PAD Authorization definition

PAD Authorization means a pre-authorized debit authorization executed by Borrower authorizing Bank to cause a specified account of Borrower to be debited to pay amounts payable hereunder, such authorization to be in the form attached hereto as Exhibit F or such other form as Bank may require from time to time.
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PAD Authorization means the authority of Merchant to permit AMCS to draw on the Designated Account and the Bank to receive Fees pursuant to the Agreement, for the purpose of paying all Fees and all other amounts owed by Merchant to AMCS under the Agreement including amounts owing in the event of a default under the Agreement, and for paying all amounts owed under any other agreement with AMCS or its Affiliates for any related services.
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PAD Authorization means an authorization from a Borrower to automatically debit Loan payments from a deposit account of such Borrower, held with a Canadian financial institution, substantially in the form of Exhibit K. “Payment Date” means shall mean, with respect to any US Loans, the last day of each calendar month; provided, however, if such day is not a Business Day, the next succeeding Business Day. “Personal Guaranty” means any guaranty from a principal or member of a US Borrower substantially in the form of Exhibit F or from a principal or member of a Canadian Borrower substantially in the form of Exhibit L. “Prime Rate” means the per annum rate of interest designated from time to time by Servicer to be its prime rate, with any change in the rate of interest resulting from a change in the Prime Rate to be effective as of the opening of business of Servicer on the day of such change. The Prime Rate is a reference rate and does not necessarily represent the lowest or best rate of interest that is being offered by Servicer to its borrowers. “Servicing Fee” shall have the meaning set forth in Section 2.13. “Sponsor’s Fee” shall have the meaning set forth in Section 2.13. “Spousal Consent” shall mean any agreement provided by the spouse of any Person executing a Personal Guaranty to the extent such spouse has not personally executed a Personal Guaranty, to be substantially in the form provided by the Servicer. “State” means any State of the United States of America and the District of Columbia.
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Examples of PAD Authorization in a sentence

  • Each PAD Authorization has been executed by persons with signing authority in respect of the account at a Canadian financial institution that is the subject of such PAD Authorization and any such PAD Authorization is a Business PAD and not a Personal PAD.

  • This PAD Authorization may be cancelled upon notice by Us. We acknowledge that, in order to revoke this Authorization, We must provide notice in writing to ▇▇▇▇.

  • Payroc may assign this PAD Authorization to another person or entity, provided that Payroc shall provide Merchant with written notice of the details of any such assignment, including the identity and contact information of the assignee.

  • Merchant may obtain a sample cancellation form, or more information on Merchant’s right to cancel this PAD Authorization, at Merchant’s financial institution or by visiting ▇▇▇.▇▇▇▇▇▇▇▇.▇▇.

  • This PAD Authorization shall remain in force for so long as the Merchant Agreement is in force, unless revoked by providing Payroc with at least 10 business days’ notice.

  • For example, ▇▇▇▇▇▇▇▇ has the right to receive reimbursement for any debit that is not authorized or is not consistent with this PAD Authorization.

  • Merchant may not assign this PAD Authorization without the prior written consent of Payroc.

  • The Servicer and the Sponsor shall instruct each Borrower to make payments with respect to Loans and the Loan Commitments directly to the Servicer, either by wire transfer, SWIFT transfer or debit pursuant to an ACH Authorization or a PAD Authorization.

  • You agree that if any debits drawn under this PAD Authorization are dishonoured for any reason, then Intuit shall be entitled to initiate another debit in substitution for the dishonoured debit until the debit is honoured and to initiate a separate debit to cover any NSF fee or dishonoured payment fees.

  • If so requested by ▇▇▇▇▇▇, all documentation related to the Customer’s PAD Authorization, including but not limited to the PAD Agreement duly Authorized by the Customer, the Customer’s telephone number and billing and shipping address, must be sent to and received by Fortis within two (2) days from the request date.

Related to PAD Authorization

  • Sell Authorization means that Partner needs to meet specific training and qualification requirements for the products included in an “On Premise” Product Family that Partner wants to resell as set out in detail in the PartnerEdge Program Guide and the applicable RSPI.

  • Road authority means each governmental agency with jurisdiction over public streets and highways. Road authority includes the department, any other state agency, and intergovernmental, county, city, and village governmental agencies responsible for the construction, repair, and maintenance of streets and highways. When a street railway operates or seeks to operate a street railway system over public streets and highways over which more than 1 road authority possesses jurisdiction, road authority includes each road authority with jurisdiction over public streets and highways upon which the street railway operates or seeks to operate a street railway system.

  • Private Authorizations means all franchises, permits, licenses, approvals, consents and other authorizations of all Persons (other than Governmental Authorities).

  • Service Authorization means that Open Ecosystem Partner needs to meet specific qualification requirements for the products included in a “Service” Product Family that Open Ecosystem Partner wants to promote and offer Services for as set out in detail in the Open Ecosystem Program Guide.

  • Lead Authority means the local authority appointed by the Parties under this agreement to lead on a particular function in accordance with Clause 12.