RIGHT TO DEBIT Sample Clauses
The Right to Debit clause grants a party, typically a financial institution or service provider, the authority to withdraw funds directly from a customer's account under specified circumstances. This right is often exercised to collect payments due, such as fees, charges, or amounts owed under an agreement, without requiring additional consent each time a debit is made. By establishing a clear mechanism for automatic payment collection, the clause ensures timely settlement of obligations and reduces the risk of non-payment or delayed payments.
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RIGHT TO DEBIT. The Borrower irrevocably authorises the Lender to debit its accounts with the Lender (whether in Malaysia or elsewhere) as the Lender deems fit, in the event of any occurrence of an Event of Default and without any further notice to the Borrower for the payment of the Total Secured Amounts and any other amounts owing to the Lender.
RIGHT TO DEBIT. 26.1 Without affecting any other rights that the Bank may have under this Agreement or by operation of law, the Bank may at any time debit the Hirer’s account held with the Bank or PIBB, whether singly or jointly for any monies payable by the Hirer to the Bank under this Agreement.
RIGHT TO DEBIT. Without affecting any other rights and remedies of the Bank under this Agreement or the law, the Bank shall have the right (without being obliged to) at any time without prior notice to debit the Customer's current or any other account which the Customer may have with the Bank, whether alone or with any other person, with all amounts due and payable to the Bank including but not limited to valuation fees, insurance premium/takaful contribution, fees, commissions, charges, cost and expenses referred to in Clause 5 herein and all other monies due on the Facility.
RIGHT TO DEBIT. Without affecting any other rights that we may have under this Terms and Conditions or by law, we may, at any time, debit any of your accounts (including the balance on any overdraft account) which you may have with us whether alone or with any other person with any moneys whatsoever which are payable by you to us, including but not limited to costs, expenses, disbursements, taxes, duties or levies.
RIGHT TO DEBIT. The Bank can (but is not obliged to) at any time without affecting the Bank’s other rights and remedies, debit the Borrower’s current account or other accounts with the Bank and/or debit the balance of any overdraft facility with all other monies due under and arising from the Housing Loan/Facility.
RIGHT TO DEBIT. If any of the Total Indebtedness shall not be paid on the due date thereof the Lender shall be at liberty forthwith or any time thereafter to debit the same to any account of the Chargor then current without prejudice to the rights and remedies of the Lender against the Chargor and any other party liable to the Lender for the same and also without prejudice to any right of the Lender under this Debenture.
RIGHT TO DEBIT. 40.1 Without affecting any other rights that the Bank may have under this Agreement or by law, the Bank may, at any time, at the Bank‟s sole discretion, and without giving the Borrower any prior notice, debit the Borrower‟s current account or any other account (including the balance on any overdraft account) which the Borrower may have with the Bank whether alone or with any other person with any moneys whatsoever which are payable by the Borrower to the Bank.
40.2 If the Bank does debit the Borrower‟s account, the debiting is not to be taken as a waiver of any of the Events of Default.
40.3 If any debiting of any of the Borrower‟s accounts causes that account to be overdrawn, interest at the default rate stated in the Letter of Offer shall be payable to the Bank accordingly.