Account Debit Authorization. The Borrower authorizes and directs the Agent, in its discretion acting reasonably, to automatically debit, by mechanical, electronic or manual means, the bank accounts of the Borrower maintained with the Agent for all amounts due and payable under this Agreement, including, but not limited to, the repayment of principal and the payment of interest, fees and all charges for the keeping of such bank accounts.
Account Debit Authorization. The Borrower authorizes and directs Royal to automatically debit, by mechanical, electronic or manual means, the bank accounts of the Borrower maintained with Royal for all amounts payable under the Agreement, including but not limited to the repayment of principal and the payment of interest, fees and all charges for the keeping of such bank accounts.
Account Debit Authorization. The Borrower authorizes and directs the Agent, in its discretion, to automatically debit, by mechanical, electronic or manual means, the Borrower’s Accounts for all amounts payable under this Agreement, including, but not limited to, the repayment of principal and the payment of interest, fees and all charges for the keeping of such bank accounts; provided that the Agent shall not be obligated to effect any such debit and shall not be liable or responsible for its failure to do so. The Agent shall send the Borrower an invoice for any fees payable under this Agreement at least three (3) Business Days prior to any such debit and shall provide a confirmation of any upcoming debit for repayment of Borrowings on the same day that the Agent receives notice of such repayment from the Borrower. In the event the Agent debits the Borrower’s Accounts by an amount in excess of the principal, interest, fees or charges properly due on a day, then forthwith upon the error being discovered, the Agent shall reimburse the Borrower such excess amount with interest thereon from the date of the excess debit until reimbursement at rates prevailing at the time of the excess debit for deposits of like amount and currency with the Agent.
Account Debit Authorization. Upon the occurrence of an Event of Default that is continuing, the Borrower authorizes and directs the Administrative Agent and the Swingline Lender, in their discretion, to automatically debit, by mechanical, electronic or manual means, the bank accounts of the Borrower maintained with BNS (for so long as BNS is Administrative Agent and Swingline Lender hereunder) and designated by the Borrower in writing for all amounts due and payable under this agreement on account of principal, interest and fees comprised in the Obligations.
Account Debit Authorization. The Borrower authorizes and directs the Administrative Agent and the Operating Lender, as applicable, in its discretion and upon notice to the Borrower (provided failure to provide such notice shall not constitute a breach of this Agreement by either the Administrative Agent or the Operating Lender, as applicable), to automatically debit, by mechanical, electronic or manual means, the bank accounts of the Borrower maintained with ATB (for so long as ATB is the Administrative Agent and the Operating Lender hereunder) for all amounts payable under the Loan Documents including in respect of principal, interest and fees payable under this Agreement and recoverable expenses due and payable hereunder or under any Loan Document (including, for certainty, in order to effect the application of the cash collateral contemplated in Section 3.8(f) to the reimbursement obligations described therein owing by the Borrower to the Operating Lender or Lenders).
Account Debit Authorization. 53 Article 8 CONDITIONS PRECEDENT TO DISBURSEMENT OF THE ACCOMMODATIONS...............................................53 8.1 Effectiveness and Conditions Precedent...................................................................53 8.2 Continuing Conditions Precedent..........................................................................54 8.3 Waiver of a Condition Precedent..........................................................................55 Article 9 COVENANTS................................................................................................55
Account Debit Authorization. Each Borrower authorizes and directs each of the Agent and the Overdraft and L/C Lenders, in its discretion, to automatically debit, by mechanical, electronic or manual means, the bank accounts of such Borrower maintained with the Agent (whether or not in its capacity as Agent) or either of the Overdraft and L/C Lenders, as applicable, for all amounts payable by such Borrower under this Agreement and the other Operative Documents, including but not limited to the repayment of principal and the payment of interest, fees, expenses and all other charges for the keeping of such bank accounts.
Account Debit Authorization. Notwithstanding the provisions of Section 4.7, each Borrower authorizes and directs the applicable Administrative Agent (and each Swing Line Lender in the case of the Canadian Swing Line Loan Commitment and the U.S. Swing Line Loan Commitment, as the case may be, with respect to the Canadian Operating Accounts and the U.S. Operating Accounts, as the case may be), in its discretion, to debit automatically the bank accounts of each Borrower maintained with the applicable Administrative Agent or the applicable Swing Line Lender, as the case may be, for all amounts payable by such Borrower pursuant to Article III. Furthermore, subject to the provisions of the Compensation Agreements (i) the Canadian Swing Line Lender shall have the right to debit automatically on a daily basis any credit balance in the Canadian Operating Accounts for the sole purposes of repaying all Canadian Swing Line Loans and Canadian Overdraft Obligations, and (ii) the U.S. Swing Line Lender shall have the right to debit automatically on a daily basis any credit balance in the U.S. Operating Accounts for the sole purposes of repaying all U.S. Swing Line Loans and U.S. Overdraft Obligations.
Account Debit Authorization. The Borrower authorizes and directs the Administrative Agent, in its discretion, to automatically debit, by mechanical, electronic or manual means, the Borrower Account and all other bank accounts of the Borrower maintained with Royal Bank (for so long as Royal Bank is Administrative Agent hereunder) for all amounts due and payable under this agreement on account of principal, interest and fees hereunder comprised in the Obligations.
Account Debit Authorization. The Borrower authorizes and directs the Agent, in its discretion, to automatically debit or credit, as applicable, by mechanical, electronic or manual means, the bank accounts of the Borrower maintained with NBC (for so long as NBC is Agent hereunder) for all amounts payable under this Agreement, including but not limited, to the repayment of principal and the payment of interest, fees and all charges for the keeping of such bank accounts, and amounts becoming payable or reimbursable to the Borrower hereunder.
