Auto Debit Authorization Sample Clauses

The Auto Debit Authorization clause grants permission for a party, typically a service provider or lender, to automatically withdraw payments from the account holder’s designated bank account. In practice, this means that recurring payments such as loan installments, subscription fees, or utility bills are deducted on scheduled dates without requiring manual intervention from the account holder. This clause ensures timely payments, reduces the risk of missed or late payments, and streamlines the payment process for both parties.
Auto Debit Authorization. Customer hereby authorizes Company to debit Customer’s ACH Processing Account, for the full amount of all fees, expenses and reimbursements then due under the FSB Agreement. Customer shall maintain sufficient funds in Customer’s ACH Processing Account at all times during the Term of the FSB Agreement to enable Company to debit such accounts for the fees, expenses and reimbursements then due under the FSB Agreement, the failure of which shall constitute a default for the failure to pay all such amounts. Within thirty (30) days after execution of the FSB Agreement, if paying by debit, Customer shall complete and submit to Company an auto debit authorization form together with a voided check from Customer’s ACH Processing Account, with the necessary information for Company to debit, when they become due, the full amount of all fees, expense and reimbursements under the FSB Agreement. Customer shall
View SourceView Similar (3)
Auto Debit Authorization. THIS SECTION 22 PROVIDES AUTHORIZATION TO AUTOMATICALLY DEBIT COMPANY’S LINKED ACCOAUMNOTUNSTSFCOOMRPANAYLOLWES UNDER THIS AGREEMENT. THE COMPANY MUST READ IT CAREFULLY. UPON ▇▇▇▇▇▇’ REQUEST, TH DELIVER A “PAD AGREEMENT, WHICH AUTHORIZES ▇▇▇▇▇▇ TO DE FOR ALL AMOUNTS OWED UNDER THIS AGREEMENT. a. Company authorizes Jeeves or its assigns to collect amounts owed under this Agreement by debiting funds from the Linked Accounts at depository institutions (including banks and credit unions) via ACH. These debits are bound by NACHA rules for business-related ACH debits in the United States and the equivalent rules in the applicable jurisdiction outside of the United States. b. Jeeves will debit Linked Accounts for all amounts owed to us under this Agreement. If these amounts cannot be collected via ACH for any reason, Company agrees to immediately pay all amounts owed as directed by ▇▇▇▇▇▇. Company also authorizes Jeeves or its assigns to debit Linked Accounts immediately, on any date, and without additional Notice where (a) the total aggregate balance of Linked Accounts is less than any balance minimums that have been communicated to Company; or (b) Jeeves determines, in its sole discretion, that the Company poses or may pose an unacceptable risk to Jeeves, Issuers, or third parties or no longer satisfies the underwriting criteria used to establish the Spending Limit for Company. c. To withdraw the debit authorization from a Linked Account, Company must provide Jeeves thirty (30) day advance written Notice and pay all amounts owed on the Account immediately, including Charges and other amounts that may be included in future Periodic Statements. Withdrawal of a debit authorization does not terminate the Agreement or Company’s obligation to pay all amounts owed under this Agreement or the Payment Method Terms. Company will be responsible for all costs of collections and damages under this Agreement if amounts owed are not paid by Company as described in this Agreement.
View SourceView Similar (2)
Auto Debit Authorization. I/We hereby agree that BIDV may, and is authorised for this purpose debit my/our account(s) opened with BIDV any amount payable (or any shortfall to any agreed amount payable) to BIDV on the working day prior to monthly Due date or on monthly Due date to settle my/our BIDV credit cards account(s). Account number at bankMinimum Due Amount 4  Full Closing Balance  % Outstanding Balance (No less than 5%)
View SourceView Similar (2)
Auto Debit Authorization. Customer hereby authorizes Daxko to debit Customer’s designated bank account to be identified to Daxko via separate documentation, for the full amount of all fees, expenses and reimbursements then due under this Agreement. Customer shall maintain sufficient funds in Customer’s designated bank account at all times during the Term of this Agreement to enable Daxko to debit such accounts for the fees, expenses and reimbursements then due under this Agreement, the failure of which shall constitute a default for the failure to pay all such amounts. Within thirty (30) days after execution of this Agreement, if paying by debit, Customer shall complete and submit to Daxko an auto debit authorization form together with a voided check from Customer’s designated bank account, with the necessary information for Daxko to debit, when they become due, the full amount of all fees, expense and reimbursements under this Agreement. Customer shall provide an updated authorization form to Daxko promptly upon any relevant changes to the information set forth therein. Customer is responsible for reimbursing Daxko for any fees or penalties incurred by Daxko in connection with debiting from the account designated by Customer.
View Source
Auto Debit Authorization. THIS SECTION 4.8 PROVIDES AUTHORIZATION TO AUTOMATICALLY DEBIT COMPANY’S LINKED ACCOUNTS FOR ALL AMOUNTS COMPANY OWES UNDER THIS AGREEMENT. THE COMPANY MUST READ IT CAREFULLY. UPON ▇▇▇▇▇▇’ REQUEST, THE COMPANY SHALL EXECUTE AND DELIVER A “PAD AGREEMENT, WHICH AUTHORIZES ▇▇▇▇▇▇ TO DEBIT COMPANY’S LINKED ACCOUNT FOR ALL AMOUNTS OWED UNDER THIS AGREEMENT. 4.9 Autorização de débito automático. ESTA CLÁUSULA 4.8 AUTORIZA O DÉBITO AUTOMÁTICO DAS CONTAS VINCULADAS DA EMPRESA DE TODOS OS VALORES DEVIDOS SOB ESTE CONTRATO. A EMPRESA DEVE LER ATENTAMENTE ESTA SEÇÃO. MEDIANTE SOLICITAÇÃO DA JEEVES, A EMPRESA ▇▇▇▇▇▇ ASSINAR E ENTREGAR UM CONTRATO PAD QUE AUTORIZA A JEEVES A DEBITAR DA CONTA VINCULADA DA EMPRESA TODOS OS VALORES DEVIDOS SOB ESTE CONTRATO. a. Company authorizes Jeeves or its assigns to collect amounts owed under this Agreement by debiting funds from the Linked Accounts at depository institutions (including banks and credit unions) via ACH. These debits are bound by NACHA rules for business-related ACH debits in the United States and the a. A Empresa autoriza a Jeeves ou seus cessionários a cobrar valores devidos sob este Contrato, debitando recursos das Contas Vinculadas em instituições de depósito (incluindo bancos e cooperativas de crédito) via ACH. Esses débitos estão vinculados às regras NACHA para débitos ACH relacionados a negócios nos equivalent rules in the applicable jurisdiction outside of the United States. Estados Unidos e às regras equivalentes na jurisdição aplicável fora dos Estados Unidos. b. Jeeves will debit Linked Accounts for all amounts owed to us under this Agreement. If these amounts cannot be collected via ACH for any reason, Company agrees to immediately pay all amounts owed as directed by ▇▇▇▇▇▇. Company also authorizes Jeeves or its assigns to debit Linked Accounts immediately, on any date, and without additional Notice where (a) the total aggregate balance of Linked Accounts is less than any balance minimums that have been communicated to Company; or (b) Jeeves determines, in its sole discretion, that the Company poses or may pose an unacceptable risk to Jeeves, Issuers, or third parties or no longer satisfies the underwriting criteria used to establish the Spending Limit for Company. b. A Jeeves debitará das Contas Vinculadas todos os valores devidos a nós sob este Contrato. ▇▇ ▇▇▇▇▇ valores não puderem ser cobrados via ACH por qualquer motivo, a Empresa concorda em pagar imediatamente todos os valores devidos conforme orien...
View Source

