Common use of AUTHORIZATION TO DEBIT ACCOUNT Clause in Contracts

AUTHORIZATION TO DEBIT ACCOUNT. Client authorizes EFI to debit all Account Fees payable pursuant to Section V directly from the Client’s AMP Account. It is agreed by the Client and EFI that the fees due under this Agreement will be payable, first, from free credit balances in the account, second, from the liquidation or withdrawal (which the Client hereby authorizes) by EFI of the Client’s shares of any money market fund or balances in any money market account and finally, from the liquidation of other securities in the Account.