Authorised Transactions Sample Clauses

Authorised Transactions. The Account Holder must ensure each Cardholder Account has sufficient funds or credit limits in place to cover transactions performed using the Card. All transactions will need to be authorised by us before they can proceed. For example, if a Cardholder uses their Card to purchase goods or services, prior to any transaction being completed, the merchant involved in the transaction may obtain an authorisation for the transaction. The purpose of this authorisation is to confirm that there are sufficient funds available for the transaction. This authorisation may be completed at a later time such as for hotel accommodation and car hire. We reserve the right to refuse a transaction done using the Card if there are insufficient funds in the Cardholder Account to cover the transaction. The Cardholder agrees that we can debit the Cardholder Account for all transactions done using the Card. The Cardholder can authorise transactions by: (a) using the Card alone or together with the PIN; or (b) presenting the Card to a Merchant and signing a voucher or other documentation acceptable to us authorising the Transaction; or (c) providing the Card Details to a Merchant to whom payment is to be made; or (d) performing Touch & Go transactions below K50.00. When the Cardholder authorises a Transaction, the Cardholder confirms the validity of the Transaction.
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Authorised Transactions. 2.1 Each of the Schedules specified below shall only apply if the Merchant has been authorised by the Bank in writing (whether in the Merchant Application Form or otherwise) to effect and complete the type of Transaction corresponding to the relevant Schedule: 2.1.1 for the Card Present Transactions Schedule, CP Transactions; 2.1.2 for the Card Present IPP Transactions Schedule, CP IPP Transactions; 2.1.3 for the Card-Not-Present Transactions Schedule, CNP Transactions; 2.1.4 for the Card-Not-Present IPP Transactions Schedule, CNP IPP Transactions; 2.1.5 for the Recurring Transactions Schedule, Recurring Transactions; 2.1.6 for the PayLah! Transactions Schedule, PayLah! Transactions; and 2.1.7 for the DBS Payment Methods Transactions Schedule, DBS Payment Methods Transactions. 2.2 The Merchant shall ensure that the relevant Schedule(s) corresponding to the type(s) of Transactions which the Merchant has been authorised by the Bank in writing to effect and complete, accompany or are attached to the General Conditions.
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Authorised Transactions. Any Shares disposed of by an "authorised transaction" within the meaning of the Securities Transfer Act 1991 may be transferred by an instrument of transfer complying with the provisions of that Act or by an instrument complying with clause 11.4.
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Authorised Transactions. You must ensure that your account has sufficient funds or credit limits in place to cover transaction performed using your card. All transactions need to be approved by BSP before they can proceed. For example, if a cardholder uses their card to purchase goods or services, prior to any transaction being completed, the merchant involved in the transaction may obtain an authorisation for the transaction. The purpose of this authorisation is to confirm that there are sufficient funds available for the transaction. This authorisation may be completed at a later time such as for hotel accommodation and car hire. We reserve the right to refuse a transaction done using the Card if there are insufficient funds in the account to cover the transaction. You agree that BSP can debit your Account with all transactions done using your Card. You can authorise transaction by: • using your Card alone or together with your PIN, • presenting your Card to a Merchant and signing a voucher or other documentation acceptable to us authorising the transaction • providing your Card Details to a Merchant or to any other party to whom payment is to be made, either directly or via a third party, in a manner acceptable to BSP • arranging an electronic debit, such as a recurring transaction or periodical payment to be paid directly from your Account. When you authorise a Transaction, you confirm the validity of the transaction.
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Related to Authorised Transactions

