Account with Merchant’s Bank Sample Clauses

Account with Merchant’s Bank. (A) The Merchant shall designate an account, or accounts, (known as the Merchant Account) for the purpose of mada -POS transactions with The Merchant’s Bank. The Merchant confirms that it has an existing and ongoing commercial relationship with The Banque Saudi Fransi (Acquiring Bank) and further authorises The Banque Saudi Fransi (Acquiring Bank) to disclose this relationship to the banking authorities for The Merchant’s registration to mada. (B) When The Merchant designates an account for the purpose of mada POS transactions, The Merchant shall comply with the procedures laid down within the supplied rules applicable to the opening and maintenance such an account. (C) It is hereby agreed that The Merchant’s Bank may, and without liability or limit, refuse any or all transactions from, or to, the Merchant’s account with The Merchant’s Bank. It is hereby understood and agreed by the parties hereto that no liability shall be imputed upon The Banque Saudi Fransi (Acquiring Bank) for limiting or refusing any or all transactions from, or to, The Merchant’s account. (D) If, for any reason whatsoever, The Bank ceases to be an Banque Saudi Fransi (Acquiring Bank), The Merchant shall forthwith upon receipt of written notice thereof from The Bank, commence discussions with any of the other Banque Saudi Fransi (Acquiring Bank) the subject of reassignment of mada - POS transactions.
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Account with Merchant’s Bank. When The Merchant designates an account for the purpose of mada POS transactions, The Merchant shall comply with the procedures laid down within the supplied rules applicable to the opening and maintenance such an account.
Sample 1
Account with Merchant’s Bank a. The Merchant shall designate an account, or accounts, (known as the Merchant Account) for the purpose of Saudi payment- POS transactions with The Merchant’s Bank. The Merchant confirms that it has an existing and ongoing commercial relationship with The Acquiring Bank and further authorizes The Acquiring Bank to disclose this relationship to the banking authorities for The Merchant’s registration to Saudi payment. b. When The Merchant designates an account for the purpose of Saudi payment-POS transactions, The Merchant shall comply with the procedures laid down within the supplied rules applicable to the opening and maintenance of such an account. c. It is hereby agreed that The Merchant’s Bank may, and without liability or limit, refuse any or all transactions from, or to, the Merchant’s account with The Merchant’s Bank. It is hereby understood and agreed by the parties hereto that no liability shall be imputed upon The Acquiring Bank for limiting or refusing any or all transactions from, or