Direct Debiting Scheme definition

Direct Debiting Scheme means the scheme for the manual or automated debiting of bank accounts operated in accordance with the detailed rules of certain members of the Association for Payment Clearing Services;
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Direct Debiting Scheme means the scheme for the manual or automated debiting of bank accounts operated in accordance with the detailed rules of certain members of the Association for Payment Clearing Services.
Sample 1Sample 2
Direct Debiting Scheme means the system for the manual or automated debiting of bank accounts by Direct Debit operated in accordance with the principal rules of certain members of the Association for Payment Clearing Services. "Discount Rate" means 5.8720 per cent. per annum, whereby discounting shall take place on the basis of one year of 360 days being equivalent to 12 months, each month consisting of 30 days.
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Examples of Direct Debiting Scheme in a sentence

  • 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.

  • 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.

  • 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.


More Definitions of Direct Debiting Scheme

Direct Debiting Scheme means the system for the manual or automated debiting of bank accounts by Direct Debit operated in accordance with the principal rules of certain members of the Association for Payment Clearing Services. "Discount Rate" means 4.1951 per cent. per annum, which equals the weighted average of (i) the estimated fixed rates under the Swap Agreement and (ii) an estimate of the hypothetical swap rate (being higher than the fixed rate under the Swap Agreement) theoretically needed to swap the floating rate payments of the Subordinated Loan, plus the Servicer Fee at a rate of 1 per cent. per annum, plus 0.03 per cent. for any administrative cost and fees. The Discount Rate shall include an amount equal to the Interest Compensation Rate which is available to pay Interest Compensation Order of Priority Required Amounts on any Payment Date.
Sample 1
Direct Debiting Scheme means the system for the manual or automated debiting of bank accounts by Direct Debit operated in accordance with the principal rules of certain members of the Association for Payment Clearing Services. "Discount Rate" means 4.1951 per cent. per annum, which equals the weighted average of (i) the estimated fixed rates under the Swap Agreement and (ii) an estimate of the hypothetical swap rate (being higher than the fixed rate under the Swap Agreement) theoretically needed to swap the floating rate payments of the Subordinated Loan, plus the Servicer Fee at a rate of 1 per cent. per annum, plus 0.03 per cent. for any administrative cost and fees. The Discount Rate shall include an amount equal to the Interest Compensation Rate which is available to pay Interest Compensation Order of Priority Required Amounts on any Payment Date.
Sample 1

Related to Direct Debiting Scheme

  • 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;

  • collective investment scheme means any arrangements with respect to property of any description, including money, the purpose or effect of which is to enable Persons taking part in the arrangements (whether by becoming owners of the property or any part of it or otherwise) to participate in or receive profits or income arising from the acquisition, holding, management or disposal of the property or sums paid out of such profits or income.

  • Number of Students Who Began the Program means the number of students who began a program who were scheduled to complete the program within 100% of the published program length within the reporting calendar year and excludes all students who cancelled during the cancellation period.

  • 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.

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

  • JetBrains Account or “JBA” means an account at xxxxx://xxxxxxx.xxxxxxxxx.xxx created by Customer, having a unique name and password, and through which Customer has access to Products in accordance with a Toolbox Subscription.

  • Unallocated annuity contract means any annuity contract or group annuity certificate which is not issued to and owned by an individual, except to the extent of any annuity benefits guaranteed to an individual by an insurer under such contract or certificate.

  • Nominated Account means any of the accounts nominated by you from time to time for use with phone banking, internet banking or Credit External payments.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Salary reduction plan means a benefit plan whereby state and

  • Plan Account means the account established for each Participant pursuant to Section 8(a).

  • Statewide popular election means a general election in which votes are cast for

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

  • Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).

  • retirement annuity contract means a contract or scheme approved under Chapter III of Part XIV of the Income and Corporation Taxes Act 1988;