Common use of OBJECT OF THE CONTRACT Clause in Contracts

OBJECT OF THE CONTRACT. 2.1. This Contract regulates the services provided by the Bank for the current Account and other accounts, such as collections and payments in cash and by bank transfers, foreign exchange and other operations / services as they are described in this Contract or as they will be agreed with the Customer in special contracts. 2.2. This Contract applies to all types of accounts and services performed thereby and shall be completed with the specific contracts of these accounts / services. 2.3. In this Contract, the phrase "payment operations within the scope of the Law on payment services" shall have the meaning laid down by the Law on payment services, being represented by: (i) payment operations in the currency of a Member State, if both the payer's payment service provider and the payee's payment service provider are located in a Member State, or if the sole payment service provider involved in the payment operation is located in the European Union or in the European Economic Area; (ii) payment operations in a currency that is not the currency of a Member State, if both the payer's payment service provider and the payee's payment service provider are located in a Member State, or if the sole payment service provider involved in the operation is located in a Member State, related to the parts in the payment operation that are performed in a Member State; (iii) payment operations in all currencies, if only one of the payment service providers is located in a Member State, with regard to the parts in the payment operation that are performed in a Member State. 2.4. Within this Contract, the phrase "payment services" shall have the meaning laid down under the Law on payment services, as follows: a) services allowing the deposit of cash in a payment account, as well as all the operations required for the operation of a payment account; b) services allowing the withdrawal of cash from a payment account, as well as all the operations required for the operation of a payment account; c) performance of the following payment operations, if the funds are not covered by a credit line: direct debits, including individual direct debits, payment operations using a payment card or similar device, transfer-credit operations, including operations with scheduled payment orders; d) performance of the following payment operations, if the funds are covered by a credit line opened for a payment service user: direct debits, including individual direct debits, payment operations using a payment card or similar device, transfer-credit operations, including scheduled payment orders; e) issue of payment instruments and/or acceptance of payment operations; f) remittance of money; g) payment initiation services; h) account-related information services. 2.5. The Bank reserves the right to reconsider the relationship with the Customer when the latter requests/accesses any product/service associated to the Current Account, including by refusing to provide the respective product/service, if the Customer does not provide the substantiating documents / statements and/or information requested by the Bank, it provides information and/or documents that are false or are suspected to be false and/or incomplete, and in any situations where the Bank must take such measures, in order to comply with the applicable legal provisions, according to the specific contract. 2.6. This Contract does not cover the payments made towards the Bank, in its capacity of payee, when the Bank does not act as a payment service provider.

OBJECT OF THE CONTRACT. 2.1. This Contract regulates the services provided by the Bank for the current Account and other accounts, such as collections and payments in cash and by bank transfers, foreign exchange and other operations / services as they are described in this Contract or as they will be agreed with the Customer in special contracts. 2.2. This Contract applies to all types of accounts and services performed thereby and shall be completed with the specific contracts of these accounts / services. 2.3. In this Contract, the phrase "payment operations within the scope of the Law on payment services" shall have the meaning laid down by the Law on payment services, being represented by: (i) payment operations in the currency of a Member State, if both the payer's payment service provider and the payee's payment service provider are located in a Member State, or if the sole payment service provider involved in the payment operation is located in the European Union or in the European Economic Area; (ii) payment operations in a currency that is not the currency of a Member State, if both the payer's payment service provider and the payee's payment service provider are located in a Member State, or if the sole payment service provider involved in the operation is located in a Member State, related to the parts in the payment operation that are performed in a Member State;payment (iii) payment operations in all currencies, if only one of the payment service providers is located in a Member State, with regard to the parts in the payment operation that are performed in a Member State. 2.4. Within this Contract, the phrase "payment services" shall have the meaning laid down under the Law on payment services, as follows: a) services allowing the deposit of cash in a payment account, as well as all the operations required for the operation of a payment account; b) services allowing the withdrawal of cash from a payment account, as well as all the operations required for the operation of a payment account; c) performance of the following payment operations, if the funds are not covered by a credit line: direct debits, including individual direct debits, payment operations using a payment card or similar device, transfer-credit operations, including operations with scheduled payment orders; d) performance of the following payment operations, if the funds are covered by a credit line opened for a payment service user: direct debits, including individual direct debits, payment operations using a payment card or similar device, transfer-credit operations, including scheduled payment orders; e) issue of payment instruments and/or acceptance of payment operations; f) remittance of money; g) payment initiation services; h) account-related information services. 2.5. The Bank reserves the right to reconsider the relationship with the Customer when the latter requests/accesses any product/service associated to the Current Account, including by refusing to provide the respective product/service, if the Customer does not provide the substantiating documents / statements and/or information requested by the Bank, it provides information and/or documents that are false or are suspected to be false and/or incomplete, and in any situations where the Bank must take such measures, in order to comply with the applicable legal provisions, according to the specific contract. 2.6. This Contract does not cover the payments made towards the Bank, in its capacity of payee, when the Bank does not act as a payment service provider.

OBJECT OF THE CONTRACT. 2.1. This Contract regulates the services provided by the Bank for the current Account and other accounts, such as collections and payments in cash and by bank transfers, foreign exchange and other operations / services as they are described in this Contract or as they will be agreed with the Customer in special contracts. 2.2. This Contract applies to all types of accounts and services performed thereby and shall be completed with the specific contracts of these accounts / services. 2.3. In this Contract, the phrase "payment operations within the scope of the Law on payment services" shall have the meaning laid down by the Law on payment services, being represented by: (i) payment operations in the currency of a Member State, if both the payer's payment service provider and the payee's payment service provider are located in a Member State, or if the sole payment service provider involved in the payment operation is located in the European Union or in the European Economic Area; (ii) payment operations in a currency that is not the currency of a Member State, if both the payer's payment service provider and the payee's payment service provider are located in a Member State, or if the sole payment service provider involved in the operation is located in a Member State, related to the parts in the payment operation that are performed in a Member State;payment (iii) payment operations in all currencies, if only one of the payment service providers is located in a Member State, with regard to the parts in the payment operation that are performed in a Member State. 2.4. Within this Contract, the phrase "payment services" shall have the meaning laid down under the Law on payment services, as follows: a) services allowing the deposit of cash in a payment account, as well as all the operations required for the operation of a payment account; b) services allowing the withdrawal of cash from a payment account, as well as all the operations required for the operation of a payment account; c) performance of the following payment operations, if the funds are not covered by a credit line: direct debits, including individual direct debits, payment operations using a payment card or similar device, transfer-credit operations, including operations with scheduled payment orders; d) performance of the following payment operations, if the funds are covered by a credit line opened for a payment service user: direct debits, including individual direct debits, payment operations using a payment card or similar device, transfer-credit operations, including scheduled payment orders; e) issue of payment instruments and/or acceptance of payment operations; f) remittance of money; g) payment initiation services; h) account-related information services. 2.5. The Bank reserves the right to reconsider the relationship with the Customer when the latter requests/accesses any product/service associated to the Current Account, including by refusing to provide the respective product/service, if the Customer does not provide the substantiating documents / statements and/or information requested by the Bank, it provides information and/or documents that are false or are suspected to be false and/or incomplete, and in any situations where the Bank must take such measures, in order to comply with the applicable legal provisions, according to the specific contract. 2.6. This Contract does not cover the payments made towards the Bank, in its capacity of payee, when the Bank does not act as a payment service provider.