to, The Merchant’s account. d. If, for any reason whatsoever, The Bank ceases to be an Acquiring Bank, The Merchant shall forthwith upon receipt of written notice thereof from The Bank, commence discussions with any of the other Acquiring Banks the subject of reassignment of Saudi payment-POS transactions. ﻖﻔﺗﻣﻟا ﻊﻗاوﻣﻟا وأ ﻊﻗوﻣﻟا ﻲﻓ (ﺎﮭﯾﻠﻋ ﻖﻔﺗﻣﻟا ﺔﻐﯾﺻﻟﺎﺑو ﮫﯾﻠﻋ ﻖﻔﺗﻣﻟا :لﺎﺛﻣ) ىرﺧأ تﺎﺑﻠطﺗﻣ ﺔﯾأ ﺔﯾﺑﻠﺗ مﺗﯾ نأ ﻰﻠﻋ ،رﺟﺎﺗﻟا عرﻓ ﻲﻓ ﺎﮭﯾﻠﻋ وأ /و ﻲﻧﻌﻣﻟا كﻧﺑﻟا نﯾﺑ ﺔﻛرﺗﺷﻣ ﺔﯾﻗﺎﻔﺗا لﻼﺧ نﻣ (تﻻﺎﺻﺗﻻا لﺋﺎﺳو .نﯾدﻣﺗﻌﻣﻟا ﮫﺋﻼﻛو نﻣ يأ ﺔﻌﺑﺎﺗﻟا ﻊﯾﺑﻟا مﺎظﻧ ةزﮭﺟأ رﯾﻓوﺗ فﯾرﺎﺻﻣ ﻲﻧﻌﻣﻟا كﻧﺑﻟا لﻣﺣﺗ -د ﻲﺻﻧﻟا رﺎﻌﺷﻟاو يروﺻﻟا رﺎﻌﺷﻟا كﻟذ ﻲﻓ ﺎﻣﺑ) ﺔﯾدوﻌﺳﻟا تﺎﻋوﻓدﻣﻠﻟ ﻊﺑﺎﺗﻟا ﻊﯾﺑﻟا مﺎظﻧ دﻋاوﻘﻟ ﺎًﻘﻓو (ﺔﯾﻔﯾﻘﺛﺗﻟاو ﺔﯾﺋﺎﻋدﻟا داوﻣﻟاو ﻖﯾوﺳﺗﻟاو موﺳر لودﺟ ﻲﻓ ةددﺣﻣﻟا موﺳرﻟا دادﺳ طرﺷﺑو ﺔﯾدوﻌﺳﻟا تﺎﻋوﻓدﻣﻠﻟ .ﺔﯾدوﻌﺳﻟا تﺎﻋوﻓدﻣﻟا تﺎﻋوﻓدﻣﻠﻟ ﺔﻌﺑﺎﺗﻟا ﻊﯾﺑﻟا طﺎﻘﻧ مﺎظﻧ ةزﮭﺟأ مادﺧﺗﺳﺎﺑ رﺟﺎﺗﻟا دﮭﻌﺗﯾ ﺎﻧھ .ﺔﯾدوﻌﺳﻟا تﺎﻋوﻓدﻣﻟا لﺧاد تﻼﻣﺎﻌﺗﻟا ﻲﻓ ﺔﯾدوﻌﺳﻟا ﺔﻌﺑﺎﺗﻟا ﻊﯾﺑﻟا طﺎﻘﻧ مﺎظﻧ ةزﮭﺟأ ﺔﯾﻛﻠﻣﺑ ﺔﺑﻟﺎطﻣﻟا رﺟﺎﺗﻠﻟ ﻖﺣﯾ ﻻ -أ ،رﺟﺎﺗﻟا عرﻔﺑ ﺎﮭطﺎﺑﺗرا ﺔﺟرد نﻋ رظﻧﻟا فرﺻﺑ ﺔﯾدوﻌﺳﻟا تﺎﻋوﻓدﻣﻠﻟ تﺎﻋوﻓدﻣﻠﻟ ﺔﻌﺑﺎﺗﻟا ﻊﯾﺑﻟا مﺎظﻧ ةزﮭﺟأ ةدﺎﻋإ ﻰﻠﻋ رﺟﺎﺗﻟا ﻖﻓاوﯾو ﻖﯾوﺳﺗﻟا لﺋﺎﺳوو رﺎﻌﺷﻟا كﻟذ ﻲﻓ ﺎﻣﺑ ﻲﻧﻌﻣﻟا كﻧﺑﻟا ﻰﻟإ ﺔﯾدوﻌﺳﻟا ءﺎﮭﺗﻧا دﻧﻋ ﻲﻧﻌﻣﻟا كﻧﺑﻟا نﻣ ﻲطﺧ بﻠط بﺟوﻣﺑ كﻟذو ﺔﯾﺋﺎﻋدﻟا داوﻣﻟاو .ﺔﯾﻗﺎﻔﺗﻻا هذھ دﻣأ تﺎﻋوﻓدﻣﻠﻟ ﺔﻌﺑﺎﺗﻟا ﻊﯾﺑﻟا طﺎﻘﻧ مﺎظﻧ ةزﮭﺟأ ﻰﻠﻋ ﺔظﻓﺎﺣﻣﻟﺎﺑ رﺟﺎﺗﻟا دﮭﻌﺗﯾ -ب طﺎﻘﻧ ةزﮭﺟﺄﺑ سﺎﺳﻣ يأ ﻊﻧﻣﻟ ﺔﻣزﻼﻟا تاءارﺟﻹا ذﺎﺧﺗاو ﺔﯾدوﻌﺳﻟا حﺎﻣﺳﻟا وأ ثﺑﻌﻟا مدﻌﺑ دﮭﻌﺗﯾ ﺎﻣﻛ ،ﺔﯾدوﻌﺳﻟا تﺎﻋوﻓدﻣﻠﻟ ﺔﻌﺑﺎﺗﻟا ﻊﯾﺑﻟا نﻋ ﻲﻠﺧﺗﻟا رﺟﺎﺗﻠﻟ زوﺟﯾ ﻻو ،لﻛﺷ يﺄﺑ ةزﮭﺟﻷا هذﮭﺑ ثﺑﻌﻟﺎﺑ نﯾرﺧﻵ ﻲﻓ ﺎﻣﺑ ﺔﯾدوﻌﺳﻟا تﺎﻋوﻓدﻣﻠ...
Sample 1
Account with Merchant’s Bank. (A) The Merchant shall designate an account, or accounts, (known as the Merchant Account) for the purpose of mada -POS transactions with The Merchant’s Bank. The Merchant confirms that it has an existing and ongoing commercial relationship with The Acquiring Bank and further authorises The Acquiring Bank to disclose this relationship to the banking authorities for The Merchant’s registration to mada. (B) When The Merchant designates an account for the purpose of mada POS transactions, The Merchant shall comply with the procedures laid down within the supplied rules applicable to the opening and maintenance such an account. (C) It is hereby agreed that The Merchant’s Bank may, and without liability or limit, refuse any or all transactions from, or to, the Merchant’s account with The Merchant’s Bank. It is hereby understood and agreed by the parties hereto that no liability shall be imputed upon The Acquiring Bank for limiting or refusing any or all transactions from, or to, The Merchant’s account. (D) If, for any reason whatsoever, The Bank ceases to be an Acquiring Bank, The Merchant shall forthwith upon receipt of written notice thereof from The Bank, commence discussions with any of the other Acquiring Banks the subject of reassignment of mada - POS transactions.
Sample 1

