Common use of ACCOUNT DEBITING Clause in Contracts

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 Amounts withdrawn for payroll taxes will be held by Provider at Provider’s financial institution (the “Payroll Tax Account”) until such time as those payments are due to the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.

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 (ia) fund Company’s direct deposits, (iib) pay any fees or charges associated with the Service, including, without limitation, finance charges, (iiic) pay Company’s payroll taxes, (ivd) pay any debit, correcting or reversing entry initiated pursuant to this Agreement which is later returned to Provider, and (ve) pay any other amount that is owing becomes owed under this Agreement or in connection with the ServiceAgreement. 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. CompanyCompany ’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.

ACCOUNT DEBITING. A. On or prior to Company’s 's payroll direct deposit and/or payroll tax deposit date or other applicable settlement or due date, Company authorizes Provider LTS to initiate debit entries to Company’s 's account specified above (“"Company’s 's Account”") at the depository financial institution institution, the Routing Number of which is given above identified on LTS’ Payroll Processing Drafting Form (“"Depository”"), and to debit Company’s 's Account in such amounts as are necessary to (ia) fund Company’s 's direct deposits, (iib) pay any fees or charges associated with the Service, including, without limitation, finance charges, (iiic) pay Company’s 's payroll taxes, (ivd) pay any debit, correcting or reversing entry initiated pursuant to this Agreement which is later returned to ProviderLTS, and (ve) pay any other amount that is owing becomes owed under this Agreement or in connection with the ServiceAgreement. This authorization is to remain in full force and effect until Provider LTS has received written notice from Company of its termination in such time and such manner as to afford Provider LTS and Depository a reasonable opportunity to act upon it. Company will maintain in Company’s 's Account as of the applicable settlement date and time time, immediately available funds sufficient to cover all credit entries Company originates through ProviderLTS. Company’s 's obligation to pay Provider LTS for each credit entry matures at the time Provider LTS 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 LTS at Provider’s LTS’ 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. 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, LTS shall notify Company immediately by telephone and in writing, and shall (a) refuse to pay any collected or collected but unremitted payroll taxes, in which case the payroll tax liability will become the sole responsibility of Company, (b) refuse to perform further services, (c) refund monies due to Company, less any amounts owed to LTS and/or (d) immediately terminate this Agreement. LTS shall charge a fee of $25.00 for all drafts returned due to non-sufficient funds. Should the service be recommenced after the resolution of Company's account, LTS reserves the right to require Company's pre-payment of the next four pay cycles, and in the case of tax filings, request a retainer.