Pre-Authorized Debit Clause Samples
Pre-Authorized Debit. You acknowledge that the Firm may give you the ability to pay fees or amounts due, and to fund your Account by pre-authorized debit. In such a case, you authorize the Firm and the financial institution designated (or any institution you may authorize at any time) to effect debits as per your instructions for regular recurring and/or one-time payments from time to time, for payment of any applicable fees arising under any of your Accounts, for any other amounts due and to fund your Account. Where pre-authorized debit is offered, the Firm will, on a monthly basis (or as otherwise determined by the Firm) debit your specified Account on the due date and in the amount indicated on the bill statement. the Firm will obtain your authorization for any other debits. You understand and acknowledge that where a pre-authorized debit has been returned for non-sufficient funds (NSF) or dishonoured in any way, the Firm may represent a debit once more for the same amount as the original pre-authorized debit within 30 days following the return of the original pre-authorized debit. You agree to maintain balances sufficient to pay all fees, and agree that the Firm is not liable for any overdraft, insufficient funds, or charges caused or incurred by your failure to maintain funds sufficient to pay all debits presented by the Firm. If we re-present a debit and such debit has been returned for NSF or dishonoured in any way, the Firm reserves the right to collect an amount equal to the debit pursuant to section 1.j. and take all such other actions permitted under this Agreement. You may change or revoke this authorization at any time, provided that you provide advance notice to the Firm at least thirty (30) days before the next debit is scheduled.
Pre-Authorized Debit. (PAD) DETAILS
Pre-Authorized Debit. (PAD) Details
Pre-Authorized Debit. (PAD) Agreements: A PAD is an automatic monthly Credit Card payment, set up by you, to be withdrawn from a designated bank account on the Payment Due Date for either the current statement’s Minimum Payment or the full
Pre-Authorized Debit. The Tenant will participate in the Landlord’s pre-authorized payment plan (the “PAD Payment Plan”), whereby the Landlord will be authorized to debit the Tenant’s bank account for Rent payable on the first day of each month (unless specified otherwise in the Lease) on a monthly basis. Accordingly, the Tenant will complete and deliver the Landlord’s confidential pre-authorized debit form (the “PAD Form”) as provided by the Landlord upon execution of this Agreement.
Pre-Authorized Debit. The Tenant shall make payments of Rent for such period as the Landlord may request by way of a pre-authorized debit payment system. The Tenant shall pay all service fees and other charges in connection with the pre-authorized debit contemplated by this section including any charges or fees resulting from insufficient funds in the Tenant’s account and a late charge and administration fee of $500.00. If the Tenant changes its financial institution upon which such pre- authorized debits are drawn, the Tenant shall send a notice to the Landlord at least 30 days prior to the date such change is to take place and provide the Landlord with new pre-authorized debit authorization on the Tenant’s new financial institution. The Tenant acknowledges and agrees that the Tenant shall remain responsible for all payments of Rent even if the Tenant’s bank account is incorrectly debited or not debited for any reason whatsoever including an error by the Tenant’s financial institution.
Pre-Authorized Debit. 4.1. Pre-Authorized Debit. Cambridge may, with the consent of Client, initiate debit entries to a specified deposit account held by Client at a depository financial institution. Client acknowledges and agrees any Pre-Authorized Debit (“PAD”) will be subject to the Canadian Payments Act and the rules of Payments Canada.
4.2. Deposit Account Information. Client shall furnish certain deposit account information, including, without limitation, bank account number and bank routing number for each PAD transaction election. Client represents that all deposit account information provided to Cambridge is accurate. Client further represents that Client is the sole owner of the deposit account whose number or bank routing number is provided for the PAD and that Client possesses the authority to withdraw funds from the deposit account without the approval or participation of other person(s)
Pre-Authorized Debit. 4.1. Pre-Authorized Debit. Corpay may, with the consent of Client, initiate debit entries to a specified deposit account held by Client at a depository financial institution. Client acknowledges and agrees any Pre-Authorized Debit (“PAD”) will be subject to the Canadian Payments Act (▇▇▇▇▇://▇▇▇▇▇▇.▇▇/t/7vdg) and the rules of Payments Canada (▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇/).
4.2. Deposit Account Information. Client shall furnish certain deposit account information, including, without limitation, bank account number and bank routing number for each PAD transaction election. Client represents that all deposit account information provided to Corpay is accurate. Client further represents that Client is the sole owner of the deposit account whose number or bank routing number is provided for the PAD and that Client possesses the authority to withdraw funds from the deposit account without the approval or participation of other person(s)
Pre-Authorized Debit. (PAD) AGREEMENT
Pre-Authorized Debit. The Tenant shall make payments of Rent for such period as the Landlord may request by way of a pre-authorized debit payment system, by way of wire transfer or post dated cheques. The Tenant shall pay all any and all fees and other charges in connection with the pre-authorized debit or wire transfer contemplated by this section including any charges or fees resulting from insufficient funds in the Tenant’s account and a late charge and administration fee of S250.00. If the Tenant changes its financial institution upon which such pre-authorized debits are drawn, the Tenant shall send a notice to the Landlord at least 30 days prior to the date such change is to take place and provide the landlord with a new pre-authorized debit authorization form for the Tenant’s new financial institution. The Tenant acknowledges and agrees that the Tenant shall remain responsible for all payments of Rent even if the Tenant’s bank account is incorrectly debited or not debited for any reason whatsoever including an error by the Tenant’s financial institution.