Common use of DEBIT OF OBLIGATIONS OR CREDIT CORRECTIONS Clause in Contracts

DEBIT OF OBLIGATIONS OR CREDIT CORRECTIONS.  THE CUSTOMER hereby authorizes THE BANK to charge to this account and to any other accounts held by the CUSTOMER, whether of savings, fixed time, time or security, the amount of any obligation or document representing an obligation existing in favor of THE BANK, including interest, commissions and expenses, whether debtor, co-debtor or guarantor, without the need of prior notice.  THE CUSTOMER hereby also authorizes THE BANK to debit from his checking account or any other bank account any sum that THE BANK has credited by means of checks or transfers of funds in which respect THE BANK has received claims for damage and /or prejudice for the performance of debits or denial of payment of checks or similar facts, produced by the circumstance that THE BANK has attended to requirements of this nature from the drawer of the checks or originator of the transfers which, for example, were issued by mistake or by fault or negligence ascribable to the drawer, which were not evidenced in the check or transfer order, such as the issuance of checks or transfers in favor of a deceased person and whose fact had not been informed previously in writing, to THE BANK, and in whose respect the beneficiary of such checks or transfers had given with the knowledge of the drawer, a written authorization to accredit them to a certain account or in which respect the beneficiary had given written authorization to endorse it in favor of a third person with the knowledge of the drawer or payer.

DEBIT OF OBLIGATIONS OR CREDIT CORRECTIONS.  THE CUSTOMER hereby authorizes THE BANK to charge to this account and to any other accounts held by the CUSTOMER, whether of savings, fixed time, time or security, the amount of any obligation or document representing an obligation existing in favor of THE BANK, including interest, commissions and expenses, whether debtor, co-debtor or guarantor, without the need of prior notice.  • THE CUSTOMER hereby also authorizes THE BANK to debit from his checking account or any other bank account any sum that THE BANK has credited by means of checks or transfers of funds in which respect THE BANK has received claims for damage and /or prejudice for the performance of debits or denial of payment of checks or similar facts, produced by the circumstance that THE BANK has attended to requirements of this nature from the drawer of the checks or originator of the transfers which, for example, were issued by mistake or by fault or negligence ascribable to the drawer, which were not evidenced in the check or transfer order, such as the issuance of checks or transfers in favor of a deceased person and whose fact had not been informed previously in writing, to THE BANK, and in whose respect the beneficiary of such checks or transfers had given with the knowledge of the drawer, a written authorization to accredit them to a certain account or in which respect the beneficiary had given written authorization to endorse it in favor of a third person with the knowledge of the drawer or payer.