DEBIT ORDER INSTRUCTION Clause Samples
The Debit Order Instruction clause authorizes a third party, typically a service provider or creditor, to automatically deduct payments from the payer’s bank account on agreed dates. In practice, this clause outlines the payer’s consent, specifies the account details, and sets the frequency and amount of the deductions, such as monthly subscription fees or loan repayments. Its core function is to streamline payment collection, reduce missed payments, and provide a reliable mechanism for recurring financial obligations.
DEBIT ORDER INSTRUCTION. 15.1. The Merchant authorises NuPay to debit the Merchant’s nominated bank account, which details are stipulated on the Company Resolution signed by the Merchant’s duly authorised signatories, held at the branch of which is a cheque/savings/transmission account on the first business day of each month, or to collect any amount outstanding under this Agreement by any other legally permissible means. The Merchant agrees to notify NuPay immediately in writing if any of these bank account details changes, and failure to do so will be a material breach of this Agreement.
15.2. The Merchant hereby authorises NuPay to issue and deliver payment instructions to its banker for collection against the Merchant’s abovementioned account at the abovementioned bank on condition that the sum of such payment instructions will never exceed the Merchant’s obligations under this Agreement.
15.3. The Merchant agrees that NuPay is entitled to debit the Merchant’s bank account, at whatever bank that account is held, with all fees or amounts lawfully owing in terms of this agreement and any of the Schedules or annexures attached to this Agreement, where applicable.
15.4. The Merchant shall ensure that the aforesaid bank account always has sufficient funds in them.
15.5. The individual payment instructions so authorised to be issued must be issued and delivered monthly on or after the dates when the obligation in terms of this Agreement is due and the amount of each individual payment instruction may not be more or less than the obligation due.
15.6. The payment instructions so authorised to be issued must carry a number, which number must be included in the said payment instructions, and if provided to the Merchant should enable him to identify the Agreement.
15.7. The Merchant agrees that the first payment instruction will be issued and delivered on or after the Signature Date. Subsequent payment instructions will continue to be delivered in terms of this authority until the obligations in terms of this Agreement have been paid or until this authority is cancelled by NuPay by giving notice to the Merchant in writing of not less than one month and sent by prepaid registered post to the address listed in clause 34 of this Agreement.
15.8. The Merchant acknowledges that all payment instructions issued by NuPay shall be treated by the Merchant’s bank as if the instruction had been issued by him personally.
15.9. The Merchant agrees that although this authority and mandate may be cance...
DEBIT ORDER INSTRUCTION. The Client hereby authorises Have a Safe Trip to draw against his/her bank account or credit card account, all charges incurred in respect of the Service and the applicable Individual package as set out in Annexure “A”. Have a Safe Trip will endeavour to effect all such withdrawals from the Client’s bank account and credit card not sooner that the 28th day of each month. All such withdrawals from the Client’s bank account or credit card shall be treated as though they had been signed by the Client. The Client undertakes to pay any bank charges and processing costs relating to this debit order instruction.
DEBIT ORDER INSTRUCTION. The Client hereby authorizes TSC to draw against his/her bank account or credit card account, all charges incurred in respect of services rendered by TSC in accordance with the applicable tariff as amended from time to time. All such withdrawals from the Client’s bank account shall be affected by no sooner than the 28th day of every month and not later than the 3rd day of the month following the month during which the services were rendered. All such withdrawals from the Client’s bank account shall be treated as though they had been signed by the Client personally. The Client undertakes to pay any bank charges and processing costs relating to this debit order instruction.