Common use of Direct debit authority Clause in Contracts

Direct debit authority. (a) You may, or we may require you to, provide an executed direct debit authority authorising the financial institution specified in the direct debit authority to debit from your nominated account (Designated Account) the Monthly Licence Fees payable under this Licence Agreement as and when they fall due. If there are insufficient funds in the Designated Account to pay such amounts when due, you must pay the amount owing directly to us. (b) If clause 6(a) applies, and you wish to change the Designated Account, you must provide a new direct debit authority to us nominating the new Designated Account prior to any action terminating the then existing direct debit authority.

Direct debit authority. (a) You may, or we may require you to, provide an executed direct debit authority authorising the financial institution specified in the direct debit authority to debit from your nominated account (Designated Account) the Account)the Monthly Licence Fees payable under this Licence Agreement as and when they fall due. If there are insufficient funds in the Designated Account to pay such amounts when due, you must pay the amount owing directly to us. (b) If clause 6(a(a) applies, and you wish to change the Designated Account, you must provide a new direct debit authority to us nominating the new Designated Account prior to any action terminating the then existing direct debit authority.