Debiting of Account Sample Clauses

Debiting of Account. The Borrower agrees to maintain an account (the "Account") at the Bank continuously until the Liabilities due hereunder are paid in full. All advances made by crediting the Account or any other account of the Borrower at the Bank shall be conclusively presumed to have been properly authorized by the Borrower. The Bank may, and the Borrower authorizes the Bank to, debit the Account or any other account of the Borrower at the Bank for the amount of any payment as and when such payment becomes due hereunder. If there are insufficient funds in the Account at the time the Account is debited, and the debiting creates an overdraft, the Bank may charge the Borrower, in addition to any overdraft fee, an administrative fee in an amount established from time to time by the Bank. The foregoing rights of the Bank to debit the Borrower's accounts shall be in addition to, and not in limitation of, any rights of set-off which the Bank may have hereunder or under any Loan Document, nor shall the rights hereunder limit the Bank's recourse to any particular source of funds or monies.

Debiting of Account. If so requested by the Lender, the Borrower shall maintain a demand deposit account (a DDA Account) with the Lender, and the Lender may, and the Borrower hereby authorizes the Lender to, debit any such DDA Account or such other account maintained by the Borrower with the Lender for the amount of any payment, as and when such payment becomes due hereunder, whether such payment is for accrued interest, principal or expense, even if debiting any such account results in a loss or reduction of interest to the Borrower or the imposition of a penalty applicable to the early withdrawal of time deposits. Such authorization shall not affect the Borrower's obligation to pay when due all amounts payable hereunder, whether or not there are sufficient funds in any accounts of the Borrower. The foregoing rights of the Lender to debit the Borrower's accounts shall be in addition to, and not in limitation of, any rights of set-off which the Lender may have hereunder or under any other Loan Document.

Debiting of Account. If so requested by the Agent, the Borrower ------------------- shall maintain a demand deposit account (a DDA Account) at the Agent, and the Agent may, and the Borrower hereby authorizes the Agent to, debit any such DDA Account or such other account and/or certificate of deposit maintained by the Borrower with the Agent for the amount of any payment, as and when such payment becomes due hereunder, whether such payment is for accrued interest, principal or expense, even if debiting any such account or certificate of deposit results in a loss or reduction of interest to the Borrower or the imposition of a penalty applicable to the early withdrawal of time deposits. Such authorization shall not affect the Borrower's obligation to pay when due all amounts payable hereunder, whether or not there are sufficient funds in any accounts of the Borrower. The foregoing rights of the Agent to debit the Borrower's accounts shall be in addition to, and not in limitation of, any rights of set-off which the Agent may have hereunder or under any Credit Document. Nothing in this Section 4.06 or otherwise in this Agreement shall be interpreted to obligate the Agent to so debit, or set-off against, any account of the Borrower maintained with the Agent to satisfy any of the Obligations of the Borrower, such right to so debit and/or set-off to be exercised by the Agent in its sole and absolute discretion.

Debiting of Account. Eastern Environmental Services, Inc. agrees to maintain an account (the "Account") at the Bank continuously until the Liabilities due hereunder are paid in full. The Bank may, and the Borrower authorizes the Bank to, debit the Account for the amount of any payment as and when such payment becomes due hereunder. If there are insufficient funds in the Account at the time the Account is debited, and the debiting creates an overdraft, the Bank may charge the Borrower an administrative fee in an amount established from time to time by the Bank. Notwithstanding the foregoing, the Bank may, and the Borrower authorizes the Bank to, debit any account maintained by the Borrower with the Bank for the amount of any payment, as and when such payment becomes due hereunder, whether such payment is for accrued interest, principal or expense. Such authorization shall not affect the Borrower's obligation to pay when due all amounts payable hereunder, whether or not there are sufficient funds in any accounts of the Borrower. The foregoing rights of the Bank to debit the Borrower's accounts shall be in addition to, and not in limitation of, any rights of set-off which the Bank and/or any Affiliate may have hereunder or under any Loan Document.

Debiting of Account. The Borrower agrees to maintain an account (the "Account") at the Bank continuously until the Liabilities due hereunder are paid in full. The Bank may, and the Borrower authorizes the Bank to debit the Account for the amount of any payment as and when such payment becomes due hereunder. The foregoing rights of the Bank to debit the Borrower's accounts shall be in addition to, and not in limitation of, any rights of set-off which the Bank may have hereunder or under any Loan Document nor shall the rights hereunder limit the Bank's recourse to any particular source of funds or monies.

Debiting of Account. Each of a Member's Contribution Accounts will, subject to any restrictions imposed by Relevant Law, be debited with: (a) such portion of the Investment Income of the Fund (if negative), as the Trustee determines will be debited to each of the Member's Contribution Accounts in accordance with clause 15.3; and (b) the amount of any Taxation liability which in the opinion of the Trustee will be incurred by virtue of the Fund's acceptance of any contributions which are to be credited to each of the Member's Contribution Accounts in accordance with clause 16.1; and (c) any amount which is paid to the Member pursuant to clause 8.2 and which the Trustees determine will be debited to one or more of the Member's Contribution Accounts; and (d) any other amounts which the Trustee with the consent of the Principal Employer determines will be debited to each of the Member's Contribution Accounts.

Debiting of Account. Prior to the Maturity Date, the Lender shall debit the Borrower's Account with the amount of any principal, interest, costs or other amounts due and payable by the Borrower in accordance with the terms hereof the payment of which is to be funded by a Drawdown pursuant to Section 2.05(b).

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Debiting of Account. OVERDRAFT. When we receive wire transfer instructions from you, you authorize us to debit your designated account in the amount of the wire transfer instruction plus all related fees. If your designated account does not contain sufficient available funds or we are otherwise unable to debit your account for the full amount of the wire transfer instruction and all related fees, you will immediately reimburse us upon demand for any wire transfer instructions we honor, together with all related fees and interest at The Wall Street Journal prime rate plus one percent, as that rate may change from time to time, or we may debit any other of your accounts with us, that have the same Employer Identification Number (“EIN”) as your designated account. If a wire transfer instruction creates an overdraft, you agree to pay promptly after demand the amount of the overdraft, together with all related fees and interest at The Wall Street Journal prime rate plus one percent, as that rate may change from time to time. We may set off against any of your accounts with us that have the same EIN as your designated account in order to pay any sums you owe us, including interest and fees. Nothing in this Agreement will be construed to require us to execute your wire transfer instructions if you do not have sufficient available balance in your designated account to cover the wire transfer instruction.

Debiting of Account. The Lender may, and Borrowers authorize the Lender to, debit any account and/or certificate of deposit maintained by any Borrower with the Lender for the amount of any payment, as and when such payment becomes due hereunder, whether such payment is for accrued interest, principal, or expense, even if debiting such account results in a loss or reduction of interest to Borrowers or the imposition of a penalty. Such authorization shall not affect the Borrowers’ obligation to pay when due all amounts payable hereunder, whether or not there are sufficient funds in any accounts of Borrowers. The foregoing rights of the Lender to debit any Borrower’s accounts shall be in addition to, and not in limitation of, any rights of set-off which the Lender may have hereunder or under any Loan Document.