Common use of Death and Change in Legal Status Clause in Contracts

Death and Change in Legal Status. i) Individuals: we will assume that the relationship between us and the Client persists until we are notified in writing about the death of the Client upon which notification the account will be closed with immediate effect. We must be notified with a letter or similar at our address at our Headquater (e-mail or text or text messages are not acceptable and we will not act upon any such) by the person which is legally vested with the rights and obligations to act on behalf of Client’s affairs and will take instructions from him/her/them. Such person may be the heir, legatee, administrator, executor or otherwise. We shall be entitled to receive to our satisfaction such evidence, at Client’s cost, as may be required by us to establish the proper entitlement and authority of the person claiming to be in charge of acting on behalf of Client’s affairs and we shall not be bound to act upon such instructions until such time as we are satisfied of such authority. Any e-money available will be redeemed only after proper identification of the person authorised to receive the e-money available and to a bank account of such person.

Appears in 2 contracts

Samples: www.mypos.com, www.mypos.com

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Death and Change in Legal Status. i) 13.8.1. Individuals: we will assume that the relationship between us and the Client persists until we are notified in writing about the death of the Client upon which notification the account will be closed with immediate effect. We must be notified with a letter or similar at our address at our Headquater headquarters (e-mail or text or text messages are not acceptable and we will not act upon any such) by the person which is legally vested with the rights and obligations to act on behalf of Client’s affairs and will take instructions from him/her/them. Such person may be the heir, legatee, administrator, executor or otherwise. We shall be entitled to receive to our satisfaction such evidence, at Client’s cost, as may be required by us to establish the proper entitlement and authority of the person claiming to be in charge of acting on behalf of Client’s affairs and we shall not be bound to act upon such instructions until such time as we are satisfied of such authority. Any e-money available will be redeemed only after proper identification of the person authorised to receive the e-money available and to a bank account of such person.

Appears in 1 contract

Samples: www.mypos.com

Death and Change in Legal Status. i) 10.7.1 Individuals: we will assume that the relationship between us and the Client persists until we are notified in writing about the death of the Client upon which notification the account will be closed with immediate effect. We must be notified with a letter or similar at our address at our Headquater Headquarter (e-mail or text or text messages are not acceptable and we will not act upon any such) by the person which is legally vested with the rights and obligations to act on behalf of Client’s affairs and will take instructions from him/her/them. Such person may be the heir, legatee, administrator, executor or otherwise. We shall be entitled to receive to our satisfaction such evidence, at Client’s cost, as may be required by us to establish the proper entitlement and authority of the person claiming to be in charge of acting on behalf of Client’s affairs and we shall not be bound to act upon such instructions until such time as we are satisfied of such authority. Any e-money available will be redeemed only after proper identification of the person authorised to receive the e-money available and to a bank account of such person.

Appears in 1 contract

Samples: Merchant Agreement

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Death and Change in Legal Status. i) 14.8.1. Individuals: we will assume that the relationship between us and the Client persists until we are notified in writing about the death of the Client upon which notification the account will be closed with immediate effect. We must be notified with a letter or similar at our address at our Headquater headquarters (e-mail or text or text messages are not acceptable and we will not act upon any such) by the person which is legally vested with the rights and obligations to act on behalf of Client’s affairs and will take instructions from him/her/them. Such person may be the heir, legatee, administrator, executor or otherwise. We shall be entitled to receive to our satisfaction such evidence, at Client’s cost, as may be required by us to establish the proper entitlement and authority of the person claiming to be in charge of acting on behalf of Client’s affairs and we shall not be bound to act upon such instructions until such time as we are satisfied of such authority. Any e-money available will be redeemed only after proper identification of the person authorised to receive the e-money available and to a bank account of such person.

Appears in 1 contract

Samples: www.mypos.com

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