Nature of the Card Sample Clauses

The "Nature of the Card" clause defines the fundamental characteristics and intended use of a card issued under an agreement, such as a credit, debit, or prepaid card. It typically clarifies whether the card is for personal or business use, outlines any restrictions on its use, and may specify that the card remains the property of the issuer. This clause ensures that both parties understand the card's purpose and limitations, helping to prevent misuse and set clear expectations regarding its function.
Nature of the Card. This Card represents a general liability of the Issuer. The money paid is not a deposit and does not establish a separate individual account with the Issuer. You cannot link the Card to any deposit or credit account you may have with the Issuer or any other financial institution. The Issuer reserves the right to revoke any Card on which the User has attempted to charge more than the prepaid amount or remaining unused monetary value accessible by the Card or for any other reason to protect the interest of the Issuer.
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Nature of the Card. The Arvest Spending Card is a reloadable prepaid debit card and is NOT a credit card account. The Card is issued by Arvest Bank pursuant to a license from Visa U.S.A. Inc. This card is the property of Arvest. Arvest grants the Cardholder a limited license to use the Card solely in the furtherance of the purposes of this Agreement. Arvest may terminate this license and the right to access the funds loaded thereon at any time without prior notice to the Cardholder. Upon termination of the license, the Cardholder will surrender the Card to Arvest on demand. The Arvest Spending Card is not for resale. By your application for an Arvest Spending Card, you acknowledge and agree that the value available on the Card is limited to the funds that you have loaded onto the Card or have been loaded onto the Card on your behalf. Interest does not accrue on any amount of funds loaded on this Card.
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Nature of the Card. The Card is our property and will remain our property at all times, but you are responsible for the possession, use and control of the Card. We will allow you to use the Card and Card Balance and to continue making purchases up to the amount loaded on the Card from time to time, as long as you comply with the terms of the Agreement and subject to applicable Card fees. If you authorize another person to use the Card or Card number, you agree, to the extentpermitted byapplicable law, thatyou will be liable for all Transactions arising from the use of the Card by such persons. The funds loaded onto this Card are not a deposit and do not establish a separate individual account with us or with any other financial institution. Card funds are not insured by the Canada Deposit Insurance Corporation (CDIC), the Deposit Insurance Corporation of Ontario or any other government deposit insurer or agency. You will not receive interest on the Balance of your Card. The Card is not a credit card, charge card or debit card and its usage will not improve or enhance your credit rating. When the Card’s monetary value has been used up or the Card has expired, destroy the Card. We reserve the right to cancel any Card on which fraudulent Transactions are suspected or for any reason whatsoever to protect the interests of Pace Credit Union. Transactions made with a Card will be processed by the merchant as a regular Visa purchase and each individual merchant’s return policy will apply. Refunds may be in the form of a credit to your Card, cash refund or in- store credit at the discretion of the merchant. If you have a problem with a purchase you make using the Card or a dispute with a merchant, you must contact the merchant involved and you agree to settle any such disputes directly with them. You agree that ▇▇▇▇ is not responsible for any disputes arising from youruse of (or inability to use the Card) or the failure of any merchant to honour your Card. You should obtain a record of each Transaction for which you use the Card and ensure it is accurate. If you believe a Transaction on your account is incorrect, you must notify us in writing of your dispute within sixty (60) days of the Transaction date. If you do not notify us within sixty (60) days of the date of the disputed Transaction, the Transaction and related feeswill be deemedcorrect, except for any amountcredited to your Card in error, which we may reverse at any time.
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Related to Nature of the Card

  • Nature of the processing MailChimp provides an email service, automation and marketing platform and other related services, as described in the Agreement.

