Common use of Direct Debit / Standing Order Clause in Contracts

Direct Debit / Standing Order. 9.1 When requesting a Direct Debit / Standing Order, the client gives the Bank an order (material or electronic) to write-off an amount from the account(s) of the client and transfer it to a relevant account(s) for the purpose of paying for utility services or for other purposes, from one or several bank accounts of the client, on the date(s) determined by the client, without subsequent consent from the client. 9.2 The client is entitled to choose a particular or variable date for carrying out the order, the amount of the order can be both fixed or variable. 9.3 The parties agree that for carrying out a Direct Debit / Standing Order, the electronic payment certificate(s) created by the Bank shall have a legal force equaling those printed on paper and signed by the person authorized to dispose the account. 9.4 A Direct Debit / Standing Order by the Bank shall be effected only if there are sufficient funds available in the account. A partial transfer shall not be effected by the Bank. 9.5 The priority of a Direct Debit / Standing Order is determined according to the initial registration date/time of the order. 9.6 The client is committed to indicate the particular account, while using a Direct Debit / Standing Order, from where the transfer shall be made and shall always keep balance at the indicated account sufficient for Direct Debit / Standing Order, taking into account the commission fee, in the respective currency. Furthermore, the client agrees to allow the Bank to use the available balance of the overdraft from the respective account in case of an absence of sufficient funds. In such a case, the interest rate shall be accrued to the used overdraft amount determined by the relevant agreement. 9.7 The client acknowledges that in order to make changes to the existing order, it is necessary to cancel the registered order and register a new order. 9.8 The client is authorized to cancel an order issued to the Bank no later than the banking day prior to enforcing the order. 9.9 The client is entitled to receive information about Direct Debit / Standing Order transfers made from their account by means of communications determined by the present agreement. 9.10 The Bank is entitled not to make a Direct Debit / Standing Order transfer (settlement) in cases envisaged by the effective legislation of Georgia or in case of indebtedness to the Bank. 9.11 The Bank sends the client information on the status of Direct Debit / Standing Order transfers (completed, impossible to complete, etc.) at the telephone number registered at the Bank. The Bank is not responsible for the client’s failure to receive such notification or for any detriment incurred consequently. 9.12 The Bank is not responsible for any detriment incurred as a result of performed and/or mistakenly performed Direct Debit / Standing Order transfers, provided that the above indicated is caused by the lack of sufficient funds in the account of the client and/or if the client has submitted inaccurate information to the Bank and/or the damage was incurred due to any fault of the service provider company.

Direct Debit / Standing Order. 9.1 When 9.1. when requesting a Direct Debit / Standing Orderthe direct debit /standing order services, the client gives the Bank an bank order (material or electronic) to write-off an amount from the account(s) of the client and transfer it to a relevant account(s) for the purpose of paying to pay for utility services or for other purposes, purposes from one or several bank accounts of the client, on at the date(s) determined by the client, without subsequent consent from of the client. 9.2 The 9.2. the client is entitled to choose a particular or variable date for carrying out of performing the order, the amount of the order can be both fixed or variable. 9.3 The 9.3. the parties agree that for carrying out a Direct Debit / Standing Orderperforming direct debit /standing order, the electronic payment certificate(s) created by the Bank bank shall have a the legal force equaling to those printed on paper and signed by the person authorized to dispose the account. 9.4 A 9.4. Direct Debit debit / Standing Order order by the Bank bank shall be effected only if in case there are is sufficient funds amount available in at the account. A The partial transfer shall not be effected by the Bankbank. 9.5 The 9.5. priority of a Direct Debit / Standing Order direct debit /standing order is determined according to the initial registration date/time of the order. 9.6 The 9.6. the client is committed to indicate the particular account, account while using a Direct Debit / Standing Order, direct debit /standing order services from where the transfer shall be made and shall always keep balance at the indicated account sufficient for Direct Debit direct debit / Standing Orderstanding order services, taking into account the commission fee, in the respective currency. Furthermore, the client agrees to allow the Bank to bank use the available balance of the overdraft from the respective account in case of an absence of sufficient fundsamounts. In such a case, the interest rate shall be accrued to the used overdraft amount determined by the relevant agreement. 9.7 The 9.7. the client acknowledges that in order for the purpose to make changes to the existing order, it is necessary to cancel the registered order and register a the new order. 9.8 The 9.8. the client is authorized to cancel an the order issued to the Bank bank no later than the previous banking day prior to of enforcing the order. 9.9 The 9.9. the client is entitled to receive information about Direct Debit / Standing Order transfers direct debit /standing order services made from their his/her account by means of communications determined by the present agreement. 9.10 The Bank 9.10. the bank is entitled not to make a Direct Debit / Standing Order transfer direct debit /standing order (settlement) in cases envisaged by the effective legislation of Georgia or in case of indebtedness to the Bankbank. 9.11 The Bank 9.11. the bank sends the client information on the status of Direct Debit / Standing Order transfers the order of direct debit /standing order (completed, impossible to complete, complete etc.) to the client at the telephone number registered at the Bankbank. The Bank bank is not responsible for the client’s failure to receive not receiving such notification by the client or for any detriment incurred consequently. 9.12 The Bank 9.12. the bank is not responsible for any detriment incurred as a result of performed and/or mistakenly performed Direct Debit / Standing Order transfersdirect debit /standing order, provided that the above indicated is caused by the lack of sufficient funds in amounts at the account of the client and/or if the client has submitted inaccurate information to the Bank bank and/or the damage was incurred due to any fault reason of the service provider company.

