Authorization definition
Examples of Authorization in a sentence
This authorization is to remain in full force and effect until L▇▇▇▇▇ has received written notification from Borrower of its termination of this Authorization Agreement in such time and in such manner as to afford Lender and B▇▇▇▇▇▇▇’s depository bank a reasonable opportunity to act on it, which in no event will be less than five (5) Business Days.
If B▇▇▇▇▇▇▇ applied and is approved for the Loan, then the Loan will be disbursed as provided in the accompanying Authorization Agreement.
The undersigned hereby, as a duly and appointed authorized agent of B▇▇▇▇▇▇▇ and each Secured Guarantor, and in each signer’s individual as a Guarantor, affirm that each has read and understand the terms and conditions of, consent to and agree to be bound by, the attached Agreement and the attached Authorization Agreement.
By executing this Authorization Agreement, Borrower agrees and certifies that the Designated Checking Account was established for business purposes and not primarily for personal, family or household purposes.
If B▇▇▇▇▇▇▇ revokes the authorization contemplated in this Authorization Agreement or Lender suspends or terminates Borrower’s enrollment in the Automatic Payment Plan, then Borrower shall still be responsible for making timely payments of the Loan pursuant to the alternative payment methods described in Section 6 of the Loan Agreement.