Common use of Debit Authorization Clause in Contracts

Debit Authorization. Each Company Affiliate hereby irrevocably authorizes Agent and Banks to charge any deposit account of any Company Affiliate maintained at any Bank for all or any part of any amount due under the Loan Documents and this Agreement including, without limitation, principal, interest, late charges, fees and expenses reimbursable to Agent and Banks (including reasonable legal fees).

Debit Authorization. Each Company Affiliate hereby irrevocably authorizes Agent and Banks to charge any deposit account of any Company Affiliate maintained at any Bank for all or any part of any amount due under the Loan Documents and this Agreement including, without limitation, principal, interest, late charges, fees and expenses reimbursable to Agent and Banks (including reasonable legal fees)) and the forbearance extension fee.