Direct Debit / Standing Order. 9.1 9.1. When requesting a Direct Debit / Standing Orderthe direct debit/standing orders, the client gives the Bank an bank order (material tangible or electronic) to write-off an amount from the account(s) of the client and transfer it to a relevant account(s) for the purpose of paying to pay for utility services or for other purposes, purposes from one or several bank accounts of the client, on at the date(s) determined by the client, without subsequent consent from of the client. 9.2 9.2. The client is entitled to choose a particular or variable date for carrying out of performing the order, the amount of the order can be both fixed or variable. 9.3 9.3. The parties agree that for carrying out a Direct Debit performing the direct debit / Standing Orderstanding order, the electronic payment certificate(s) created by the Bank bank shall have a the legal force equaling to those printed on paper and signed by the person authorized to dispose the account. 9.4 A 9.4. Direct Debit debit / Standing Order order by the Bank bank shall be effected only if in case there are is sufficient funds amount available in at the account. A The partial transfer shall not be effected by the Bankbank. 9.5 The priority 9.5. Priority of a Direct Debit direct debit / Standing Order standing order is determined according to the initial registration date/time of the order. 9.6 9.6. The client is committed to indicate the particular account, account while using a Direct Debit direct debit / Standing Order, standing order from where the transfer shall be made and shall always keep balance at the indicated account sufficient for Direct Debit direct debit / Standing Orderstanding order, taking into account the commission fee, in the respective currency. Furthermore, the client agrees to allow the Bank to bank use the available balance of the overdraft from the respective account in case of an absence of sufficient fundsamounts. In such a case, the interest rate shall be accrued to the used overdraft amount determined by the relevant agreement. 9.7 9.7. The client acknowledges that in order for the purpose to make changes to the existing order, it is necessary to cancel the registered order and register a the new order. 9.8 9.8. The client is authorized to cancel an the order issued to the Bank bank no later than the previous banking day prior to enforcing of performing the order. 9.9 9.9. The client is entitled to receive information about Direct Debit / Standing Order transfers standing orders made from their his/her account by means of communications determined by the present agreement. 9.10 9.10. The Bank bank is entitled authorized not to make a Direct Debit / Standing Order transfer perform standing orders (settlement) in cases envisaged by the effective legislation of Georgia or in case of indebtedness existence of debt owed to the Bankbank. 9.11 9.11. The Bank bank sends the client information on the status of Direct Debit / Standing Order transfers the standing orders (completed, impossible to complete, complete etc.) at to the client to the telephone number registered at the Bankbank. The Bank bank is not responsible for the client’s failure to receive not receiving such notification by the client or for any detriment incurred consequently. 9.12 9.12. The Bank bank is not responsible for any detriment incurred as a result of performed and/or mistakenly performed Direct Debit / Standing Order transfersstanding orders, provided that the above indicated is caused by the lack of sufficient funds in amounts at the account of the client and/or if the client has submitted inaccurate information to the Bank bank and/or the damage was incurred due to any fault reason of the service provider company.

