VARIATION AND TERMINATION OF RELATIONSHIP. 13.1. The Bank may at any time, upon notice to you, terminate or vary its business relationship with you and close your M-Shwari Account and in particular but without prejudice to the generality of the foregoing the Bank may cancel credits which it has granted and require the repayment of outstanding debts resulting therefrom within such time as the Bank may determine. 13.2. Without prejudice to the Bank rights under clause 13.1, the Bank may at its sole discretion suspend or close your M-Shwari Account: 13.2.1. if you use the M-Shwari Account for unauthorized purposes or where the Bank detects any abuse/misuse, breach of content, fraud or attempted fraud relating to your use of the Services; 13.2.2. if your M-PESA Account or agreement with Safaricom is terminated for whatever reason; 13.2.3. if the Bank is required or requested to comply with an order or instruction of or a recommendation from the government, court, regulator or other competent authority; 13.2.4. if the Bank reasonably suspects or believes that you are in breach of these Terms and Conditions or other terms and conditions relating to Fuliza and KCB M- PESA (including non-payment of any Loan or Top Up amount due from you where applicable); 13.2.5. where such a suspension or variation is necessary as a consequence of technical problems or for reasons of safety; 13.2.6. to facilitate update or upgrade the contents or functionality of the Services from time to time; 13.2.7. where you remain inactive for any period of time determined by the Bank in its reasonable discretion; or 13.2.8. If the Bank decides to suspend or cease the provision of the Services for commercial reasons or for any other reason as it may determine in its absolute discretion. 13.3. The Bank may at any time, without notice to you, terminate its business relationship with you and in particular but without prejudice to the generality of the foregoing, the Bank may cancel credits which it has granted and require the repayment of outstanding debts resulting therefrom within such time as the Bank may determine. The Bank may further terminate or freeze any account in your name without prior notice to you if: 13.3.1. You are found to be using, holding or trading in Unregulated Currencies. 13.3.2. You are found to be trading or is part of businesses associated with using, holding or trading in Unregulated currencies, gambling and or betting. 13.3.3. You are found to be engaging in Forex trading or operating Foreign Exchange Bureaus without the prerequisite approvals from relevant statutory bodies including the Central Bank of Kenya and the Capital Markets Authority. 13.4. The Bank will conduct due diligence and vigilance on accounts and transactions at any given time and without notice to You, in a bid to ensure that there are no activities ongoing therein that are contrary to this clause. 13.5. The Bank retains the right to refuse to open an account or to process a transaction where it is suspected that You are or the transaction is criminal, fraudulent, or in contravention of the provisions of this clause. 13.6. You undertake to indemnify the Bank and hold it harmless against any loss, charge, damage, expense, fee or claim, which the Bank suffers or incurs or sustains as a result of your involvement in the activities prohibited under this clause. 13.7. You may close your M-Shwari Account at any time at any Customer Care Centre. 13.8. If your M-Shwari Account has any credit balance at the time of its closure, we will return any such balance to you, less any applicable fees. If your M-Shwari Loan Account is in arrears at the time of closure of your M- Shwari Account, you agree to pay to us immediately all amounts you owe us. 13.9. Termination shall however not affect any accrued rights and liabilities of either party. 13.10. If the Bank receives notice of your demise, the Bank will not be obliged to allow any operation or withdrawal from your M-Shwari Account by any person except upon production of Grants of Letters of Administration or Probate by your legal representatives duly appointed by the Court.
Appears in 2 contracts
Sources: Terms and Conditions, Terms and Conditions for Account Opening
VARIATION AND TERMINATION OF RELATIONSHIP. 13.114.1. The Bank may at any time, upon notice to you, terminate or vary its business relationship with you and close your M-Shwari Account and in particular but without prejudice to the generality of the foregoing the Bank may cancel credits which it has granted and require the repayment of outstanding debts resulting therefrom within such time as the Bank may determine.