Related to Auto Debit Authorization

  • ACH Authorization Merchant authorizes Service Provider to initiate debit/credit entries to the Designated Account, the Reserve Account, or any other account maintained by Merchant at any institution, all in accordance with this Agreement. This authorization will remain in effect beyond termination of this Agreement. In the event Merchant changes the Designated Account, this authorization will apply to the new account.

  • Payment Authorization I authorize ▇▇▇▇▇ Management to collect payment of the application fee and application deposit in the amounts specified under paragraph 3 of the Disclosures.

  • Power; Authorization Such Investor has all requisite power and authority to execute and deliver this Agreement. This Agreement, when executed and delivered by such Investor, will constitute a valid and legally binding obligation of such Investor, enforceable in accordance with its respective terms, except as: (a) limited by applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally; and (b) limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies.

  • Authorization, Etc This Agreement and the Notes have been duly authorized by all necessary corporate action on the part of the Company, and this Agreement constitutes, and upon execution and delivery thereof each Note will constitute, a legal, valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except as such enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

  • LEGAL AUTHORIZATION (a) The Sub-Recipient certifies that it has the legal authority to receive the funds under this Agreement and that its governing body has authorized the execution and acceptance of this Agreement. The Sub-Recipient also certifies that the undersigned person has the authority to legally execute and bind Sub-Recipient to the terms of this Agreement.