Common use of Automatic Payment Clause in Contracts

Automatic Payment. If Customer has enrolled in the Automatic Payments program, Customer authorizes Bank to make Automatic Payments to be effective on the Payment Due Date or next business day following Payment Due Date. Customer agrees that this authorization will remain in effect until revoked or changed by Customer by giving written notice to Bank of the revocation or change at least ten (10) business days before the next Payment Due Date. Customer understands that if an Automatic Payment does not occur for any reason whatsoever, Customer is still required to make the required monthly payment and Customer will be responsible for any late fees, charges, or other consequences of late or non-payment. If Customer does not enroll in the Automatic Payment program or if the authorization is otherwise revoked or terminated, Customer is solely responsible for timely making all payments required under this Agreement in some other permitted manner.

Automatic Payment. If Customer has enrolled in the Automatic Payments programoption, Customer authorizes Bank to make Automatic Payments to be effective on the Payment Due Date or next business day following Payment Due Date. Customer agrees that this authorization will remain in effect until revoked or changed by Customer by giving written notice to Bank of the revocation or change at least ten (10) business days Business Days before the next Payment Due Date. Customer understands that if an Automatic Payment does not occur for any reason whatsoever, Customer is still required to make the required monthly payment and Customer will be responsible for any late fees, charges, or other consequences of late or non-payment. If Customer does not enroll in the Automatic Payment program option is revoked, terminated or if the authorization is otherwise revoked or terminated, not effective for any reason Customer is solely responsible for timely making all payments required under this Agreement in some other permitted manner.