Debit. The Depositor authorizes the Bank, without prior notice, to debit the Depositor's account for repayment of principal, interest, overdue interest, handling charges, postage, cable charges, acceptance or discount charges, commitment fees, penalties for dishonored checks, handling fees for cancelling dishonored checks and other sums payable to the Bank.
Debit. The Borrower hereby irrevocably authorizes the Bank and any subsequent holder of the Note, both before and after demand, to debit any of the Borrower’s business accounts maintained with the Bank (or subsequent holder) for all sums (including without limitation principal, interest, late fees, and other fees) payable from time to time under this Agreement and the other Loan Documents. In addition, if the Borrower has signed a separate authorization, the Bank is authorized to initiate ACH debit transfers for the Loan payments and on the business account(s) specified in the authorization. These provisions shall not obligate the Bank to create or allow any overdraft, and such authority shall not relieve the Borrower of the obligation to assure that payments are made when due.
Debit. The Bank is hereby authorised at any time without notice to the Customer to debit any of the Customer’s accounts with the Bank in respect of the Bank’s charges and all other monies due and payable hereunder and under the other documents creating security for the Facility.
Debit. We reserve the right to refuse to pay a regular (automatic) debit, for example, if your account has insufficient funds to cover such transfer or if we are unable to verify the ownership of or other information about the account to which the funds will be transferred. You may call us at 0-000-000-0000, 24 hours a day, 7 days a week, to request information about a refusal by us to pay a regular (automatic) debit.
Debit. Unit of measure (e.g., a functional or areal measure of other suitable metric) representing the loss of aquatic functions at an impact or project site. The measure of aquatic functions is based on the resources impacted by an authorized activity.
Debit. 12.1 In the event the Borrower does not repay the principal, interest, punitive, default penalty, indemnification or other expenses when due (including the maturity date of loan is accelerated), the Lender has the right to debit a corresponding payments in all accounts the Borrower opened with Industrial and Commercial Bank of China and its branches, provided that the Lender shall notify the Borrower. In the event the Borrower’s contact information changes and the Lender cannot notify the Borrower by phone or mail, the Lender may use notarized delivery and other measures acceptable in accordance with law to fulfill the obligation of notification.
Debit. In the event the Guarantor does not fulfill the guarantee obligation in accordance with the contract, the Guarantor authorizes the Lender to debit the corresponding amount from all accounts the Guarantor opened with Industrial and Commercial Bank of China and its branches. If the Lender debits the Guarantor’s time deposit, such debit shall be exercised in accordance with Article 12.2. The Lender shall notify the Guarantor when conducting the debit.
Debit. Refers to the amount of information (data) transmitted, per unit of time, and is usually expressed in megabits per second (Mbps).
Debit. The Bank is hereby authorised at any time without notice by notice in writing to the Borrower to debit any of the Borrower's account with the Bank in respect of interest, commission, charges, fees, normal bank charges and all other monies due and payable hereunder as well as debit the recovery fees and other amounts and sums of money payable by the Borrower. No such debiting shall be deemed to be a payment of the amount due (except to the extent of any amount available in any of the Borrower's current account) or a waiver of any event of default under any agreement relating to the Facility. If such debiting causes any of the Borrower's account to be overdrawn, interest shall be charged accordingly. ARTICLE IXB
