Common use of Small-sum trust investments Clause in Contracts

Small-sum trust investments. 1. The Principal may choose to pay trust capital, trust fees and any associated charges by way of auto account debits, and authorize the Mandatory to collect payments from the deposit account specified and agreed between the Principal and the Mandatory on each payment due date (postponed if it coincides with a public holiday). If the payment cannot be processed on the scheduled date due to computer malfunction or any force majeure event, the Principal shall agree to have payment postponed until the issue has been resolved by the Mandatory.

Small-sum trust investments. 1. The Principal may choose to pay trust capital, trust fees and any associated charges by way of auto account debits, and authorize the Mandatory to collect payments from the deposit account specified and agreed between the Principal and the Mandatory on each payment due date (postponed post poned if it coincides with a public holiday). If the payment cannot be processed on the scheduled date due to computer malfunction or any force majeure event, the Principal shall agree to have payment postponed until the issue has been resolved by the Mandatory.