Common use of The Initiator Clause in Contracts

The Initiator. a) Undertakes to give notice of the commencement date, frequency and net amount at least 10 calendar days before the first Direct Debit is drawn (but not more than 2 calendar months). This notice will be provided in writing (including by electronic means and SMS where I/ we have provided prior written consent (including by electronic means including SMS) to communicate electronically). Where the Direct Debit system is used for the collection of payments which are regular as to frequency, but variable as to amount, the Initiator undertakes to provide the Customer with a schedule detailing each payment amount and each payment date. In the event of any subsequent change to the frequency or amount of the Direct Debit, the Initiator has agreed to give advance notice of at least 30 days before the change comes into effect. This notice must be provided in writing (including by electronic means and SMS where I/ we have provided prior written consent (including by electronic means including SMS) to communicate electronically).

The Initiator. a) a. Undertakes to give notice to the Acceptor of the commencement date, frequency and net amount at least 10 calendar days before the first Direct Debit is drawn (but not no more than 2 calendar months). This notice will be provided in writing (including by electronic means and SMS where I/ we have the Customer has provided prior written consent (including by electronic means including SMS) to communicate electronically). Where the Direct Debit system System is used for the collection of payments which are regular as to frequency, but variable as to amountamounts, the Initiator undertakes to provide the Customer Acceptor with a schedule detailing each payment the amount and each payment date. In the event of any subsequent change to the frequency or amount of the Direct DebitDebits, the Initiator has agreed to give advance notice of at least 30 days before the change changes comes into effect. This notice must be provided in writing (including by electronic means and SMS where I/ we have the Customer has provided prior written consent (including by electronic means including SMS) to communicate electronically).