Direct Debit Mandate. 11.1. By signing the Direct Debit Authorisation and Instruction included in Part D (or, in respect of a Further Loan, a new Part D) of this Agreement, the Borrower authorises the Lender to satisfy the Borrower’s payment obligations under a Loan by making a charge against a bank account held by the Borrower.
11.2. The Borrower acknowledges that the Lender is under no obligation to obtain payment of the Borrower’s obligations solely by making a charge against a bank account held by the Borrower, and that it has a right at any time to call for payment by other methods, including without limitation by way of deductions, from the Borrower’s salary or directly from the Borrower.
11.3. The Borrower agrees that should funds not be available at the time that the direct debit is presented to the Borrower’s bank, the Lender may continue presenting the unpaid debit instruction for as long as it chooses to do so.
11.4. The Borrower remains fully liable and responsible for payments of all amounts due and payable under this Agreement notwithstanding any failure by the Lender or any other person to effect payment thereof by way of making a charge against a bank account held by the Borrower,
11.5. The Borrower is responsible for all bank charges, charged by the Borrower’s bank to the Borrower, for all attempts to effect this payment.
11.6. The Borrower will immediately notify the Lender if the Borrower changes the bank account into which the Borrower’s salary is paid, as indicated in the relevant Loan Application Form.
Direct Debit Mandate. Except in the circumstances, and subject to your compliance with the provisions, set out in section 4.2.2, you must always obtain our prior written consent to modify, limit or revoke any Direct Debit Mandate relating to Your Bank Account regardless of where it is held. In the event that you revoke any Direct Debit Mandate at any time during the Agreement, Elavon reserves the right to charge you any reasonable costs it incurs in relation to for such revocation.
Direct Debit Mandate. After completing registration or at a later time, you will receive notice within the App requiring you to mandate a Direct Debit; to do so, the User will have to complete the provided Mandate form with your Bank details. The Direct Debit Mandate (the ’Mandate’) using Single European Payment Area (’SEPA’), BACS, Faster Payments and international wire transfers allows the periodical automatic transfer of funds from your Source Account to your E Wallet for the purposes of using the Offspring Service. GC re Mangopay and X. Xxxxx Ltd will be the names that appear as Creditor Reference Parties on your Bank statement.
Direct Debit Mandate. DD Mandate.pdf
Direct Debit Mandate. You agree to sign a direct debit mandate to allow the Service Fees and any amount owed by you to be debited directly from your bank account in accordance with the relevant regulations. You agree to keep such mandate in place until termination of this Agreement and/or until all monies due to us have been paid in full (whichever is later in time). We reserve the right to charge an administration fee of £5 per month for each month or part thereof between the Effective Date and the date you sign a direct debit mandate. The operation of this clause may not be applicable where you use STFS as your Acquirer.
