Common use of Automatic Transfers Clause in Contracts

Automatic Transfers. If Lessee so agrees, Lessor will initiate monthly debit entries to Lessee's bank account for payment of Rental Payments on the fifth business day of each month. If Lessee agrees to automatic transfers, Lessee will provide depository and account information to Lessor and shall execute or cause to be executed such supplemental agreements as Lessor deems necessary in order to instate and maintain automatic transfer payments by Lessee to Lessor. Other amounts due hereunder will be invoiced to Lessee by Lessor and shall be due and payable within five (5) days of receipt of invoice.

Automatic Transfers. If Lessee so agrees, Lessor will initiate monthly debit entries to Lessee's bank account for payment of Rental Payments on the fifth business day of each month. If Lessee agrees to automatic transfers, Lessee will provide depository and account information to Lessor and shall execute or cause to be executed such supplemental agreements as Lessor deems necessary in order to instate and maintain automatic transfer payments by Lessee to Lessor. Other amounts due hereunder will be invoiced to Lessee by Lessor and shall be due and payable within five (5) business days of receipt of invoice.