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. 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. 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. 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. 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. 9.1 Party B hereby irrevocably agrees that when Party B is indebted to Party A for any unpaid debts due (including when due in advance), Party A shall have the right to directly deduct all or part of the principal and interest of such debts and/or any other relevant fees owed by Party B to Party A from any account opened by Party B with Ping An Bank and/or all business institutions at any time, and/or dispose of the assets of Party B in such accounts to settle the debts owed by Party B to Party A; the interest, exchange rate and/or investment loss arising therefrom shall be borne by Party B.
9.2 Party A shall notify Party B in writing after the deduction or disposal of the monetized deduction, and shall have the right to continue to pursue the shortfall (if any) from Party B; if the proceeds from deduction involve multiple claims or are insufficient to settle all due debts (including principal, interest and/or fees), Party A shall have the right to determine the specific order of settlement of the proceeds from deduction unless otherwise specified in this Contract.
9.3 If currency conversion is involved in the deduction process, the foreign exchange rate announced at the time of deduction by Party A shall apply.
Deduction Agreement. 11.1 The Borrower shall authorize the Lender to deduct funds from any of the Borrower's accounts opened with the Bank of Communications for repayment if any principal of the loan, interest, penalty interest, compound interest or other fees fall due or become payable.
11.2 After deduction, the Lender shall notify the Borrower of account number, loan contract number, Loan Voucher number involved in the deduction, amount deducted and the amount of remaining debts.
11.3 If the amount obtained from the deduction is not sufficient to repay all debts of the Borrower, it shall be used to pay unpaid fees due first. Where the principal and interest are overdue for less than 90 days, the balance after payment of fees shall be used to pay due interest or penalty interest, compound interest unpaid first, and then repay the due principal unpaid; where the principal or interest are overdue for more than 90 days, the balance after payment of fees shall be used to repay the due principal unpaid first and then pay due interest or penalty interest, compound interest unpaid.
11.4 Where the currency of funds obtained from the deduction is different from that of the debts that need to be repaid, it shall be converted in accordance with the exchange rate quoted by the Bank of Communications at the time of the deduction.
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 When the borrower authorizes the loan principal, interest, penalty interest, compound interest or other expenses due and payable, the lender has the right to debit any account opened by the borrower in all branches of Bank of Communications Co., Ltd. Funds are used to pay off.
