TRANSACTION AUTHORIZATIONS Sample Clauses

The Transaction Authorizations clause defines the procedures and requirements for obtaining approval before certain transactions can be executed under the agreement. Typically, this clause specifies which types of transactions require prior written consent, who within each party has the authority to grant such approvals, and any thresholds or conditions that must be met. Its core practical function is to ensure that significant actions or commitments are not made unilaterally, thereby protecting the interests of all parties and preventing unauthorized or unintended obligations.
TRANSACTION AUTHORIZATIONS. Certain purchases and cash advances may require an authorization from us or our service bureau prior to completion of the transaction. In some cases, the Authorized User may be asked to provide identification. If the authorization system is not functioning, our data processor or we may not be able to authorize a transaction even if the Account has sufficient funds and you or your Authorized Users are within the established limits. We will not be liable to you or the Authorized User if any of these events should occur and a transaction is not authorized and completed.
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TRANSACTION AUTHORIZATIONS. Authorization holds affect the available balance in your account and may account for all or some of the differences between your actual balance and your available balance. Ent has no control over the dollar amount and time that a merchant places authorization holds on your account. You agree that we shall not be liable for withholding any authorization or withdrawal due to an insufficient available balance as a result of an authorization hold. The actual balance indicates the items that have actually posted to your account but not transactions that have been authorized and are pending. As an example, any purchases, holds, fees, other charges or deposits made on your account that have not yet posted will not appear in your actual balance. Your available account balance is the amount of money in your account that is available to you to use without incurring a non- sufficient funds (NSF) or potentially a courtesy pay (overdraft) fee. The available account balance takes into account things like holds placed on deposits according to Ent’s Deposit Availability Policy, pending transactions (such as pending debit card purchases) that have been authorized for the merchant but not posted to your account, authorized automatic bill payments and other outstanding transactions that have not posted to your account. This available balance is also the balance used to determine if items are subsequently presented against insufficient funds. For additional information regarding merchant authorization holds please refer to your Ent Agreement and Disclosure for a Visa® Debit Card or ATM Card for additional information.
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TRANSACTION AUTHORIZATIONS. Purchases, transfers, and cash advances require our prior authorization. We may limit the number and dollar amount of authorizations for any certain time period. We participate in the Verified by Visa program for Internet transactions. You may also participate in other digital wallet applications with the use of your Card. If our authorization system is not fully operational, we may not be able to give approval for a transaction even if the funds are available. For added protection, we have incorporated a neural network system to combat fraud. In utilizing this program, it is possible that transactions may be declined. You authorize us to contact you without restriction by telephone, email, text message or in writing to administer your account regarding processing transactions and the prevention of fraudulent transactions. Alerts sent via text may not be delivered due to circumstances beyond our control as carriers do not guarantee delivery of such alerts. You have the right to opt out of specific contact methods by contacting the credit union at the address or telephone number listed herein. These restrictions are for security reasons, and we cannot fully explain the details of how our authorization system works. You agree that the credit union shall not be liable for withholding any authorization. If your account reflects an authorization hold, your available balance will be reduced. Please see the Membership Agreement for more information about your balances. This Card may not be used for online gambling (except as provided by Colorado law) or illegal transactions and activities. You understand that the Internal Revenue Service (IRS) limits use of this account to qualified medical expenses and that any non-qualified expenditures must be reported to the IRS.
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TRANSACTION AUTHORIZATIONS. Sub-Merchant shall not submit Transactions hereunder unless they are submitted in the correct manner, including the Sub-Merchant being in possession of Transaction receipts and not submitting Transactions until they are complete, (i.e. the goods or services are shipped/provided) and the Transaction is in the correct currency and within the correct time limit, as applicable. Sub-Merchant may set a minimum Card Transaction amount to accept that provides access to a credit account, under the following conditions: (i) the minimum Card Transaction amount does not differentiate between card issuers; (ii) the minimum Card Transaction amount does not differentiate between Payment Networks; and (iii) the minimum Card Transaction amount does not exceed $10.00 (or any higher amount established by the Federal Reserve by regulation). Sub-Merchant may set a maximum Card Transaction amount to accept that provides access to a credit account, under the following conditions: (a) the Customer (i) is a department, agency, or instrumentality of the U.S. Government; or (ii) is a corporation owned or controlled by the U.S. Government; or (iii) is a Customer whose primary business is reflected by one of the following MCCs: (x) MCC 8220 – Colleges, Universities, Professional Schools, Junior Colleges; (y) MCC8244 – Schools, Business and Secretarial; or (z) MCC 8249 – Schools, Trade and Vocational; and (b) the maximum Card Transaction amount does not differentiate between card issuers; and (c) the maximum Card Transaction amount does not differentiate between Payment Networks. Bank shall hold, receive, disburse and settle Transaction funds on Sub-Merchant’s behalf. Subject to this Agreement, Sub-Merchant also authorizes Bank to debit or credit any payment card or other payment method Payrix accepts. Sub-Merchant authorizes Payrix Bank to initiate electronic ACH debit and credit entries to Sub-Merchant’s bank account(s) and to initiate adjustments for any Transactions credited or debited in error. Sub-Merchant agrees to be bound by the Rules, and Sub-Merchant agrees that all ACH Transactions that Sub-Merchant initiates will comply with the NACHA Rules and all applicable law. In the event of any inconsistency or conflict between any provision of this Agreement and the Rules, the Rules shall govern. Sub-Merchant’s authorization will remain in full force and effect until Sub-Merchant notifies Payrix that Sub-Merchant revokes such authorization by contacting Payrix through the Account. S...
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TRANSACTION AUTHORIZATIONS. Lender shall have received, in form and substance satisfactory to Lender, evidence that all Authorizations and approvals or consents of any other Person required in connection with the execution, delivery and performance of the Loan Documents shall have been obtained.
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TRANSACTION AUTHORIZATIONS. Unless required by applicable law, we reserve the right to decline request from a merchant, ATM owner, or other party to authorize a Card transaction. We may decline an authorization request for any reason, including (but not limited to) the fact that you do not have sufficient available funds in the account to cover the transaction or because our fraud monitoring systems have flagged the transaction as potentially fraudulent. You agree that the credit union will not be liable to you for declining an authorization request. If we decline a transaction due to suspected fraud, we may attempt to contact you via telephone, email, text message, or otherwise to verify the transaction. You authorize us to contact you for this purpose using any contact information we have on file for you. Please note that we have no obligation to contact you when we decline a transaction for suspected fraud (or otherwise) and will not be liable for failing to do so.
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TRANSACTION AUTHORIZATIONS. You hereby authorize Brenart Eye Clinic to charge Your payment card or charge for any of the transactions You submit. You agree that Your submission of a transaction constitutes Your authorization to Brenart Eye Clinic charge Your card account, based on the information You have provided. In the event You would like to request a refund for a transaction processed on the Brenart Eye Clinic system, You must contact Brenart Eye Clinic directly and adhere to the guidelines outlined in section 6 below for "Transaction Refunds."
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Related to TRANSACTION AUTHORIZATIONS

