Common use of Payment Authorisation Clause in Contracts

Payment Authorisation. For purposes of this payment authorisation, the term "I" refers to the new member whose name appears above as the primary account holder and on the Membership Agreement. "You" refers to the financial institution where I hold an account. I authorise you to pay membership fees on my behalf to BLOCK Gym, in the amount of the membership plan I have selected (inclusive of VAT at 20%). These payments will continue until I submit a written notice of cancellation of my membership to the Club as instructed in this agreement. I agree I am bound by the membership payment terms and unpaid account balance due upon cancellation. I agree that you will be fully protected in honouring these direct debits and that your treatment of them and rights in respect to them are the same as if personally signed by me. I understand that I must notify the Club of account changes and that I may incur an additional fee whenever there is a payment default. I understand that if I terminate the agreement or cancel the direct debit in a manner not described in the agreement, I may be liable to BLOCK for damages for breach of contract.