I/We hereby "instruct and" authorise you to draw against my/our account with
the abovementioned bank (or any other bank or branch to which we may
transfer my/our account) "the amount necessary for payment of the monthly
subscription due in respect of the abovementioned agreement" on the 1st day
of each and every month, or the first business day of each and every month,
commencing on 1st August 2010 and continuing until termination of our agreement or
until cancelled by me/us in writing. All such withdrawals from my/our bank
account by you shall be treated as though they had been signed by me/us
personally.
I/We understand that the withdrawals hereby authorised will be processed
through a computerised system provided by the South African Banks and I/we
also understand that details of each withdrawal will be printed on my bank
statement or on an accompanying voucher. I/We agree to pay any bank charges
relating to this debit order instruction. This authority may be cancelled by
me/us by giving you 30 (thirty) calendar days' notice in writing, sent by
prepaid registered post, but I/we understand that I/we shall not be entitled
to any refund of amounts which you have withdrawn while this authority was
in force, if such amounts were legally owing to you. Receipt of this
instruction by you shall be regarded as receipt thereof by my/our bank
(whichever it is or will be).
ASSIGNMENT:
I/We acknowledge that the party hereby authorised to effect the drawing(s)
against my/our account may cede or assign any of its rights to any third
party without my/our prior written consent and that I/we may not delegate
any of my/our obligations in terms of this contract/authority to any third
party without prior written consent of the authorised party.
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