Common use of PAYMENT BY PRE-AUTHORIZED BANK TRANSFER Clause in Contracts

PAYMENT BY PRE-AUTHORIZED BANK TRANSFER. The FRANCHISEE will, from time to time during the term of this Agreement, execute such documents as CITY LOOKS may request to provide the FRANCHISEE'S unconditional and irrevocable authority and direction to its bank or financial institution authorizing and directing the FRANCHISEE'S bank or financial institution to pay and deposit directly to the account of CITY LOOKS, and to charge to the account of the FRANCHISEE, on Thursday of each week, the amount of the Continuing Fees, National Advertising Production Fees, Advertising Fees and other sums due and payable by the FRANCHISEE pursuant to this Agreement in accordance with Article 5 and Article 6 of this Agreement. The authorizations will be in the form prescribed by COST CUTTERS' bank. The FRANCHISEE'S authorizations will permit CITY LOOKS to designate the amount to be debited or drafted from the FRANCHISEE'S account and to adjust such amount from time to time, to the amount of the Continuing Fees, National Advertising Production Fees, Advertising Fees and other sums then payable to CITY LOOKS from the FRANCHISEE. If the FRANCHISEE fails at any time to provide reports of Gross Revenues as required under Article 19.3 of this Agreement, then CITY LOOKS will have the right, in its sole discretion, to estimate the amount of the Continuing Fees, National Advertising Production Fees, Advertising Fees and other sums due and payable to CITY LOOKS, and to designate such estimated amount as the amount to be debited or drafted from the FRANCHISEE'S account. The FRANCHISEE will, at all times during the term of this Agreement, maintain a balance in its account at its bank or financial institution sufficient to allow the appropriate amount to be debited from the FRANCHISEE'S account for payment of the Continuing Fees, National Advertising Production Fees, Advertising Fees and other sums payable by the FRANCHISEE for deposit in the account of CITY LOOKS.

PAYMENT BY PRE-AUTHORIZED BANK TRANSFER. The FRANCHISEE will execute an authorization for direct payment in the form attached hereto as Exhibit "B" and will, from time to time during the term of this Agreement, execute such other documents as CITY LOOKS COST CUTTERS may request to provide the FRANCHISEE'S unconditional and irrevocable authority and direction to its bank or financial institution authorizing and directing the FRANCHISEE'S bank or financial institution to pay and deposit directly to the account of CITY LOOKSCOST CUTTERS, and to charge to the account of the FRANCHISEE, on Thursday of each week, the amount of the Continuing Fees, National Advertising Production Fees, Advertising Fees and other sums due and payable by the FRANCHISEE pursuant to this Agreement in accordance with Article 5 and Article 6 of this Agreement. The authorizations will be in the form prescribed by COST CUTTERS' bank. The FRANCHISEE'S authorizations will permit CITY LOOKS COST CUTTERS to designate the amount to be debited or drafted from the FRANCHISEE'S account and to adjust such amount from time to time, to the amount of the Continuing Fees, National Advertising Production Fees, Advertising Fees and other sums then payable to CITY LOOKS COST CUTTERS from the FRANCHISEE. If the FRANCHISEE fails at any time to provide reports of Gross Revenues as required under Article 19.3 of this Agreement, then CITY LOOKS COST CUTTERS will have the right, in its sole discretion, to estimate the amount of the Continuing Fees, National Advertising Production Fees, Advertising Fees and other sums due and payable to CITY LOOKSCOST CUTTERS, and to designate such estimated amount as the amount to be debited or drafted from the FRANCHISEE'S account. The FRANCHISEE will, at all times during the term of this Agreement, maintain a balance in its account at its bank or financial institution sufficient to allow the appropriate amount to be debited from the FRANCHISEE'S account for payment of the Continuing Fees, National Advertising Production Fees, Advertising Fees and other sums payable by the FRANCHISEE for deposit in the account of CITY LOOKSCOST CUTTERS.

PAYMENT BY PRE-AUTHORIZED BANK TRANSFER. The FRANCHISEE will, from time to time during the term of this Agreement, execute such documents as CITY LOOKS COST CUTTERS may request to provide the FRANCHISEE'S unconditional and irrevocable authority and direction to its bank or financial institution authorizing and directing the FRANCHISEE'S bank or financial institution to pay and deposit directly to the account of CITY LOOKSCOST CUTTERS, and to charge to the account of the FRANCHISEE, on Thursday of each week, the amount of the Continuing Fees, National Advertising Production Fees, Advertising Fees and other sums due and payable by the FRANCHISEE pursuant to this Agreement in accordance with Article 5 and Article 6 of this Agreement. The authorizations will be in the form prescribed by COST CUTTERS' bank. The FRANCHISEE'S authorizations will permit CITY LOOKS COST CUTTERS to designate the amount to be debited or drafted from the FRANCHISEE'S account and to adjust such amount from time to time, to the amount of the Continuing Fees, National Advertising Production Fees, Advertising Fees and other sums then payable to CITY LOOKS COST CUTTERS from the FRANCHISEE. If the FRANCHISEE fails at any time to provide reports of Gross Revenues as required under Article 19.3 of this Agreement, then CITY LOOKS COST CUTTERS will have the right, in its sole discretion, to estimate the amount of the Continuing Fees, National Advertising Production Fees, Advertising Fees and other sums due and payable to CITY LOOKSCOST CUTTERS, and to designate such estimated amount as the amount to be debited or drafted from the FRANCHISEE'S account. The FRANCHISEE will, at all times during the term of this Agreement, maintain a balance in its account at its bank or financial institution sufficient to allow the appropriate amount to be debited from the FRANCHISEE'S account for payment of the Continuing Fees, National Advertising Production Fees, Advertising Fees and other sums payable by the FRANCHISEE for deposit in the account of CITY LOOKSCOST CUTTERS.