  • Limited Condition Transactions (a) In connection with any action being taken in connection with a Limited Condition Transaction, for purposes of (i) determining compliance with any provision of this Agreement which requires the calculation of the First Lien Leverage Ratio, the Secured Leverage Ratio, the Total Leverage Ratio, the Interest Coverage Ratio or any other financial ratio; or (ii) testing availability under baskets set forth in this Agreement (including baskets measured as a percentage of Consolidated Total Assets or Consolidated EBITDA, if any), in each case, at the option of the Borrower (the Borrower’s election to exercise such option in connection with any Limited Condition Transaction, an “LCT Election”), the date of determination of whether any such transaction is permitted hereunder shall be deemed to be the date (the “LCT Test Date”), (x) the definitive agreement for such Limited Condition Transaction is entered into (or, in respect of any transaction described in clause (ii) of the definition of “Limited Condition Transaction,” delivery of irrevocable notice, declaration of dividend or similar event), and not at the time of consummation of such Limited Condition Transaction or (y) solely in connection with an acquisition to which the United Kingdom City Code on Takeovers and Mergers applies (or similar law in another jurisdiction), the date on which a “Rule 2.7 announcement” of a firm intention to make an offer (or equivalent announcement in another jurisdiction) (a “Public Offer”) in respect of a target of such acquisition, and if, after giving pro forma effect to the Limited Condition Transaction and the other transactions to be entered into in connection therewith (including any incurrence of Indebtedness and the use of proceeds thereof) as if they had occurred at the beginning of the most recent test period ending prior to the LCT Test Date, the Borrower could have taken such action on the relevant LCT Test Date in compliance with such ratio or basket, such ratio or basket shall be deemed to have been complied with. (b) For the avoidance of doubt, if the Borrower has made an LCT Election and any of the ratios or baskets for which compliance was determined or tested as of the LCT Test Date are exceeded as a result of fluctuations in any such ratio or basket, including due to fluctuations in Consolidated Total Assets or Consolidated EBITDA on a consolidated basis or the Person subject to such Limited Condition Transaction, at or prior to the consummation of the relevant transaction or action, such baskets or ratios will not be deemed to have been exceeded as a result of such fluctuations solely for purposes of determining whether the relevant transaction or action is permitted to be consummated or taken; provided that if such ratios or baskets improve as a result of such fluctuations, such improved ratios and/or baskets may be utilized. If the Borrower has made an LCT Election for any Limited Condition Transaction, then in connection with any subsequent calculation of any ratio or basket availability with respect to the incurrence of Indebtedness or Liens, or the making of Restricted Payments, mergers, the conveyance, lease or other transfer of all or substantially all of the assets of the Borrower, the prepayment, redemption, purchase, defeasance or other satisfaction of Indebtedness, or the designation of an Unrestricted Subsidiary on or following the relevant LCT Test Date and prior to the earlier of the date on which such Limited Condition Transaction is consummated or the definitive agreement for such Limited Condition Transaction is terminated or expires (or, if applicable, the irrevocable notice, declaration of dividend or similar event is terminated or expires or, as applicable, the offer in respect of a Public Offer for, such acquisition is terminated) without consummation of such Limited Condition Acquisition, any such ratio or basket shall be tested by calculating the availability under such ratio or basket on a Pro Forma Basis assuming such Limited Condition Transaction and other transactions in connection therewith have been consummated (including any incurrence of Indebtedness and any associated Lien and the use of proceeds thereof; provided that Consolidated Interest Expense for purposes of the Interest Coverage Ratio will be calculated using an assumed interest rate based on the indicative interest margin contained in any financing commitment documentation with respect to such Indebtedness or, if no such indicative interest margin exists, as reasonably determined by the Borrower in good faith). (c) In connection with any action being taken in connection with a Limited Condition Transaction, for purposes of determining compliance with any provision of this Agreement which requires that no Default, Event of Default or Specified Event of Default, as applicable, has occurred, is continuing or would result from any such action, as applicable, such condition shall, at the option of the Borrower, be deemed satisfied, so long as no Default, Event of Default or Specified Event of Default, as applicable, exists on the date the definitive agreements for such Limited Condition Transaction are entered into. For the avoidance of doubt, if the Borrower has exercised its option under this Section 1.10, and any Default, Event of Default or Specified Event of Default occurs following the date the definitive agreements for the applicable Limited Condition Transaction were entered into and prior to the consummation of such Limited Condition Transaction, any such Default, Event of Default or specified Event of Default shall be deemed to not have occurred or be continuing for purposes of determining whether any action being taken in connection with such Limited Condition Transaction is permitted hereunder.

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