CHARGE AUTHORIZATION Clause Samples

CHARGE AUTHORIZATION. Vessel Owner hereby authorizes Licensor to charge the account or credit card provided by Vessel Owner on the separate “Charge Authorization” form provided and updated from time to time by Vessel Owner for all license fees and all purchases of goods or services by Vessel Owner, when they occur, on the first day of each month. Authorization will be cancelled on the same date Vessel Owner's Vessel is removed from the Marina (as defined in Paragraph 2 of this Agreement) only after all amounts due by Vessel Owner have been charged to such account or credit card and the required advance notice is given by Vessel Owner to Licensor and Vessel Owner has met all the terms of this Agreement.

CHARGE AUTHORIZATION. The “CUSTOMER” authorizes “INTERCAM BANCO” to charge against any account opened in accordance with Chapter I of this instrument or bank deposit of money agreement or of any type that “INTERCAM BANCO” operated or that may be operated thereby, the unpaid amounts, arising from the liquidation of the “OPERATIONS”, as well as the debts for interests, commissions, expenses and any other ancillary government charges arising from this Agreement. The relevant compensation may only be made when the “CUSTOMER” has a debit balance past due for more than two (2) days after the relevant payment obligation is generated.

CHARGE AUTHORIZATION. Tenant authorizes Landlord and its bank (“Agent”) to debit the Account monthly in an amount equal to the total Rent required of Tenant under the Lease on the date such payment is due. Tenant acknowledges and agrees that, subject to this Section and Section 54.4 hereof, for the entire Lease term, including all renewals and extensions, Landlord or Agent will debit monthly payments of Rent from the Account. Tenant acknowledges and agrees that the debits to the Account made or attempted to be made by Landlord or Agent in no way lessen or alter Tenant’s obligations under the Lease, including, without limitation, those provisions regarding the amount of Rent, the amount of all adjustments to Rent, when payments are due, the application of payments and the assessment of late payment charges and interest on delinquent rental payments. Tenant shall at all times be solely responsible for all fees, charges and expenses in any way related to (i) opening, maintaining and/or closing the Account or (ii) any transfers in or from the Account. Tenant shall at all times maintain sufficient funds in the Account to cover the amount of each monthly debit to be made by Landlord or Agent under this Article. The failure to so maintain such funds shall constitute a material monetary default by Tenant under the Lease. Tenant agrees that a copy of this Article may be delivered by Landlord to any financial institution for the purpose of confirming to that financial institution that Landlord, or its Agent, is authorized to debit the Account monthly in accordance with and subject to the terms of this Article.