DIRECT DEBIT AUTHORISATION & IRREVOCABLE UNDERTAKING

For an intended tenor of: 7 months, take this as my irrevocable instruction to debit my current

Account which particulars are provided hereunder: Commencing on the ……………. day of the

month of ……………….2021 and thereafter on the same day on a monthly basis until end of

instalments/further notice, please debit:

Name of Personal/Corporate Account:……………………………………………………………………………....

Personal/Corporate Current Account No: ………………………………… Branch ………………………....

With the sum of (in words)………………………..…………………………………………………………………………..

…………………………………………………….. N ……………………………………………………………………………………..

being monthly rentals due for the finance lease facility.

I irrevocably undertake to ensure that the account would be adequately funded to accommodate this

authorisation and agree that it will amount to a default if the bank is unable to effect the order due to

insufficient fund in my account as specified above and that the default clause pertaining to the lease

agreement would become enforcable.

………..………………………… ………..……………………
Authorised Signatory Date

FOR BANK’S USE ONLY

Verified by R.O. (Name & Signature): ……………………………………………………………………

Approved by BDM (Name & Signature): …………………….…………………………………………….

Date: …..………………………………………………………………

Document Classification: Private