The customer hereby authorises Opentel to issue and deliver payment instructions to their Banker for collection against the above-mentioned account at the above-mentioned Bank (or any other bank or branch to which they may transfer their account) on condition that the sum of such payment instructions will never exceed their obligations as agreed to in the Agreement and commencing on the service activation date and continuing until the Authority and Mandate is terminated by the Customer by giving Opentel notice in writing of not less than 20 ordinary working days, and sent by prepaid registered post or delivered to Opentel’s address as indicated or by email to accounts@opentel.co.za
The individual payment instructions so authorised to be issued will be issued and delivered as follows: monthly, bi-monthly, three monthly, six monthly, annually, weekly, bi-weekly (whichever is applicable).
In the event that the payment day falls on a Sunday, or recognised South African public holiday, the payment day will automatically be the preceding ordinary business day. Furthermore, if there are insufficient funds in my account to meet the obligation, Opentel is entitled to track my account and re-present the instruction for payment as soon as sufficient funds are available in my account.
Payment Instructions due in December may be debited against my account on/before 25th December.
The Customer understands that the withdrawals hereby authorised will be processed through a computerised system provided by the South African Banks. The Customer also understand that details of each withdrawal will be printed on my bank statement. Such must contain a number, which must be included in the said payment instruction and if provided to the Customer should enable the Customer to identify the Agreement. This Customers Account code will be sent upon sign-up.
The Customer acknowledges that all payment instructions issued by Opentel shall be treated by the Customers above-mentioned Bank as if the instructions have been issued by the Customer personally.
The Customer agrees that although the Authority and Mandate may be cancelled by the Customer, such cancellation will not cancel the Customers Agreement. The Customer shall not be entitled to any refund of amounts which you have withdrawn while this Authority was in force, if such amounts were legally owing to Opentel.
The Customer acknowledges that the Authority may be ceded 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.