Automatic Payment Option Clause Samples

The Automatic Payment Option clause establishes a mechanism for payments to be made automatically, typically through electronic funds transfer or recurring billing arrangements. In practice, this clause allows a party to authorize regular deductions from their bank account or credit card to fulfill payment obligations under the agreement, such as monthly service fees or installment payments. Its core function is to streamline the payment process, reduce administrative burden, and minimize the risk of late or missed payments.
Automatic Payment Option. If you requested the Automatic Payment Option in your Application, all Minimum Payments due will automatically be deducted from your designated account on your Payment Due Date. If your designated account does not contain sufficient funds, no automatic deduction will be made; we will bill you for the Minimum Payment Due; and your account will be charged an insufficient funds fee and you will be responsible for making the payment by some other means.
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Automatic Payment Option. If I have requested your automatic payment option, minimum payments due will be automatically deducted from my designated account on my payment due date. If my designated account does not contain sufficient funds on my payment date, an automatic payment deduction of the available funds will be made towards the minimum payment. In the event I have authorized automated payment and obtained a reduction in my monthly periodic rate and corresponding ANNUAL PERCENTAGE RATE and I terminate the automated payment or if I have insufficient funds to make a payment when due, you will adjust the monthly periodic rate and corresponding ANNUAL PERCENTAGE RATE to reflect the deletion of the automatic payment discount.
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Automatic Payment Option. You may elect IRREGULAR PAYMENTS: We may accept late pay- ments, partial payments, or items marked “payment in full” or the like without losing any of our rights under this Agreement. FINANCE CHARGES ON PURCHASES: We will
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Automatic Payment Option. For customers who wish to pay their tolls automatically: Pre-Paid Pre-pay the initial payment amount* when you open your MOVPASS account to cover future tolls. When your account balance reaches the set minimum balance threshold*, it is automatically replenished via your preferred payment method for each transponder listed on your MOVPASS account. No interest shall be paid on Prepaid Account balances. Failure to maintain a positive balance shall constitute a breach of this Agreement and may subject the User to the loss of discounts, administrative costs, any unpaid toll charges as determined by PARKERSBURG BRIDGE PARTNERS, the Toll Facility, or any State where usage occurred, and termination of this agreement. Users agree that it is their responsibility to monitor their usage and account balance. MOVPASS shall not be responsible for any consequences arising from failure to maintain a positive account balance. User shall be responsible for any violations, fees, claims, tolls and/or any other charges assessed resulting from failure to maintain a positive balance. *Initial payment and minimum balance amounts can be found at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.
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Automatic Payment Option. 10 Monthly Payments drawn on the 20th of the month - July through April Automatic Method of Payment Checking (please attach VOIDED check) Savings Bank Name: Routing Number: Account Number: Credit Card/Name on card Type of Card: VISA MASTERCARD DISCOVER AMERICAN EXPRESS Account Number:
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Automatic Payment Option. 10 Monthly Payments drawn on the 20th of the month - July through April Automatic Method of Payment Checking (please attach VOIDED check) Savings Bank Name:
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Automatic Payment Option. If you requested the Automatic Payment Option in your Application, all prearranged Payments due will automatically be deducted from your designated account on your Payment Due Date. If your designated account does not contain sufficient funds, no automatic deduction will be made; we will ▇▇▇▇ you for the Minimum Payment Due. Your account will be charged a Non-Sufficient Funds (NSF) fee and you will be responsible to make the payment by some other means.
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Related to Automatic Payment Option

  • Automatic Payments You can agree with a seller who accepts PayPal to use PayPal as the payment method for future purchases with that seller. This agreement is between you and the seller and allows you to pay the seller on a one-time, regular or sporadic basis. Depending on the seller you wish to pay, you might also be able to directly instruct PayPal to make future payments to the seller on your behalf on a one-time, regular or sporadic basis. Examples of automatic payments that can be arranged by you either with a seller or with PayPal include those that PayPal calls a “billing agreement,” "subscription," "recurring payment,” “reference transaction,” "preauthorised transfer" or "preapproved payment." You authorise and instruct PayPal to pay the third party (or another person they direct) amounts from your payment method for the amounts you agree to owe and as presented to PayPal by that third party. You may cancel an automatic payment up to 3 business days before the date of the next scheduled payment from your account settings or by contacting us. Once you contact PayPal to cancel an automatic payment, all future automatic payments under your agreement with that seller will be stopped. If you cancel an automatic payment, you may still owe the seller money for the purchase or have additional obligations to the seller for any goods or services that you receive but have not paid for. If you have authorised an automatic payment and PayPal performs currency conversion for an automatic payment transaction, PayPal will use the transaction exchange rate (including PayPal's currency conversion fee) in effect at the time the automatic payment transaction is processed.

  • Lump Sum Payment If an individual JOC Task Order is scheduled for Completion within forty-five (45) days or less, the County will make one payment after thirty (30) days of Work to the Contractor, exclusive of retention. Contractor may request for one payment (including retention payment); however, payment will be made after Final Acceptance of the JOC Task Order.

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.

  • Early Termination Benefit If Early Termination occurs, the Bank shall distribute to the Executive the benefit described in this Section 2.2 in lieu of any other benefit under this Article.

  • Change in Control Benefit If a Change in Control occurs followed within twenty-four (24) months by Separation from Service prior to Normal Retirement Age, the Bank shall distribute to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Article.