Deduction Agreement. The Employer agrees to deduct Union Membership dues in accordance with this Article for all bargaining unit members.
Deduction Agreement. 5.1 With the authorization of the guarantor, when the debtor or the guarantor has debts due and payable, the creditor has the right to deduct the funds in any account opened by the guarantor in all branches of Bank of Communications Co., Ltd. for repayment.
5.2 After the deduction, the creditor shall notify the guarantor of the account number involved in the deduction, the principal contract number, the application number for the use of the quota, the contract number, the deduction amount, and the debt balance.
5.3 When the guarantor's repayment of debts (including the guarantor's active repayment and the creditor's deduction of the proceeds in accordance with this contract) cannot fully pay off all the guarantor's debts:
(1) Should first be used to settle the unpaid expenses due. If the principal and interest of the due debt are less than 90 days overdue, the balance after paying off the expenses will be used to cover the unpaid interest or penalty interest and compound interest, and then used to cover the unpaid principal; If the principal or interest of the due debt is overdue for 90 days or more, the balance after offsetting the expenses shall be used to offset the unpaid principal, and then used to offset the unpaid interest or penalty interest and compound interest；
(2) Under the business of issuing bank acceptance draft, letter of credit, letter of guarantee, export factoring and so on, the balance after compensating expenses shall first be used to compensate the principal unpaid at maturity, and then be used to compensate the interest or penalty interest and compound interest unpaid at maturity；
(3) If the guarantor has multiple debts (including debts owed by the guarantor to the creditor under other contracts), the creditor has the right to decide the sequence of payment and offset of each debt of the guarantor on its own, as long as the sequence of payment and offset does not violate the mandatory provisions of laws, regulations and relevant regulatory requirements applicable to the creditor. The creditor shall notify the guarantor of the result of paying off the debt. Unless otherwise agreed by both parties on the matters in this paragraph.
(4) Under personal loans, the order of debt repayment is as stipulated in the principal contract.
5.4 If the deduction proceeds are not in the same currency as the debt to be repaid, the amount of debt repayment shall be converted at the exchange rate announced by Bank of Communications Co., Ltd. at the time ...
Deduction Agreement. 1. The borrower agreed that the lender have the right to collect the debts in connection with the loan of this contract directly from the debt service account and/or the capital collection account opened in the Hubei Bank Co., Ltd upon the maturity of such debts. In case the balances in the debt service account and/or the capital collection account is not abundant to pay all the necessary debts, the lender have the right to deduct the balance from any other bank accounts the borrower has opened in any branches of Hubei Bank Co., Ltd.
2. Unless otherwise regulated in the competent authorities of the country, the deduction of the repayment shall take the overdue expenses that has matured but not paid as the first priority. Then deduct the due interest that has not paid from the account and finally deduct the due principal that has not paid from the account.
3. In case the currency of the deduction is different with the currency necessary for the repayment, the lender shall translate the amount in other currency into RMB with the purchasing price in the settlement of exchange between RMB and other currency published at the time of the deduction to pay for the principal and interest of the loan.
Deduction Agreement. 11.1 When the borrower authorizes the due loan principal, interest, default interest, compound interest or other expenses, the lender has the right to deduct the funds in any account opened by the borrower in all branches of Bank of communications for repayment.
11.2 After deduction, the lender shall notify the borrower of the account number, contract number, application for use of line number, deduction amount and remaining debt amount involved in the deduction.
11.3 If the deducted income is insufficient to pay off all the debts of the borrower, the debt paid off shall be determined according to the contract.
11.4 If the currency of the deducted income is inconsistent with that of the debt to be offset, it shall be converted into the amount of the debt to be offset at the exchange rate published by Bank of Communications Co., Ltd. at the time of deduction. If it is necessary to go through the procedures of settlement and sale of foreign exchange or foreign exchange conversion, the borrower is obliged to assist the lender in handling the procedures as required by the lender, and the exchange rate risk shall be borne by the borrower.
Deduction Agreement. The Employer agrees to deduct from the wages of an employee who is a member of the Union a PEOPLE deduction as provided for in a written authorization, in the amount of $50, $100, $250, or $500 per year. Such authorization must be executed by the employee and may be revoked by the employee at any time by giving written notice to both the Employer and the Union President. The Employer agrees to remit any deductions made pursuant to this provision promptly to the Union to an address provided by the Union President.
Deduction Agreement. The Board agrees to deduct membership dues established by SCEA from the salary of any bargaining unit employees authorizing such deduction in writing.
Deduction Agreement. 11.1 Upon the Borrower’s authorization, the Lender may deduct funds from any account the Borrower has with all branches of Bank of Communications, Co., Ltd., to pay off the accrued but unpaid principal, interest, penalty interest, compound interest and other expenses.
11.2 After deduction, the Lender shall inform the Borrower of the account number for the deduction made, contract number, Line of Credit Withdrawal Application number, deduction amount and loan balance.
11.3 If the deductions made are insufficient to cover all the Borrower’s debts, the deductions shall pay off the debts in the sequence provided in this Agreement.
11.4 If the deductions are in a different currency from the debts payable, the deducted amount shall be converted to the amount in the currency of the debt according to the foreign exchange rate published by Bank of Communications, Co., Ltd., at the time of deduction. If a foreign exchange settlement and sale or foreign exchange procedure is needed, the Borrower is obliged to assist the Lender in completing the above procedures, and the foreign exchange risk shall be borne by the Borrower.
Deduction Agreement. It is agreed by and between the District and the Association that upon receipt of written authorization thereof, signed by the professional employee, the District shall deduct an amount to provide monthly payment of dues for membership in the Lyme Education Association, New Hampshire Education Association, and the National Education Association from the regular salary check of such employee on the regular pay schedule and that the amount so deducted pursuant to such authorization of the professional employee shall be promptly remitted directly to the Lyme Education Association.
Deduction Agreement. 11.1 The borrower authorizes that when there is a loan principal, interest, penalty interest, compound interest or other fees due, the lender has the right to deduct funds from any account opened by the borrower at all branches of Bank of Communications Co., Ltd. for repayment.
11.2 After the deduction, the Lender shall notify the Borrower of the account number involved in the deduction, the contract number, the number of the “Credit Line Application Form”, the deduction amount and the remaining debt amount.
11.3 When the deduction proceeds are insufficient to repay all the Borrower’s debts, the debt amount to be repaid shall be determined in accordance with the provisions of this Contract.
11.4 If the deduction proceeds are inconsistent with the currency of the debt to be repaid, the amount of debt to be repaid shall be converted into the amount of debt repaid according to the exchange rate announced by Bank of Communications Co., Ltd. at the time of deduction. If foreign exchange settlement or foreign exchange conversion procedures are required, the Borrower is obliged to assist the Lender in handling them as required by the Lender, and the exchange rate risk shall be borne by the Borrower.
Deduction Agreement. (1) If the guarantor has due liabilities, the creditor has right to deduct capital in any account that the guarantor opened in Shanghai Pudong Development Bank to liquidate the due liabilities.
(2) The liquidation order of deducted amount should be firstly to pay off the due expenses of guarantor and liabilities, furthermore to pay off due interest and finally to pay off due off principal capital unless otherwise stipulated by national authority.
(3) If the currency deducted does no conform with currency for liquidation, the creditor has right to pay off according to exchange rate/foreign exchanges he decides on his own and the exchange rate risk will be borne by the guarantor himself.
