Common use of Direct Debit Clause in Contracts

Direct Debit. (a) The Borrower agrees that on each Due Date the Bank will debit the Billed Amount from one of Borrower’s accounts with the Bank as designated in writing by the Borrower (the “Designated Account”).

Appears in 2 contracts

Sources: Loan Agreement (Grand Canyon Education, Inc.), Loan Agreement (Grand Canyon Education, Inc.)

Direct Debit. (a) The Borrower agrees that on each the Due Date the Bank will debit the Billed Amount from one the Borrower’s Deposit Account, or such other of the Borrower’s accounts with the Bank as designated in writing by the Borrower (the “Designated Account”)Borrower.

Appears in 1 contract

Sources: Revolving Credit Loan Agreement (Breeze-Eastern Corp)

Direct Debit. (a) The Borrower agrees that on each Due Date the due date of any amount due under this Agreement, the Bank will debit the Billed Amount amount due from one of the Borrower’s accounts 's deposit account(s) with the Bank as designated in writing by the Borrower (the "Designated Account").

Appears in 1 contract

Sources: Loan Agreement (Nu Skin Enterprises Inc)

Direct Debit. (a) The Borrower agrees that on each Due Date the Bank will debit the Billed Amount from one of Borrower’s accounts with the Designated Account. (b) The Borrower may terminate this direct debit arrangement at any time by sending written notice to the Bank as designated in writing by at the Borrower (address specified at the “Designated Account”)end of this Agreement.

Appears in 1 contract

Sources: Loan Agreement (Vocus, Inc.)

Direct Debit. (a) The Borrower agrees that on each the Due Date the Bank will debit the Billed Amount from one deposit account number CT -▇▇▇▇▇▇▇ owned by the Borrower or such other of the Borrower’s 's accounts with the Bank as designated in writing by the Borrower (the "Designated Account").

Appears in 1 contract

Sources: Loan Agreement (Connecticut Water Service Inc / Ct)

Direct Debit. (a) The Borrower agrees that on each the Due Date the Bank will debit the Billed Amount from one deposit account number ▇▇▇▇▇▇▇▇ owned by Borrower, or such other of the Borrower’s accounts with the Bank as designated in writing by the Borrower (the “Designated Account”).

Appears in 1 contract

Sources: Loan Agreement (Chase Corp)

Direct Debit. (a) The Borrower agrees that on each the Due Date the Bank will debit the Billed Amount from one of the Borrower’s accounts 's deposit account(s) with the Bank as designated in writing by the Borrower (the "Designated Account").

Appears in 1 contract

Sources: Loan Agreement (Nu Skin Enterprises Inc)

Direct Debit. (a) The Borrower agrees that on each the Due Date the Bank will debit the Billed Amount from one deposit account number ▇▇▇▇▇▇▇ 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”).

Appears in 1 contract

Sources: Loan Agreement (Graham Corp)

Direct Debit. (a) The Borrower agrees that on each the Due Date the Bank will debit the Billed Amount from one deposit account number ___ 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”).

Appears in 1 contract

Sources: Loan Agreement (Graham Corp)