Common use of ACH Debits Clause in Contracts

ACH Debits. In order to satisfy any of the Obligations, Lender is hereby authorized by Borrower to initiate electronic debit entries through the ACH or other electronic payment system to any account maintained by Borrower. At the Lender's request, Borrower shall execute and deliver to Lender an authorization agreement for ACH debits.

Appears in 8 contracts

Samples: Loan and Security Agreement (MusclePharm Corp), Loan and Security Agreement (Amincor, Inc.), Loan and Security Agreement (Purchase Point Media Corp)

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ACH Debits. In order to satisfy any of the Obligations, Lender is hereby authorized by Borrower to initiate electronic debit entries through the ACH or other electronic payment system to any account maintained by Borrower. At the Lender's ’s request, Borrower shall execute and deliver to Lender an authorization agreement for ACH debits.

Appears in 2 contracts

Samples: Loan and Security Agreement (Synthetech Inc), Loan and Security Agreement (Tri-S Security Corp)

ACH Debits. In order to satisfy any of the Obligations, Lender is hereby authorized by Borrower Borrowers to initiate electronic debit entries through the ACH or other electronic payment system to any account maintained by BorrowerBorrowers. At the LenderUpon Xxxxxx's requestrequest at any time, Borrower Xxxxxxxxx shall execute and deliver to Lender an authorization agreement for ACH debits.

Appears in 1 contract

Samples: Loan and Security Agreement (Hylete, Inc.)

ACH Debits. In order to satisfy any of the Obligations, Lender is hereby authorized by Borrower Borrowers to initiate electronic debit entries through the ACH or other electronic payment system to any account maintained by BorrowerBorrowers. At the Upon Lender's requestrequest at any time, Borrower Borrowers shall execute and deliver to Lender an authorization agreement for ACH debits.

Appears in 1 contract

Samples: Loan and Security Agreement (Energy Focus, Inc/De)

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ACH Debits. In order to satisfy any of the Obligations, Lender is hereby authorized by Borrower Borrowers to initiate electronic debit entries through the ACH or other electronic payment system to any account maintained by Borrower. At the Lender's request, Borrower shall execute and deliver to Lender an authorization agreement for ACH debitsBorrowers.

Appears in 1 contract

Samples: Loan and Security Agreement (LIVE VENTURES Inc)

ACH Debits. In order to satisfy any of the Obligations, Lender is hereby authorized by Borrower to initiate electronic debit entries through the ACH or other electronic payment system to any account maintained by Borrower. At the Lender's ’s request, Borrower shall execute and deliver to Lender an authorization agreement for ACH debits.

Appears in 1 contract

Samples: Loan and Security Agreement (Jones Soda Co)

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