Common use of Automatic Debit Clause in Contracts

Automatic Debit. In order to cause timely payment to be made to Bank, for the account of Bank, of all Borrowers' Liabilities as and when due, Borrowers hereby authorize and direct Bank, at Bank's option, to debit the amount of such Borrowers' Liabilities to any ordinary deposit account of Borrowers (including, without limitation, by increasing the principal balance due under the Revolving Loan).

Automatic Debit. In order to cause timely payment to be made to Bank, for the account of Bank, Bank of all Borrowers' Borrower's Liabilities as and when due, Borrowers Borrower hereby authorize authorizes and direct Bank, at Bank's option, directs Bank to debit the amount of such Borrowers' Borrower's Liabilities to any ordinary deposit account of Borrowers Borrower at Bank (including, without limitation, by increasing the principal balance due under the Revolving Loan).

Automatic Debit. In order to cause timely payment to be made to Bank, for the account of Bank, Bank of all Borrowers' Liabilities as and when due, Borrowers hereby authorize and direct Bank, at Bank's option, Bank to debit the amount of such Borrowers' Liabilities Liabilities, as and when due, to any ordinary deposit account of Borrowers any Borrower (including, without limitation, by increasing the principal balance due under the Revolving Loan). Bank may cause interest and other amounts payable on the obligations of Borrowers to Bank to be paid by making a direct charge to Borrower accounts at Bank in accordance with the terms hereof.

Automatic Debit. In order to cause timely payment to be made to Bank, for the account of Bank, Bank of all Borrowers' Borrower's Liabilities as and when due, Borrowers Borrower hereby authorize authorizes and direct Bank, at Bank's option, directs Bank to debit the amount of such Borrowers' Borrower's Liabilities to any ordinary deposit account of Borrowers Borrower (including, without limitation, by increasing the principal balance due under the Revolving Loan).