Authorization of the Payment order Sample Clauses

Authorization of the Payment order. IX.2.1 The Clients authorized persons, i.e., the Representative or the Authorized Signatory, must authorize the Client’s Payments before their execution by authenticating the Payment Order following the instructions provided below. In order to authorize the Payment, the Representative or the Authorized Signatory must: IX.2.1.1 use their own PIN; IX.2.1.2 before using (inserting) the Personalized Security Measures, always read the notice with purpose of the authorization attached to the SMS with the Personalized Security Measures. Continue with authorization only if the Representative or the Authorized Signatory agrees with and recognize the purpose of authorization; IX.2.1.3 use (insert) the Personalized Security Measures sent to mobile phone via SMS; IX.2.2 In case of failure to duly authorize the Payment, the Client shall be responsible for any and all damages in relation thereto. IX.2.3 We retain the right to block the Payment Account and/or the Personalized Security Measures temporarily or permanently due to reasons of security. The Client will be informed on such blocking via Client Primary Email, except the cases when the Applicable Laws prohibits Us to inform the Client. As soon as the ground for blocking expires, the blocking is removed. IX.2.4 We retain the right to demand the Client to perform additional actions to authenticate Payment Order. IX.2.5 Any and all authorizations performed by the Representative or the Authorized Signatory on behalf of the Client via the means of the System shall be deemed to be made by the Client itself, and shall have the same legal effect as the ordinary signature fixed on the hard copy of the document. Such authorization shall be considered as the appropriate means of proof evidencing that the Payment has been authorized, and, in such case, the Client shall not be entitled to contest such Payment. IX.2.6 In case the Funds were written off from the Payment Account and the Client did not authorize such Payment, We are obliged as soon as practically possible, however, not later than until the end of the Business day following the day when We became aware of such an unauthorised Payment to have been executed: IX.2.6.1 to refund the Client with the amount of such unauthorised Payment; and IX.2.6.2 to restore balance in Your Payment Account to such extent as if the Payment has not been executed; and/or IX.2.6.3 to ensure that the Client would suffer no damages in relation to failure pay or receive the interest on the ce...
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Authorization of the Payment order. IX.2.1 The Clients authorized persons, i.e., the Representative or the Authorized Signatory, must authorize the Client’s Payments before their execution by authenticating the Payment Order following the instructions provided below. In order to authorize the Payment the Representative or the Authorized Signatory must:
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Authorization of the Payment order. You must authorize the Payments before their execution by authenticating the Payment Order following the instructions provided below.
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Related to Authorization of the Payment order

  • Authorization of the Notes The Notes to be purchased by the Underwriters from the Company are in the form contemplated by the Indenture, have been duly authorized for issuance and sale pursuant to this Agreement and the Indenture and, at the Closing Date, will have been duly executed by the Company and, when authenticated in the manner provided for in the Indenture and delivered against payment of the purchase price therefor, will constitute valid and binding obligations of the Company, enforceable in accordance with their terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles, and will be entitled to the benefits of the Indenture.

  • Authorization of this Agreement This Agreement has been duly authorized, executed and delivered by or on behalf of such Selling Stockholder.

  • Authorization of the Indenture The Indenture has been duly authorized by the Company and duly qualified under the 1939 Act and, when duly executed and delivered by the Company and the Trustee, will constitute a valid and binding agreement of the Company, enforceable against the Company in accordance with its terms, except as the enforcement thereof may be limited by bankruptcy, insolvency (including, without limitation, all laws relating to fraudulent transfers), reorganization, moratorium or similar laws affecting enforcement of creditors’ rights generally and except as enforcement thereof is subject to general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law).

  • Authorization of the Certificates Concurrently with the sale of the Transferred Assets to the Issuer pursuant to the Sale and Servicing Agreement, at the direction of the Depositor, (a) one or more Book-Entry Certificates shall be executed by the Owner Trustee on behalf of the Issuer and authenticated and delivered by the Certificate Registrar in the name of Cede & Co. or (b) one or more Definitive Certificates shall be executed by the Owner Trustee on behalf of the Issuer and authenticated and delivered by the Certificate Registrar to or upon the written order of the Depositor. The Certificates shall in the aggregate represent 100% of the Percentage Interest in the Issuer and shall be fully paid and nonassessable. The signature of the Owner Trustee on behalf of the Issuer on the Certificates may be manual or facsimile.

  • Authorization of Agreement, Etc The Borrower has the right and power, and has taken all necessary action to authorize it, to borrow and obtain other extensions of credit hereunder. The Borrower and each other Loan Party has the right and power, and has taken all necessary action to authorize it, to execute, deliver and perform each of the Loan Documents to which it is a party in accordance with their respective terms and to consummate the transactions contemplated hereby and thereby. The Loan Documents to which the Borrower or any other Loan Party is a party have been duly executed and delivered by the duly authorized officers of such Person and each is a legal, valid and binding obligation of such Person enforceable against such Person in accordance with its respective terms except as the same may be limited by bankruptcy, insolvency, and other similar laws affecting the rights of creditors generally and the availability of equitable remedies for the enforcement of certain obligations (other than the payment of principal) contained herein or therein may be limited by equitable principles generally.