Common use of Drawing Arrangement Clause in Contracts

Drawing Arrangement. You acknowledge that the debit amount will be debited from your account according to the terms and conditions of the agreement with the Business and the terms and conditions of the Direct Debit Request (and specifically the Debit Arrangement and the Fees/Charges detailed in the Direct Debit Request) and this DDR Service Agreement. You authorise the first drawing under this Debit Arrangement will occur on the day nominated under the Direct Debit Request. You acknowledge that there may be a delay in processing the initial debit and those thereafter if: • there is a public or bank holiday on the day of the debit, or any day after the debit date; • a payment request is received by PWD on a day that is not a banking business day in Western Australia; • a payment request is received after normal PWD cut off times, being 3:00pm Western Australia time, Monday to Friday. • Any payments that fall due on any of the above will be processed on the next possible business day. You acknowledge that PWD is to provide at least 14 days notice via email if it proposes to vary the initial terms of the arrangement are made. This notice will state any changes to the amount, frequency, next drawing date and any other changes to the initial terms. If the Client wishes to discuss any changes to the initial terms, please contact our Accounts department on 1300 224 806 or email ▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇.▇▇ You acknowledge that you will contact the Business at least 7 working days prior to the next scheduled drawing date, if you wish to cancel, suspend, alter or defer any of the debit arrangements. You acknowledge that any request by them to stop or cancel the debit arrangements will be subject to the terms and conditions of the contract or at the discretion of PWD. If the Client wants to make changes to the drawing arrangements, contact the Accounts Department on 1300 224 806 or email ▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇.▇▇ To cancel the Direct Debit Authority, the online Cancellation Form, found within your personalised Dashboard, must be submitted. The Accounts Department will refer you here, however they will be able to assist with providing further information. The cancellation will be subject to approval by PWD. Cancellation of any Direct Debit Authority does not affect your liability to pay the fees in full under the contract.