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 through BECS is not available on all accounts; and 2.

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

  • The Association shall participate in the Direct Debiting Scheme as an originator for the purpose of collecting subscriptions for any class of membership and/or any other amounts due to the Association.

  • You should be aware that: a) Direct Debiting is not available on all accounts b) Account details should be checked against a recent statement from your financial institution.

  • Direct Debiting may not be available on the full range of accounts with Financial Institutions and you should check directly with your Financial Institution before submitting the Direct Debit Request form.

  • The User and its transferees and assignees may by prior arrangement and advice to me/us vary the amount or frequency of future debits.Customer Signature(s)Customer’s Address The ScheduleInsert Name of Account which is to be debited Financial InstitutionAddress of InstitutionBSB Number Account NumberNote: Direct Debiting is not available in the full range of accounts.

  • I/we acknowledge that this Direct Debiting arrangement is governed by the terms of the Direct Debit Service Agreement received from you.


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 Disbursement Requests for the Closing Disbursement(s) to be deposited into an account at Xxxxx Fargo Bank, N.A. must specify the amount and applicable account. Each account included in any such Disbursement Request must be listed below. Name on Deposit Account: Xxxxx Fargo Bank, N.A. Deposit Account Number: Further Credit Information/Instructions: Disbursements of Loan Proceeds Subsequent to Loan Closing/Origination Subsequent Disbursement Authorizers: Administrative Agent is authorized to accept one or more Disbursement Requests from any of the individuals named below (each, a “Subsequent Disbursement Authorizer”) to disburse Loan proceeds after the date of the Loan origination/closing and to initiate Disbursements in connection therewith (each, a “Subsequent Disbursement”): Individual’s Name Title 1.

  • Credit/Debit Card means a thin plastic card that contains identification information, with the help of which the cardholder can pay for purchases and services, as well as withdraw cash from the 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.

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Collections means all cash, checks, notes, instruments, and other items of payment (including insurance proceeds, proceeds of cash sales, rental proceeds, and tax refunds).

  • Debit Card means a card, including a Smart Card, issued by the Financial Institution that allows the holder of the card to deposit cash and/or Instruments or withdraw cash from the Account through an ATM, authorize Transactions on the Account through an ATM, and that operates like an Instrument to purchase goods and services from merchants.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Merchant Account means an account used to submit credit card or debit card transactions or process credit card or debit card transactions.

  • Joint Account means an Account opened in more than one name;

  • Payments or Deposits means the cash, check, or credit card amounts actually paid for Your Trip. Certificates, vouchers, discounts, credits, frequent traveler or frequent flyer rewards, miles or points applied (in part or in full) towards the cost of Your Travel Arrangements are not Payments or Deposits as defined herein.

  • ACH means automated clearing house transfers.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Account Information means any information relating to the Account including without limitation to the Account number, Account balance or value, gross receipts, withdrawals and payments to or from the Account.

  • Lock-Box Account With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.

  • Lockbox Account shall have the meaning set forth in Section 2.7.1 hereof.

  • Working With Children Check or WWCC means the process in place pursuant to Relevant Legislation to screen an individual for fitness to work with Children. Relevant checks and authority

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Financial Account means an account maintained by a Financial Institution, and includes:

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

  • Processing Fees means all routine, generally applicable City-wide fees required by the City for processing applications and permits including, but not limited to, fees for land use applications, building applications, building permits, and certificates of occupancy.

  • Customer Account Information means personally identifiable information including Personal Data and Consumption Data. Customer Account Information also includes information received by the Company from the customer for purposes of participating in regulated utility programs, including, but not limited to bill pay assistance, shutoff protection, renewable energy, demand-side management, load management, or energy efficiency.

  • Debit Card Transaction means an electronic payment using a Card for the purchase of goods or services (which can include payment for CashBack), by a Cardholder, to a Retailer displaying the Visa logo and/or who is in the Visa Scheme.

  • Management Accounts means unaudited accounts which shall incorporate a profit and loss statement, cash flow statement and balance sheet.