Common use of PAYMENTS BY AUTOMATIC TRANSFER Clause in Contracts

PAYMENTS BY AUTOMATIC TRANSFER. If I request payment by automatic transfer, I understand and agree that no payment can or will be made if there are insufficient or uncollected funds in the designated account to make the scheduled payment. Should this event occur, I understand and agree that I will not be released from making the payment. Any automatic transfer I have requested will remain in effect until I cancel it in writing or the Account Balance is paid in full. You may cancel this service at your discretion.

PAYMENTS BY AUTOMATIC TRANSFER. If I request payment by automatic transfer, I understand and agree that no payment can or will be made if there are insufficient or uncollected funds in the designated deposit account to make the scheduled loan payment. Should this event occur, I understand and agree that I will not be released from making the payment. Any automatic transfer I have requested will remain in effect until I cancel it in writing or the Account Balance balance is paid in full. You may cancel this service at your discretion.; however, I understand that I am still responsible for ensuring that timely payment is made to you. DEFAULT I will be in default if:

PAYMENTS BY AUTOMATIC TRANSFER. If I request payment by automatic transfer, I understand and agree that no payment can or will be made if there are insufficient or uncollected funds in the designated sub-account to make the scheduled payment. Should this event occur, I understand and agree that I will not be released from making the payment. Any automatic transfer I have requested will remain in effect until I cancel it in writing or the Account Balance Agreement is paid in full. You may cancel this service at your discretion.. DEFAULT: I will be in default if: 1) I do not pay on time or in the proper amount(s);

PAYMENTS BY AUTOMATIC TRANSFER. If I you request payment by automatic transfer, I you understand and agree that no payment can or will be made if there are insufficient or uncollected funds in the designated account to make from which the scheduled paymentpayment was to be made. Should this event occur, I you understand and agree that I you will not be released from making the payment. Any automatic transfer I you have requested will remain in effect until I you cancel it in writing or the Account Balance account balance is paid in full. You The credit union may cancel this service at your its discretion.