This signed Authority and Mandate refers to our contract as dated as on signature hereof ("the Agreement"). I / We hereby authorise
you to issue and deliver payment instructions to the bank for collection against my / our abovementioned account at my / our above
mentioned bank (or any other bank or branch to which I / We may transfer my / our account) on condition that the sum of such payment
instructions will never exceed my / our obligations as agreed to in the Agreement, and commencing on the commencement date and
continuing until this Authority and Mandate is terminated by me / us by giving you notice in writing of no less than 20 ordinary working
days, and sent by prepaid registered post or delivered to your address indicated above.
The individual payment instructions so authorised to be issued must be issued and delivered as follows
In the event that the payment
day falls on a Saturday, Sunday or recognized South African public holiday, the payment day will automatically be the previous ordinary
business day. Further, if there are insufficient funds in the nominated account to meet the obligation, you are entitled to track my
account and re-present the instruction for payment as soon as sufficient funds are available in my account;
I / We understand that the withdrawals hereby authorised will be processed through a computerized system provided by the South
African Banks and I also understand that details of each withdrawal will be printed on my bank statement. Each transaction will contain
a number, which must be included in the said payment instruction and if provided to you should enable you to identify the Agreement.
A payment reference is added to this form before the issuing of any payment instruction. 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amounts which you have withdrawn while this authority was in force, if such amounts were legally owing to you. I / We agree to pay
any/all bank charges reflecting to this debit order instruction together with any/all costs (including an administrative fee) associated
with the unpaid debit order.
I / We acknowledge that all payment instructions issued by you shall be treated by my/our above mentioned bank as if the instructions
had been issued by me/us personally.
I / We agree that although this Authority and Mandate may be cancelled by me / us, such cancellation will not cancel the Agreement.
I / We shall not be entitled to any refund of amounts which you have withdrawn while this authority was in force, if such amounts were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.
I / We acknowledge that this Authority may be ceded to or assigned to a third party if the agreement is also ceded or assigned to that
third party, but in the absence of such assignment of the Agreement, this Authority and Mandate cannot be assigned to any third party.
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