Common use of Automatic Debit Clause in Contracts

Automatic Debit. In order to effectuate the timely payment of any of the Obligations when due, the Borrower hereby authorizes and directs the Bank, at the Bank’s option, to debit the amount of the Obligations to any ordinary deposit account of the Borrower maintained at the Bank.

Automatic Debit. In order to effectuate the cause timely payment to be made to Bank of any of the Obligations all Borrower's Liabilities as and when due, the Borrower hereby authorizes and directs the Bank, at the Bank’s option, Bank to debit the amount of the Obligations such Borrower's Liabilities to any ordinary deposit account of Borrower at Bank (including, without limitation, by increasing the Borrower maintained at principal balance due under the BankRevolving Loan).

Automatic Debit. In order to effectuate the cause timely payment to be made to Bank of any of the Obligations all Borrowers' Liabilities as and when due, the Borrower Borrowers hereby authorizes authorize and directs the Bank, at the Bank’s option, direct Bank to debit the amount of the Obligations such Borrowers' Liabilities, as and when due, to any ordinary deposit account of any Borrower (including, without limitation, by increasing the principal balance due under the Revolving Loan). Bank may cause interest and other amounts payable on the obligations of Borrowers to Bank to be paid by making a direct charge to Borrower maintained accounts at Bank in accordance with the Bankterms hereof.

Automatic Debit. In order to effectuate the cause timely payment to be made to Bank, for the account of any Bank, of the Obligations all Borrowers' Liabilities as and when due, the Borrower Borrowers hereby authorizes authorize and directs the direct Bank, at the Bank’s 's option, to debit the amount of the Obligations such Borrowers' Liabilities to any ordinary deposit account of Borrowers (including, without limitation, by increasing the Borrower maintained at principal balance due under the BankRevolving Loan).

Automatic Debit. In order to effectuate the cause timely payment to be made to Bank of any of the Obligations all Borrower's Liabilities as and when due, the Borrower hereby authorizes and directs the Bank, at the Bank’s option, Bank to debit the amount of the Obligations such Borrower's Liabilities to any ordinary deposit account of Borrower (including, without limitation, by increasing the Borrower maintained at principal balance due under the BankRevolving Loan).