Common use of Automatic Payment Clause in Contracts

Automatic Payment. Borrower has elected to authorize Lender to effect payment of sums due under this Note by means of debiting Borrower's account number 00611017387. This authorization shall not affect the obligation of Borrower to pay such sums when due, without notice, if there are insufficient funds in such account to make such payment in full on the due date thereof, or if Lender fails to debit the account.

Appears in 5 contracts

Samples: Loan Agreement (Tor Minerals International Inc), Loan Agreement (Tor Minerals International Inc), Loan Agreement (Tor Minerals International Inc)

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Automatic Payment. Borrower has elected to authorize Lender Bank to effect payment of sums due under this Note by means of debiting Borrower's account number 0061101738700000 180 2800. This authorization shall not affect the obligation of Borrower to pay such sums when due, without notice, if there are insufficient funds in such account to make such payment in full on the due date thereof, or if Lender Bank fails to debit the account.

Appears in 2 contracts

Samples: Modification and Waiver Agreement (American Aircarriers Support Inc), Modification and Waiver Agreement (American Aircarriers Support Inc)

Automatic Payment. Borrower has elected to authorize Lender Bank to effect payment of sums due under this Note by means of debiting Borrower's account number 00611017387_______________________________. This authorization shall not affect the obligation of Borrower to pay such sums when due, without notice, if there are insufficient funds in such account to make such payment in full on the due date thereof, or if Lender Bank fails to debit the account.

Appears in 2 contracts

Samples: Modification and Waiver Agreement (American Aircarriers Support Inc), Modification and Waiver Agreement (American Aircarriers Support Inc)

Automatic Payment. Borrower has elected to authorize Lender to effect payment of sums due under this Note by means of debiting Borrower's account number 006110173870000000000. This authorization shall not affect the obligation of Borrower to pay such sums when due, without notice, if there are insufficient funds in such account to make such payment in full on the due date thereof, or if Lender fails to debit the account.

Appears in 2 contracts

Samples: Loan Agreement (Tor Minerals International Inc), Loan Agreement (Tor Minerals International Inc)

Automatic Payment. Borrower has elected to authorize Lender to effect payment of sums due under this Note by means of debiting Borrower's account number 0061101738707908684. This authorization shall not affect the obligation of Borrower to pay Borroxxx xx xay such sums when due, without notice, if there are insufficient funds in such account to make such payment in full on the due date thereof, or if Lender fails to debit the account.

Appears in 2 contracts

Samples: Loan Agreement (Cpac Inc), Loan Agreement (Cpac Inc)

Automatic Payment. Borrower has elected to authorize hereby authorizes the Lender to effect payment of sums due under this Note Agreement and the Notes by means of debiting the Borrower's principal checking account number 00611017387or any other account which Borrower may have with Lender subsequent to the date hereof. This authorization shall not affect the obligation of the Borrower to pay such sums when due, without notice, if there are insufficient funds in such account to make such payment payments in full on in the due date thereof, or if Lender fails to debit the accountaccount or accounts.

Appears in 1 contract

Samples: Loan Agreement (Bethlehem Corp)

Automatic Payment. Borrower has elected to authorize Lender to effect payment of sums interest due under this Note by means of debiting Borrower's account number 006110173875488080210. This authorization shall not affect the obligation of Borrower to pay such sums when due, without notice, if there are insufficient funds in such account to make such payment in full on the due date thereof, or if Lender fails to debit the account.

Appears in 1 contract

Samples: Loan Agreement (Florida Public Utilities Co)

Automatic Payment. Borrower has elected to authorize Lender Bank to effect payment of sums due under this Note by means of debiting Borrower's account number 006110173872835559595. This authorization shall not affect the obligation of Borrower to pay such sums when due, without notice, if there are insufficient funds in such account to make such payment in full on the due date thereof, or if Lender Bank fails to debit the account.

Appears in 1 contract

Samples: Credit Agreement (Brite Voice Systems Inc)

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Automatic Payment. Borrower has elected to authorize Lender to effect payment of sums due under this Note by means of debiting Borrower's account number 0061101738700000000. This authorization shall not affect the obligation of Borrower to pay such sums when due, without notice, if there are insufficient funds in such account to make such payment in full on the due date thereof, or if Lender fails to debit the account.

Appears in 1 contract

Samples: Loan Agreement (Cpac Inc)

Automatic Payment. [ ] Borrower has elected to authorize Lender to effect payment of sums due under this Note by means of debiting Borrower's account number 00611017387__________. This authorization shall not affect the obligation of Borrower to pay such sums when due, without notice, if there are insufficient funds in such account to make such payment in full on the due date thereof, or if Lender fails to debit the account.

Appears in 1 contract

Samples: Assignment and Security Agreement (Obsidian Enterprises Inc)

Automatic Payment. Borrower has elected to authorize Lender to effect payment of sums due under this Note by means of debiting Borrower's ’s account number 006110173870000000000. This authorization shall not affect the obligation of Borrower to pay such sums when due, without notice, if there are insufficient funds in such account to make such payment in full on the due date thereof, or if Lender fails to debit the account.

Appears in 1 contract

Samples: Loan Agreement (Tor Minerals International Inc)

Automatic Payment. Borrower has elected to authorize Lender Bank to effect payment of sums due under this Note by means of debiting Borrower's account number 006110173871800614826. This authorization shall not affect the obligation of Borrower to pay such sums when due, without notice, if there are insufficient funds in such account to make such payment in full on the due date thereof, or if Lender Bank fails to debit the account.

Appears in 1 contract

Samples: Loan Agreement (SCB Computer Technology Inc)

Automatic Payment. Borrower has elected to authorize Lender to effect payment of sums interest due under this Note by means of debiting Borrower's ’s account number 006110173875488080210. This authorization shall not affect the obligation of Borrower to pay such sums when due, without notice, if there are insufficient funds in such account to make such payment in full on the due date thereof, or if Lender fails to debit the account.

Appears in 1 contract

Samples: Loan Agreement (Florida Public Utilities Co)

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