Common use of Date of Debit Clause in Contracts

Date of Debit. Bank will debit the Account on the dates that Payments become due. If a due date does not fall on a Banking Day (as such term is defined in the Note), Bank will debit the Account on the first Banking Day following the due date.

Date of Debit. Bank will debit the Account on the dates that Payments the payments on the Loan become due. If a due date does not fall on a Banking Day (as such term is defined in the Note)) , Bank will debit the Account on the first Banking Day following the due date.

Date of Debit. Bank will debit the Account on the dates that Payments the payments on the Loans become due. If a due date does not fall on a Banking Day (as such term is defined in the NoteNotes), Bank will debit the Account on the first Banking Day banking day following the due date.