Present Transactions Clause Samples
The Present Transactions clause defines the terms and conditions that apply to transactions occurring at the time the contract is executed or immediately thereafter. It typically outlines the obligations of the parties regarding the delivery, payment, or performance that must take place in the present, as opposed to future or contingent transactions. This clause ensures that both parties clearly understand their immediate responsibilities, reducing the risk of disputes over what actions are required at the outset of the agreement.
Present Transactions. If you use the 16-digit Card number without presenting the Card in person (such as for a mail order, telephone, or internet purchase), the legal effect will be the same as if you had physically presented the Card itself. For security reasons, we may limit the amount or number of such transactions you may make. Processing Errors. We will rectify any processing error that we discover. If the error results in your receipt of less than the correct amount to which you are entitled, we will credit the Account for the difference. If the error results in your receipt of more than the correct amount to which you are entitled, we will debit the extra funds from the Account.
Present Transactions. If you use the 16-digit Card number without presenting the Card in person (such as for a mail order, telephone, or internet purchase), the legal effect will be the same as if you had physically presented the Card itself. For security reasons, we may limit the amount or number of such transactions you may make. Processing Errors. We will rectify any processing error that we discover. If the error results in a charge of more than the correct amount, we will credit the Card Account for the difference. If the error results in a charge of less than the correct amount, we will charge the difference to the Card Account.