13.214.2. Without prejudice to the Bank rights under clause 13.1, the Bank may at its sole discretion suspend or close your M-Shwari Account:
13.2.114.2.1. if you use the M-Shwari Account for unauthorized purposes or where the Bank detects any abuse/misuse, breach of content, fraud or attempted fraud relating to your use of the Services;
13.2.214.2.2. if your M-PESA Account or agreement with Safaricom is terminated for whatever reason;
13.2.314.2.3. if the Bank is required or requested to comply with an order or instruction of or a recommendation from the government, court, regulator or other competent authority;
13.2.414.2.4. if the Bank reasonably suspects or believes that you are in breach of these Terms and Conditions or other terms and conditions relating to Fuliza and KCB M- PESA (including non-payment of any Loan or Top Up amount due from you where applicable);
13.2.514.2.5. where such a suspension or variation is necessary as a consequence of technical problems or for reasons of safety;
13.2.614.2.6. to facilitate update or upgrade the contents or functionality of the Services from time to time;
13.2.714.2.7. where you remain inactive for any period of time determined by the Bank in its reasonable discretion; or
13.2.814.2.8. If the Bank decides to suspend or cease the provision of the Services for commercial reasons or for any other reason as it may determine in its absolute discretion.
13.3. The Bank may at any time, without notice to you, terminate its business relationship with you and in particular but without prejudice to the generality of the foregoing, the Bank may cancel credits which it has granted and require the repayment of outstanding debts resulting therefrom within such time as the Bank may determine. The Bank may further terminate or freeze any account in your name without prior notice to you if:
13.3.1. You are found to be using, holding or trading in Unregulated Currencies.
13.3.2. You are found to be trading or is part of businesses associated with using, holding or trading in Unregulated currencies, gambling and or betting.
13.3.3. You are found to be engaging in Forex trading or operating Foreign Exchange Bureaus without the prerequisite approvals from relevant statutory bodies including the Central Bank of Kenya and the Capital Markets Authority.
13.4. The Bank will conduct due diligence and vigilance on accounts and transactions at any given time and without notice to You, in a bid to ensure that there are no activities ongoing therein that are contrary to this clause.
13.5. The Bank retains the right to refuse to open an account or to process a transaction where it is suspected that You are or the transaction is criminal, fraudulent, or in contravention of the provisions of this clause.
13.6. You undertake to indemnify the Bank and hold it harmless against any loss, charge, damage, expense, fee or claim, which the Bank suffers or incurs or sustains as a result of your involvement in the activities prohibited under this clause.
13.7. You may close your M-Shwari Account at any time at any Customer Care Centre.
13.813.4. If your M-Shwari Account has any credit balance at the time of its closure, we will return any such balance to you, less any applicable fees. If your M-M- Shwari Loan Account is in arrears at the time of closure of your M- M-Shwari Account, you agree to pay to us immediately all amounts you owe us.
13.913.5. Termination shall however not affect any accrued rights and liabilities of either party.
13.1013.6. If the Bank receives notice of your demise, the Bank will not be obliged to allow any operation or withdrawal from your M-Shwari Account by any person except upon production of Grants of Letters of Administration or Probate by your legal representatives duly appointed by the Court.
Appears in 1 contract
Sources: Terms and Conditions
VARIATION AND TERMINATION OF RELATIONSHIP. 13.1. The Bank We may at any time, upon notice to you, terminate or vary its our business relationship with you and close your M-Shwari PAWA Account and in particular but without prejudice to the generality of the foregoing the Bank may cancel credits which it has granted and require the repayment of outstanding debts resulting therefrom within such time as the Bank may determine.
13.2. Without prejudice to the Bank rights under clause 13.1, the Bank may at its sole discretion suspend or close your M-Shwari PAWA Account:: as well the exercise of the foregoing right is subject to any other Applicable Laws
13.2.1. if If you use the M-Shwari PAWA Account for unauthorized purposes or where the Bank detects we detect any abuse/misuse, breach of content, fraud or attempted fraud relating to your use of the Services;
13.2.2. if If your M-PESA Account or agreement with Safaricom M-PESA Limited is terminated for whatever reason;
13.2.3. if the Bank is If we are required or requested to comply with an order or instruction of or a recommendation from the government, court, regulator or other competent authority;
13.2.4. if the Bank If we reasonably suspects or believes that you are in breach of these Terms and Conditions or other terms and conditions relating to Fuliza and KCB M- PESA (including non-non- payment of any Loan or Top Up amount due from you where applicable);
13.2.5. where Where such a suspension or variation is necessary as a consequence of technical problems or for reasons of safety;
13.2.6. to To facilitate update or upgrade the contents or functionality of the Services from time to time;
13.2.7. where Where you remain inactive for any period of time determined by the Bank us in its our reasonable discretion; or
13.2.8. If the Bank or M-PESA Limited decides to suspend or cease the provision of the Services for commercial reasons or for any other reason as it we may determine in its our absolute discretion.
