Common use of Direct Debit (Pre-Billing) Clause in Contracts

Direct Debit (Pre-Billing). (a) The Borrower agrees that the Bank will debit the Designated Account on the date each payment of principal and interest and any fees from the Borrower becomes due (the “Due Date”).

Appears in 2 contracts

Samples: Loan Agreement (Cumberland Pharmaceuticals Inc), Loan Agreement (Cumberland Pharmaceuticals Inc)

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Direct Debit (Pre-Billing). (a) The Borrower agrees that the Bank will debit the Borrower's deposit account number 12892-01362, or such other of the Borrowers accounts with the Bank as designated in writing by the Borrower (the "Designated Account Account") on the date each payment of principal and interest and any fees from the Borrower becomes due (the "Due Date"). If the Due Date is not a banking day, the Designated Account will be debited on the next banking day.

Appears in 1 contract

Samples: Business Loan Agreement (U S Laboratories Inc)

Direct Debit (Pre-Billing). (a) The Borrower agrees that the Bank will debit the Borrower's deposit account number 14995-50830 (the "Designated Account Account") on the date each payment of principal and principal, interest and any fees from the Borrower becomes due (the "Due Date"). If the Due Date is not a banking day, the Designated Account will be debited on the next banking day.

Appears in 1 contract

Samples: Loan Agreement (Il Fornaio America Corp)

Direct Debit (Pre-Billing). (a) The Borrower agrees Borrowers agree that the Bank will debit deposit account number _____________________ owned by the Borrowers or such other of the Borrowers' accounts with the Bank as designated in writing by the Borrowers (the "Designated Account Account") on the date each payment of principal and interest and any fees from the Borrower becomes Borrowers become due (the "Due Date").

Appears in 1 contract

Samples: Loan Agreement (California First National Bancorp)

Direct Debit (Pre-Billing). (a) The Borrower agrees that the Bank will debit deposit account number ________ owned by the Borrower, or such other of the Borrower’s accounts with the Bank as designated in writing by the Borrower (the “Designated Account Account”) on the date each payment of principal and interest and any fees from the Borrower becomes due (the “Due Date”).

Appears in 1 contract

Samples: Note and Agreement (Premier Exhibitions, Inc.)

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Direct Debit (Pre-Billing). (a) The Borrower agrees Borrowers agree that the Bank will debit the deposit account numbers identified above, or such other of the Borrowers’ accounts with the Bank as designated in writing by the Borrowers (each, a “Designated Account Account”) on the date each payment of principal and interest and any fees from the Borrower becomes Borrowers become due (the “Due Date”).

Appears in 1 contract

Samples: Loan Agreement (Iaso Pharma Inc)

Direct Debit (Pre-Billing). (a) The Borrower agrees that the Bank will debit deposit account number owned by the Borrower or such other of the Borrower’s accounts with the Bank as designated in writing by the Borrower (the “Designated Account Account”) on the date each payment of principal and interest and any fees from the Borrower becomes due (the “Due Date”).

Appears in 1 contract

Samples: Loan Agreement (Thomas Group Inc)

Direct Debit (Pre-Billing). (a) The Borrower agrees Borrowers agree that the Bank will debit Borrower 1’s account number or such other of the Borrowers’ accounts with the Bank as designated in writing by the Borrowers (the “Designated Account Account”) on the date each payment of principal and interest and any fees from the Borrower Borrowers becomes due (the “Due Date”).

Appears in 1 contract

Samples: Business Loan Agreement (Bebe Stores Inc)

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