Payment Terms and Conditions
Acknowledgement
I hereby instruct and authorize THE COMPUTER HUT CC (Abbreviated Short Name: TCH) to draw against my account with the above-mentioned bank. I hereby agree that it is my duty to inform THE
COMPUTER HUT CC of any personal or bank detail changes, in respect of the above-mentioned agreement and continuing until termination of our agreement or until cancelled in writing by me. Where
invoices (e.g., Technical Invoices) are sent to me for manual payment (e.g., Cash; EFT) and are not paid by myself within 7 days from invoice date, I instruct THE COMPUTER HUT CC (Abbreviated Short
Name: TCH)) to deduct these outstanding amounts via debit order instruction from my account. All such withdrawals from my account by THE COMPUTER HUT CC shall be treated as though I had signed
them personally. I understand that the withdrawals hereby authorized 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. I agree to pay any bank charges relating to this Debit Order instruction. I may cancel this authority by giving you thirty (30) days’ notice in writing, but I
understand that I shall not be entitled to any refund of amounts which you have withdrawn while this authority was enforced if such amounts were legally owing to you. Receipt of this instruction by you shall
be regarded as receipt thereof by my bank(whichever it is or will be).
Kindly note by signing the Debit Order authorization, THE COMPUTER HUT CC do not waiver their contractual and or common law rights to claim the outstanding amount or debt from me should the debit
order or any instalment made under it not be honored. I understand that the onus will be mine to inform THE COMPUTER HUT CC of closure of the account to which the Debit Order applies, or should it
come to my knowledge that theaccount will not have sufficient funds. I grant consent that THE COMPUTER HUT CC may re-submit a dishonored debit order payment on the following payment date until
the capital owed to THE COMPUTER HUT CC has been paid in full.
I understand that this Debit Order will not by its mere implementation create a credit agreement or transaction as defined in the National Credit Act 34 of 2005 and that I shall still be liable under common law or
I shall remain liable in terms of any agreement concluded between me and THE COMPUTER HUT CC and I shall remain liable for any interest/legal costs as agreed with THE COMPUTER HUT CC or as
prescribed in the Prescribed Rate of Interest Act 55 of 1975. I consent that THE COMPUTER HUT CC may process and supply my information as contained in this form to my Bankers and to THE COMPUTER
HUT CC to give effect to the implementation of this Debit Order authorization. I understand that THE COMPUTER HUT CC shall have no liability if my Bankers incorrectly or not at all implement this Debit
Order. I understand that the banking costs for the implementation of this Debit Order or for the re-submission of any instalment made in terms hereof will be for my account. I undertake to immediately inform
THE COMPUTER HUT CC of being placed under business rescue, being voluntary or compulsory sequestrated or being liquidated. In the event of a Debit Order not being debited from my account because of
such payment/order being on a Saturday/Sunday or South African Public Holiday, I authorize THECOMPUTER HUT CC to re-submit payment of such Debit Order on the next business day following the Saturday, Sunday, or Public Holiday.