Common use of Auto Debit Authorization Clause in Contracts

Auto Debit Authorization. THIS SECTION 22 PROVIDES AUTHORIZATION TO AUTOMATICALLY DEBIT COMPANY’S LINKED ACCOAUMNOTUNSTSFCOOMRPANAYLOLWES UNDER THIS AGREEMENT. THE COMPANY MUST READ IT CAREFULLY. UPON ▇▇▇▇▇▇’ REQUEST, TH DELIVER A “PAD AGREEMENT, WHICH AUTHORIZES ▇▇▇▇▇▇ TO DE FOR ALL AMOUNTS OWED UNDER THIS AGREEMENT. a. Company authorizes Jeeves or its assigns to collect amounts owed under this Agreement by debiting funds from the Linked Accounts at depository institutions (including banks and credit unions) via ACH. These debits are bound by NACHA rules for business-related ACH debits in the United States and the equivalent rules in the applicable jurisdiction outside of the United States. b. Jeeves will debit Linked Accounts for all amounts owed to us under this Agreement. If these amounts cannot be collected via ACH for any reason, Company agrees to immediately pay all amounts owed as directed by ▇▇▇▇▇▇. Company also authorizes Jeeves or its assigns to debit Linked Accounts immediately, on any date, and without additional Notice where (a) the total aggregate balance of Linked Accounts is less than any balance minimums that have been communicated to Company; or (b) Jeeves determines, in its sole discretion, that the Company poses or may pose an unacceptable risk to Jeeves, Issuers, or third parties or no longer satisfies the underwriting criteria used to establish the Spending Limit for Company. c. To withdraw the debit authorization from a Linked Account, Company must provide Jeeves thirty (30) day advance written Notice and pay all amounts owed on the Account immediately, including Charges and other amounts that may be included in future Periodic Statements. Withdrawal of a debit authorization does not terminate the Agreement or Company’s obligation to pay all amounts owed under this Agreement or the Payment Method Terms. Company will be responsible for all costs of collections and damages under this Agreement if amounts owed are not paid by Company as described in this Agreement.

Auto Debit Authorization. THIS SECTION 22 PROVIDES AUTHORIZATION TO AUTOMATICALLY DEBIT COMPANY’S LINKED ACCOAUMNOTUNSTSFCOOMRPANAYLOLWES ACCOUNTS FOR ALL AMOUNTS COMPANY OWES UNDER THIS AGREEMENT. THE COMPANY MUST READ IT CAREFULLY. UPON ▇▇▇▇▇▇’ REQUEST, TH THE COMPANY SHALL EXECUTE AND DELIVER A “PAD AGREEMENT, WHICH AUTHORIZES ▇▇▇▇▇▇ TO DE DEBIT COMPANY’S LINKED ACCOUNT FOR ALL AMOUNTS OWED UNDER THIS AGREEMENT. a. Company authorizes Jeeves or its assigns to collect amounts owed under this Agreement by debiting funds from the Linked Accounts at depository institutions (including banks and credit unions) via ACH. These debits are bound by NACHA rules for business-related ACH debits in the United States and the equivalent rules in the applicable jurisdiction outside of the United States. b. Jeeves will debit Linked Accounts for all amounts owed to us under this Agreement. If these amounts cannot be collected via ACH for any reason, Company agrees to immediately pay all amounts owed as directed by ▇▇▇▇▇▇. Company also authorizes Jeeves or its assigns to debit Linked Accounts immediately, on any date, and without additional Notice where (a) the total aggregate balance of Linked Accounts is less than any balance minimums that have been communicated to Company; or (b) Jeeves determines, in its sole discretion, that the Company poses or may pose an unacceptable risk to Jeeves, Issuers, or third parties or no longer satisfies the underwriting criteria used to establish the Spending Limit for Company. c. To withdraw the debit authorization from a Linked Account, Company must provide Jeeves thirty (30) day advance written Notice and pay all amounts owed on the Account immediately, including Charges and other amounts that may be included in future Periodic Statements. Withdrawal of a debit authorization does not terminate the Agreement or Company’s obligation to pay all amounts owed under this Agreement or the Payment Method Terms. Company will be responsible for all costs of collections and damages under this Agreement if amounts owed are not paid by Company as described in this Agreement.