  • Use of the Card 1. The Cardmember must sign the Card in ink, using a ball point pen, as soon as he or she receives it; the Cardmember must also safeguard the Card and preserve any PIN in extreme secrecy and keep it separate from his or her Card. The Cardmember must not use the Card after the expiration of the validity period embossed on it, and not use the Card after it has been damaged, withdrawn or cancelled. 2. Although the Cardmember has the right to use the Card, the Card shall at all times remain the property of AEME. The Cardmember must surrender the Card immediately upon any request by AEME, any Service Establishment or any other representative of AEME, based on AEME's instructions. A Service Establishment or any other representative of AEME may at its discretion, and after instructions by AEME, withdraw, hold and keep the Card on behalf of AEME. 3. The Cardmember is the only person authorized to use the Card for Transactions including Cash Withdrawals, identification or any other purpose. The Cardmember must not allow any other person to use the Card or the PIN. The Cardmember must safeguard the Card from misuse by retaining the Card under his or her personal control at all times. 4. The Card is issued to the Cardmember solely for the purposes of Transactions and Cash Withdrawals on behalf of the Company. 5. If the Cardmember uses the Card to buy goods or services from a Service Establishment on a frequent or recurring basis (e.g. subscription to periodicals, TV channels, and the like) ("Recurring Charges") or if the Cardmember uses the Card to buy goods or services on installments or on a premium basis (e.g. insurance) the Cardmember authorizes AEME to pay all such Recurring Charges or periodical premiums or installments on his or her behalf at the request of the Service Establishment, and the Company undertakes to repay AEME accordingly. The Cardmember must inform the Service Establishment and AEME in writing if the Cardmember wishes to stop any such periodical payments. AEME shall not be responsible for any breach, cancellation or termination of any legal arrangement or relationship (e.g. insurance policy) resulting from AEME's inability to pay the said Charges because the Cardmember's Account is in overdue status. AEME shall not be liable for any damages of any nature if AEME fails to pay or delays the payment of any Charges, installments or premiums because of any technical failure, error or for any reason beyond AEME's reasonable control. 6. Owners of Service Establishments who are Cardmembers are not allowed to use their Cards in their own Service Establishments. The Cardmember is not allowed to utilize the Card to fund any part of, or to meet the working capital requirements of his or her business. 7. The Company is solely liable for all amounts due on the Account and for all Charges incurred on the Card issued to the Cardmember. 8. The Cardmember is not entitled to use the Card to withdraw or extract cash in Service Establishments, and shall only use the Card to purchase goods or services. 9. The Cardmember shall not use the Card as payment for any illegal or unlawful purchases or services and is responsible for any use that is in violation of any local or other laws and regulations. The Cardmember further agrees to indemnify AEME for any action whatsoever that may arise as a result of such Transactions. 10. The Cardmember expressly authorizes AEME to use the information provided by the Cardmember for AEME's targeted promotional activities including without limitation, promotional activities conducted in conjunction with third parties selected by AEME, for third party researches and surveys, in accordance with the limitations of the applicable laws. 11. The Cardmember agrees to follow the Card activation procedures laid down by AEME from time to time and shall also be subject to any identity checks and verifications by AEME and or any third parties (e.g. credit bureaus, government agencies, Service Establishments, etc). 12. All Charges will be debited to the Account in the billing currency (i.e. USD). Any Transactions that are effected in currencies other than the billing currency will be debited to the Account after conversion as set forth in Clause 4.

  • Nature of Services The Individual Contractor shall perform the services as described in the Terms of References which form an integral part of this Contract and are attached hereto as Annex I in the following Duty Station(s): .

  • The Card You acknowledge and agree that the Card is a general purpose multicurrency reloadable prepaid card. The Card is neither a gift card (nor intended to be used for gifting purposes), a credit card, nor a deposit account debit card. The monetary value accessible through use of the Card is limited to the funds that you have previously loaded to the Card or that have been loaded to the Card on your behalf by CAPES or CNPQ. The Card is not and does not access an individual bank “account” for purposes of certain laws and regulations (including, but not limited to, Regulation E and Regulation DD of the Consumer Financial Protection Bureau). However, we may use the term “account” and related terms for convenience from time to time when communicating with you about the Card and transactions and inquiries made with the Card. You may access the funds loaded to the Card and perform Card transactions only as described in this Agreement. You cannot link the Card to any deposit or credit account that you may have with us or with any other financial institution, except as provided in this Agreement. You may not obtain or write checks or drafts to access Card funds. You will not receive any interest on funds loaded to the Card. In our sole discretion we may refuse to issue a Card to anyone for any reason. Your Card cannot be redeemed for cash. We may provide you with a non-personalized temporary Card for immediate use pending the delivery to you of a personalized Card bearing your name. The transactions and uses described in this Agreement are generally available for the temporary Card. However, because your name will not appear on the front of the temporary Card, merchants who require identity verification may be unwilling to accept a temporary Card. Notwithstanding any expiration date that may appear on the temporary Card, the temporary Card will no longer be valid for use upon the earlier of (i) 90 days after the issuance of the temporary Card or (ii) your activation of the personalized Card that is delivered to you. Upon activation of your personalized Card, any funds remaining on the temporary Card will be available on your personalized Card. By activating your personalized card you are accepting the Terms and Conditions of this product. Your Card may be loaded with funds in such currency or currencies as we may permit from time to time (each a “Card Currency”). If you use your Card in respect of a transaction in a Card Currency, the funds maintained on your Card in such Card Currency will be utilized for such transaction. If insufficient funds in such Card Currency exist on your Card, funds in other Card Currencies will be converted to the applicable transaction Card Currency in accordance with procedures outlined in Section 14 below. Transactions for which a currency is not referenced will be processed as a transaction in the default currency established for your Card (the “Default Card Currency”).

  • Nature of Business Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.