  • Information Authorization Your enrollment in the applicable Service may not be fulfilled if we cannot verify your identity or other necessary information. Through your enrollment in or use of each Service, you agree that we reserve the right to request a review of your credit rating at our own expense through an authorized bureau. In addition, and in accordance with our Privacy Policy, you agree that we reserve the right to obtain personal information about you, including without limitation, financial information and transaction history regarding your Eligible Transaction Account. You further understand and agree that we reserve the right to use personal information about you for our and our Service Providers’ everyday business purposes, such as to maintain your ability to access the Service, to authenticate you when you log in, to send you information about the Service, to perform fraud screening, to verify your identity, to determine your transaction limits, to perform collections, to comply with laws, regulations, court orders and lawful instructions from government agencies, to protect the personal safety of subscribers or the public, to defend claims, to resolve disputes, to troubleshoot problems, to enforce this Agreement, to protect our rights and property, and to customize, measure, and improve the Service and the content and layout of the Site. Additionally, we and our Service Providers may use your information for risk management purposes and may use, store and disclose your information acquired in connection with this Agreement as permitted by law, including (without limitation) any use to effect, administer or enforce a transaction or to protect against or prevent actual or potential fraud, unauthorized transactions, claims or other liability. We and our Service Providers shall have the right to retain such data even after termination or expiration of this Agreement for risk management, regulatory compliance, or audit reasons, and as permitted by applicable law for everyday business purposes. In addition, we and our Service Providers may use, store and disclose such information acquired in connection with the Service in statistical form for pattern recognition, modeling, enhancement and improvement, system analysis and to analyze the performance of the Service. The following provisions in this Section apply to certain Services:

  • Organization; Authorization The Holder is duly organized, validly existing and in good standing under the laws of its state of formation and has the requisite organizational power and authority to enter into and perform its obligations under this Agreement.

