For Rights Holders residing in the United Kingdom, Canada, or the Republic of Ireland, Audible will provide you a statement of Royalties together with a
direct deposit in the amount of any Royalty due, on a calendar monthly net 30 day basis, commencing with the first full month after the Audiobook is first offered for sale
by Audible; provided, however, that payments to Rights Holders residing in Canada or the Republic of Ireland with respect to Audiobooks first offered for sale
by Audible in June of 2017 will commence not
later August 31, 2017.
If in connection with a
direct deposit plan funds are
deposited to your Collateral Account and
later returned to the originator, the Bank may deduct the amount from that or any other account you have, without prior notice and at any time, except as prohibited
by law.
(2.1) If a brokerage receives money that is subject to subsection (2)
by means of
direct electronic
deposit into a brokerage trust account that receives funds on behalf of more than one strata corporation, the money must be transferred to the applicable trust account under subsection (2) no
later than 3 days after the day on which it was received.