Pre-Authorized Debit Agreement. This authorization (the “PAD Authorization”) is provided in connection with the Merchant Agreement upon Peoples Trust’s acceptance of the Merchant Application. Xxxxxxxx is entering into this PAD Authorization for business purposes. Xxxxxxxx hereby authorizes Payroc, for itself and/or on behalf of Peoples Trust, and Merchant’s financial institution(s) designated in the Merchant Application, to debit the bank account(s) designated in the Merchant Application or on the void cheque(s) attached to the Merchant Application for the purpose of paying any amounts that become due by Merchant under the Merchant Agreement including but not limited to any and all: (i) fees and charges as set forth on Schedule A, (ii) refunds and Chargebacks, (iii) payments required to establish a Reserve Account, and (iv) Card Association fines, fees, penalties and all other assessments or indebtedness levied by Card Associations to Peoples Trust which are attributable to Merchant, in accordance with the following instructions: • where only one account is designated in the Merchant Application, Merchant instructs and authorizes Payroc to debit that account for all such amounts payable by Merchant under the Merchant Agreement on the date such amounts become due and payable, • where a Fee Bank Account is designated in the Merchant Application but not a Chargeback Bank Account, Merchant instructs and authorizes Payroc to debit the Fee Bank Account for all such amounts payable by Merchant under the Merchant Agreement on the date such amounts become due and payable, • where both a Fee Bank Account and a Chargeback Bank Account are designated in the Merchant Application, Merchant instructs and authorizes Payroc to debit the Chargeback Bank Account for any Chargeback payable by Merchant under the Merchant Agreement on the date that such Chargeback becomes due and payable, and to debit the Fee Bank Account for all other amounts payable by Merchant under the Merchant Agreement on the date such amounts become due and payable, • where multiple accounts are designated in the Merchant Application and an authorized debit to one account is rejected due to insufficient funds or any other reason, Merchant instructs and authorizes Payroc to debit one or more of the other accounts designated above for the same amount. If the date of any authorized debit as described above is on a weekend or statutory holiday, Merchant authorizes Payroc to debit the relevant account on the next business day. Xxxxxxxx agre...
Pre-Authorized Debit Agreement. The Company may collect any amounts due from the Merchant pursuant to this Agreement via pre-authorized debits made in accordance with the PAD Agreement, regardless of whether pre-authorized debits by the Company was mentioned as a method of payment or collection from the Merchant.
Pre-Authorized Debit Agreement. (PAD) As a normal rule, the monthly Get Energy bill will be processed for the full amount owing under the terms and conditions of the PAD transaction and will be processed on the 7th calendar day of the month following the invoice statement date. Furthermore:
