Common use of Auto Debit Authorization Clause in Contracts

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

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 shallshall provide an updated authorization form to Company promptly upon any relevant changes to the information set forth therein. Customer is responsible for reimbursing Company for any fees or penalties incurred by Company in connection with debiting from Customer’s ACH Processing Account.