Common use of Direct Debit Clause in Contracts

Direct Debit. (a) The Borrower agrees that interest and any fees, discounts and charges will be deducted automatically on the due date from checking account number 14991-00158. (b) The Bank will debit the account on the dates the payments become due. If a due date does not fall on a banking day, the Bank will debit the account on the first banking day following the due date. (c) The Borrower will maintain sufficient funds in the account on the dates the Bank enters debits authorized by this Agreement. If there are insufficient funds in the account on the date the Bank enters any debit authorized by this Agreement, the debit will be reversed.

Appears in 1 contract

Sources: Letter of Credit Agreement (Ross Stores Inc)

Direct Debit. (a) The Borrower agrees that interest and any fees, discounts and charges will be deducted automatically on the due date from checking Borrower's account number 14991▇▇▇▇▇-00158▇▇▇▇▇ with the Bank. (b) The Bank will debit the account on the dates the payments become due. If a due date does not fall on a banking day, the Bank will debit the account on the first banking day following the due date.. 6 (c) The Borrower will maintain sufficient funds in the account on the dates the Bank enters debits authorized by this Agreement. If there are insufficient funds in on the account on the date the Bank enters any debit authorized by this Agreement, the debit will be reversed.

Appears in 1 contract

Sources: Business Loan Agreement (Vans Inc)

Direct Debit. (a) The Borrower agrees that interest and principal payments and any fees, discounts and charges fees will be deducted automatically on the due date from the Borrower's checking account number 14991-00158____________, or such other of the Borrower's accounts with the Bank as designated in writing by the Borrower. (b) The Bank will debit the account on the dates the payments become due. If a due date does not fall on a banking dayBanking Day, the Bank will debit the account on the first banking day Banking Day following the due date. (c) The Borrower will maintain sufficient funds in the account on the dates the Bank enters debits authorized by this Agreement. If there are insufficient funds in the account on the date the Bank enters any debit authorized by this Agreement, the debit will be reversed.

Appears in 1 contract

Sources: Business Loan Agreement (Fuel Tech N V)

Direct Debit. (a) The Borrower agrees that interest principal payments and any fees, discounts and charges fees will be deducted automatically on the due date from checking account number 1499114569-00158500093. (b) The Bank will debit the account on the dates the payments become due. If a due date does not fall on a banking day, the Bank will debit the account on the first banking day following the due date. (c) The Borrower will maintain sufficient funds in the account on the dates the Bank enters debits authorized by this Agreement. If there are insufficient funds in the account on the date the Bank enters any debit authorized by this Agreement, the debit will be reversed.

Appears in 1 contract

Sources: Business Loan Agreement (American Eco Corp)

Direct Debit. (a) The Borrower agrees that interest and any fees, discounts and charges fees will be deducted automatically on the due date from checking the Borrower's account number 1499114872-0015800230, or such other of the Borrower's accounts with the Bank as designated in writing by the Borrower. (b) The Bank will debit the account on the dates the payments become due. If a due date does not fall on a banking day, the Bank will debit the account on the first banking day following the due date. (c) The Borrower will maintain sufficient funds in the account on the dates the Bank enters debits authorized by this Agreement. If there are insufficient funds in the account on the date the Bank enters any debit authorized by this Agreement, the debit will be reversed.. --------------------------------------------------------------------------------

Appears in 1 contract

Sources: Business Loan Agreement (California Water Service Group)

Direct Debit. (a) The Borrower agrees that interest and principal payments and any fees, discounts and charges fees will be deducted automatically on the due date from checking the Borrowers account number 1499114576-0015850027, or such other of the Borrower's accounts with the Bank as designated in writing by the Borrower. (b) The Bank will debit the account on the dates the payments become due. If a due date does not fall on a banking day, the Bank will debit the account on the first banking day following the due date. (c) The Borrower will maintain sufficient funds in the account on the dates the Bank enters debits authorized by this Agreement. If there are insufficient funds in the account on the date the Bank enters any debit authorized by this Agreement, the debit will be reversed.

Appears in 1 contract

Sources: Business Loan Agreement (Farr Co)

Direct Debit. (a) The Borrower agrees that interest and principal payments and any fees, discounts and charges fees will be deducted automatically on the due date from checking account number 14991▇▇▇▇▇-00158▇▇▇▇▇. (b) The Bank will debit the account on the dates the payments become due. If a due date does not fall on a banking day, the Bank will debit the account on the first banking day following the due date. (c) The Borrower will maintain sufficient funds in the account on the dates the Bank enters debits authorized by this Agreement. If there are insufficient funds in the account on the date the Bank enters any debit authorized by this Agreement, the debit will be reversed.

Appears in 1 contract

Sources: Business Loan Agreement (Tab Products Co)

Direct Debit. (a) The Borrower agrees that interest and any fees, discounts and charges principal payments will be deducted automatically on the due date from checking the Borrower's account number 1499114990-0015850045, or such other of the Borrower's accounts with the Bank as designated in writing by the Borrower. (b) The Bank will debit the account on the dates the payments become due. If a due date does not fall on a banking day, the Bank will debit the account on the first banking day following the due date. (c) The Borrower will maintain sufficient funds in the account on the dates the Bank enters debits authorized by this Agreement. If there are insufficient funds in the account on the date the Bank enters any debit authorized by this Agreement, the debit will be reversed.

Appears in 1 contract

Sources: Business Loan Agreement (Abm Industries Inc /De/)

Direct Debit. (a) The Borrower agrees Borrowers agree that interest and any fees, discounts and charges fees will be deducted automatically on the due date from checking AI's account number 14991-00158851001305, or such other of the Borrower's accounts with the Bank as designated in writing by the Borrowers (the "Designated Account"). (b) The Bank will debit the account on the dates the payments become due. If a due date does not fall on a banking day, the Bank will debit the account on the first banking day following the due date. (c) The Borrower Borrowers will maintain sufficient funds in the account on the dates the Bank enters debits authorized by this Agreement. If there are insufficient funds in the account on the date the Bank enters any debit authorized by this Agreement, the debit will be reversed.

Appears in 1 contract

Sources: Business Loan Agreement (Agribiotech Inc)

Direct Debit. (a) The Borrower agrees Borrowers agree that interest and any fees, discounts and charges fees will be deducted automatically on the due date from Borrower 1's checking account number 14991-00158account. (b) The Bank will debit the account on the dates the payments become due. If a due date does not fall on a banking day, the Bank will debit the account on the first banking day following the due date. (c) The Borrower Borrowers will maintain sufficient funds in the account on the dates the Bank enters debits authorized by this Agreement. If there are insufficient funds in the account on the date the Bank enters any debit authorized by this Agreement, the debit will be reversed.

Appears in 1 contract

Sources: Savings Plan and Trust Agreement (California Water Service Group)