Direct Debit / Standing Order. 9.1 9.1. When requesting a Direct Debit / Standing Orderthe direct debit/standing orders, the client gives the Bank an bank order (material tangible or electronic) to write-off an amount from the account(s) of the client and transfer it to a relevant account(s) for the purpose of paying to pay for utility services or for other purposes, purposes from one or several bank accounts of the client, on at the date(s) determined by the client, without subsequent consent from of the client. 9.2 9.2. The client is entitled to choose a particular or variable date for carrying out of performing the order, the amount of the order can be both fixed or variable. 9.3 9.3. The parties agree that for carrying out a Direct Debit performing the direct debit / Standing Orderstanding order, the electronic payment certificate(s) created by the Bank bank shall have a the legal force equaling to those printed on paper and signed by the person authorized to dispose the account. 9.4 A 9.4. Direct Debit debit / Standing Order order by the Bank bank shall be effected only if in case there are is sufficient funds amount available in at the account. A The partial transfer shall not be effected by the Bankbank. 9.5 The priority 9.5. Priority of a Direct Debit direct debit / Standing Order standing order is determined according to the initial registration date/time of the order. 9.6 9.6. The client is committed to indicate the particular account, account while using a Direct Debit direct debit / Standing Order, standing order from where the transfer shall be made and shall always keep balance at the indicated account sufficient for Direct Debit direct debit / Standing Orderstanding order, taking into account the commission fee, in the respective currency. Furthermore, the client agrees to allow the Bank to bank use the available balance of the overdraft from the respective account in case of an absence of sufficient fundsamounts. In such a case, the interest rate shall be accrued to the used overdraft amount determined by the relevant agreement. 9.7 9.7. The client acknowledges that in order for the purpose to make changes to the existing order, it is necessary to cancel the registered order and register a the new order. 9.8 9.8. The client is authorized to cancel an the order issued to the Bank bank no later than the previous banking day prior to enforcing of performing the order. 9.9 9.9. The client is entitled to receive information about Direct Debit / Standing Order transfers standing orders made from their his/her account by means of communications determined by the present agreement. 9.10 9.10. The Bank bank is entitled authorized not to make a Direct Debit / Standing Order transfer perform standing orders (settlement) in cases envisaged by the effective legislation of Georgia or in case of indebtedness existence of debt owed to the Bankbank. 9.11 9.11. The Bank bank sends the client information on the status of Direct Debit / Standing Order transfers the standing orders (completed, impossible to complete, complete etc.) at to the client to the telephone number registered at the Bankbank. The Bank bank is not responsible for the client’s failure to receive not receiving such notification by the client or for any detriment incurred consequently. 9.12 9.12. The Bank bank is not responsible for any detriment incurred as a result of performed and/or mistakenly performed Direct Debit / Standing Order transfersstanding orders, provided that the above indicated is caused by the lack of sufficient funds in amounts at the account of the client and/or if the client has submitted inaccurate information to the Bank and/or the damage was incurred due to any fault of the service provider company.account

Direct Debit / Standing Order. 9.1 9.1. When requesting a Direct Debit / Standing Orderthe direct debit/standing orders, the client gives the Bank an bank order (material tangible or electronic) to write-off an amount from the account(s) of the client and transfer it to a relevant account(s) for the purpose of paying for utility services or for other purposes, from one or several bank accounts of the client, on the date(s) determined by the client, without subsequent consent from the client.to pay 9.2 9.2. The client is entitled to choose a particular or variable date for carrying out of performing the order, the amount of the order can be both fixed or variable. 9.3 9.3. The parties agree that for carrying out a Direct Debit performing the direct debit / Standing Orderstanding order, the electronic payment certificate(s) created by the Bank bank shall have a the legal force equaling to those printed on paper and signed by the person authorized to dispose the account. 9.4 A 9.4. Direct Debit debit / Standing Order order by the Bank bank shall be effected only if in case there are is sufficient funds amount available in at the account. A The partial transfer shall not be effected by the Bankbank. 9.5 The priority 9.5. Priority of a Direct Debit direct debit / Standing Order standing order is determined according to the initial registration date/time of the order. 9.6 9.6. The client is committed to indicate the particular account, account while using a Direct Debit direct debit / Standing Order, standing order from where the transfer shall be made and shall always keep balance at the indicated account sufficient for Direct Debit direct debit / Standing Orderstanding order, taking into account the commission fee, in the respective currency. Furthermore, the client agrees to allow the Bank to bank use the available balance of the overdraft from the respective account in case of an absence of sufficient fundsamounts. In such a case, the interest rate shall be accrued to the used overdraft amount determined by the relevant agreement. 