Common Contracts
1 similar Payment Authorization Agreement contracts
ACH SUPPLIER PAYMENT AUTHORIZATION AGREEMENTPayment Authorization Agreement • March 1st, 2019
This Supplier authorizes the City of Detroit to deposit payment for services rendered or goods provided into Suppliers account at the financial institution listed below. If the City of Detroit erroneously deposits funds into the account, or otherwise deposits funds to which Supplier is not entitled, then (1) Supplier will immediately notify the City of Detroit and the financial institution, (2) Supplier will not withdraw any of the funds which were erroneously deposited or to which Supplier is not entitled, and (3) Supplier authorizes the City of Detroit and the financial institution to take all actions necessary to correct the error and return to the City of Detroit all funds erroneously deposited or to which Supplier is not entitled. This authorization will remain in effect until the City of Detroit has received written notification from Supplier of its termination and the City of Detroit has had reasonable opportunity to act upon it.
