Common use of Underlying Transactions Clause in Contracts

Underlying Transactions. 3.1 Customer shall only submit Supplier Invoices in respect of genuine and lawful trade transactions arising in the ordinary course of business for the sale, supply and purchase of goods and/or services between Customer and Supplier. Customer shall not submit Supplier Invoices for investment or arbitrage functions or purposes, or for any money laundering purpose, or in contravention of any applicable law. 3.2 Customer acknowledges and agrees that neither the Service Provider nor the Financial Institution shall have any responsibility or liability for disputes that arise between Customer and Supplier or any other third party with respect to the Supply Agreement, the related goods and/or services or otherwise. 3.3 Nothing in this Agreement shall constitute a release or waiver of, or limitation on, any rights Customer may have against Supplier, including any right to seek damages or a refund from Supplier of amounts paid pursuant to a Supply Agreement and/or the relevant Supplier Invoice. The parties acknowledge that this clause does not create rights against Service Provider or Financial Institution.