AUTOMATIC PAYMENT SERVICE Clause Samples

The Automatic Payment Service clause establishes a system where payments are made automatically, typically through electronic transfers or direct debits from a designated account. This clause outlines the procedures for enrolling in the service, the timing and frequency of payments, and the responsibilities of both parties to ensure sufficient funds are available. By automating the payment process, this clause helps prevent missed or late payments, streamlining financial transactions and reducing administrative burdens for both parties.
AUTOMATIC PAYMENT SERVICE. If you requested to have your Card payment made automatically, your payment will be made on the due date printed on your statement. If the payment date falls on a weekend or holiday, the payment will be made the next processing day. Payments will be based on the ending balance from the previous month’s statement. If you wish to cancel this service, you may notify us either by calling or writing, at any time, up to 3 business days before the scheduled date of the transfer. You must follow up any oral notification, in writing, within 14 days of the oral notification.
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AUTOMATIC PAYMENT SERVICE. The Borrower hereby chooses to have its principal and interest payments made pursuant to the Bank's Automatic Payment Service, and authorizes the Bank to collect all sums due hereunder by charging the full amount thereof to the Borrower's Account. Should there be insufficient funds in the Account to pay when due all or any portion of the amount due, the full amount of such deficiency shall be immediately due and payable by the Borrower.
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AUTOMATIC PAYMENT SERVICE. If you requested to have your credit Card payment made automatically, your payment will be made on the due date printed on your statement. If the payment date falls on a weekend or holiday, the payment will be made the next processing day. Payments will be based on the account balance from the previous month’s statement. If you wish to cancel this service, you may notify us either by calling or writing, at any time, up to 3 business days before the scheduled date of the transfer. You must follow up any oral notification, in writing, within 14 days of the oral notification. Any financial service provided by the credit union maybe used for any transaction permitted by law. You agree that illegal use of any financial service will be deemed an action of default and/or breach of contract and such service and/or other related services may be terminated at our discretion. Illegal use includes, but is not in any way limited to, unlawful Internet gambling. You further agree, should illegal use occur, to waive the right to sue us for such illegal activity directly or indirectly related to it. You also agree to indemnify and hold the credit union harmless from any suits or other legal action or liability, directly or indirectly, including credit union expenses associated with defense of such law suits or other legal action, including attorney fees, resulting from such illegal use.
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AUTOMATIC PAYMENT SERVICE. If you requested to have Your Card payment made automatically, your payment will be made 25 days after the statement print date. If the payment date falls on a Weekend or holiday, the payment will be made the next processing day. Payments will be based on the ending balance from the previous month’s statement. If you wish to cancel this service, your autopay amount will pull as scheduled for the current due date. The cancellation will take effect with next credit card statement cycle when the new outstanding balance is calculated. Any financial service provided by the Bank may be used for any transaction permitted by law. You agree that illegal Use of any financial service will be deemed an action of default and/or breach of contract and such service and/or other related services may be terminated at our discretion. You further agree, should illegal Use occur, to waive the right to sue us for such illegal activity directly or indirectly related to it. You also agree to indemnify and hold the Bank harmless from any suits or other legal action or liability, directly or indirectly, including Bank expenses associated with defense of such law suits or other legal action, including attorney fees, resulting from such illegal Use.
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AUTOMATIC PAYMENT SERVICE. If You request to have Your Card payment made automatically, Your payment will be made 25 days after the billing statement print date. If the Payment Due Date falls on a Weekend or holiday, the payment will be made the next processing day. Payments will be based on the ending balance from the previous month’s billing statement. If You wish to cancel this service, Your autopay amount will pull as scheduled for the current due date. The cancellation will take effect with the next billing statement cycle when the new Outstanding Balance is calculated.
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Related to AUTOMATIC PAYMENT SERVICE

  • 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.

  • Distributions on Account of Separation from Service If and to the extent required to comply with Section 409A, no payment or benefit required to be paid under this Agreement on account of termination of the Executive’s employment shall be made unless and until the Executive incurs a “separation from service” within the meaning of Section 409A.

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

  • Death During Distribution of a Benefit If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they would have been distributed to the Executive had the Executive survived.

  • Automatic Renewal Each Schedule will renew automatically at the end of the then-current Schedule Term for a Schedule Renewal Term unless terminated in accordance with this Agreement by either You or Company.