Common use of The Client undertakes Clause in Contracts

The Client undertakes. 11.1. To comply with the obligations and requirements of the Agreement and the legal acts. 11.2. To ensure that the Account (-s) will only be used and accessed by the Client or his lawful representatives. 11.3. To ensure that the payment orders, notices or other actions submitted to Verifo using the electronic communication means are properly authorized. 11.4. To ensure the security of the Personalized Safety Features and payment instruments provided by Verifo, to take actions to protect the individual security features of the Personalized Safety Features and payment instruments. If the Client suspects that the Personalized Safety Features or the payment instrument is or can be used without authorization, the Client has lost it, it has been seized by other person, or the Client cannot manage it for other reasons, the Client shall immediately, and not later than within one working day, inform Verifo about it. 11.5. To provide Verifo with the right to record communication between Verifo and the Client using telephone or other communication means, when the Client requests to block the provision of the Servides or to cancel this blocking. Communication records are considered evidence in possible disputes. 11.6. Immediately, but not later than within three working days, to inform Verifo if the Client’s address, account numbers, mobile telephone number or other information and contact details change. If the Client fails to comply with this requirement, the Client cannot make any claims and objections that the actions of Verifo carried out using the latest known details of the Client, do not conform to the Agreement or that he has not received any communications sent using those contact details. 11.7. At its own expense, upon request of Verifo, to submit all documents and information required by Verifo within the deadline specified by Verifo. The Client undertakes to submit the documents in the form and language as requested by Verifo. If the Client violates the obligations stipulated in this clause, Verifo has the right to demand that the Client compensates for losses caused by the violation (including, but not limited to, the costs for the translation, delivery, and approval of the documents). 11.8. To guarantee and to ensure that any documents and information submitted by the Client to Verifo are correct, accurate, and complete. 11.9. To actively participate in any investigation related to the Client’s Account, activity or payment transactions, to cooperate in providing Verifo with all information and documents requested by Verifo. 11.10. To prevent any other unauthorized persons and persons unknown to Verifo from using the Account and/or Services on behalf of the Client. 11.11. When opening, processing, and closing the Account, to submit the required documents to Verifo, confirming the right of the Client or the Client’s representative to manage the Client’s Account and the funds therein. 11.12. To pay to Verifo Fees for the Services rendered and transactions executed by Verifo, which Verifo has the right to deduct from the Account on the day the operation is executed. If, on the day of the transaction, the Account does not have sufficient funds to deduct Verifo’s Fee, the Client agrees that the Fee for the executed transaction or rendered Services will be deducted on any other day when the balance of the Client’s Account is sufficient (if Verifo agrees to execute the transaction or render the Services without initial payment of relevant Fees). 11.13. To ensure that the Account has sufficient funds to execute payment orders and to pay for the Services rendered and payments executed. If the Account does not have sufficient funds for the payment for the Services rendered and transactions executed, the Client agrees, and Verifo is entitled to deduct this Fee from other Accounts of the Client at Verifo. 11.14. To immediately notify Verifo of incorrectly credited or debited funds, as well as other mistaken transactions of the Account. In the event of insufficient funds to debit the amounts incorrectly credited to the Account, the Client unconditionally undertakes within 3 (three) business days from the day of reception the request from Verifo to return the incorrectly credited funds to Verifo. 11.15. To ensure that the use of the Account does not violate the requirements of the agreements concluded between Verifo and the Client and the legal acts, as well as that the funds contained in the Account are not used for illicit purposes or would result from illegal activity. 11.16. To use the Account in accordance with the terms and conditions of its use, ensure the security and confidentiality of the Account and login data, and take active steps to prevent Account and its login data from being used by unauthorized third parties. 11.17. Upon becoming aware of the unauthorized use of the Account and/or access to the Account or its login data, as well as the evidence or suspicions that such information has become known to third parties, the Client shall immediately, but not later than within 1 (one) business day, notify Verifo or the entity designated by it.