Common use of Debit Authorisation Clause in Contracts

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.

Appears in 3 contracts

Sources: Borrowing Base Facility Agreement (Steinway Musical Instruments Holdings, Inc.), Borrowing Base Facility Agreement (Steinway Musical Instruments Holdings, Inc.), Borrowing Base Facility Agreement (Steinway Musical Instruments Holdings, Inc.)