Common use of GIRO Clause in Contracts

GIRO. (a) You may use the GIRO or direct debit banking system which we may make available to you at our reasonable discretion in connection with your CUC account to transfer funds from and/or into your CUC account and all instructions, and any variation or modification thereof, to us for the transfer of funds from and/or into your CUC account (“Direct Debit Instructions”) shall be on our prescribed forms and/or in such other manner as we may from time to time permit. The transfer of funds under this fund transfer service will only take effect on such date as we may determine and notify to you in writing provided the instructions to transfer the funds were provided in accordance with our prevailing verification procedures at the time of the transfer.

GIRO. (a) You may use the GIRO or direct debit banking system which we may make available to you at our reasonable discretion in connection with your CUC account to transfer funds from and/or into your CUC account and all instructions, and any variation or modification modification thereof, to us for the transfer of funds from and/or into your CUC account (“Direct Debit Instructions”) shall be on our prescribed forms and/or in such other manner as we may from time to time permit. The transfer of funds under this fund transfer service will only take effect on such date as we may determine and notify to you in writing provided the instructions to transfer the funds were provided in accordance with our prevailing verification verification procedures at the time of the transfer.