Common use of Account Operators Clause in Contracts

Account Operators. The Applicant will be required to provide us with details of the person/s which will have access to the Payment Accounts, referred to as the Account Operators. The Applicant will then have the option to choose which one of the below administrative rights to appoint to each person.  Single Signatory The person with this right will be able to input and process payments;  Joint Signatory The Person marked as a joint signatory will require the authorisation of another joint signatory (or more, if so required) to process a payment;  Inputting Rights Rights are limited to inputting payments, but will not have the authority to actually process any payments;  Viewing Rights This person can have access to the Payment Account on the Platform and view activity contained therein but will not be able to input or process any payments. All Account Operators having access to the Payment Account/s will be considered as adequately and duly authorised by the Client to use and manage (or alternatively just view) the Payment Account/s in accordance with the rights assigned in the Application Form and will legally bind the Account Holder concerned through their use of the Payment Account. Each Payment Order submitted by authorised Account Operators will be considered as approved by the Account Holder and irrevocable. In the event that an Account Holder wishes to limit or remove rights assigned to an Account Operator, the Account Holder must fill in the Account Operators Amendment Form, found on our Website, signed by the legal representatives of the Account Holder and sent to xxxxxxxxxx@xxxxxxxxxx.xxx.

Account Operators. The Applicant will be required to provide us with details and verification documents of the person/s which will have access to the Payment Accounts, referred to as the Account Operators. The Applicant will then have the option to choose which one of the below administrative rights to appoint to each person.  Single Signatory Signatory: The person with this right will be able to input and process payments; payments  Joint Signatory Signatory: The Person marked as a joint signatory will require the authorisation of another joint signatory (or more, if so required) to process a payment; payment  Inputting Rights Rights: Rights are limited to inputting payments, but will not have the authority to actually process any payments; payments  Viewing Rights Rights: This person can have access to the Payment Account on the Platform and view activity contained therein but will not be able to input or process any payments. All Account Operators having access to the Payment Account/s will be considered as adequately and duly authorised by the Client Account Holder to use and manage (or alternatively just view) the Payment Account/s in accordance with the rights assigned in the Application Form and will legally bind the Account Holder concerned through their use of the Payment Account. Each Payment Order submitted by authorised Account Operators will be considered as approved by the Account Holder and irrevocable. In the event that an Account Holder wishes to limit or remove rights assigned to an Account Operator, the Account Holder must fill in the Account Operators Amendment Form, found on our Websitewhich is available upon request, signed by the legal representatives of the Account Holder and sent to xxxxxxxxxx@xxxxxxxxxx.xxx. All Account Operators are subject to the due diligence process and need to be identified and verified in accordance with Finductive procedures.

Account Operators. The Applicant will be required to provide us with details and verification documents of the person/s which will have access to the Payment Accounts, referred to as the Account Operators. The Applicant will then have the option to choose which one of the below administrative rights to appoint to each person.  • Single Signatory The person with this right will be able to input and process payments;  • Joint Signatory The Person marked as a joint signatory will require the authorisation of another joint signatory (or more, if so required) to process a payment;  • Inputting Rights Rights are limited to inputting payments, but will not have the authority to actually process any payments;  • Viewing Rights This person can have access to the Payment Account on the Platform and view activity contained therein but will not be able to input or process any payments. All Account Operators having access to the Payment Account/s will be considered as adequately and duly authorised by the Client Account Holder to use and manage (or alternatively just view) the Payment Account/s in accordance with the rights assigned in the Application Form and will legally bind the Account Holder concerned through their use of the Payment Account. Each Payment Order submitted by authorised Account Operators will be considered as approved by the Account Holder and irrevocable. In the event that an Account Holder wishes to limit or remove rights assigned to an Account Operator, the Account Holder must fill in the Account Operators Amendment Form, found on our Websitewhich is available upon request, signed by the legal representatives of the Account Holder and sent to xxxxxxxxxx@xxxxxxxxxx.xxx. All Account Operators are subject to the due diligence process and need to be identified and verified in accordance with Finductive procedures.

Account Operators. The Applicant will be required to provide us with details and verification documents of the person/s which will have access to the Payment Accounts, referred to as the Account Operators. The Applicant will then have the option to choose which one of the below administrative rights to appoint to each person.  • Single Signatory The person with this right will be able to input and process payments;  • Joint Signatory The Person marked as a joint signatory will require the authorisation of another joint signatory (or more, if so required) to process a payment;  • Inputting Rights Rights are limited to inputting payments, but will not have the authority to actually process any payments;  • Viewing Rights This person can have access to the Payment Account on the Platform and view activity contained therein but will not be able to input or process any payments. All Account Operators having access to the Payment Account/s will be considered as adequately and duly authorised by the Client Account Holder to use and manage (or alternatively just view) the Payment Account/s in accordance with the rights assigned in the Application Form and will legally bind the Account Holder concerned through their use of the Payment Account. Each Payment Order submitted by authorised Account Operators will be considered as approved by the Account Holder and irrevocable. In the event that an Account Holder wishes to limit or remove rights assigned to an Account Operator, the Account Holder must fill in the Account Operators Amendment Form, found on our Website, signed by the legal representatives of the Account Holder and sent to xxxxxxxxxx@xxxxxxxxxx.xxx.

Account Operators. The Applicant will be required to provide us with details and verification documents of the person/s which will have access to the Payment Accounts, referred to as the Account Operators. The Applicant will then have the option to choose which one of the below administrative rights to appoint to each person.  Single Signatory Signatory: The person with this right will be able to input and process payments;  payments Joint Signatory Signatory: The Person marked as a joint signatory will require the authorisation of another joint signatory (or more, if so required) to process a payment;  payment Inputting Rights Rights: Rights are limited to inputting payments, but will not have the authority to actually process any payments;  payments Viewing Rights Rights: This person can have access to the Payment Account on the Platform and view activity contained therein but will not be able to input or process any payments. All Account Operators having access to the Payment Account/s will be considered as adequately and duly authorised by the Client Account Holder to use and manage (or alternatively just view) the Payment Account/s in accordance with the rights assigned in the Application Form and will legally bind the Account Holder concerned through their use of the Payment Account. Each Payment Order submitted by authorised Account Operators will be considered as approved by the Account Holder and irrevocable. In the event that an Account Holder wishes to limit or remove rights assigned to an Account Operator, the Account Holder must fill in the Account Operators Amendment Form, found on our Websitewhich is available upon request, signed by the legal representatives of the Account Holder and sent to xxxxxxxxxx@xxxxxxxxxx.xxx. All Account Operators are subject to the due diligence process and need to be identified and verified in accordance with Finductive procedures. Business Activity The Applicant will be required to provide us with details of its business and source of funds during the Application Stage, backing them with documentation. The Applicant must ensure that the details provided correspond with the real nature of the Applicant’s business activity, which must all originate from legal and legitimate sources.