Common use of Death of the Account Holder Clause in Contracts

Death of the Account Holder. The death of the Account Holder terminates the Framework Agreement as soon as it is brought to the attention of the Service Provider. Transactions taking place following the death are, except with the agreement of the successors or the notary in charge of the estate, considered as not having been authorised. The Payment Account will remain open for the time necessary to settle the estate and the Service Provider shall ensure the settlement of the balance with the agreement of the successors or the notary in charge of the estate.

Appears in 5 contracts

Samples: Payment Services Framework Agreement, Payment Services Framework Agreement, Payment Services Framework Agreement

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Death of the Account Holder. The death of the Account Holder terminates the Framework Agreement as soon as it is brought to the attention of the Service Provider. Transactions taking place following the death are, except with the agreement of the successors or the notary in charge of the estate, considered as not having been authorisedau- thorised. The Payment Account will remain open for the time necessary to settle the estate and the Service Provider Pro- vider shall ensure the settlement of the balance with the agreement of the successors or the notary in charge of the estate.

Appears in 2 contracts

Samples: Payment Services Framework Agreement, Payment Services Framework Agreement

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Death of the Account Holder. The death of the Account Holder terminates will bring an end to the Framework Agreement as soon as it Contract, once this is brought made aware to the attention of the Service Provider. Transactions taking place following Operations occurring from the death aretime of death, except with the agreement of the successors individual who has rights or the notary attorney in charge of the estate, will be considered as not having been authorised. The Payment Account will remain open for the time necessary to settle the estate and the Service Provider shall will ensure the settlement transfer of the balance with upon the agreement of the successors individual who has rights or the notary attorney in charge of the estate.

Appears in 1 contract

Samples: Payment Services Framework Contract

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