As sole proprietor of: (the ‘Business’)
iii) I understand that an “Authorised Signatory” I appoint means a person identified as such, and whose name and signature are set out, in in this form, or any other person authorised by me in writing, who can perform transactions in accordance with paragraph 2, and in each case in respect of whom the Bank has not received notice in writing from me removing such person as an Authorised Signatory, and Authorised Signatories shall be construed accordingly. I authorise the Bank to act on the instructions of Authorised Signatories, as specified in the account mandate (the “Mandate”), the name and number of those Authorised Signatories required for each Account being as specified in this Mandate and within this application (the “Application Form”);
vii) I authorise the Bank to act on any instruction to countermand or revoke any cheque, draft or other order to pay before it is effected;
viii) I authorise the Bank to act, at the Bank’s discretion, on any instruction or communication given or originated by facsimile; provided that the instruction to be sent by fax bears the signatures of the Authorised Signatories.
I authorise the Bank to act on the number of Authorised Signatories, as specified in the relevant Application Form to:
i)honour and comply with all cheques, debit and credit card transactions, drafts, instructions to pay,bills of exchange and promissory notes expressed to be drawn, signed, accepted, endorsed or made on my behalf drawn upon or addressed to or made payable with the Bank whether the relevant account is in credit or in debit or may become overdrawn in consequence or otherwise but without prejudice to the Bank’s right to refuse to allow any overdraft or increase of overdraft beyond any specified overdraft limit from time to time;
ii)honour and comply with any instructions to withdraw any or all money on any Account and any instruction to deliver, dispose of or deal with any securities, documents or other property whatsoever from time to time in the Bank’s possession for my account, as sole proprietor of the Business, whether by way of security or safe custody or otherwise.
iii)I agree that the Bank is hereby authorised and instructed to transfer funds between the Accounts covered by the Mandate, make payments to other nominated accounts and pay nominated bills, on any instruction received through the Bank’s Business24 Service, provided instructions are received from the required number of Mandated Business24 Users in accordance with Section A of the Mandate and the Application Form and in accordance with the terms and conditions of theBusiness24 Service.
I confirm that I have put in place such security controls, including account reconciliation procedures as I deem appropriate to prevent unauthorised use of, or breach of the Bank’s Terms and Conditions relating to, the Accounts, including the unauthorised use of the Bank’s Business24 Service by me, Authorised Signatories and Mandated Business24 Users and that the Bank has no obligation to supervise or enquire into such security arrangements or to seek confirmation of any transaction effected on the Accounts or using the Bank’s Business24 Service.
I agree that I shall be liable for any overdraft, loan or other credit facilities or accommodation which shall be granted on any Account or otherwise made available to me in accordance with this Mandate, together with all interest, com-mission and other expenses.
I agree that nothing in this Mandate or in the arrangements between the Bank and me, as sole proprietor of the Business, shall be treated as constituting an implied agreement restricting or negating any lien, charge, pledge, right of set- off or other right the Bank may have at any time (whether arising by operation of law, contract or otherwise).
I agree that the Bank may close at any time and from time to time any or all of the Accounts by giving two months notice in writing to the address for correspondence given overleaf or such other address for such purpose from time to time notified by me in writing to the Bank.
I agree that I will examine all statements supplied by the Bank setting out transactions on the Accounts and I will notify the Bank of any discrepancies in accordance with the Statement of Accounts conditions set out in the Bank’s Terms and Conditions booklet. I agree that nothing in this Mandate or in the arrangements between the Bank and me, as sole proprietor of the Business, shall be treated as constituting an implied agreement restricting or negating any lien, charge, pledge, right of set- off or other right the Bank may have at any time (whether arising by operation of law, contract or otherwise)
I agree to indemnify the Bank in full on demand against any loss, damage or other liability whatsoever and howsoever arising that the Bank may incur or suffer by reason of the Bank acting in accordance with any instruction or communication believed by the Bank in good faith to have been given or made in accordance with this Mandate, or such amended mandates as may be given to the Bank at any time, and this indemnity shall be in addition to the indemnities contained in the Business24 Service Terms and Conditions and in the terms and conditions applicable to the Accounts.
I agree that each Account shall be governed by the Bank’s General Terms and Conditions applicable from time to time, and I shall ensure that each Authorised Signatory and/or each Mandated Business24 User is fully conversant with and understands the Bank’s standard procedures and Terms and Conditions for the provision of any service provided by the Bank in accordance with this Mandate. In the event of any conflict between these resolutions and such terms and conditions, these resolutions shall prevail.
I acknowledge the information provided by me, including information provided by me in respect of all Authorised Signatories, Mandated Business24 Users, and other beneficial owners and officers, or otherwise obtained by the Bank, and information in relation to the conduct of the Accounts (the “Information”), shall be retained, used and disclosed by the Bank in accordance with and for the purposes set out in the Bank’s General Terms and Conditions in relation to Customer Information, including for the purposes of: