Common use of Revocation of Authorization Clause in Contracts

Revocation of Authorization. Subject to the Section immediately following this Section, this authorization shall continue in full force and effect until the date which is five (5) Business Days after the date on which Bank actually receives written notice from Borrower expressly revoking the authority granted to Bank to charge Borrower’s Account for Automatic Payments in connection with the Loan. No such revocation by Borrower shall in any way release Borrower from or otherwise affect Borrower’s obligations under the Loan Documents, including Borrower’s obligations to continue to make all Automatic Payments required under the terms of the Note.

Appears in 1 contract

Samples: Loan and Security Agreement (Mountain Acquisition Corp.)

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Revocation of Authorization. Subject to the Section immediately following this Section, this authorization shall continue in full force and effect until the date which is five (5) Business Days after the date on which Bank Xxxxxx actually receives written notice from Borrower Xxxxxxxx expressly revoking the authority granted to Bank the Lender to charge Borrower’s the Account for Automatic Payments in connection with the LoanAdvances. No such revocation by Borrower shall in any way release Borrower from or otherwise affect Borrower’s obligations under the Loan Documents, including Borrower’s obligations to continue to make all Automatic Payments required under the terms of the NoteLoan Documents.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Hamilton Lane INC)

Revocation of Authorization. Subject to the Section immediately following this Section, this authorization shall continue in full force and effect until the date which is five (5) Business Days business days after the date on which Bank Lender actually receives written notice from Borrower expressly revoking the authority granted to Bank the Lender to charge Borrower’s the Account for Automatic Payments in connection with the Loan. No such revocation by Borrower shall in any way release Borrower from or otherwise affect Borrower’s obligations under the Loan Documents, including Borrower’s obligations to continue to make all Automatic Payments required under the terms of the Note.

Appears in 1 contract

Samples: Loan Agreement (PJT Partners Inc.)

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Revocation of Authorization. Subject to the Section immediately following this Section, this authorization shall continue in full force and effect until the date which is five (5) Business Days after the date on which Bank Xxxxxx actually receives written notice from Borrower expressly revoking the authority granted to Bank the Lender to charge Borrower’s the Account for Automatic Payments in connection with the LoanCredit Extensions. No such revocation by Borrower shall in any way release Borrower from or otherwise affect Borrower’s obligations under the Loan Documents, including Borrower’s obligations to continue to make all Automatic Payments required under the terms of the NoteLoan Documents.

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Hamilton Lane INC)

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