Corporate Opt-out. Corporate Customer agrees that articles 62(1), 64(3), 64(4), 72, 74, 76, 77, 80, 89, and timeframe of article 71 of the Payment Services Law shall not apply to these GTC, Agreement pursuant GTC, Additional Terms, and that the relevant provisions of these GTC and/or those of any other Additional Terms, supplementing terms and documents shall prevail.
Corporate Opt-out. 27.1 In the event your enterprise does not fall within one of the following categories: Consumer; Micro-Enterprise; or Small Charity, you hereby agree that to the extent required by applicable laws and/or regulations the requirements under Part 6 (including all information requirements) and Regulation 77 (customer’s liability for unauthorised payment transactions) of the Payment Services Regulations 2017 do not apply to this Agreement.
Corporate Opt-out. 17.1. The Parties agree that, to the extent permitted by and pursuant to regulations 40(7) and 63(5) of the PSRs:
17.1.1. the information requirements set out in the provisions of Part 6 of the PSRs do not apply and IFX will provide to the Customer only such information as required under this Agreement.
17.1.2. the obligations set out in regulations 66(1) (charges), 67(3) and67(4) (withdrawal of consent), 75 (evidence on authentication and execution), 77 (payer or payee’s liability for unauthorized transactions), 79 (refunds for direct debits), 80 (requests for direct debit refunds), 83 (revocation of a payment order), 91 (defective execution of payer-initiated transactions), 92 (defective execution of payee-initiated transactions) and 94 (liability for charges and interest) of Part 7 of the PSRs shall be disapplied in relation to this Agreement and IFX’s obligations to the Customer in relation to any Payment Instructions under the PSRs will be governed by the terms set out in this Agreement.
17.1.3. In accordance with clause 4.1.1, the maximum time period by which you must have notified IFX of any unauthorised or incorrectly executed Payment Transaction (for the purposes of regulation 74(1) of the PSRs) shall be the period of five (5) Business Days after the date of the relevant transaction rather than the period of 13 months specified in regulation 74(1).
Corporate Opt-out. 3.1 You acknowledge and agree that you are not a consumer and that you will use the Verto Services solely for business purposes.
3.2 If you are a Micro-enterprise all terms of this Agreement shall apply to you. If you are not a Micro-enterprise at the time of entering into this Agreement, or if you stop being a Micro-enterprise at any stage during the term of this Agreement, you agree that, to the fullest extent permitted by Applicable Law, any provisions of
Corporate Opt-out. Pursuant to regulations 40(7) and 63(5)(a) PSR, the parties agree that: (i) Part 6 PSR and regulations 66(1), 67(3), 67(4), 75, 77, 79, 80, 83, 91, 92 and 94 ofPart 7 PSR do not apply to this Agreement; and (ii) to the extent any part ofthe Services, or any other additional Services are or become subject to regulation 74( I) ofPSR the applicable notification time period is six months.
