DEBIT OF OBLIGATIONS OR CREDIT CORRECTIONS Sample Clauses

DEBIT OF OBLIGATIONS OR CREDIT CORRECTIONS.  THE CUSTOMER hereby authorizes THE BANK to charge to this account and to any other accounts held by the CUSTOMER, whether of savings, fixed time, time or security, the amount of any obligation or document representing an obligation existing in favor of THE BANK, including interest, commissions and expenses, whether debtor, co-debtor or guarantor, without the need of prior notice.  THE CUSTOMER hereby also authorizes THE BANK to debit from his checking account or any other bank account any sum that THE BANK has credited by means of checks or transfers of funds in which respect THE BANK has received claims for damage and /or prejudice for the performance of debits or denial of payment of checks or similar facts, produced by the circumstance that THE BANK has attended to requirements of this nature from the drawer of the checks or originator of the transfers which, for example, were issued by mistake or by fault or negligence ascribable to the drawer, which were not evidenced in the check or transfer order, such as the issuance of checks or transfers in favor of a deceased person and whose fact had not been informed previously in writing, to THE BANK, and in whose respect the beneficiary of such checks or transfers had given with the knowledge of the drawer, a written authorization to accredit them to a certain account or in which respect the beneficiary had given written authorization to endorse it in favor of a third person with the knowledge of the drawer or payer.
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Related to DEBIT OF OBLIGATIONS OR CREDIT CORRECTIONS

  • Assumption of Tariff Obligations Interconnection Customer agrees to abide by all rules and procedures pertaining to generation and transmission in the PJM Region, including but not limited to the rules and procedures concerning the dispatch of generation or scheduling transmission set forth in the Tariff, the Operating Agreement and the PJM Manuals.

  • Obligations of Customer Axway’s indemnification obligation is contingent upon the Customer: (a) giving immediate written notice to Axway of any such Infringement Claim; (b) giving Axway control of the defense and related settlement negotiations, provided , however that Axway will obtain the Customer’s prior written consent, which shall not be unreasonably withheld or delayed, if any settlement of such an Infringement Claim requires Customer to admit liability, take or refrain from taking any particular action other than cessation of use of the infringing Services, Product, or Deliverable , and (c) assisting in the defense at Axway’s reasonable request, provided Axway agrees to pay Customer’s reasonable expenses in connection therewith. The Customer may participate in such defense and in any settlement discussions directly or through counsel of the Cus tomer’s choice, at the Customer’s expense, provided such participation does not materially prejudice Axway’s sole control of the defense or cause Axway to incur material additional costs in the conduct of such defense .

  • Extent of Obligations The Parties shall ensure that all necessary measures are taken in order to give effect to the provisions of this Agreement in their respective territories, including ensuring that their respective regional and local governments and authorities, and non- governmental bodies in the exercise of governmental powers delegated to them by central, regional and local governments or authorities observe all obligations and commitments under this Agreement.

  • Duration of Obligations The Manager’s obligation to provide Disentanglement Services will continue during the period commencing on the date that a Termination Notice is delivered and ending on the date on which the Successor Manager or the re-engaged Manager assumes all of the obligations of the Manager hereunder (the “Disentanglement Period”).

  • Obligations of City 8.1 City shall –

  • Termination of Obligations Termination of this Agreement pursuant to Section 10.1 hereof shall terminate all obligations of the parties hereunder, except for the obligations under Article IX, Article X, and Sections 11.4, 11.7, 11.14, 11.15 and 11.16 hereof; provided, however, that termination pursuant to paragraphs (b) or (c) of Section 10.1 shall not relieve the defaulting or breaching party or parties from any liability to the other parties hereto.

  • of the Credit Agreement Section 6.02 of the Credit Agreement is hereby amended as follows:

  • Assumption of Obligations Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker.

  • Obligations of the Contractor (i) Subject to and on the terms and conditions of this Agreement, the Contractor shall undertake the survey, investigation, design, engineering, procurement, construction, and maintenance of the Project Highway and observe, fulfil, comply with and perform all its obligations set out in this Agreement or arising hereunder.

  • Obligations of the City A. The City agrees to give the Contractor access to the Project area and other City- owned properties as required to perform the necessary Services under this Agreement.

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