Common use of Debit Authorisation Clause in Contracts

Debit Authorisation. 10.1 The Owner authorises the company and its bankers to draw against its bank account whenever instructions to debit are given by the Owner to the company. 10.2 Instructions to debit shall be irrevocable and the Owner acknowledges that it shall under no circumstances whatsoever reverse, cancel or stop any payment related to any such debit instructions.

Appears in 1 contract

Sources: Terms and Conditions

Debit Authorisation. 10.1 The Owner authorises the company and its bankers to draw against its bank account whenever instructions to debit are given by the Owner to the company. 10.2 Instructions to debit shall be irrevocable and the Owner acknowledges that it shall under no circumstances circum− stances whatsoever reverse, cancel or stop any payment related to any such debit instructions.

Appears in 1 contract

Sources: Terms and Conditions