Common use of CO Debit Transaction Agreement, etc Clause in Contracts

CO Debit Transaction Agreement, etc. When you have entered your PIN under Paragraph (1) of Article 2, an agreement to pay the Payment Liability through a direct debit from your deposit account (hereinafter referred to as the “CO Debit Transaction Agreement”) shall be concluded between the Merchant, and it shall be considered that an instruction for withdrawing an amount corresponding to the Payment Liability has been made and repayment of the Payment Liability with the deposit withdrawn based on the instruction has been entrusted to the Bank, with the Terminal’s failure to display an electronic message confirming account transfer as the condition for cancellation. This deposit withdrawal instruction does not require submission of a refund request.

Appears in 9 contracts

Samples: Customer Agreement, Customer Agreement, Customer Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!