Debit Authorisation Clause Samples

A Debit Authorisation clause grants permission for a party, typically a service provider or creditor, to directly withdraw funds from the account of another party. In practice, this clause outlines the specific account details, the conditions under which debits may occur, and may set limits on the amount or frequency of withdrawals. Its core function is to streamline payments and ensure timely collection of amounts due, reducing administrative delays and minimizing the risk of missed or late payments.
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Debit Authorisation. Without limiting Section 4.2 of these General Terms, you authorise Stripe to debit each User Bank Account without separate notice, and according to the applicable User Bank Account Debit Authorisation, to collect amounts you owe under this Agreement. If Stripe is unable to collect those amounts by debiting a User Bank Account, then you immediately grant to Stripe a new, original authorisation to debit each User Bank Account without notice and according to the applicable User Bank Account Debit Authorisation. Stripe may rely on this authorisation to make one or more attempts to collect all or a subset of the amounts owed. Your authorisation under this Section 4.3 will remain in full force and effect until (a) all of your Stripe Accounts are closed; or (b) all fees and other amounts you owe under this Agreement are paid, whichever occurs later. If applicable debit scheme authorisation rules grant you the right to revoke your debit authorisation, then to the extent Law permits, you waive that right.
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Debit Authorisation. The Bank may debit interest, commission and other fees payable under this Clause 3 to any current account of the Borrower, or, as the case may be, of any Co-Borrower, held with the Bank.
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Debit Authorisation. Borrower hereby authorize the Bank to debit payments of Loan Instalments dues or/and any overdue/Late Charges/cheque bounce charges from the said SB/CA account. Borrower hereby agree and confirm that these instructions shall be irrevocable and will be operative till the closure of the Loan. The same shall not be cancelled/withdrawn except with the prior written consent of the Bank.
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Debit Authorisation. 10.1 The Owner authorises the company and its bankers to draw against its bank account whenever instructions to debit are given by the Owner to the company. 10.2 Instructions to debit shall be irrevocable and the Owner acknowledges that it shall under no circumstances whatsoever reverse, cancel or stop any payment related to any such debit instructions.
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Debit Authorisation an agreement among the Bank of Latvia, Ancillary System, and settlement bank entitling the Ancillary System to submit debit instructions and obliging the Bank of Latvia to debit the settlement bank's settlement account in the ▇▇▇▇ in accordance with the debit instructions.
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Related to Debit Authorisation

  • Authorisation obtain or cause to be obtained, maintain in full force and effect and comply fully with all Required Authorisations, provide the Agent with Certified Copies of the same and do, or cause to be done, all other acts and things which may from time to time be necessary or desirable under any applicable law (whether or not in the Pertinent Jurisdiction) for the continued due performance of all the obligations of the Security Parties under each of the Security Documents;

  • Authorisations Each Obligor shall promptly: (a) obtain, comply with and do all that is necessary to maintain in full force and effect; and (b) supply certified copies to the Agent of, any Authorisation required under any law or regulation of its jurisdiction of incorporation to enable it to perform its obligations under the Finance Documents and to ensure the legality, validity, enforceability or admissibility in evidence in its jurisdiction of incorporation of any Finance Document.

  • Maintain Authorisations It will use all reasonable efforts to maintain in full force and effect all consents of any governmental or other authority that are required to be obtained by it with respect to this Agreement or any Credit Support Document to which it is a party and will use all reasonable efforts to obtain any that may become necessary in the future.

  • Power; Authorization Such Investor has all requisite power and authority to execute and deliver this Agreement. This Agreement, when executed and delivered by such Investor, will constitute a valid and legally binding obligation of such Investor, enforceable in accordance with its respective terms, except as: (a) limited by applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally; and (b) limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies.

  • Government Authorization No consent, approval, order or authorization of, or registration, declaration or filing with, or notice to, any Governmental Entity, is required by or with respect to Pubco in connection with the execution and delivery of this Agreement by Pubco, or the consummation by Pubco of the transactions contemplated hereby, except, with respect to this Agreement, any filings under the Nevada Statutes, the Securities Act or the Exchange Act.