Common use of DEBIT ORDER INSTRUCTION Clause in Contracts

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.