utility reserves the right to terminate this payment plan or participation therein with due notification to the utility billing customer. I agree to be responsible for notifying the ▇▇▇’▇ Summit Water Utilities in writing of any changes in name, address or bank account informa- tion. I understand that ▇▇▇’▇ Summit Water Utilities retains the right to impose service fees for all dishonored depository items.
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Authorization for Direct Payment. To effectuate any payment due under this Agreement, Borrower hereby requests and authorizes Lender to make advances directly to itself for payment and reimbursement of all interest, charges, actual and reasonable costs and expenses incurred by L▇▇▇▇▇ in connection with the Loan, including, but not limited to, (i) interest due on the Loan, and other fees due to Lender in connection with the Loan (including, reasonable Attorney’s Fees and Costs); (ii) all filing, search, recording and registration fees and charges; (iii) all casualty, liability or other insurance premiums; and (iv) all reasonable Attorney’s Fees and Costs, including, without limitation, counsel engaged in connection with the enforcement or administration of this Agreement or any of the Loan Documents. Borrower shall be responsible to repay any Over-Advances arising as a result of this Section 4.3 and any such Over-Advance shall constitute Obligations due and payable to Lender hereunder.
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Related to Authorization for Direct Payment

  • Termination for Withdrawal of Authority Enterprise Services may suspend or terminate this Master Contract if, during the term hereof, Enterprise Services’ procurement authority is withdrawn, reduced, or limited such that Enterprise Services, in its judgment, would lack authority to enter into this Master Contract; Provided, however, that such suspension or termination for withdrawal of authority shall only be effective upon twenty (20) days prior written notice; and Provided further, that such suspension or termination for withdrawal of authority shall not relieve any Purchaser from payment for goods and/or services already ordered as of the effective date of such notice. Except as stated in this provision, in the event of such suspension or termination for withdrawal of authority, neither Enterprise Services nor any Purchaser shall have any obligation or liability to Contractor.

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  • Instructions for Certification – First Tier Participants a. By signing and submitting this proposal, the prospective first tier participant is providing the certification set out below. b. The inability of a person to provide the certification set out below will not necessarily result in denial of participation in this covered transaction. The prospective first tier participant shall submit an explanation of why it cannot provide the certification set out below. The certification or explanation will be considered in connection with the department or agency's determination whether to enter into this transaction. However, failure of the prospective first tier participant to furnish a certification or an explanation shall disqualify such a person from participation in this transaction. c. The certification in this clause is a material representation of fact upon which reliance was placed when the contracting agency determined to enter into this transaction. If it is later determined that the prospective participant knowingly rendered an erroneous certification, in addition to other remedies available to the Federal Government, the contracting agency may terminate this transaction for cause of default. d. The prospective first tier participant shall provide immediate written notice to the contracting agency to whom this proposal is submitted if any time the prospective first tier participant learns that its certification was erroneous when submitted or has become erroneous by reason of changed circumstances. e. The terms "covered transaction," "debarred," "suspended," "ineligible," "participant," "person," "principal," and "voluntarily excluded," as used in this clause, are defined in 2 CFR Parts 180 and 1200. “First Tier Covered Transactions” refers to any covered transaction between a grantee or subgrantee of Federal funds and a participant (such as the prime or general contract). “Lower Tier Covered Transactions” refers to any covered transaction under a First Tier Covered Transaction (such as subcontracts). “First Tier Participant” refers to the participant who has entered into a covered transaction with a grantee or subgrantee of Federal funds (such as the prime or general contractor). “Lower Tier Participant” refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • INSTRUCTIONS FOR COMPLETING REPAYMENT ELECTION FORM AND EXERCISING REPAYMENT OPTION Capitalized terms used and not defined herein have the meanings defined in the accompanying Repayment Election Form.

  • Settlement Class Certification The Settling Parties agree, for purposes of this settlement only, to the certification of the Settlement Class. If the settlement set forth in this Settlement Agreement is not approved by the Court, or if the Settlement Agreement is terminated or cancelled pursuant to the terms of this Settlement Agreement, this Settlement Agreement, and the certification of the Settlement Class provided for herein, will be vacated and the Litigation shall proceed as though the Settlement Class had never been certified, without prejudice to any Person’s or Settling Party’s position on the issue of class certification or any other issue. The Settling Parties’ agreement to the certification of the Settlement Class is also without prejudice to any position asserted by the Settling Parties in any other proceeding, case or action, as to which all of their rights are specifically preserved.