Direct Debiting definition

Direct Debiting means the Payment Instrument used to debit the Customer's Account if a Payment Operation is initiated by the Payee subject to the Payer’s consent provided to the Payee, to the payment service provider of the Payee or to the payment service provider of the Payer.
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Direct Debiting has the meaning given to it in Section 5.1 of Servicing Agreement; “Directors” means the Board of Directors for the time being of the Issuer;
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Direct Debiting. System The meaning given in Section 4.1 (Direct Debiting System) of the Servicing Agreement Direct Participants Direct participants in DTC Disclosure Documents The Final Terms Document together with the Prospectus and, if applicable, any relevant Pricing Supplement Drawdown Date The meaning given to it in Section 2.1 (The Intercompany Loan) of the Intercompany Loan Agreement DTC The Depository Trust Company or its successors DTC Covered Bonds Registered Covered Bonds accepted into DTC’s book-entry settlement system Due for Payment The requirement by the Guarantor to pay any Guaranteed Amount:
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Examples of Direct Debiting in a sentence

  • The Servicer shall operate its Direct Debiting Scheme in accordance with its Customary Operating Practices.

  • If an Obligor will not permit a Direct Debit to be made to his bank account under the Direct Debiting Scheme in relation to a Financing Contract or if an existing Direct Debit is cancelled, the Servicer shall use all reasonable endeavours in accordance with its Customary Operating Practices to ensure that alternative payment arrangements are promptly made which ensure the timely payment of amounts payable by the Obligor under such Financing Contract.

  • Prior to termination of this Agreement, the Administrator, the Seller, the Mortgages Trustee and Funding shall co-operate to obtain the agreement of the Borrowers to a new bank mandate permitting the Mortgages Trustee to operate the Direct Debiting Scheme.

  • Direct Debiting to credit cards does not form part of procedures governed by the Bulk Electronic Clearing System.

  • In addition to the aforementioned Direct Debiting Specific Commissions, the Payer owes and shall pay to the Bank commissions corresponding to the operations performed through the current account, provided in the Tariff of Commissions, according to the Framework agreement regarding the services and products offered by Alpha Bank Romania for individuals, concluded between the Bank and the Payer.

  • Note – for Direct Debiting facilities, a bulk change needs to be completed, please consult your Relationship Manager.

  • Prior to termination of this Agreement, the Servicer, the Seller, the Mortgages Trustee and the Funding Beneficiaries shall co-operate to obtain the agreement of the Borrowers to a new bank mandate permitting the Mortgages Trustee to operate the Direct Debiting Scheme.

  • In the relationship between the subscriber and the subscriber’s bank, the standard terms and conditions for “Payment by Direct Debiting – Securities Trading”, which are set out on page 2 of the Subscription Form, will apply, provided, however, that subscribers who subscribe for an amount exceeding NOK 5 million by signing the Subscription Form provide the Managers with a one-time irrevocable authorization to directly debit the specified bank account for the entire subscription amount.

  • In the relationship between the subscriber and the subscriberʹs bank, the standard terms and conditions for ʺPayment by Direct Debiting – Securities Tradingʺ, which are set out on page 2 of the Subscription Form, will apply, provided, however so, that subscribers who subscribe for an amount exceeding NOK 5 million must contact the Managers payment instructions.

  • It was reported that other local authorities who had already introduced mandatory Direct Debiting, had provided feedback suggesting there had been very little impact.


More Definitions of Direct Debiting

Direct Debiting means the Payment Instrument used
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Related to Direct Debiting

  • Direct Debit means a payment service for debiting a payer’s payment account, where a payment transaction is initiated by the payee on the basis of the payer’s consent given to the payee, to the payee’s payment service provider or to the payer’s own payment service provider;

  • Direct Debit Request means the Direct Debit Request between Us and You.

  • Direct Deposit Disbursement Requests for the Closing Disbursement(s) to be deposited into an account at Xxxxx Fargo Bank, N.A. must specify the amount and applicable account. Each account included in any such Disbursement Request must be listed below. Name on Deposit Account: Xxxxx Fargo Bank, N.A. Deposit Account Number: Further Credit Information/Instructions: Subsequent Disbursement Authorizers: Administrative Agent is authorized to accept one or more Disbursement Requests from any of the individuals named below (each, a “Subsequent Disbursement Authorizer”) to disburse Loan proceeds after the date of the Loan origination/closing and to initiate Disbursements in connection therewith (each, a “Subsequent Disbursement”): Individual’s Name Title 1.

  • Debit means a charge or an amount of money somebody must pay. If we debit money to you or debit money to your account, that money is then added to the unpaid balance and the unpaid balance becomes larger. In this case “charge” and “debit” have similar meanings.

  • Direct Account : means any Account which is not an ISA Account.

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Collections means all cash, checks, notes, instruments, and other items of payment (including insurance proceeds, proceeds of cash sales, rental proceeds, and tax refunds).

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Merchant Account means the merchant account facility agreed between you and the Merchant Acquiring Bank.

  • Joint Account means an Account opened in more than one name;

  • Payments or Deposits means the cash, check, or credit card amounts actually paid for Your Trip. Certificates, vouchers, discounts, credits, frequent traveler or frequent flyer rewards, miles or points applied (in part or in full) towards the cost of Your Travel Arrangements are not Payments or Deposits as defined herein.

  • ACH means automated clearing house transfers.

  • Project Account means the account referred to in Section 3.03 of this Agreement;

  • Account Information means any information relating to the Account including without limitation to the Account number, Account balance or value, gross receipts, withdrawals and payments to or from the Account.

  • Lock-Box Account With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.

  • Lockbox Account shall have the meaning set forth in Section 2.7.1 hereof.

  • Working With Children Check or WWCC means the process in place pursuant to Relevant Legislation to screen an individual for fitness to work with Children.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Project Accounts means the Revenue Account, the Operating Account, the Maintenance Capital Expense Account, the Debt Service Reserve Account, the Insurance and Condemnation Proceeds Accounts and the Extraordinary Proceeds Account, including any sub-account within such accounts.

  • Reasonable and Customary Charges means the charges for services or supplies, which are the standard charges for the specific provider and consistent with the prevailing charges in the geographical area for identical or similar services, taking into account the nature of the illness / injury involved.

  • Processing Fees means all routine, generally applicable City-wide fees required by the City for processing applications and permits including, but not limited to, fees for land use applications, building applications, building permits, and certificates of occupancy.

  • Customer Account Information means personally identifiable information including Personal Data and Consumption Data. Customer Account Information also includes information received by the Company from the customer for purposes of participating in regulated utility programs, including, but not limited to bill pay assistance, shutoff protection, renewable energy, demand-side management, load management, or energy efficiency.

  • Management Accounts means, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);

  • Dormant Account means the Customer’s trading account in which there have been no trades for a period of more than 60 Calendar days.

  • Accounts means all presently existing and hereafter arising accounts, contract rights, and all other forms of obligations owing to Borrower arising out of the sale or lease of goods (including, without limitation, the licensing of software and other technology) or the rendering of services by Borrower, whether or not earned by performance, and any and all credit insurance, guaranties, and other security therefor, as well as all merchandise returned to or reclaimed by Borrower and Borrower's Books relating to any of the foregoing.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.