13.3. The Bank may at any time, without notice to you, terminate its business relationship with you and in particular but without prejudice to the generality of the foregoing, the Bank may cancel credits which it has granted and require the repayment of outstanding debts resulting therefrom within such time as the Bank may determine. The Bank may further terminate or freeze any account in your name without prior notice to you if:
13.3.1. You are found to be using, holding or trading in Unregulated Currencies.
13.3.2. You are found to be trading or is part of businesses associated with using, holding or trading in Unregulated currencies, gambling and or betting.
13.3.3. You are found to be engaging in Forex trading or operating Foreign Exchange Bureaus without the prerequisite approvals from relevant statutory bodies including the Central Bank of Kenya and the Capital Markets Authority.
13.4. The Bank will conduct due diligence and vigilance on accounts and transactions at any given time and without notice to You, in a bid to ensure that there are no activities ongoing therein that are contrary to this clause.
13.5. The Bank retains the right to refuse to open an account or to process a transaction where it is suspected that You are or the transaction is criminal, fraudulent, or in contravention of the provisions of this clause.
13.6. You undertake to indemnify the Bank and hold it harmless against any loss, charge, damage, expense, fee or claim, which the Bank suffers or incurs or sustains as a result of your involvement in the activities prohibited under this clause.
13.7. You may close your M-Shwari PAWA Account at any time at any Customer Care Centre.
13.813.4. If your M-Shwari PAWA Account has any credit balance at the time of its closure, we the Bank will return any such balance to you, less any applicable feescharges. If your M-Shwari PAWA Loan Account is in arrears at the time of closure of your M- Shwari M-PAWA Account, you agree to pay to us immediately all amounts you owe usthe Bank before Closure.
13.913.5. Termination shall however not affect any accrued rights and liabilities of either party.
13.1013.6. If the Bank receives notice of your demise, the Bank will not be obliged to allow any operation or withdrawal from your M-Shwari PAWA Account by any person except upon production of Grants of Letters of Administration or Probate by your legal representatives duly appointed by the Court.
Appears in 1 contract
Sources: Terms and Conditions
VARIATION AND TERMINATION OF RELATIONSHIP. 13.1. The Bank may at any time, upon notice to you, terminate or vary its business relationship with you and close your M-Shwari Account and in particular but without prejudice to the generality of the foregoing the Bank may cancel credits which it has granted and require the repayment of outstanding debts resulting therefrom within such time as the Bank may determine.
13.2. Without prejudice to the Bank rights under clause 13.1, the Bank may at its sole discretion suspend or close your M-Shwari Account:
13.2.1. if you use the M-Shwari Account for unauthorized purposes or where the Bank detects any abuse/misuse, breach of content, fraud or attempted fraud relating to your use of the Services;
13.2.2. if your M-PESA Account or agreement with Safaricom is terminated for whatever reason;
13.2.3. if the Bank is required or requested to comply with an order or instruction of or a recommendation from the government, court, regulator or other competent authority;
13.2.4. if the Bank reasonably suspects or believes that you are in breach of these Terms and Conditions or other terms and conditions relating to Fuliza and KCB M- PESA (including non-payment of any Loan or Top Up amount due from you where applicable);
13.2.5. where such a suspension or variation is necessary as a consequence of technical problems or for reasons of safety;
13.2.6. to facilitate update or upgrade the contents or functionality of the Services from time to time;
13.2.7. where you remain inactive for any period of time determined by the Bank in its reasonable discretion; or
13.2.8. If the Bank decides to suspend or cease the provision of the Services for commercial reasons or for any other reason as it may determine in its absolute discretion.
13.3. The Bank may at any time, without notice to you, terminate its business relationship with you and in particular but without prejudice to the generality of the foregoing, the Bank may cancel credits which it has granted and require the repayment of outstanding debts resulting therefrom within such time as the Bank may determine. The Bank may further terminate or freeze any account in your name without prior notice to you if:
13.3.1. You are found to be using, holding or trading in Unregulated Currencies.
13.3.2. You are found to be trading or is part of businesses associated with using, holding or trading in Unregulated currencies, gambling and or betting.
