Canada Emergency Business Account Repayment Application

You authorize, for and on behalf of the Borrower, Coast Capital Savings to debit the designated account in the amount and frequency selected in this form. You agree that any direction you may provide to draw on the account and any draw in accordance with the this authorization will be binding on you and the Borrower. These instructions are effective until written notice to the contrary are given by you to Coast Capital Savings. You agree that, from time to time, you may authorize Coast Capital Savings to draw from another account upon your written or verbal instructions. Upon designating such other account, the payment amount and frequency selected in this from will apply to that account and all debits will be made pursuant to this authorization. This authorization may be cancelled or revoked at any time upon written notice being provided by you to Coast Capital Savings, within 30 days before the next scheduled payment. Coast Capital Savings may cancel your payments immediately without notice, if (i) payment cannot be processed due to insufficient funds in the account or for any other reasons whatsoever which prevent the transfer of funds, or (ii) Coast Capital Savings provides 30 days written notice to you.

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