  • Corporation Authorization The execution, delivery and performance by Parent of this Agreement and the consummation by Parent of the transactions contemplated hereby are within the corporate powers of Parent and have been duly authorized by all necessary corporate action. This Agreement constitutes a valid and binding agreement of Parent.

  • Due Organization, Authorization Power and Authority. Borrower and each of its Subsidiaries is duly existing and in good standing as a Registered Organization in its jurisdictions of organization or formation and Borrower and each of its Subsidiaries is qualified and licensed to do business and is in good standing in any jurisdiction in which the conduct of its businesses or its ownership of property requires that it be qualified except where the failure to do so could not reasonably be expected to have a Material Adverse Change. In connection with this Agreement, Borrower and each of its Subsidiaries has delivered to Collateral Agent a completed perfection certificate signed by an officer of Borrower or such Subsidiary (each a “Perfection Certificate” and collectively, the “Perfection Certificates”). Borrower represents and warrants that (a) Borrower and each of its Subsidiaries’ exact legal name is that which is indicated on its respective Perfection Certificate and on the signature page of each Loan Document to which it is a party; (b) Borrower and each of its Subsidiaries is an organization of the type and is organized in the jurisdiction set forth on its respective Perfection Certificate; (c) each Perfection Certificate accurately sets forth each of Borrower’s and its Subsidiaries’ organizational identification number or accurately states that Borrower or such Subsidiary has none; (d) each Perfection Certificate accurately sets forth Borrower’s and each of its Subsidiaries’ place of business, or, if more than one, its chief executive office as well as Borrower’s and each of its Subsidiaries’ mailing address (if different than its chief executive office); (e) Borrower and each of its Subsidiaries (and each of its respective predecessors) have not, in the past five (5) years, changed its jurisdiction of organization, organizational structure or type, or any organizational number assigned by its jurisdiction; and (f) all other information set forth on the Perfection Certificates pertaining to Borrower and each of its Subsidiaries, is accurate and complete (it being understood and agreed that Borrower and each of its Subsidiaries may from time to time update certain information in the Perfection Certificates (including the information set forth in clause (d) above) after the Effective Date to the extent permitted by one or more specific provisions in this Agreement); such updated Perfection Certificates subject to the review and approval of Collateral Agent. If Borrower or any of its Subsidiaries is not now a Registered Organization but later becomes one, Borrower shall notify Collateral Agent of such occurrence and provide Collateral Agent with such Person’s organizational identification number within five (5) Business Days of receiving such organizational identification number. The execution, delivery and performance by Borrower and each of its Subsidiaries of the Loan Documents to which it is a party have been duly authorized, and do not (i) conflict with any of Borrower’s or such Subsidiaries’ organizational documents, including its respective Operating Documents, (ii) contravene, conflict with, constitute a default under or violate any material Requirement of Law applicable thereto, (iii) contravene, conflict or violate any applicable order, writ, judgment, injunction, decree, determination or award of any Governmental Authority by which Borrower or such Subsidiary, or any of their property or assets may be bound or affected, (iv) require any action by, filing, registration, or qualification with, or Governmental Approval from, any Governmental Authority (except such Governmental Approvals which have already been obtained and are in full force and effect) or are being obtained pursuant to Section 6.1(b), or (v) constitute an event of default under any material agreement by which Borrower or any of such Subsidiaries, or their respective properties, is bound. Neither Borrower nor any of its Subsidiaries is in default under any agreement to which it is a party or by which it or any of its assets is bound in which such default could reasonably be expected to have a Material Adverse Change.

  • Written Authorization Prior to performing any Professional Services in connection with the Tasks, the Design Professional shall obtain from the City a written authorization to proceed. Further, throughout the term of this Agreement, the Design Professional shall immediately advise the City in writing of any anticipated changes to any Task, including any changes to the time for completion or the Compensation and Fee Schedule, and shall obtain the City's written consent to the change prior to making any changes. In no event shall the City's consent be construed to relieve the Design Professional from its duty to render all Professional Services in accordance with applicable laws and accepted industry standards.