ACCOUNT DEBITING. A. On or prior to Company’s payroll direct deposit and/or payroll tax deposit date or other applicable settlement or due date, Company authorizes Provider to initiate debit entries to Company’s account specified above (“Company’s Account”) at the depository financial institution the Routing Number of which is given above (“Depository”), and to debit Company’s Account in such amounts as are necessary to (i) fund Company’s direct deposits, (ii) pay any fees or charges associated with the Service, including, without limitation, finance charges, (iii) pay Company’s payroll taxes, (iv) pay any debit, correcting or reversing entry initiated pursuant to this Agreement which is later returned to Provider, and (v) pay any other amount that is owing under this Agreement or in connection with the Service. This authorization is to remain in full force and effect until Provider has received written notice from Company of its termination in such time and such manner as to afford Provider and Depository a reasonable opportunity to act upon it. Company will maintain in Company’s Account as of the applicable settlement date and time immediately available funds sufficient to cover all credit entries Company originates through Provider. Company’s obligation to pay Provider for each credit entry matures at the time Provider transmits or otherwise delivers the credit entry to the Automated Clearing House (“ACH”) or gateway operator and is unaffected by termination of the Service. Provider may set off against any amount it or an Affiliate owes to Company in order to obtain payment of Company’s obligation as set forth in this Agreement. Company acknowledges that the origination of ACH transactions to its account must comply with the provisions of U.S. law. Amounts withdrawn for payroll taxes will be held by Provider at Provider’s financial institution (the “Payroll Tax Account”) until such time as those payments are due to the appropriate taxing agencies, and no interest will be paid to the Company on these amounts.
B. If Company does not have sufficient funds in Company’s Account to pay disbursements, fees, payroll taxes or any other amounts due under this Agreement at the time required, or if Company refuses to pay, Provider may (i) debit the Payroll Tax Account or any account at Provider’s financial institution or any Affiliate owned in whole or in part by Company to pay disbursements, fees or charges, payroll taxes, or other amounts due, (ii) refuse to pay any unremitted pay...
ACCOUNT DEBITING. 6.1. By signing the Application for the provision of banking services, the Client gives the Bank his/her irrevocable consent to the execution of payment transactions by the Bank from Debiting the Account for payment: (i) the amount of remuneration to the Bank payable by the Client for transactions performed in accordance with the Agreement and services provided in the amounts stipulated by the Bank Tariffs,
ACCOUNT DEBITING. 6.1. By signing the Application for Banking Services, the Client gives the Bank consent to execute payment operations of Account Debiting by the Bank for payment:
(i) the amount of remuneration to the Bank payable by the Client for operations performed and services provided in accordance with the Agreement in the amounts stipulated in Bank's Service Fees, (ii) amounts of Debt Obligations for Banking Services provided for in Clause 5.5. and clause 5.6. Agreement; (iii) amounts of Unauthorized Overdraft, (iv) the amount of penalties (penalties, fines) due to the Client's breach of his obligations, calculated in accordance with this Agreement and/or any other agreements concluded between the Bank and the Client (including, but not limited to, any credit contracts, contracts on the provision of banking services, factoring contracts, suretyship contracts, etc.), (v) other amounts provided for in this Agreement and payable by the Client, (vi) the amount of remuneration to the Bank payable by the Client for the operations performed and the services provided under any other contracts concluded between the Bank and the Client, in the amount stipulated by such contracts, (vii) amounts of any indeptedness (due and/or overdue) of the Client under this Agreement and/or any other agreements concluded by the Client with the Bank (including, but not limited to, any credit agreements, agreements on the provision of banking services, factoring agreements, surety agreements etc.), in the amount of such indebtedness. The periodicity and terms of debiting the amount of remuneration to the Bank, payable by the Client for the operations performed and services provided under this Agreement and/or any other agreements between the Bank and the Client (simultaneously with the execution of the operation, monthly, quarterly, etc.), are established by the Bank independently. The beneficiary under payment operations of Account Debiting, provided for in clause 6.1. Agreement, is the Bank. Such Account Debiting shall be carried out on the basis of the Bank's payment instructions.
6.2. The Client is obliged to ensure at any time that the Client's Current Account has sufficient funds for the Bank to exercise Account Debiting provided for in clause 6.1. of this Agreement. 6.
ACCOUNT DEBITING. The Company shall be entitled to debit the Card account / Current account without separate Client’s/Cardholder’s approval:
(a) to cover the amounts of the transactions;
(b) to cover Company’s charges for services rendered according to the Fees and Charges
ACCOUNT DEBITING
