Compensation for Illegal Use Clause Samples

The Compensation for Illegal Use clause establishes that a party must provide financial restitution if they use another party's property, intellectual property, or confidential information without proper authorization. Typically, this clause outlines the types of unauthorized uses covered—such as unlicensed software deployment or misuse of proprietary data—and specifies how damages or compensation will be calculated, often referencing actual losses or statutory penalties. Its core function is to deter unauthorized use and ensure that the injured party is compensated for any harm or loss resulting from illegal activities, thereby protecting the rights and interests of the rightful owner.
Compensation for Illegal Use. (1) Notwithstanding the provisions of Article 8, Paragraph 2 and Article 10, if loss (including fees and interest) is incurred by the User from a refund or debit caused by the illegal use of the Service (excluding the services stipulated in Article 1, Paragraph 1, Item 3 “Investment Trust Account Balance Inquiries”, Paragraph 3 “Investment Trust Transactions”, Paragraph 4 “Securities Transaction Brokerage Services”, Paragraph 5 “Services for Soliciting the Sales of Individual Annuity Insurance Policies” and the related services described in “Services for Change” stipulated in Article 1, Paragraph 6; i.
View SourceView Similar (10)
Compensation for Illegal Use. (1) Notwithstanding the provisions of Article 4, Paragraph 2, if loss (including fees and interest) is incurred by the User from a refund or debit caused by the illegal use of the Service, the Bank may, at the User's request, make compensation for all or part of the loss in accordance with the criteria designated by the Bank. (2) Notwithstanding the preceding Paragraph, the Bank shall not provide any compensation in any of the following cases: (i) If the User notifies the Bank about illegal use no earlier than 50 days after the date on which he/she becomes aware of the illegal use (However, if the User certifies that there are unavoidable circumstances which do not permit him/her to notify the Bank of the illegal use, the number of days subject to the circumstances shall be added to the 50 days.); (ii) The refund or debit is executed by the User’s relative, etc.; (iii) If the User provides a false explanation to the Bank, or (iv) If the illegal use is triggered by social disorder, such as a war or riot.
View SourceView Similar (10)
Compensation for Illegal Use. (1) Notwithstanding the provisions of Article 8, Paragraph 2, Article 10 and Article 10, Paragraph 2, if loss (including fees and interest) is incurred by the User from a refund e. “Services for Change”), at the User’s request, the Bank may compensate for all or part of the loss in accordance with the criteria designated by the Bank. (New) or debit caused by the illegal use of the Service (excluding the services stipulated in Article 1, Paragraph 4 “Services for Soliciting the Sales of Individual Annuity Insurance Policies” and the related services described in “Services for Change” stipulated in Article 1, Paragraph 5; i. e. “Services for Change”), at the User’s request, the Bank may compensate for all or part of the loss in accordance with the criteria designated by the Bank. 14-2.
View Source
Compensation for Illegal Use. (1) Notwithstanding the provisions of Article 8, Paragraph 2 and Article 10, if loss (including fees and interest) is incurred by the User from a refund or debit caused by Direct Password, the PIN and/or the Security Card, please immediately contact the call center, to which you will be connected via the telephone number designated by the Bank as "Shinsei PowerCall" (hereinafter referred to as the "Bank Contact Center"). (3) if an incorrect Power Direct Password, the PIN or Security Card Value is entered for a prescribed number of times, all or part of the Service shall be suspended. In order to re-commence the suspended Service, please conduct the necessary procedures to release the suspension, or to change the Power Direct Password, the PIN or Security Card Value. 10-2．Biometric Authentication Function (1) When a smartphone which has installed the Application supports an authentication function using the biological information (characteristics of body parts such as fingerprint and face designated by the Bank (hereinafter, “the Biological Information”)) designated by the Bank (hereinafter, the “Biometric Authentication Function”), in logging in to the Service, the User can replace his/her identity confirmation method of entering his/her PowerDirect Password, etc. with a method which confirms that his/her identity has already been confirmed with information sent to the Bank after the authentication through the smartphone’s Biometric Authentication Function. (2) The Bank shall not obtain the Biological Information registered in the smartphone and shall not be liable for or obligated to the management of the Biological Information. (3) The Bank shall not guarantee the certainty, etc. of the identity confirmation through the Biometric Authentication Function on the User’s smartphone. (4) The User must strictly manage his/her smartphone which has installed the Application so that biological information of persons other than the User will not be registered in his/her smartphone. (5) The Bank shall not be liable for the damages incurred by a. falsification, theft or illegal use of the Biological Information registered in the smartphone which has installed the Application, b. theft or use by a third party of the smartphone or c. illegal access to the smartphone excluding cases of gross negligence by the Bank.
View Source

