Authority to Debit and Credit Sample Clauses

Authority to Debit and Credit. The Borrower does hereby expressly and irrevocably authorize the Administrative Agent to effect all any necessary debits, deposits, credits and transfers in, from or to the Borrower’s Account, in order to accommodate the Lenders in making Advances and in order to accommodate the Borrower in making payments of the principal, interest and fees required to be made to the Finance Parties and the Administrative Agent under Articles 3 to 8 inclusively, the whole under and subject to the provisions of this Agreement.
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Authority to Debit and Credit. Subject to the provisions of this Agreement, the Borrower does hereby expressly and irrevocably authorize the Agent to effect all the necessary debits, deposits and credits in the Borrower's Accounts in order to accommodate the Lenders in making advances and in order to accommodate the Borrower in making payments to the Lenders, the whole under and subject to the terms of this Agreement.
Authority to Debit and Credit. Subject to the provisions of this Agreement, the Borrower does hereby expressly and irrevocably authorize the Agent to effect all the necessary debits, deposits and credits (with respect to the Canadian Dollar Account and the U.S. Dollar Account) and does hereby expressly and irrevocably authorize the Overdraft Provider to effect all the necessary debits, deposits and credits (with respect to the Canadian Operating Account and the U.S. Operating Account) in order to accommodate the Lenders in making Advances and in order to accommodate the Borrower in making payments to the Lenders.
Authority to Debit and Credit. Except as consented to by the Administrative Agent, the Borrower and Restricted Subsidiaries will maintain all of its accounts at the Calgary Branch of NBC through which each will conduct all of its banking activities. The Administrative Agent is irrevocably authorized, but is not obligated, to effect: (i) all deposits and credits to the Borrower's Canadian Dollar Account and the Borrower's U.S. Dollar Account in order to accommodate the Lenders in making Advances under the Credit Facility; and (ii) all debits to the Canadian Dollar Account and U.S. Dollar Account for payments of principal, interest, fees and other amounts to be made by the Borrower to the Administrative Agent and the Lenders pursuant to this Agreement.
Authority to Debit and Credit. Subject to the provisions of this Agreement, each Borrower does hereby expressly and irrevocably authorize the Canadian Administrative Agent to effect all the necessary debits, deposits and credits (with respect to the Borrower's Accounts) in order to accommodate the Lenders in making Credit Extensions and in order to accommodate the Borrowers in making payments to the Lenders.

Related to Authority to Debit and Credit

  • Authority to Execute Each person executing this Agreement represents and warrants that he or she is duly authorized and has legal authority to execute and deliver this Agreement. Each party represents and warrants to the other that the execution and delivery of this Agreement and the performance of such party’s obligations hereunder have been duly authorized. [Signatures on Following Page]

  • Authority to Execute Agreement Each of the Parties represents and warrants that its undersigned representative has been expressly authorized to execute this Agreement for and on behalf of such Party.

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