9.7 9.7. The client acknowledges that in order for the purpose to make changes to the existing order, it is necessary to cancel the registered order and register a the new order. 9.8 9.8. The client is authorized to cancel an the order issued to the Bank bank no later than the previous banking day prior to enforcing of performing the order. 9.9 9.9. The client is entitled to receive information about Direct Debit / Standing Order transfers standing orders made from their his/her account by means of communications determined by the present agreement. 9.10 9.10. The Bank bank is entitled authorized not to make a Direct Debit / Standing Order transfer perform standing orders (settlement) in cases envisaged by the effective legislation of Georgia or in case of indebtedness existence of debt owed to the Bankbank. 9.11 9.11. The Bank bank sends the client information on the status of Direct Debit / Standing Order transfers the standing orders (completed, impossible to complete, complete etc.) at to the client to the telephone number registered at the Bankbank. The Bank bank is not responsible for the client’s failure to receive not receiving such notification by the client or for any detriment incurred consequently. 9.12 9.12. The Bank bank is not responsible for any detriment incurred as a result of performed and/or mistakenly performed Direct Debit / Standing Order transfersstanding orders, provided that the above indicated is caused by the lack of sufficient funds in amounts at the account of the client and/or if the client has submitted inaccurate information to the Bank bank and/or the damage was incurred due to any fault reason of the service provider company.

Direct Debit / Standing Order. 9.1 When 9.1. when requesting a the Direct Debit / Standing Order, the client gives the Bank an order (material or electronic) to write-off an amount from the account(s) of the client and transfer it to a relevant account(s) for the purpose of paying to pay for utility services or for other purposes, purposes from one or several bank accounts of the client, on at the date(s) determined by the client, without subsequent consent from of the client. 9.2 The 9.2. the client is entitled to choose a particular or variable date for carrying out of performing the order, the amount of the order can be both fixed or variable. 9.3 The 9.3. the parties agree that for carrying out a performing the Direct Debit / Standing Order, the electronic payment certificate(s) created by the Bank shall have a the legal force equaling to those printed on paper and signed by the person authorized to dispose the account. 9.4 A 9.4. Direct Debit / Standing Order by the Bank shall be effected only if in case there are is sufficient funds amount available in at the account. A The partial transfer shall not be effected by the Bank. 9.5 The 9.5. priority of a Direct Debit / Standing Order is determined according to the initial registration date/time of the order. 9.6 The 9.6. the client is committed to indicate the particular account, account while using a Direct Debit / Standing Order, Order from where the transfer shall be made and shall always keep balance at the indicated account sufficient for Direct Debit / Standing Order, taking into account the commission fee, in the respective currency. Furthermore, the client agrees to allow the Bank to use the available balance of the overdraft from the respective account in case of an absence of sufficient fundsamounts. In such a case, the interest rate shall be accrued to the used overdraft amount determined by the relevant agreement. 9.7 The 9.7. the client acknowledges that in order for the purpose to make changes to the existing order, it is necessary to cancel the registered order and register a the new order. 9.8 The 9.8. the client is authorized to cancel an the order issued to the Bank no later than the previous banking day prior to of enforcing the order. 9.9 The 9.9. the client is entitled to receive information about Direct Debit / Standing Order transfers made from their his/her account by means of communications determined by the present agreement. 9.10 The 9.10. the Bank is entitled not to make a Direct Debit / Standing Order transfer (settlement) in cases envisaged by the effective legislation of Georgia or in case of indebtedness to the Bank. 9.11 The 9.11. the Bank sends the client information on status of the status order of Direct Debit / Standing Order transfers (completed, impossible to complete, complete etc.) to the client at the telephone number registered at the Bankbank. The Bank is not responsible for the client’s failure to receive not receiving such notification by the client or for any detriment incurred consequently. 9.12 The 9.12. the Bank is not responsible for any detriment incurred as a result of performed and/or mistakenly performed Direct Debit / Standing Order transfers, provided that the above indicated is caused by the lack of sufficient funds in amounts at the account of the client and/or if the client has submitted inaccurate information to the Bank and/or the damage was incurred due to any fault reason of the service provider company.