Common use of Drawing arrangements Clause in Contracts

Drawing arrangements. (a) The Customer acknowledges that by completing Section 7 of the First Schedule to this Agreement, and signing this Agreement, all moneys due to the Supplier (being the relevant Price plus all other fees, taxes or other costs payable by the Customer from to time pursuant to this Agreement) will be drawn from that Customer’s nominated bank account or credit card. The Supplier will initiate a drawing on or after the Due Date. (b) If the relevant nominated bank account has more than one signatory, the Customer must make sure that each signatory signs all paperwork reasonably requested by the Supplier to give effect to this Clause 6. (c) If funds are not available in the Customer’s nominated bank account on the Due Date, the Supplier reserves the right to charge the Customer an unpaid direct debit fee in addition to any amounts payable under Clause 11. (d) If the Due Date falls on a non-business day, the Supplier will draw the amount, and the amount will be due, on the first business day before the Due Date. (e) The Supplier will keep all information pertaining to the Customer’s nominated bank account or credit card private and confidential.