Abbreviated Name as Registered with the Bank:
This signed Authority and Mandate refers to our contract dated ("the Agreement' IWe hereby authorise you to issue and deliver payment instructions to your Banker for collection against my/our above- mentioned 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 and continuing for twelve months or until this Authority and commencing on Mandate is terminated by me/us by giving you notice in writing of not less than 20 ordinary working days. and sent by prepaid registered post or delivered to your address as indicated above. The individual payment instructions so authorised to be issued must be issued and delivered monthly. 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. 1/ We understand that the withdrawals hereby authorized will be processed through a computerized system provided by the South African Banks and 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 Mandate IWe acknowledge that all payment instructions issued by you shall be treated by my/our above-mentioned Bank as if the instructions have been issued by melus personally. Cancellation IWe agree that although this Authority and Mandate may be cancelled by melus, such cancellation will not cancel the Agreement IWe shall not be entitled to any refund of amounts which you have withdrawn while this Authority was in force,if such amounts were legally owing to you. Assignment IWe acknowledge that this 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 toany third party.