13.3.3. You are found to be engaging in Forex trading or operating Foreign Exchange Bureaus without the prerequisite approvals from relevant statutory bodies including the Central Bank of Kenya and the Capital Markets Authority.
13.4. The Bank will conduct due diligence and vigilance on accounts and transactions at any given time and without notice to You, in a bid to ensure that there are no activities ongoing therein that are contrary to this clause.
13.5. The Bank retains the right to refuse to open an account or to process a transaction where it is suspected that You are or the transaction is criminal, fraudulent, or in contravention of the provisions of this clause.
13.6. You undertake to indemnify the Bank and hold it harmless against any loss, charge, damage, expense, fee or claim, which the Bank suffers or incurs or sustains as a result of your involvement in the activities prohibited under this clause.
13.7. You may close your M-Shwari Account at any time at any Customer Care Centre.
13.8. If your M-Shwari Account has any credit balance at the time of its closure, we will return any such balance to you, less any applicable fees. If your M-Shwari Loan Account is in arrears at the time of closure of your M- M-Shwari Account, you agree to pay to us immediately all amounts you owe us.
13.9. Termination shall however not affect any accrued rights and liabilities of either party.
13.10. If the Bank receives notice of your demise, the Bank will not be obliged to allow any operation or withdrawal from your M-Shwari Account by any person except upon production of Grants of Letters of Administration or Probate by your legal representatives duly appointed by the Court.
Appears in 1 contract
Sources: Terms and Conditions
VARIATION AND TERMINATION OF RELATIONSHIP. 13.1. The Bank may at any time, upon notice to you, terminate or vary its business relationship with you and close your M-Shwari Account and in particular but without prejudice to the generality of the foregoing the Bank may cancel credits which it has granted and require the repayment of outstanding debts resulting therefrom within such time as the Bank may determine.
13.2. Without prejudice to the Bank rights under clause 13.1, the Bank may at its sole discretion suspend or close your M-Shwari Account:
13.2.1. if you use the M-Shwari Account for unauthorized purposes or where the Bank detects any abuse/misuse, breach of content, fraud or attempted fraud relating to your use of the Services;
13.2.2. if your M-PESA Account or agreement with Safaricom is terminated for whatever reason;
13.2.3. if the Bank is required or requested to comply with an order or instruction of or a recommendation from the government, court, regulator or other competent authority;
13.2.4. if the Bank reasonably suspects or believes that you are in breach of these Terms and Conditions or other terms and conditions relating to Fuliza and KCB M- PESA (including non-non- payment of any Loan or Top Up amount due from you where applicable);
13.2.5. where such a suspension or variation is necessary as a consequence of technical problems or for reasons of safety;
13.2.6. to facilitate update or upgrade the contents or functionality of the Services from time to time;
13.2.7. where you remain inactive for any period of time determined by the Bank in its reasonable discretion; or
13.2.8. If the Bank decides to suspend or cease the provision of the Services for commercial reasons or for any other reason as it may determine in its absolute discretion.
13.3. The Bank may at any time, without notice to you, terminate its business relationship with you and in particular but without prejudice to the generality of the foregoing, the Bank may cancel credits which it has granted and require the repayment of outstanding debts resulting therefrom within such time as the Bank may determine. The Bank may further terminate or freeze any account in your name without prior notice to you if:
13.3.1. You are found to be using, holding or trading in Unregulated Currencies.
13.3.2. You are found to be trading or is part of businesses associated with using, holding or trading in Unregulated currencies, gambling and or betting.
13.3.3. You are found to be engaging in Forex trading or operating Foreign Exchange Bureaus without the prerequisite approvals from relevant statutory bodies including the Central Bank of Kenya and the Capital Markets Authority.
13.4. The Bank will conduct due diligence and vigilance on accounts and transactions at any given time and without notice to You, in a bid to ensure that there are no activities ongoing therein that are contrary to this clause.
13.5. The Bank retains the right to refuse to open an account or to process a transaction where it is suspected that You are or the transaction is criminal, fraudulent, or in contravention of the provisions of this clause.
