Common use of Auto-Debit Clause in Contracts

Auto-Debit. Each Borrower irrevocably authorizes Lender to auto-debit Borrowers’ deposit accounts at Lender for the monthly payment of interest due on the Loan. 7.

Appears in 1 contract

Sources: Loan Agreement (Customers Bancorp, Inc.)

Auto-Debit. Each Borrower irrevocably authorizes Lender to auto-debit Borrowers’ deposit accounts at Lender for the monthly payment of interest due on the Loan. 7.

Appears in 1 contract

Sources: Loan Agreement (BM Technologies, Inc.)