Related to Account with Merchant’s Bank

  • Agreements with Foreign Banking Institutions Each agreement with a foreign banking institution shall provide that: (a) the assets of each Portfolio will not be subject to any right, charge, security interest, lien or claim of any kind in favor of the foreign banking institution or its creditors or agent, except a claim of payment for their safe custody or administration; (b) beneficial ownership for the assets of each Portfolio will be freely transferable without the payment of money or value other than for custody or administration; (c) adequate records will be maintained identifying the assets as belonging to each applicable Portfolio; (d) officers of or auditors employed by, or other representatives of the Custodian, including to the extent permitted under applicable law the independent public accountants for the Fund, will be given access to the books and records of the foreign banking institution relating to its actions under its agreement with the Custodian; and (e) assets of the Portfolios held by the foreign sub-custodian will be subject only to the instructions of the Custodian or its agents.

  • Merchant has the power and authority to authorize the automatic funds transfer provided for in the Merchant Agreement;

  • Deposit Account Control Agreement control agreement satisfactory to Agent executed by an institution maintaining a Deposit Account for an Obligor, to perfect Agent’s Lien on such account.

  • Depository Accounts Except to the extent that Manager has not complied with its obligations under Sections 2.4 and 5.2, Owner and Manager agree that Manager shall have no liability for loss of funds of Owner contained in the bank accounts for the Property maintained by Owner or Manager pursuant to this Agreement due to insolvency of the bank or financial institution in which its accounts are kept, whether or not the amounts in such accounts exceed the maximum amount of federal or other deposit insurance applicable with respect to the financial institution in question.

  • Lockbox The Secured Party may, by notice to the Debtor, require the Debtor to direct each of its account debtors to make payments due under the relevant account or chattel paper directly to a special lockbox to be under the control of the Secured Party. The Debtor hereby authorizes and directs the Secured Party to deposit all checks, drafts and cash payments received in said lockbox into the collateral account established as set forth above.

  • Deposit Account Control Agreements the Deposit Account control agreements to be executed by each institution maintaining a Deposit Account for an Obligor, in favor of Agent, for the benefit of Secured Parties, as security for the Obligations.

  • Bank The Buyer (a) is a national bank or banking institution organized under the laws of any State, territory or the District of Columbia, the business of which is substantially confined to banking and is supervised by the State or territorial banking commission or similar official or is a foreign bank or equivalent institution, and (b) has an audited net worth of at least $25,000,000 as demonstrated in its latest annual financial statements, a copy of which is attached hereto.

  • Account Control Agreements Account Control Agreements for all of Borrower’s deposit accounts and accounts holding securities duly executed by all of the parties thereto, in the forms provided by or reasonably acceptable to Lender.

  • Control Agreement A control agreement (the “Custodian Control Agreement”), duly executed and delivered by the Borrower, the Administrative Agent and State Street Bank and Trust Company.

  • Account Agreement Lender shall have received the original of the Account Agreement executed by each of Cash Management Bank and Borrower.

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