Common use of Standing Instructions Clause in Contracts

Standing Instructions. The Bank will execute any standing Instructions on behalf of the Customer upon receipt of duly signed written Instruction(s) given by the Customer to the Bank without further Instruction from or prior notification to the Customer to take specified action on a specified date relating to the transfer, payment of monies in the Account or any other action as pre-set by the Customer. The Customer’s standing Instructions will be acted upon only if there are sufficient clear funds available in the Account on particular specified dates.

Standing Instructions. The Bank will execute any standing Instructions on behalf of the Customer upon receipt of duly signed written Instruction(s) given by the Customer to the Bank without further Instruction from or prior notification notification to the Customer to take specified specified action on a specified specified date relating to the transfer, payment of monies in the Account or any other action as pre-set by the Customer. The Customer’s standing Instructions will be acted upon only if there are sufficient sufficient clear funds available in the Account on particular specified specified dates.