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.
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Account with Merchant’s Bank. (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.
Sample 1

Related to Account with Merchant’s Bank

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

  • 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.

  • Data Processing Agreement The Data Processing Agreement, including the Approved Data Transfer Mechanisms (as defined in the Data Processing Agreement) that apply to your use of the Services and transfer of Personal Data, is incorporated into this Agreement by this reference. Each party will comply with the terms of the Data Processing Agreement and will train its employees on DP Law.

  • Deposit Account (a) On or prior to the Closing Date, the Issuer shall cause the Servicer to establish and maintain, in the name of the Indenture Trustee, for the benefit of the Noteholders and the Certificateholders, the Deposit Account as provided in Section 5.01 of the Sale and Servicing Agreement.

  • Account Information The account balance and transaction history information may be limited to recent account information involving your accounts. Also, the availability of funds for transfer or withdrawal may be limited due to the processing time for any ATM deposit transactions and our Funds Availability Policy.

  • Custodial The District shall make its trash receptacles available during Public Access Hours. The City shall encourage community users to dispose of trash in the trash receptacles. If there is a significant increase in trash volume, the District shall notify the City’s designated employee so the City may provide custodial services necessary to keep Active Use Areas in a neat, orderly, and sanitary condition at all times during the Public Access Hours.

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