Irrevocability of a Payment Order Sample Clauses

Irrevocability of a Payment Order. The Payment Order validly given by an Account Holder is irrevocable for the Account Holder. The Account Holder will not be able to request cancellation of the Payment Order. However, Lemonway may block any Payment Order in the event of a suspected fraud or violation of anti-money laundering and combating the financing of terrorism (AML-CFT) applicable rules. Payment Orders are subject to the prior consent of the Payer or the Account Holder. In the absence of such consent, the Transaction or series of payment Transactions shall be deemed not authorised. The consent may be withdrawn by the Payer as long as the Payment Order has not acquired a character of irrevocability in accordance with the provisions of article L. 133-8 of the French Monetary and Financial Code. When the Payment Transaction is initiated by the Beneficiary or by the Payer who gives a Payment Order through the Beneficiary, the Payer cannot revoke the Payment Order after having transmitted the Payment Order to the Beneficiary or given the Beneficiary his/her consent to execute the Payment Transaction. Consent to execute a series of Payment Transactions may also be withdrawn, with the effect that any subsequent Transaction shall be deemed unauthorised.
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Irrevocability of a Payment Order. In accordance with article 5.1, a payment Order effectively issued by an Account Holder is irrevocable once the single-use code has been entered, after which the Account Holder cannot request its cancellation. It is hereby specified that the Account Holder may initiate a batch Order, including a transfer of funds by card (initiated in compliance with article 4.1 above) and a payment Order by transfer to the Payment Account of the Beneficiary selected on a given date. As explained in article 4.1, the payment Order will be deemed irrevocable as soon as the card details have been entered.
Irrevocability of a Payment Order. The payment order validly given by a Owner is irrevocable from the moment the single-use code provided for in paragraph
Irrevocability of a Payment Order. The Payment Order sufficiently given by a Customer is irrevocable given that the entry of a unique usage code conforms to 5.1, the Customer can therefore not request that it be canceled. It is detailed, that in certain cases, the Customer will be able to initiate a grouped order including a transfer of funds by cards initiated in accordance to point 4.1 above and a Payment Order by wire transfer to the Payment Account of a designated Beneficiary on a given date. The Payment Order will be considered irrevocable once the card details have been entered as described in 4.1. LEMON WAY does not carry out recurring wire transfers.
Irrevocability of a Payment Order. The Payment Order validly given by an Account Holder is irrevocable effective as of the keying of a single-use code in accordance with Article 5.1. The Account Holder will not be able to request cancellation of the Payment Order. Payment Orders must first obtain the consent of the Payer or the Account Holder. In the absence of such consent, the transaction or series of payment transactions shall be deemed not authorised. The consent may be withdrawn by the Payer as long as the Payment Order has acquired a character of irrevocability in accordance with the provisions of Article

Related to Irrevocability of a Payment Order

  • Applicability of Agreement The Developer agrees that the Lands shall be developed and used only in accordance with and subject to the terms and conditions of this Agreement.

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