Common use of Description of the Service Clause in Contracts

Description of the Service. 10.1.1 Automatic transfer service implies a transfer by the bank of the funds from the client’s account without further consent of the client, on the basis of fixed amount determined by the client in its application form or of information provided by the client’s creditor to the bank on the client’s debt.

Description of the Service. 10.1.1 Automatic transfer transfer/payment service implies a transfer by the bank of the funds from the clientClient’s account under paragraphs 10.2.1; 10.2.2 hereof without obtaining further consent of the clientClient, on the basis of the fixed amount determined indicated by the client Client in its application form or of the information provided by the clientClient’s creditor to the bank on Bank regarding the clientClient’s debtliability.