Common use of DIRECT DEBIT AUTHORISATION Clause in Contracts

DIRECT DEBIT AUTHORISATION. The following provisions apply if a direct debit arrangement (“Direct Debit Authorization”) is entered between you and us to debit the account of you for moneys you owe to us. (a) The Direct Debit Authorization applies in respect of all moneys due and payable to us under the Confirmation and this Agreement; (b) You: i. Must ensure that enough funds are available in the nominated account to meet all drawings on their due dates; ii. Must advise us immediately if the account nominated is transferred or closed; iii. Must ensure a suitable alternate payment method is arranged with us if you terminate this Direct Debit Authorization; iv. Are liable for all fees incurred by us in relation to failed drawings.

DIRECT DEBIT AUTHORISATION. ‌ The following provisions apply if a direct debit arrangement (“Direct Debit AuthorizationAuthorisation”) is entered into between you and us to debit the account of you for moneys you owe to us. (a) The Direct Debit Authorization Authorisation applies in respect of all moneys due and payable to us under the Confirmation and this Agreement; (b) You:You:- i. Must (i) must ensure that enough sufficient funds are available in the nominated account to meet all drawings on their due dates; (ii. Must ) must advise us immediately if the account nominated is transferred or closed; (iii. Must ) must ensure a suitable alternate payment method is arranged with us if you terminate this Direct Debit AuthorizationAuthorisation; (iv. Are ) are liable for all fees incurred by us in relation to failed drawings.

DIRECT DEBIT AUTHORISATION. The following provisions apply if a direct debit arrangement (“Direct Debit AuthorizationAuthoriza�on”) is entered between you and us to debit the account of you for moneys you owe to us. (a) The Direct Debit Authorization Authoriza�on applies in respect of all moneys due and payable to us under the Confirmation Confirma�on and this Agreement; (b) You: i. Must ensure that enough funds are available in the nominated account to meet all drawings on their due dates; ii. Must advise us immediately if the account nominated is transferred or closed; iii. Must ensure a suitable alternate payment method is arranged with us if you terminate this Direct Debit AuthorizationAuthoriza�on; iv. Are liable for all fees incurred by us in relation rela�on to failed drawings.