Common use of myPOS Account Clause in Contracts

myPOS Account. Client cannot use myPOS Service for personal use and Client cannot be a consumer under this Agreement. myPOS Account (including account for e-money and the Reserve account) is not a consumer account. myPOS Account is always a business account, used for business or professional purposes, which are different from the consumer purposes. The Client may have accounts in the same currency or different currencies, supported by us. The Client shall not open or use the account for personal, family, or household purposes. i) In case Client is eligible and has more than one E-money account we will visualise for Client’s convenience the total amount of all available balances held by Client in the primary currency selected by the Client in accordance with the applicable exchange rate applied by us. The claim of the Client for its Balance of e-money against us is only equal to the amount of electronic money in the respective currency, which we have issued and is subject to this Agreement. ii) Set-off. The Client agrees that myPOS Service may set-off any of the amounts held in Client’s e-money accounts or currency balances held or controlled by Client with any fees, charges or other amounts Client owes to any of the myPOS Group of companies. In simple terms, our right to set-off means that we may deduct such fees, charges or other amounts due by Client under this Agreement or the other legal agreements with different financial institutions for myPOS Account from any of the account balances held or controlled by the Client. If such set-off includes a currency conversion we will convert the amount that the Client owes according to our currency exchange rate for the date of the operation. iii) Client is solely responsible for all risks associated with maintaining Balances and e-money accounts in multiple currencies (including, without limitation, the risk that the value of these Balances will fluctuate as exchange rates change, which over time may result in a significant decrease in the value of the Balances). The Client agrees that Client will not attempt to use multiple currencies for speculative trading. iv) Security Interest. To secure Client’s performance of this Agreement, Client grants to us a legal claim against the funds in Client’s Account as security for any amount Client may owe to us. This is known in legal terms as a “lien” on and “security interest” in Account of the Client.

myPOS Account. Client cannot use myPOS Service for personal use and Client cannot be a consumer under this Agreement. myPOS Account (including account for e-money and the Reserve account) is not a consumer account. myPOS Account is always a business account, used for business or professional purposes, which are different from the consumer purposes. The Client may have accounts in the same currency or different currencies, supported by us. The Тhe Client shall attests that Client is not open or use opening and/or using the account primarily for personal, family, or household purposes. i) In case Client is eligible and has more than one E-money account account, provided by the Financial Institution we will visualise visualize for Client’s convenience the total amount of all available balances held by Client in the Financial Institution in the primary currency selected by the Client in accordance with the applicable exchange rate applied by us. The claim of the Client for its Balance of e-money against us is only equal to the amount of electronic money in the respective currency, which we have issued and is subject to this Agreement. ii) Set-off. The Client agrees that myPOS Service may set-off any of the amounts held in Client’s e-money accounts or currency balances held or controlled by Client with any fees, charges or other amounts Client owes to any of the myPOS Group of companies. In simple terms, our right to set-off means that we may deduct such fees, charges or other amounts due by Client under this Agreement or the other legal agreements with different financial institutions Financial Institution for myPOS Account from any of the account balances held or controlled by the Client. If such set-off includes a currency conversion we will convert the amount that the Client owes according to our currency exchange rate for the date of the operation. iii) Client is solely responsible for all risks associated with maintaining Balances and e-money accounts in multiple currencies (including, without limitation, the risk that the value of these Balances will fluctuate as exchange rates change, which over time may result in a significant decrease in the value of the Balances). The Client agrees that Client will not attempt to use multiple currencies for speculative trading. iv) Security Interest. To secure Client’s performance of this Agreement, Client grants to us a legal claim against the funds in Client’s Account as security for any amount Client may owe to us. This is known in legal terms as a “lien” on and “security interest” in Account of the Client.

myPOS Account. Client cannot use myPOS Service for personal use and Client cannot be a consumer under this Agreement. myPOS Account (including account for e-money and the Reserve account) is not a consumer account. myPOS Account is always a business account, used for business or professional purposes, which are different from the consumer purposes. The Client may have accounts in the same currency or different currencies, supported by us. The Client attests that it shall not open or use the account for personal, family, or household purposes. i) In case Client is eligible and has more than one E-money account we will visualise for Client’s convenience the total amount of all available balances held by Client in the primary currency selected by the Client in accordance with the applicable exchange rate applied by us. The claim of the Client for its Balance of e-money against us is only equal to the amount of electronic money in the respective currency, which we have issued and is subject to this Agreement. ii) Set-off. The Client agrees that myPOS Service may set-off any of the amounts held in Client’s e-money accounts or currency balances held or controlled by Client with any fees, charges or other amounts Client owes to any of the myPOS Group of companies. In simple terms, our right to set-off means that we may deduct such fees, charges or other amounts due by Client under this Agreement or the other legal agreements with different financial institutions for myPOS Account from any of the account balances held or controlled by the Client. If such set-off includes a currency conversion we will convert the amount that the Client owes according to our currency exchange rate for the date of the operation. iii) Client is solely responsible for all risks associated with maintaining Balances and e-money accounts in multiple currencies (including, without limitation, the risk that the value of these Balances will fluctuate as exchange rates change, which over time may result in a significant decrease in the value of the Balances). The Client agrees that Client will not attempt to use multiple currencies for speculative trading. iv) Security Interest. To secure Client’s performance of this Agreement, Client grants to us a legal claim against the funds in Client’s Account as security for any amount Client may owe to us. This is known in legal terms as a “lien” on and “security interest” in Account of the Client.

myPOS Account. Client cannot use myPOS Service for personal use and Client cannot be a consumer under this Agreement. myPOS Account (including account for e-money and the Reserve account) is not a consumer account. myPOS Account is always a business account, used for business or professional purposes, which are different from the consumer purposes. The Client may have accounts in the same currency or different currencies, supported by us. The Тhe Client shall attests that Client is not open or use opening and/or using the account primarily for personal, family, or household purposes. i) In case Client is eligible and has more than one E-money account we will visualise for Client’s convenience the total amount of all available balances held by Client in the primary currency selected by the Client in accordance with the applicable exchange rate applied by us. The claim of the Client for its Balance of e-money against us is only equal to the amount of electronic money in the respective currency, which we have issued and is subject to this Agreement. ii) Set-off. The Client agrees that myPOS Service may set-off any of the amounts held in Client’s e-money accounts or currency balances held or controlled by Client with any fees, charges or other amounts Client owes to any of the myPOS Group of companies. In simple terms, our right to set-off means that we may deduct such fees, charges or other amounts due by Client under this Agreement or the other legal agreements with different financial institutions for myPOS Account from any of the account balances held or controlled by the Client. If such set-off includes a currency conversion we will convert the amount that the Client owes according to our currency exchange rate for the date of the operation. iii) Client is solely responsible for all risks associated with maintaining Balances and e-money accounts in multiple currencies (including, without limitation, the risk that the value of these Balances will fluctuate as exchange rates change, which over time may result in a significant decrease in the value of the Balances). The Client agrees that Client will not attempt to use multiple currencies for speculative trading. iv) Security Interest. To secure Client’s performance of this Agreement, Client grants to us a legal claim against the funds in Client’s Account as security for any amount Client may owe to us. This is known in legal terms as a “lien” on and “security interest” in Account of the Client.