Common use of Direct Debit operations Clause in Contracts

Direct Debit operations. 4.1. As regards MDD, the Client has the following obligations: (a) to assure in the Current Bank Account the required amount for the full payment (including the related fees) by at least two banking days before the payment deadline set up according to the Client’s agreement with the Beneficiary. No partial payment of an IDD is performed; (b) to assure the accuracy of information regarding the Current Bank Account and the communication of any changes to the Beneficiary; (c) to send the Beneficiary a copy of MDD or a Notification in this sense (including of change/revocation) if the Beneficiary opened his account with a Collecting Institution, other than the Paying Institution. The Client empowers BCR to notify the Beneficiary regarding the MDD conclusion and terms (including as regards MDD change/revocation), if the Paying Institution is identical to the Collecting Institution. (d) To pay all the due amounts before the MDD revocation.

Direct Debit operations. 4.1. As regards MDD, the Client has the following obligations: (a) to assure in the Current Bank Account the required amount for the full payment (including the related fees) by at least two banking days before the payment deadline set up according to the Client’s agreement with the Beneficiary. No partial payment of an IDD is performed; (b) to assure the accuracy of information regarding the Current Bank Account and the communication of any changes to the Beneficiary; (c) to send the Beneficiary a copy of MDD or a Notification in this sense (including of change/revocation) if the Beneficiary opened his account with a Collecting Institution, other than the Paying Institution. The Client empowers BCR to notify the Beneficiary regarding the MDD conclusion and terms (including as regards MDD change/revocation), if the Paying Institution is identical to the Collecting Institution. (d) To pay all the due amounts before the MDD revocation.

Direct Debit operations. 4.1. As regards MDD, the Client has the following obligations: (a) to assure in the Current Bank Account the required amount for the full payment (including the related fees) by at least two banking days before the payment deadline set up according to the Client’s agreement with the Beneficiary. No partial payment of an IDD is performed; (b) to assure the accuracy of information regarding the Current Bank Account and the communication of any changes to the Beneficiary; (c) to send the Beneficiary a copy of MDD or a Notification in this sense (including of change/change/ revocation) if the Beneficiary opened his account with a Collecting Institution, other than the Paying Institution. The Client empowers BCR to notify the Beneficiary regarding the MDD conclusion and terms (including as regards MDD change/change/ revocation), if the Paying Institution is identical to the Collecting Institution. (d) To pay all the due amounts before the MDD revocation.