Authorized Debit Sample Clauses
The Authorized Debit clause grants one party the right to withdraw funds directly from another party’s account, typically as a means of collecting payments owed under an agreement. In practice, this clause specifies the conditions under which debits can occur, such as the timing, amount, and required notifications, and may apply to recurring payments like subscription fees or loan repayments. Its core function is to streamline payment processes and reduce the risk of missed or late payments by enabling automatic transfers, thereby ensuring timely fulfillment of financial obligations.
Authorized Debit. Each of the Borrowers authorizes the Administration Agent and each Lender to debit such Borrower’s accounts with the amounts required to pay principal, interest, stamping fees, Commitment Fees and other amounts required to be paid by the Borrowers under this Agreement.
Authorized Debit. Company authorizes and directs Administrative Agent to automatically debit the Company’s bank accounts for all amounts payable by Company under this Agreement, including the repayment of principal and the payment of interest and fees and all charges agreed to by Company for the maintaining of the Company’s accounts. Administrative Agent shall, as soon as is practical after making any such debit, inform Company of the amount thereof and provide reasonable details of the calculation thereof.
Authorized Debit. The Borrowers authorize the Lenders to debit the Borrowers' accounts with the amounts required to pay principal, interest, Stamping Fees, Commitment Fees and other amounts required to be paid by the Borrowers under this Agreement.
Authorized Debit. The Borrower authorizes the Administrative Agent to debit the Borrower's accounts with the amounts required to pay interest, BA Stamping Fees, LCG Fees or 364 Day Commitment Fees required to be paid by the Borrower in connection with Drawings, Rollovers and Conversions hereunder.
Authorized Debit. 31 2.20 COMMITMENT FEE.........................................................31 2.21 ARRANGEMENT FEE........................................................31 2.22 ADJUSTMENTS TO INTEREST RATES AND FEES.................................31
Authorized Debit. This agreement is valid as long as my child remains enrolled at AvH. Please note that we are only able to associate one bank account per client. I agree to pay the tuition fees in 10 equal payments starting on September 1 and ending on June 1 of the respective school year (pre-authorized debit mandatory) I agree to pay the tuition fees in 2 payments on September 1 and on February 1 of the respective school ➢ First payment is 50% ➢ Second payment is 50% I agree to pay the tuition fees in 1 payment on September 1 of the respective school year The invoice will be sent to you via email prior to the direct debit being processed. Please make sure your account is covered on each payment collection date, otherwise additional fees will apply. IMPORTANT: If you choose the monthly option, pre-authorized debit is MANDATORY. The debit will be processed from my Personal account Business account (=corporate fee) on the 1st day of the month, or the next business day. Please note that there may be a delay in processing the September 1st payment. I may revoke my authorization at any time and change my banking information subject to providing notice of 30 days. To obtain a sample cancellation form, or for more information on my right to cancel a Pre-Authorized Debit Agreement, I may contact my financial institution or visit ▇▇▇.▇▇▇▇▇▇.▇▇. For inquiries, please contact: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ at ▇▇▇-▇▇▇-▇▇▇▇, ext 223 Email: ▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇▇▇▇▇▇.▇▇.▇▇. I have certain recourse rights if any debit does not comply with this agreement. I have the right to receive reimbursement for any debit that is not authorized or is not consistent with this Pre-Authorized Debit Agreement. To obtain more information on my recourse rights, I may contact my financial institution or visit ▇▇▇.▇▇▇▇▇▇.▇▇.
Authorized Debit. The Borrower hereby authorizes and directs the Agent to debit the Borrower's demand deposit account number ▇▇▇▇▇▇▇▇ with Agent for the amount of all sums coming due under the Notes, on the date when due. Nothing contained herein shall relieve the Borrower of its obligations to make payments under the Notes as and when they become due, and if the Agent is unable to debit any amount when it becomes due because of insufficient funds in the designated account, then the Borrower shall be responsible for immediately paying the applicable amount to the Agent. Any failure by the Borrower to pay such amount when due shall constitute an Event of Default under SECTION 10.1 hereof.
Authorized Debit. I hereby authorize Public Utility District No. 1 of Asotin County, hereinafter called PUD, to initiate debit entries to my account at the financial institution named below, hereinafter called Depository.
Authorized Debit. Each Borrower authorizes the Agent to debit such ▇▇▇▇▇▇▇▇’s accounts with the amounts required to pay principal, interest, Stamping Fees, Standby Fees, Letter of Credit Fees and other amounts required to be paid by such Borrower under this Agreement.