Payment Instruments Clause Samples
The Payment Instruments clause defines the acceptable methods or tools that parties may use to make payments under the agreement. It typically specifies whether payments can be made via wire transfer, credit card, check, or other financial instruments, and may outline any requirements or restrictions for their use. By clearly identifying which payment methods are permitted, this clause helps prevent disputes over payment processes and ensures both parties understand how financial transactions should be conducted.
POPULAR SAMPLE Copied 1 times
Payment Instruments. Funds may be withdrawn from the account and payment orders concerning the account may be given with payment instruments accepted by the bank. The use of a payment instrument is separately agreed on with the bank. If the bank does not require a separate agreement, the withdrawal of funds from the account and the payment instrument are subject to the general terms and conditions currently applied by the bank to the service in question. The customer is responsible for any payment orders made with payment instruments in accordance with the terms and conditions applicable to the payment instrument in question. When the account is closed or an authorisation to use the account is cancelled, the account holder and a person authorised to the use the account no longer have the right to use the payment instruments. In this situation the payment instruments must be destroyed at the bank's request or returned to the bank.
Payment Instruments. To enable the Account holder to perform payment transactions on their account, the Bank may make a transfer service available to them, upon request. The Bank may refuse the issue or use of transfers if the account has insufficient provision, or if there is a prohibition on holding bank accounts or judicial order against the Account holder or a protection measure affecting the Account holder (a minor, family consent, temporary judicial protection with appointment of a special proxy, partial guardianship or plenary guardianship, appointment of an interim administrator, assistance from a court-appointed guardian) if authorization for the payment instrument(s) is not included in the court ruling ordering the protection measure. As soon as a payment instrument has been issued, the Account holder must take all reasonable steps to ensure that it is secure in accordance with Article 17-7. If the Account holder has subscribed to the Private Online Space service, they may also perform payment transactions through their cash account linked to their securities account through the Private Online Space. The terms and conditions for access to and use of said service, as well as precautionary measures to be taken by the Account holder, are set forth in the General Terms and Conditions for access to and use of the 'Private Online Space' service.
Payment Instruments. 16.1 In connection with our Payment Services, we may provide you with one or more Payment Instruments.
16.2 If you want to agree on a spending limit for use of any Payment Instrument you should contact us and we may arrange this for you.
16.3 We may also impose a spending limit on a Payment Instrument by notice to you in accordance with this Agreement and your continued use of that Payment Instrument will be deemed to constitute your Agreement to such limit.
16.4 We reserve the right to block (subject to our obligations under all applicable laws, regulations and regulatory requirements) use of a Payment Instrument by you (or a Nominated User) for objectively justified reasons related to the security of the Payment Instrument, the suspicion of unauthorised or fraudulent use of the Payment Instrument or, in the case of a Payment Instrument with a credit facility, a significantly increased risk that you may be unable to fulfil your liability to pay. If we do decide to block your Payment Instrument, unless prohibited by law, regulation or regulatory requirement, we shall notify you of this, where possible, before the Payment Instrument is blocked and at the latest immediately after, by any reasonable means we may select. We will unblock your Payment Instrument if the reasons for blocking cease to exist. If you wish to apply for unblocking of your Payment Instrument please contact us.
16.5 You must keep any Payment Instrument that we provide to you in connection with the Arrangement safe in accordance with any terms and conditions from time to time stated to apply to the Payment Instrument. On becoming aware of the loss, theft, misappropriation or unauthorised use of the Payment Instrument, you must notify us in accordance with any terms and conditions from time to time stated to apply to the Payment Instrument.
Payment Instruments. You may only add payment instruments (such as bank accounts, credit cards or debit cards) to your Account if you are the named holder of that payment instrument. We take any violation of this requirement very seriously and will treat any attempt to add a payment instrument of which you are not the named holder as a fraudulent act.
Payment Instruments. In the event of dishonor of any payment instruments or any payment instructions by o on behalf of the Allottee for any reason whatsoever, then the same shall be treated as a default and the Vendor/ Developer may at its sole discretion be entitled to exercisc any recourse available herein. Further, the Vendor / Developer shall intimate the Allotee of the dishonour of the cheque and the Allottee would be required to promptly tender a Demand Draft of the outstanding amounts including interest at the Applicable Interest Rate from the due date till the date of receipt by the Vendor/ Developer of all the amounts including the dishonour charges of Rs. 500/ (Rupees Five Hundred only) for each dishonour. In the event the said Demand Draft is not tendered within 7 (seven) days then the Vendor / Developer shall be entitled to cancel the allotment, subject o provisions hereunder. In the event the Allottee comes forward to pay the entire outstanding amounts, interest and penalty thereof, the Vendor / Developer may consider the same at its sole discretion. In the event of dishonor of any cheque. the Vendor / Developer has no obligation to return the original dishonored cheque.
