Common use of Direct Debit Clause in Contracts

Direct Debit. The Borrower agrees that on the due date of any amount due under this Agreement, the Bank will debit the amount due from deposit account number 3473768853 owned by the Borrower, or such other of the Borrower’s accounts with the Bank as designated in writing by the Borrower (the “Designated Account”). Should there be insufficient funds in the Designated Account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by the Borrower.

Appears in 1 contract

Sources: Credit Agreement (Nic Inc)

Direct Debit. The Borrower agrees that on the due date of any amount due under this Agreement, the Bank Lender will debit the amount due from deposit account number 3473768853 number____________ owned by the Borrower, or such other of the Borrower’s accounts with the Bank Lender as designated in writing by the Borrower (the “Designated Account”). Should there be insufficient funds in the Designated Account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by the Borrower.

Appears in 1 contract

Sources: Loan Agreement (Stryve Foods, Inc.)

Direct Debit. The Borrower agrees that on the due date of any amount due under this Agreement, the Bank will debit the amount due from deposit account number 3473768853 ▇▇▇▇▇▇▇▇▇▇ owned by the Borrower, or such other of the Borrower’s accounts with the Bank as designated in writing by the Borrower (the "Designated Account"). Should there be insufficient funds in the Designated Account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by the Borrower.

Appears in 1 contract

Sources: Credit Agreement (Tejon Ranch Co)

Direct Debit. The Borrower agrees that on the due date of any amount due under this Agreement, the Bank will debit the amount due from deposit account number 3473768853 owned by the Borrower, ,or such other of the Borrower’s accounts with the Bank as designated in writing by the Borrower (the “Designated Account”). Should there be insufficient funds in the Designated Account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by the Borrower.

Appears in 1 contract

Sources: Credit Agreement (Bowman Consulting Group Ltd.)

Direct Debit. The Borrower agrees that on the due date of any amount due under this Agreement, the Bank will debit the amount due from deposit account number 3473768853 ______________ owned by the Borrower, or such other of the Borrower’s accounts with the Bank as designated in writing by the Borrower (the "Designated Account"). Should there be insufficient funds in the Designated Account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by the Borrower.

Appears in 1 contract

Sources: Loan Agreement (Thorne Healthtech, Inc.)

Direct Debit. The Borrower agrees that on the due date of any amount due under this Agreement, the Bank will debit the amount due from deposit account number 3473768853 owned by the Borrower, or such other of the Borrower’s accounts deposit account with the Bank as designated in writing by the Borrower (the "Designated Account"). Should there be insufficient funds in the Designated Account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by the Borrower.

Appears in 1 contract

Sources: Loan Agreement (Natures Sunshine Products Inc)

Direct Debit. (a) The Borrower agrees that on the due date of any amount due under this Agreement, the Bank will debit the amount due from deposit account number 3473768853 4▇▇▇▇▇▇▇▇▇ 101 owned by the Borrower, or such other of the Borrower’s accounts with the Bank as designated in writing by the Borrower (the "Designated Account"). Should there be insufficient funds in the Designated Account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by the Borrower.

Appears in 1 contract

Sources: Loan Agreement (Lakeland Industries Inc)

Direct Debit. The Borrower ▇▇▇▇▇▇▇▇ agrees that on the due date of any amount due under this Agreement, the Bank will debit the amount due from deposit account number 3473768853 4451414584 owned by the RPH Borrower, or such other of the either Borrower’s accounts with the Bank as designated in writing by the such Borrower (the “Designated Account”). Should there be insufficient funds in the Designated Account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by the Borrower.

Appears in 1 contract

Sources: Loan Agreement (Royalty Pharma PLC)

Direct Debit. The Borrower agrees that on the due date of any amount due under this Agreement, the Bank will debit the amount due from a deposit account number 3473768853 owned by to be agreed between the BorrowerBorrower and Bank, or such other of the Borrower’s accounts with the Bank as designated in writing by the Borrower (the “Designated Account”). Should there be insufficient funds in the Designated Account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by the Borrower.

Appears in 1 contract

Sources: Loan Agreement (Versar Inc)

Direct Debit. The Borrower agrees that on the due date of any amount due under this Agreement, the Bank will debit the amount due from deposit account number 3473768853 owned by the Borrower, or such other of the Borrower’s accounts deposit account with the Bank as designated in writing by the Borrower (the “Designated Account”). Should there be insufficient funds in the Designated Account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by the Borrower.

Appears in 1 contract

Sources: Loan Agreement (Lifevantage Corp)

Direct Debit. The Each Borrower agrees that on the due date of any amount due under this Agreement, the Bank will debit the amount due from deposit account number 3473768853 [_____________] owned by the any Borrower, or such other of the Borrower’s Borrowers’ accounts with the Bank as designated in writing by the Borrower Borrowers (the “Designated Account”). Should there be insufficient funds in the Designated Account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by the BorrowerBorrowers.

Appears in 1 contract

Sources: Loan Agreement (Hooker Furniture Corp)

Direct Debit. The Borrower agrees that on the due date of any amount due under this Agreement, the Bank Lender will debit the amount due from deposit account number 3473768853 owned by the Borrower, or such other of the Borrower’s accounts with the Bank Lender as designated in writing by the Borrower (the “Designated Account”). Should there be insufficient funds in the Designated Account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by the Borrower.

Appears in 1 contract

Sources: Loan Agreement (Stryve Foods, Inc.)

Direct Debit. The Each Borrower agrees that on the due date of any amount due under this Agreement, the Bank will debit the amount due from deposit account number 3473768853 000010067279 owned by the any Borrower, or such other of the Borrower’s Borrowers’ accounts with the Bank as designated in writing by the Borrower Borrowers (the “Designated Account”). Should there be insufficient funds in the Designated Account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by the BorrowerBorrowers.

Appears in 1 contract

Sources: Loan Agreement (Hooker Furniture Corp)

Direct Debit. (a) The Borrower agrees that on the due date of any amount due under this Agreement, the Bank will debit the amount due from deposit account number 3473768853 owned by the Borrower, or such other of the Borrower’s accounts with the Bank as designated in writing by the Borrower (the “Designated Account”). Should there be insufficient funds in the Designated Account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by the Borrower.

Appears in 1 contract

Sources: Loan Agreement (Graham Corp)