Common use of Direct Debit Clause in Contracts

Direct Debit. (a) The Borrower agrees that interest and principal payments and any fees will be deducted automatically on the due date from the Designated Deposit Account.

Appears in 3 contracts

Samples: Loan Agreement (Point 360), Standard Loan Agreement (Point.360), Standard Loan Agreement (Point 360)

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Direct Debit. (a) The Borrower agrees that interest and principal payments and any fees will be deducted automatically on the due date from checking account number 14969-01000, or such other of the Designated Deposit AccountBorrower's accounts with the Bank as designated in writing by the Borrower.

Appears in 2 contracts

Samples: Business Loan Agreement (Remedytemp Inc), Credit Agreement (Remedytemp Inc)

Direct Debit. (a) The Borrower agrees that interest and principal payments and any fees will be deducted automatically on the due date from the Designated Deposit Accountchecking account number .

Appears in 1 contract

Samples: Individual Loan Agreement (Sugarman Burt)

Direct Debit. (a) The Borrower agrees Borrowers agree that interest and principal payments and any fees will be deducted automatically on the due date from the Designated Deposit AccountBorrower 1's checking account.

Appears in 1 contract

Samples: Plan and Trust Agreement (California Water Service Group)

Direct Debit. (a) The Borrower agrees that interest and principal payments and any fees will be deducted automatically on the due date from the Designated Deposit AccountBorrowers account number 14576-50027, or such other of the Borrower's accounts with the Bank as designated in writing by the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Farr Co)

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Direct Debit. (a) The a. Borrower agrees that interest and and/or principal payments and any fees due under this Agreement will be deducted automatically on the date such payments are due date (each, a "Due date," collectively, the "Due Dates") from the Borrowers account no. (the "Designated Deposit Account").

Appears in 1 contract

Samples: Commercial Loan Agreement (Artest Corp)

Direct Debit. (a) The Borrower agrees Borrowers agree that interest and principal payments and any fees will be deducted automatically on the due date from Borrowers' account number [ ], or such other of Borrowers' accounts with Bank as designated in writing by Borrowers (the "Designated Deposit Account").

Appears in 1 contract

Samples: Lec Technologies Inc

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