Related to Compensation for Illegal Use

  • COMPENSATION OF ULTIMUS The Trust, on behalf of each Fund, shall pay for the services to be provided by Ultimus under this Agreement in accordance with, and in the manner set forth in, Schedule B attached hereto, as such Schedule may be amended from time to time. If this Agreement becomes effective subsequent to the first day of a month or terminates before the last day of a month, Ultimus’ compensation for that part of the month in which the Agreement is in effect shall be prorated in a manner consistent with the calculation of the fees as set forth above. Payment of Ultimus’ compensation for the preceding month shall be made promptly.

  • Compensation for Damages (1) If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to ▇▇▇▇▇▇▇ Money Deposit/Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

  • Compensation for Losses Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of: (a) any continuation, conversion, payment or prepayment of any Loan other than a Base Rate Loan on a day other than the last day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); (b) any failure by the Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or convert any Loan other than a Base Rate Loan on the date or in the amount notified by the Borrower; or (c) any assignment of a Eurodollar Rate Loan on a day other than the last day of the Interest Period therefor as a result of a request by the Borrower pursuant to Section 10.13; including any loss of anticipated profits and any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the deposits from which such funds were obtained. The Borrower shall also pay any customary administrative fees charged by such Lender in connection with the foregoing. For purposes of calculating amounts payable by the Borrower to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each Eurodollar Rate Loan made by it at the Eurodollar Rate for such Loan by a matching deposit or other borrowing in the London interbank eurodollar market for a comparable amount and for a comparable period, whether or not such Eurodollar Rate Loan was in fact so funded.

  • Compensation for Overtime Assigned overtime is designated as those hours over the regular hours of work which are requested of the employee by management. Assigned overtime worked shall be paid at the rate of time and one-half (1 1/2).

  • Compensation for Increased Costs Subject to the provisions of Section 2.16 (which shall be controlling with respect to the matters covered thereby), in the event that any Lender shall determine (which determination shall, absent manifest error, be final and conclusive and binding upon all parties hereto) that any law, treaty or governmental rule, regulation or order, or any change therein or in the interpretation, administration or application thereof (including the introduction of any new law, treaty or governmental rule, regulation or order), or any determination of a court or governmental authority, in each case, that becomes effective after the Closing Date, or compliance by such Lender with any guideline, request or directive issued or made after the Closing Date by any central bank or other governmental or quasi-governmental authority (whether or not having the force of law) (i) subjects such Lender (or its applicable lending office) to any additional Tax (other than any Excluded Taxes of such Lender, or any Indemnified Taxes or Other Taxes indemnifiable under Section 2.16) with respect to this Agreement or any of the other Credit Documents or any of its obligations hereunder or thereunder or any payments to such Lender (or its applicable lending office) of principal, interest, fees or any other amount payable hereunder; (ii) imposes, modifies or holds applicable any reserve (including any marginal, emergency, supplemental, special or other reserve), special deposit, compulsory loan, FDIC insurance or similar requirement against assets held by, or deposits or other liabilities in, or for the account of, or advances or loans by, or other credit extended by, or any other acquisition of funds by, any office of such Lender (other than any such reserve or other requirements with respect to LIBOR Rate Loans that are reflected in the definition of Adjusted LIBOR Rate); or (iii) imposes any other condition (other than with respect to a Tax matter) on or affecting such Lender (or its applicable lending office) or its obligations hereunder or the London interbank market; and the result of any of the foregoing is to increase the cost to such Lender of agreeing to make, making or maintaining Loans hereunder or to reduce any amount received or receivable by such Lender (or its applicable lending office) with respect thereto; then, in any such case, Borrower shall promptly pay to such Lender, upon receipt of the statement referred to in the next sentence, such additional amount or amounts (in the form of an increased rate of, or a different method of calculating, interest or otherwise, as such Lender in its reasonable judgment shall determine), as may be necessary to compensate such Lender on an after tax basis for any such increased cost or reduction in amounts received or receivable hereunder. Such Lender shall deliver to Borrower (with a copy to Administrative Agent) a written statement, setting forth in reasonable detail the basis for calculating the additional amounts owed to such Lender under this Section 2.15(a), which statement shall be conclusive and binding upon all parties hereto absent manifest error.