Payment Instruments. You may access the Service through any of the following payment instruments:
(a) the "Pre-Payment Card" (MyWallet Card (physical)) – this means a physical card which may be purchased on the Website or at designated outlets in order to make purchases online or at authorised physical terminals or to redeem credit from the credit balance in Your Account at its nominal value in cash at ATMs; or
(b) the "NFC Phone" (MyWallet Card (digital)) – this means any smart or mobile phone that is NFC enabled and provided with a MasterCard-compatible SIM card from Slovak Telekom, a.s. and which enables You to make payment for Products at authorised physical MasterCard PayPass stations; or
(c) any other payment instrument as launched by Us and notified to You from time to time, together, the "Payment Instruments". All Payment Instruments are MasterCard prepaid cards. None of the Payment Instruments operate as a credit card or debit card. Each Payment Instrument provides a means to access funds in Your Account and initiate transactions and does not hold a separate balance from Your Account. You may apply to hold one or more Payment Instruments at any time.
Payment Instruments. Following the Closing, Buyer agrees to pay in accordance with law all checks, drafts, and withdrawal orders (including ACH debits) which are properly drawn by depositors with respect to the Deposits assumed by Buyer, which are duly endorsed (or for which necessary endorsements are deemed supplied by applicable law) and otherwise properly payable, in light of credit balances and overdraft privileges, if any, applicable to such depositors, and presented to Buyer by mail, over its counters, or through the check-clearing system of the banking industry, and in all other respects to discharge, in the usual course of the banking business, the duties and obligations of Seller with respect to the balances due and owing to the depositors whose Deposits are assumed by Buyer.
Payment Instruments. INCRUISES may accept one or more payment instruments, including, but not limited to, credit cards, debit cards, direct debits, e-checks and wire transfers (hereinafter referred to as the "Payment Instrument"). When you disclose a Payment Instrument to INCRUISES in relation to a financial transaction, you are representing and warranting INCRUISES that you have the necessary rights required to use the Payment Instrument to pay for the financial transaction in full. INCRUISES reserves the right to store information related to the Payment Instrument associated with a financial transaction. INCRUISES will charge one or more Payment Instruments disclosed by you for the full amount of a financial transaction before you are provided access to the products and/or services related to the financial transaction. If the Payment Instrument is a credit card or debit card, INCRUISES reserves the right to pre-authorize the financial transaction for the full amount. Once the financial transaction is complete, the full amount will be charged to the Payment Instrument.
Payment Instruments. If we give you a payment instrument for your account i.e. use of online banking with a password etc, you must, as soon as you receive it, take all reasonable steps to keep personalised security credentials safe including not giving such information to a third party and storing such information in a secure location. If the payment instrument is lost, stolen, misappropriated or used in an unauthorised manner, you should notify us by telephoning us at 01 845 1400 or by email to ▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇. We reserve the right to block your use of a payment instrument for any of the following reasons:
(a) the security of the payment instrument;
(b) if we suspect that it is, or has been, used in an unauthorised or fraudulent manner;
(c) (if the payment instrument is connected with the provision by us of credit to you) a significantly increased risk that you may be unable to fulfil your obligations to pay; and
(d) our legal or regulatory obligations, including our national or European Union obligations. If we block your use of a payment instrument, we will tell you about it (and the reasons for it) by telephone or writing to you unless giving you that information would compromise our security or would be prohibited by law. You may request that we unblock the payment instrument and we will do so, or replace the payment instrument, once the reason for blocking no longer exists.
Payment Instruments. All efforts are made to promote the most favorable payment instruments (e.g. special initiatives are taken and incentives are offered to existing customers to promote direct debit, to replace checks by bank transfers, etc.). Customer checks received are presented for collection on the day of receipt to the bank with the most favorable CREDIT AND COLLECTION POLICY PAGE 7 OF 11 MAUSER GROUP Regional or SBU CFO is leading Finance individual on SBU conditions (in case of entities participating to the factoring program, defined Collection Accounts) concerning the value date. Entities included in the Group factoring program are required to request approval from Group Treasury before making any changes to accounts.