13.6. You undertake to indemnify the Bank and hold it harmless against any loss, charge, damage, expense, fee or claim, which the Bank suffers or incurs or sustains as a result of your involvement in the activities prohibited under this clause.
13.7. You may close your M-Shwari Account at any time at any Customer Care Centre.
13.8. If your M-Shwari Account has any credit balance at the time of its closure, we will return any such balance to you, less any applicable fees. If your M-Shwari Loan Account is in arrears at the time of closure of your M- M-Shwari Account, you agree to pay to us immediately all amounts you owe us.
13.9. Termination shall however not affect any accrued rights and liabilities of either party.
13.10. If the Bank receives notice of your demise, the Bank will not be obliged to allow any operation or withdrawal from your M-Shwari Account by any person except upon production of Grants of Letters of Administration or Probate by your legal representatives duly appointed by the Court.
Appears in 1 contract
VARIATION AND TERMINATION OF RELATIONSHIP. 13.1. The Bank may at any time, upon notice to you, terminate or vary its business relationship with you and close your M-Shwari Account and in particular but without prejudice to the generality of the foregoing the Bank may cancel credits which it has granted and require the repayment of outstanding debts resulting therefrom within such time as the Bank may determine.
13.2. Without prejudice to the Bank rights under clause 13.1, the Bank may at its sole discretion suspend or close your M-Shwari Account:
13.2.1. if you use the M-Shwari Account for unauthorized purposes or where the Bank detects any abuse/misuse, breach of content, fraud or attempted fraud relating to your use of the Services;
13.2.2. if your M-PESA Account or agreement with Safaricom is terminated for whatever reason;
13.2.3. if the Bank is required or requested to comply with an order or instruction of or a recommendation from the government, court, regulator or other competent authority;
13.2.4. if the Bank reasonably suspects or believes that you are in breach of these Terms and Conditions or other terms and conditions relating to Fuliza and KCB M- PESA (including non-payment of any Loan or Top Up amount due from you where applicable);
13.2.5. where such a suspension or variation is necessary as a consequence of technical problems or for reasons of safety;
13.2.6. to facilitate update or upgrade the contents or functionality of the Services from time to time;
13.2.7. where you remain inactive for any period of time determined by the Bank in its reasonable discretion; or
13.2.8. If the Bank decides to suspend or cease the provision of the Services for commercial reasons or for any other reason as it may determine in its absolute discretion.
13.3. The Bank may at any time, without notice to you, terminate its business relationship with you and in particular but without prejudice to the generality of the foregoing, the Bank may cancel credits which it has granted and require the repayment of outstanding debts resulting therefrom within such time as the Bank may determine. The Bank may further terminate or freeze any account in your name without prior notice to you if:
13.3.1. You are found to be using, holding or trading in Unregulated Currencies.
13.3.2. You are found to be trading or is part of businesses associated with using, holding or trading in Unregulated currencies, gambling and or betting.
13.3.3. You are found to be engaging in Forex trading or operating Foreign Exchange Bureaus without the prerequisite approvals from relevant statutory bodies including the Central Bank of Kenya and the Capital Markets Authority.
13.4. The Bank will conduct due diligence and vigilance on accounts and transactions at any given time and without notice to You, in a bid to ensure that there are no activities ongoing therein that are contrary to this clause.
13.5. The Bank retains the right to refuse to open an account or to process a transaction where it is suspected that You are or the transaction is criminal, fraudulent, or in contravention of the provisions of this clause.
13.6. You undertake to indemnify the Bank and hold it harmless against any loss, charge, damage, expense, fee or claim, which the Bank suffers or incurs or sustains as a result of your involvement in the activities prohibited under this clause.
13.7. You may close your M-Shwari Account at any time at any Customer Care Centre.
13.813.4. If your M-Shwari Account has any credit balance at the time of its closure, we will return any such balance to you, less any applicable fees. If your M-Shwari Loan Account is in arrears at the time of closure of your M- M-Shwari Account, you agree to pay to us immediately all amounts you owe us.
13.913.5. Termination shall however not affect any accrued rights and liabilities of either party.
13.1013.6. If the Bank receives notice of your demise, the Bank will not be obliged to allow any operation or withdrawal from your M-Shwari Account by any person except upon production of Grants of Letters of Administration or Probate by your legal representatives duly appointed by the Court.
Appears in 1 contract