Common use of ACH Authorization Clause in Contracts

ACH Authorization. In order to satisfy any of the Guaranteed Obligations, Guarantor authorizes Creditor to initiate electronic debit or credit entries through the ACH system to any deposit account maintained by Guarantor.

Appears in 7 contracts

Sources: Guaranty (BK Technologies Corp), Guaranty Agreement (Enservco Corp), Guaranty and Security Agreement (Biozone Pharmaceuticals, Inc.)

ACH Authorization. In order to To satisfy any of the Guaranteed Obligations, Guarantor authorizes Creditor to initiate electronic debit or credit entries through the ACH system to any deposit account maintained by Guarantor.

Appears in 2 contracts

Sources: Guaranty and Security Agreement (Cardiff Lexington Corp), Guaranty and Security Agreement (Cardiff Lexington Corp)