Common use of MISTAKES Clause in Contracts

MISTAKES. 16.1. The Client who notices that the funds that do not belong to him have been transferred to his Account must immediately notify ▇▇▇▇▇▇▇▇. In such cases, the Client, as the unauthorized beneficiary of the transferred funds of the Payment Transaction, shall be deprived of the right to dispose of the transferred funds and must immediately remit such funds to the Account designated by ▇▇▇▇▇▇▇▇. 16.2. Stanhope shall have the right to debit the amounts incorrectly credited to the Account through its own fault without a separate consent of the Client, as unauthorized beneficiary of transferred funds of the Payment Transaction and remit such funds to their due beneficiary. 16.3. If funds available in the Account are already insufficient for the debit of incorrectly credited funds, the Client must repay the respective amount of funds to the account designated by Stanhope within 3 (three) Business Days of Stanhope’s request. If the Client fails to return the money credited by mistake in time, at the request of ▇▇▇▇▇▇▇▇, FOR CORPORATE CLIENTS the Client shall pay Stanhope daily penalties of 0.05 percent for each day by which the time limit has been exceeded.

Appears in 1 contract

Sources: Financial Services Agreement

MISTAKES. 16.1. The Client who notices that the funds that do not belong to him have been transferred to his Account must immediately notify ▇▇▇▇▇▇▇▇Stanhope Financial. In such cases, the Client, as the unauthorized beneficiary of the transferred funds of the Payment Transaction, shall be deprived of the right to dispose of the transferred funds and must immediately remit such funds to the Account designated by ▇▇▇▇▇▇▇▇ Financial. 16.2. Stanhope Financial shall have the right to debit the amounts incorrectly credited to the Account through its own fault without a separate consent of the Client, as unauthorized beneficiary of transferred funds of the Payment Transaction and remit such funds to their due beneficiary. 16.3. If funds available in the Account are already insufficient for the debit of incorrectly credited funds, the Client must repay the respective amount of funds to the account designated by Stanhope Financial within 3 (three) Business Days of StanhopeStanhope Financial’s request. If the Client fails to return the money credited by mistake in time, at the request of ▇▇▇▇▇▇▇▇ Financial, FOR CORPORATE CLIENTS the Client shall pay Stanhope Financial daily penalties of 0.05 percent for each day by which the time limit has been exceeded.

Appears in 1 contract

Sources: Financial Service Agreement

MISTAKES. 16.1. The Client who notices that the funds that do not belong to him have been transferred to his Account must immediately notify ▇▇▇▇▇▇▇▇. In such cases, the Client, as the unauthorized beneficiary of the transferred funds of the Payment Transaction, shall be deprived of the right to dispose of the transferred funds and must immediately remit such funds to the Account designated by ▇▇▇▇▇▇▇▇. 16.2. Stanhope shall have the right to debit the amounts incorrectly credited to the Account through its own fault without a separate consent of the Client, as unauthorized beneficiary of transferred funds of the Payment Transaction and remit such funds to their due beneficiary. 16.3. If funds available in the Account are already insufficient for the debit of incorrectly credited funds, the Client must repay the respective amount of funds to the account designated by Stanhope within 3 (three) Business Days of Stanhope’s request. If the Client fails to return the money credited by mistake in time, at the request of ▇▇▇▇▇▇▇▇Stanhope, FOR CORPORATE CLIENTS the Client shall pay Stanhope daily penalties of 0.05 percent for each day by which the time limit has been exceeded.

Appears in 1 contract

Sources: Financial Services Agreement