Common use of Card Account Clause in Contracts

Card Account. 12.2.1. For the purpose of conducting transactions with a card on the basis of Account Holder’s (Client’s) application, the Banks opens an Account (referred to as “Card Account”) to the Account Holder, prepares the card(s) and related to it servives Account Holder undertakes the liabilities to follow conditions stipulated by present Agreement for using Card Account. 12.2.2. Upon opening the Card Account the currency specified in Holder’s application and/or currencies is activated for the Card Account and is specified the main currency of the Account, this currency is main currency of Card Account. For activation of other currency (s) the Holder has to submit application in compliance with rules set by the Bank. Activation of appropriate currency for Card Account is implemented in accordance with Bank regulations. 12.2.3. The Bank is entitled to link Account of different currencies to one plastic card or to link different plastic cards to one banking Account. Priority of currencies is carried out by Account Holder. Information regarding current balance on card Accounts are displaed in card system in specified priority currency according the currency exchange rate set by National Bank of Georgia for specified day. 12.2.4. While carrying out transaction with Card Account if by payment instrumnets is available to use amounts in different currencies, the card operation is fixed (and is writting off appropriate amount) on Account foremost in currency in which the operation was conducted. If while carrying out of transaction the amount of operation exceeds the existing currency balance(or in this currency there is no balance at all) specified in payment order, the required amount will be completely writing off from the Card Account, though the negative balance will arise in specified currency in the part of unsufficien amount.Said negative balance has to be paid from the first priority currency amount by conversion in accordance with commercial exchange rate set by the Bank. If there is no sufficient balance in priority currency then the negative balance is paid from the currency amount of next priority by means of conversion in accordance with commercial exchange rate set by the Bank. 12.2.5. Transaction at Card Account is considered authorized only upon existance of payer’s consent on transaction performing (if no otherwhise is prescribed by Law of Georgia). Along with it the parties agree that for the purpose of present Agreement the consent of Client/Card Holder to transaction performing and “authorization/authorized trasnaction” meansapproval of transaction by PIN code and/or by safety code specified at the reverse side of the card and/or by completeness of requisites and/or by other mechanizm set by the Bank that is transferred to the Client/Card Holder direcly and for the confidentiality of which the client/Card Holder is responsible; for the purpose of present Agreement by “unauthorized transaction” is considered transaction that has been performed without consent of Client/Card Holder and has not been authorized.

Card Account. 12.2.1. For the purpose of conducting transactions with a card on the basis of Account Holder’s (Client’s) application, the Banks opens an Account (referred to as “Card Account”) to the Account Holder, prepares the card(s) and related to it servives Account Holder undertakes the liabilities to follow conditions stipulated by present Agreement for using Card Account. 12.2.2. Upon opening the Card Account the currency specified in Holder’s application and/or currencies is activated for the Card Account and is specified the main currency of the Account, this currency is main currency of Card Account. For activation of other currency (s) the Holder has to submit application in compliance with rules set by the Bank. Activation of appropriate currency for Card Account is implemented in accordance with Bank regulations. 12.2.3. The Bank is entitled to link Account of different currencies to one plastic card or to link different plastic cards to one banking Account. Priority of currencies is carried out by Account Holder. Information regarding current balance on card Accounts are displaed in card system in specified priority currency according the currency exchange rate set by National Bank of Georgia for specified day. 12.2.4. While carrying out transaction with Card Account if by payment instrumnets is available to use amounts in different currencies, the card operation is fixed (and is writting off appropriate amount) on Account foremost in currency in which the operation was conducted. If while carrying out of transaction the amount of operation exceeds the existing currency balance(or in this currency there is no balance at all) specified in payment order, the required amount will be completely writing off from the Card Account, though the negative balance will arise in specified currency in the part of unsufficien amount.Said negative balance has to be paid from the first priority currency amount by conversion in accordance with commercial exchange rate set by the Bank. If there is no sufficient balance in priority currency then the negative balance is paid from the currency amount of next priority by means of conversion in accordance with commercial exchange rate set by the Bank. 12.2.5. Transaction at Card Account is considered authorized only upon existance of payer’s consent on transaction performing (if no otherwhise is prescribed by Law of Georgia). Along with it the parties agree that for the purpose of present Agreement the consent of Client/Card Holder to transaction performing and “authorization/authorized trasnaction” meansapproval means approval of transaction (including transactions perfomed via e-wallet) by PIN code and/or by safety code specified at the reverse side of the card and/or by completeness of requisites and/or by other requisites of the card and/or by other mechanizm set by the Bank that is transferred to the Client/Card Holder direcly and for the confidentiality of which the client/Card Holder is responsible; ; 12.2.6. for the purpose of present Agreement by “unauthorized transaction” is considered transaction that has been performed without consent of Client/Card Holder and has not been authorized. 12.2.7. The client bears full responsibility for unauthorized transactions.