Debit Authorization means an authorization signed by a consumer to electronically transfer or withdraw funds from the consumer's account for the specific purpose of repaying a loan;
Debit Authorization means any authorization or consent from the payer as the owner of the Designated Account in the form and substance prescribed by the Bank, allowing the Bank to debit funds in such Designated Account and transfer them to the relevant Customer's Account pursuant to an Instruction, without any prior notice to that owner of the Designated Account.
Debit Authorization means an authorization to debit a Collateral Account of a Borrower with CIBC USA in the form attached hereto as Exhibit E-1
Examples of Debit Authorization in a sentence
The Intermediary shall deliver a Debit Authorization form to the Escrow Bank, directing the Escrow Bank to process transactions from Payment Processor Providers.
More Definitions of Debit Authorization
Debit Authorization means the authorization to debit a Borrower’s Deposit Account in substantially the form attached as Exhibit F-1.
Debit Authorization a certificate duly executed by a Responsible Officer substantially in the form of Exhibit G-1 attached hereto confirming the authorization to debit the Borrower’s Deposit Account.
Debit Authorization is defined in Section 2.02 above.
Debit Authorization is defined in Section 2.02 above. "Excessive Chargebacks” is defined in Section 4 above.
Debit Authorization means an authorization signed by a consumer to electronically transfer or withdraw funds from an account for the specific purpose of repaying a payday loan.
Debit Authorization. Member authorizes Provider or Providers servicing partner to initiate debits as deductions from Members designated payment card or bank deposit account for payments that come due each period, with regard to the balances due under this Agreement. If Members payment date falls on a weekend or holiday, Members account will be debited the business day prior to Members normal pay date. This authorization becomes effective at the time Member signs this Agreement and will remain in full force and effect until Provider has received notice of revocation from Member and either the obligations under the Agreement are paid in full or a replacement account for the payment card or ACH debits is established. You may revoke this authorization for a debit against Members payment card or ACH debit entry to Members Account(s) by giving written notice of revocation to Provider, which must be received by us no later than three (3) business days prior to the due date of the agreement. However, if Member timely revokes this authorization to effect payment card or ACH debit entries before Members obligations under this Agreement are paid in full, Member authorizes Provider to prepare and submit one or more payment card or ACH debits drawn on Members Account on or after the due date of the agreement. This authorization may not be revoked by Member until such time as Members obligations under this Agreement are paid in full. Provider will keep Members payment information on file and Member hereby irrevocably authorizes Provider to charge Members payment account on file for all charges due under this Agreement. Cancellation (Update for no recourse on discounts and memberships fees once paid upfront): Either Provider or Member may cancel this Agreement at any time upon thirty (30) days written notice, but there may be monies due upon cancellation. In the event that cancellation of this Agreement results in monies due from Member, such monies shall be paid in full at the time of cancellation. In the event cancellation results in monies due to Member, such monies will be paid by Provider within 6-8 weeks. Both the initial Enrollment Fee and Annual Fee are non-refundable. Referrals: There may be dental care needs beyond the scope of services provided at Emergency Dental of America. Members with specialty dental care needs will be advised as soon as possible and referred to the appropriate dental specialists. Referred services are not covered by this Agreement or any Plan. After specialt...
Debit Authorization means the written notification from Intermediary that authorizes specific debit transactions on the Escrow Account and requests Escrow Bank to process them.