Right to Debit Account. Citibank may debit any loan or bank account, advance or credit facility of Applicant for any monies payable (even if such debit might result in or increase a debit balance in a bank account) by Applicant. Where the loan or bank account, advance or credit facility is not in the currency of the monies payable, Citibank may convert the monies payable to the currency of the loan or bank account, advance or credit facility at a market rate determined by Citibank and Applicant shall indemnify Citibank on a full indemnity basis from any cost, loss or liability incurred by it as a result of such conversion.
Right to Debit Account. We may debit any Account to collect fees, charges, taxes and other amounts owing by you to us or our affiliates, including in connection with this Agreement or the Services. This includes, but is not limited to, debits to your Account for any of the following: ⯈ the amount of any Instrument payable by you; ⯈ the amount of any Instrument cashed or negotiated by us for you or credited to your Account (whether by means of deposits made by you or by payments received for you through electronic or other means) for which payment is not received by us on a final irrevocable basis, or is reversed, in whole or in part, and whether or not such non-payment or reversal complies with the rules of the Canadian Payments Association or other clearing organization for any reason (whether or not such Instruments were drawn on other accounts with us), and together with the amount of any other indebtedness or liability owing by you to us and with any expenses incurred by us in connection with paying such dishonoured or unpaid Instrument. Notwithstanding any such charges, we reserve all of our rights and remedies against all parties. No such charges will not be deemed to be payment of such Instruments; ⯈ the amount of any Instrument received by us for your Account by way of deposit, discount, collection or otherwise if it is lost or stolen or otherwise disappears by any cause whatsoever other than our gross negligence; ⯈ any costs we incur in order to comply with any request or order issued under Applicable Laws for information, documents or action to be taken by us respecting your Account; ⯈ any amounts owing by you to us under this Agreement or under any other agreement between you and us; ⯈ any service charges and fees for the operation of the Account and for any Services which you subscribe for and we may provide, from time to time; and ⯈ all amounts collectible by us as taxes on the supply, sale or other provision of our products or services. If sufficient funds are not available in your Account for the foregoing, you agree to pay upon demand by us and will be liable to us for any such amounts owed, including any overdraft, together with interest thereon at the interest rate charged by us from time to time for overdrafts. We may also debit any account held by you at another financial institution. You agree to the terms and conditions set forth in the Pre-authorized Debit Agreement, that the information provided by you therein is complete and correct and you agree to compl...
Right to Debit Account. Subject to the provisions of any applicable legislation, the Client hereby grants to Wing Xxxx the absolute right to debit:
Right to Debit Account. At Bank's option, Bank shall have the right to automatically debit the Cash Collateral Account with Bank on a daily basis for the amount of principal payable to Bank, with notice to Borrower thereof on the date of such debit. Bank shall have the right to debit the Cash Collateral Account on a monthly basis for all interest and fees payable to Bank, with notice to Borrower thereof on the date of such debit.
Right to Debit Account. The Borrower authorizes (but shall not require) the Bank to debit any account maintained by the Borrower with the Bank, on any date on which a payment or fee is due hereunder or under any of the Financing Agreements, in an amount equal to any unpaid portion of such payment or fee.
Right to Debit Account. 8.1 Citibank may (with prior written notice to Applicant, if such notice is required by law or applicable regulation) debit any loan or bank account or advance or credit facility of Applicant with Citibank for any monies payable by Applicant. Citibank may do so even if such debit might result in or increase a debit balance in a bank account of Applicant. Where prior notice to Applicant is required by law or applicable regulation prior to any debit, Citibank shall have a continuing right to earmark any monies standing the credit of any bank accounts maintained by Applicant with Citibank up to the amount payable by Applicant.
Right to Debit Account. 13.1 The Bank can (but is not obliged to) at any time without affecting the Bank’s other rights and remedies, the Customer’s current or other accounts with the Bank with all other monies due under and arising from the Facility.
