Direct Deposit Application Form. The Supplier will submit to Hydro’s Representative, concurrently with the delivery of the Agreement, a completed Direct Deposit Application Form in the form provided by Hydro’s Representative (the “Deposit Application”). The following will apply to the information contained on the Deposit Application:
(a) BC Hydro will be entitled to rely on such information without further enquiry or investigation;
(b) BC Hydro reserves the right (but not the obligation), in its sole discretion, to require the Supplier’s Representative to provide evidence as to the accuracy of such information; and
(c) the Supplier will, at no cost to BC Hydro, promptly provide such evidence to Hydro’s Representative. If, at any time, the Supplier requires to change any information contained on its completed Deposit Application, the Supplier’s Representative must submit to Hydro’s Representative a revised Deposit Application.
Direct Deposit Application Form. Within ten days of the Effective Date, or such later date as Hydro’s Representative may agree to in writing, the Contractor will provide to Hydro’s Representative a completed Direct Deposit Application Form, a copy of which is available in the Data Room (Data Room ID#1016.REF.01316) (the “Deposit Application”) giving details for direct payment by BC Hydro of payments owing under this Contract, For Information Only. The following will apply to the information contained on the Deposit Application:
(a) BC Hydro is entitled to rely on such information without further enquiry or investigation;
(b) BC Hydro reserves the right (but does not have the obligation), in its discretion, to require the Contractor’s Representative to provide evidence as to the accuracy of such information;
(c) the Contractor will, at no cost to BC Hydro, promptly provide such evidence to Hydro’s Representative; and
(d) the Contractor will give Hydro’s Representative no less than 30 days advance written notice of any change to such information, failing which BC Hydro will be entitled to continue to rely on the information for the purposes of making payments owing to the Contractor under this Contract. If at any time the information contained on the Contractor’s completed Deposit Application becomes inaccurate, or the Contractor wishes to amend such information, the Contractor’s Representative will submit a revised Deposit Application For Information Only. BC Hydro will make payments owing under the Contract using the information in the Deposit Application.
