Direct Debiting definition

Direct Debiting means the Payment Instrument used to debit the Customer's Account if a Payment Operation is initiated by the Payee subject to the Payer’s consent provided to the Payee, to the payment service provider of the Payee or to the payment service provider of the Payer.
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Direct Debiting has the meaning given to it in Section 5.1 of Servicing Agreement; “Directors” means the Board of Directors for the time being of the Issuer;
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Direct Debiting. System The meaning given in Section 4.1 (Direct Debiting System) of the Servicing Agreement Direct Participants Direct participants in DTC Disclosure Documents The Final Terms Document together with the Prospectus and, if applicable, any relevant Pricing Supplement Drawdown Date The meaning given to it in Section 2.1 (The Intercompany Loan) of the Intercompany Loan Agreement DTC The Depository Trust Company or its successors DTC Covered Bonds Registered Covered Bonds accepted into DTC’s book-entry settlement system Due for Payment The requirement by the Guarantor to pay any Guaranteed Amount:
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Examples of Direct Debiting in a sentence

  • If an Obligor will not permit a Direct Debit to be made to his bank account under the Direct Debiting Scheme in relation to a Financing Contract or if an existing Direct Debit is cancelled, the Servicer shall use all reasonable endeavours in accordance with its Customary Operating Practices to ensure that alternative payment arrangements are promptly made which ensure the timely payment of amounts payable by the Obligor under such Financing Contract.

  • The Servicer shall operate its Direct Debiting Scheme in accordance with its Customary Operating Practices.

  • Prior to termination of this Agreement, the Administrator, the Seller, the Mortgages Trustee and Funding shall co-operate to obtain the agreement of the Borrowers to a new bank mandate permitting the Mortgages Trustee to operate the Direct Debiting Scheme.

  • Direct Debiting to credit cards does not form part of procedures governed by the Bulk Electronic Clearing System.

  • In addition to the aforementioned Direct Debiting Specific Commissions, the Payer owes and shall pay to the Bank commissions corresponding to the operations performed through the current account, provided in the Tariff of Commissions, according to the Framework agreement regarding the services and products offered by Alpha Bank Romania for individuals, concluded between the Bank and the Payer.

  • Prior to termination of this Agreement, the Servicer, the Seller, the Mortgages Trustee and the Funding Beneficiaries shall co-operate to obtain the agreement of the Borrowers to a new bank mandate permitting the Mortgages Trustee to operate the Direct Debiting Scheme.

  • The Guarantor acknowledges and agrees that unless otherwise notified by the Servicer, The Toronto-Dominion Bank will act as the collection agent for the Guarantor under the Direct Debiting System.

  • The customer should be aware that Direct Debiting through BECS is not available on all accounts and Account details should be checked against a recent statement from their Financial Institution.

  • Prior to termination of this Agreement, the Administrator, the Seller, the Mortgages Trustee and the Funding Beneficiaries shall co-operate to obtain the agreement of the Borrowers to a new bank mandate permitting the Mortgages Trustee to operate the Direct Debiting Scheme.

  • The Direct Debiting process provides for more efficient invoice handling.


More Definitions of Direct Debiting

Direct Debiting means the Payment Instrument used
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Related to Direct Debiting

  • Direct Debit means a payment service for debiting a payer’s payment account, where a payment transaction is initiated by the payee on the basis of the payer’s consent given to the payee, to the payee’s payment service provider or to the payer’s own payment service provider;

  • Direct Debit Request means the Direct Debit Request between Us and You.

  • Direct Deposit means an order for electronic transfer of a refund into a taxpayer’s financial institution account.

  • Debit means a charge or an amount of money somebody must pay. If we debit money to you or debit money to your account, that money is then added to the unpaid balance and the unpaid balance becomes larger. In this case “charge” and “debit” have similar meanings.

  • Direct Account : means any Account which is not an ISA Account.