PAYMENT BY PRE-AUTHORIZED BANK TRANSFER. The FRANCHISEE will execute an authorization for direct payment in the form attached hereto as Exhibit "B" and will, from time to time during the term of this Agreement, execute such other documents as CITY LOOKS WCH may request to provide the FRANCHISEE'S unconditional and irrevocable authority and direction to its bank or financial institution authorizing and directing the FRANCHISEE'S bank or financial institution to pay and deposit directly to the account of CITY LOOKSWCH, and to charge to the account of the FRANCHISEE, on Thursday Wednesday of each week, the amount of the Continuing Fees, National Advertising Production Fees, Advertising Fees and other sums due and payable by the FRANCHISEE pursuant to this Agreement in accordance with Article 5 and Article 6 of this Agreement. The authorizations will be in the form prescribed by COST CUTTERS' bank. The FRANCHISEE'S authorizations will permit CITY LOOKS WCH to designate the amount to be debited or drafted from the FRANCHISEE'S account and to adjust such amount from time to time, to the amount of the Continuing Fees, National Advertising Production Fees, Advertising Fees and other sums then payable to CITY LOOKS WCH from the FRANCHISEE. If the FRANCHISEE fails at any time to provide reports of Gross Revenues as required under Article 19.3 of this Agreement, then CITY LOOKS WCH will have the right, in its sole discretion, to estimate the amount of the Continuing Fees, National Advertising Production Fees, Advertising Fees and other sums due and payable to CITY LOOKSWCH, and to designate such estimated amount as the amount to be debited or drafted from the FRANCHISEE'S account. The FRANCHISEE will, at all times during the term of this Agreement, maintain a balance in its account at its bank or financial institution sufficient to allow the appropriate amount to be debited from the FRANCHISEE'S account for payment of the Continuing Fees, National Advertising Production Fees, Advertising Fees and other sums payable by the FRANCHISEE for deposit in the account of CITY LOOKSWCH.

PAYMENT BY PRE-AUTHORIZED BANK TRANSFER. The FRANCHISEE will execute an authorization for direct payment in the form attached hereto as Exhibit "B" and will, from time to time during the term of this Agreement, execute such other documents as CITY LOOKS may request to provide the FRANCHISEE'S unconditional and irrevocable authority and direction to its bank or financial institution authorizing and directing the FRANCHISEE'S bank or financial institution to pay and deposit directly to the account of CITY LOOKS, and to charge to the account of the FRANCHISEE, on Thursday of each week, the amount of the Continuing Fees, National Advertising Production Fees, Advertising Fees and other sums due and payable by the FRANCHISEE pursuant to this Agreement in accordance with Article 5 and Article 6 of this Agreement. The authorizations will be in the form prescribed by COST CUTTERS' bank. The FRANCHISEE'S authorizations will permit CITY LOOKS to designate the amount to be debited or drafted from the FRANCHISEE'S account and to adjust such amount from time to time, to the amount of the Continuing Fees, National Advertising Production Fees, Advertising Fees and other sums then payable to CITY LOOKS from the FRANCHISEE. If the FRANCHISEE fails at any time to provide reports of Gross Revenues as required under Article 19.3 of this Agreement, then CITY LOOKS will have the right, in its sole discretion, to estimate the amount of the Continuing Fees, National Advertising Production Fees, Advertising Fees and other sums due and payable to CITY LOOKS, and to designate such estimated amount as the amount to be debited or drafted from the FRANCHISEE'S account. The FRANCHISEE will, at all times during the term of this Agreement, maintain a balance in its account at its bank or financial institution sufficient to allow the appropriate amount to be debited from the FRANCHISEE'S account for payment of the Continuing Fees, National Advertising Production Fees, Advertising Fees and other sums payable by the FRANCHISEE for deposit in the account of CITY LOOKS.

PAYMENT BY PRE-AUTHORIZED BANK TRANSFER. The FRANCHISEE will, from time to time during the term of this Agreement, execute such documents as CITY LOOKS WCH may request to provide the FRANCHISEE'S unconditional and irrevocable authority and direction to its bank or financial institution authorizing and directing the FRANCHISEE'S bank or financial institution to pay and deposit directly to the account of CITY LOOKSWCH, and to charge to the account of the FRANCHISEE, on Thursday Wednesday of each week, the amount of the Continuing Fees, National Advertising Production Fees, Advertising Fees and other sums due and payable by the FRANCHISEE pursuant to this Agreement in accordance with Article 5 and Article 6 of this Agreement. The authorizations will be in the form prescribed by COST CUTTERS' WCH'S bank. The FRANCHISEE'S authorizations will permit CITY LOOKS WCH to designate the amount to be debited or drafted from the FRANCHISEE'S account and to adjust such amount from time to time, to the amount of the Continuing Fees, National Advertising Production Fees, Advertising Fees and other sums then payable to CITY LOOKS WCH from the FRANCHISEE. If the FRANCHISEE fails at any time to provide reports of Gross Revenues as required under Article 19.3 of this Agreement, then CITY LOOKS WCH will have the right, in its sole discretion, to estimate the amount of the Continuing Fees, National Advertising Production Fees, Advertising Fees and other sums due and payable to CITY LOOKSWCH, and to designate such estimated amount as the amount to be debited or drafted from the FRANCHISEE'S account. The FRANCHISEE will, at all times during the term of this Agreement, maintain a balance in its account at its bank or financial institution sufficient to allow the appropriate amount to be debited from the FRANCHISEE'S account for payment of the Continuing Fees, National Advertising Production Fees, Advertising Fees and other sums payable by the FRANCHISEE for deposit in the account of CITY LOOKSWCH.