Standing Order Clause Samples

Standing Order. A general order to a vendor or a publisher to supply the volumes or parts of a particular title or type of publication as they appear, usually until otherwise notified.

Standing Order. The Bank remits a particular amount from the Client’s account at regular times; as instructed by the Client. (1) Cash Deposit – The Client deposits cash into an account.

Standing Order. The Customer hereby acknowledges that a Standing Order authorizes the bank to continuously deduct from the customer’s account the amount(s) and for the duration as stipulated in the instruction or obligation until the bank has received a cancellation request from the customer or the beneficiary. The Customer acknowledges that it can’t cancel a standing order if it entails a payment obligation on the customer to the benefit of Al Rajhi Bank or a third party unless the customer has a clearance from the bank or the third party concerned. The customer warrants the correctness of all information in the instruction or obligation and acknowledges that Al Rajhi Bank is not responsible in case of inaccuracy of such information or in case the customer unduly cancels the standing order, has no sufficient funds in its account on deduction date, upon emergency suspension or errors in communication systems, or in case of inability to reach the beneficiary due to inaccurate information, decline to accept payment or due to any other reason for which the bank is not to blame.

Standing Order. 8.1. The client is authorized to give the bank an order, on the basis of which the bank will make regular payments in favor of the recipient; 8.2. In order to activate the standing order (to receive the service), the client must apply to the bank in accordance with paragraph 1.2 of this agreement. 8.3. A standing order can also be used to pay utility bills or transfer funds from the client's accounts for other purposes without the client's further consent. 8.4. The parties agree that the electronic payment documents developed by the Bank for a standing order have the same legal power as a document printed on paper and confirmed by the signature of a person authorized to dispose of the account. 8.5. If the execution day of the operation requested by the standing order application coincides with a non-banking day, it will be executed on the next banking day. 8.6. If in order to perform the operation requested by the application, it is necessary to convert the amount into another currency, the conversion will be done at the commercial exchange rate active at JSC Basisbank on the day the payment is executed. 8.7. In order to perform a standing order by the bank, the client is obliged to: 8.7.1.1. Always have sufficient balance for scheduled payment and service fee (if any) on the accounts specified in the standing order application; 8.7.1.2. Pay the service fee based on the rates applicable in the bank at the time of payment. 8.8. The client is entitled to: 8.8.1. Receive information about making payments from their accounts on the basis of a standing order; 8.8.2. Cancel the standing order only before the next payment operation is executed (before their account is debited with the amount of the operation). 8.9. The bank is obliged to: 8.9.1. Fulfill the client's standing order under the terms and procedures established by the bank. 8.10. The bank is authorized to: 8.10.1. Not to perform the next credit payment operation defined by the standing order: 8.10.1.1. In case of insufficient funds on the client's account(s); 8.10.1.2. In the cases provided for by the current legislation of Georgia; 8.10.1.3. In the presence of the client's debt to the bank; 8.10.1.4. In the cases specified in the paragraph 8.3 of the agreement, to unilaterally terminate the standing order to the client in the event that the contractual relationship between the bank and the person receiving the money is terminated (if any).

Standing Order. This is the preferred method of payment. This will reduce paperwork and the need for you to come to our offices to make payments. Please fill out our Standing Order Mandate and give it to your bank. The admin office must be notified if this is your preferred method of payment. Bank Transfer. This payment method is only applicable for Option 1 or Option 2.

Standing Order. An instruction to a bank by an account holder to make regular fixed payments to a particular company.

Standing Order. Card Security Service - type - standard according to the Customer’s choice on one of his/her cards; Monthly, the following types of Transactions in the amount of 3000 (three thousand) GEL in total: Transfer in GEL to a bank account in the Bank through the Internet Banking and Mobile Banking; Transfer in GEL to a bank account outside the Bank through the Internet Banking and Mobile Banking; Payments through the Internet Banking and Mobile Banking; Standing order in GEL, to a bank account outside the Bank; Withdrawal of money in GEL from an ATM through the Customer’s debit card. Note: When calculating the monthly total amount specified in this Paragraph, the volume of amount of the following types of Transactions should be taken into consideration, however, the Customer is obliged to pay the amount of the standard Commission Fee set by the Bank for carrying out the mentioned Transactions: Transfer in GEL to a bank account in the Bank at the Bank's service center; Transfer in GEL through a Bank's self-service terminal to a bank account in the Bank; Transfer in GEL to a bank account outside the Bank at the Bank's service center; Transfer in GEL through a Bank's self-service terminal to a bank account outside the Bank; Payments at the Bank's service center; Viber transfer operation; Payments through ▇▇▇.▇▇▇.▇▇; Transfer in GEL to a bank account in the Bank using the Standing order; Transfer in GEL between the Customer's accounts existing in the Bank using the Standing order The calculation period for the volume of monthly total amount determined by this Paragraph will start from the date of activation of the Accounts’ Package. The Banking Products/Services included in the Accounts’ Package RB Package 2 and conditions established for them: Account - 1 (one) Multi-currency Universal Account; Card - 1 (one) MasterCard Standard or 1 (one) Visa Standard plastic card, 1 (one) American Express PLUS plastic card, 1 (one) digital card;

Standing Order. This is the preferred method of payment. Parents must fill out our Standing Order Mandate and provide a copy of the Mandate to the school Secretary (the original must be given to the bank).

Standing Order. A contract that provides for a vendor to supply specified products or services for a specified period of time with actual requirements to be determined, requested, and delivered when and as required.