Common use of Direct Debit Clause in Contracts

Direct Debit. (a) The Borrower agrees that interest and principal payments and any loan fees will be deducted automatically on their due date from account number 1450802607 owned by the Borrower or such other of the Borrower's accounts with the Bank as designated in writing by the Borrower (as applicable, the "Loan Debit Account").

Appears in 1 contract

Samples: Business Loan Agreement (Charlotte Russe Holding Inc)

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Direct Debit. (a) The Borrower agrees that interest and principal payments and any loan fees will be deducted automatically on their the due date from the Borrower's account number 1450802607 owned by the Borrower 14599-07501, or such other of the Borrower's accounts account with the Bank as designated in writing by the Borrower. The Bank shall promptly, upon receipt of notice from the District of a drawing under the Letter of Credit, notify the Borrower (as applicable, of the "Loan Debit Account")amount of such drawing and any fees incurred in connection therewith.

Appears in 1 contract

Samples: Reimbursement Agreement (Southwest Water Co)

Direct Debit. (a) The Borrower agrees Borrowers agree that interest and principal payments and any loan fees will be deducted automatically on their the due date from account number 1450802607 NC-000510028053 owned by the Borrower Borrowers or such other of the Borrower's Borrowers' accounts with the Bank as designated in writing by the Borrower (as applicable, the "Loan Debit Account")Borrowers.

Appears in 1 contract

Samples: Loan Agreement (Air T Inc)

Direct Debit. (a) The Borrower agrees that interest and principal payments and any loan fees will be deducted automatically on their the due date from the Borrower's account number 1450802607 owned by the Borrower 14872-00230, or such other of the Borrower's accounts with the Bank as designated in writing by the Borrower (as applicable, the "Loan Debit Account")Borrower.

Appears in 1 contract

Samples: California Water Service Group

Direct Debit. (a) The Borrower agrees that interest and principal payments and any loan fees will be deducted automatically on their the due date from the Borrowers account number 1450802607 owned by the Borrower 14576-50027, or such other of the Borrower's accounts with the Bank as designated in writing by the Borrower (as applicable, the "Loan Debit Account")Borrower.

Appears in 1 contract

Samples: Loan Agreement (Farr Co)

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Direct Debit. (a) The Borrower agrees that interest and principal payments and any loan fees will be deducted automatically on their the due date from the Borrower's account number 1450802607 owned by the Borrower 4774606493, or such other of the Borrower's accounts with the Bank as designated Xxxx xx xxsignated in writing by the Borrower (as applicable, the "Loan Debit Account")Borrower.

Appears in 1 contract

Samples: Loan Agreement (Escalon Medical Corp)

Direct Debit. (a) The Borrower agrees that interest and principal payments and any loan fees will be deducted automatically on their the due date from account number 1450802607 03724-02990 owned by the Borrower Borrower, or such other of the Borrower's accounts with the Bank as designated in writing by the Borrower (as applicable, the "Loan Debit Account")Borrower.

Appears in 1 contract

Samples: Business Loan Agreement (Calavo Growers Inc)

Direct Debit. (a) The Borrower agrees that interest and principal payments and any loan fees owed by the Borrower to Bank under this Agreement will be deducted automatically on their the due date from account number 1450802607 000010067279 owned by the Borrower Borrower, or such other of the Borrower's accounts with the Bank as designated in writing by the Borrower (as applicable, the "Loan Debit Account")Borrower.

Appears in 1 contract

Samples: Loan Agreement (Hooker Furniture Corp)

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