BANKING DETAILS: - linked to your trading account
I/We, the client or the duly authorised representative thereof (“the CLIENT”), hereby authorise the entity mentioned below Verityhurst academy and/or its agents, to collect by means of electronic debit from the above account in the name of the CLIENT at the same or any other bank, all or any monies due by the CLIENT to Wonderworld/Fernhill, as the principle debtor or for any other reason, and to pay the same to Verityhurst. The authority so given is restricted to the amount mentioned above and may be deducted on the mentioned 7 working days thereafter. I accept the following to be applicable hereto:
1. This authorisation may only be withdrawn within 30 (thirty) days written notice to Verityhurst at its physical address.
2. I and/or the CLIENT, individually and collectively hold Verityhurst Academy and/or its agents against any claim of any nature arising from the electronic debit or transfer or from any other cause following this authorisation and irrespective whether such authorisation had been withdrawn or not.
3. In the event of the relevant account not having sufficient cleared funds to meet any debit, I am aware that the fee of R _ will be debited against the CLIENT’s account by the bank and Verityhurst relating to the return of the debit and I accept the responsibility to ensure sufficient cleared and available funds to the minimum of the limit above (or as amended from time to time).
4. Any reference to the entities above includes a reference to any successor in title or appointment.
5. This authorisation is not an amendment to any specific arrangement regarding payment of accounts and serves merely as an arrangement as a method of payment, in part or in full, and any account with Verityhurst needs only to be credited once actual payment is received by Verityhurst, and should any dispute arise about Verityhursts right to collect any amount in terms hereof, the CLIENT shall have the onus to instruct his bank to refuse or return any debit as unpaid.
The following terms and conditions will apply:
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Verityhurst makes high returns focused private equity investments and equity investments in high-potential companies across Africa.
Verityhurst invest in our own funds, both at the individual and firm levels. This creates a powerful alignment of interests and enables us to serve as a true partner to our companies.