Common use of Obligation to provide information and Merchant activities Clause in Contracts

Obligation to provide information and Merchant activities. 8.1 In order to execute the Agreement, the Merchant will provide all necessary information to XXXXX, on first request of XXXXX, needed to settle cross-border Mobile Payments, including, but not limited to, the data: a. Allows XXXXX, if necessary, to investigate creditworthiness, references and other relevant information about Merchant, and if such research yields unsatisfactory results, the ultimate beneficial owner of the Merchant; b. Enables XXXXX to register for each cross-border Mobile Payment, the branch code, also called Merchant Category Code or MCC, of the Merchant. The Merchant is liable for any damage resulting from the specifying and use of an incorrect branch code; c. Allows the Issuing Bank of the users of Cross-Border Mobile Payments to inform users about the Cross-Border Mobile Payments indicating, among others, the name of the Merchant. 8.2 Merchant is not, and will not, operate in the fields as listed in the Prohibited and Restricted Product List provided by Alipay. 8.3 Only for the purpose of professional and business activities as specified by Merchant in the Merchant Agreement will the Merchant make use of the services provided under the Agreement with XXXXX and V2Future. The Merchant needs to inform XXXXX in writing of any changes in respect to his company, which will affect the performance of the Agreement, by means of a XXXXX provided change form and procedure (Personal Webpage), prior to the effective change date. This applies in any case, but not exclusively, to the following situations: a. alienation, leasing, or any other form of transfer, division or termination of the business of the Merchant b. changes to the location of the point of sale of Merchant;; c. changes to or termination of the Bank Account; d. change in the nature of business of Merchant; and e. Changes in the 2PAYNOW® app used by Merchant in the context of cross-border mobile payments. Merchant is liable for all damages resulting from the failure to fulfill the information requirements listed in this article. 8.4 At the request of XXXXX the Merchant is obligated to cooperate in any investigation by or on behalf of XXXXX to manner of acceptance of Cross-Border Mobile Payments and the secrecy of data of the user of cross-border Mobile Payments. 8.5 XXXXX and V2Future are authorized to visit the premises of Merchant during working hours to inspect its work and operations, which are carried out on cross-border Mobile Payments. The visit will be informed and discussed with the Merchant in advance for a proper appointment. The Merchant will cooperate with such an inspection.

Obligation to provide information and Merchant activities. 8.1 In order to execute the Agreement, the Merchant will provide all necessary information to XXXXXSEPAY, on first request of XXXXXSEPAY, needed to settle cross-border Mobile Payments, including, but not limited to, the data: a. Allows XXXXXSEPAY, if necessary, to investigate creditworthiness, references and other relevant information about Merchant, and if such research yields unsatisfactory results, the ultimate beneficial owner of the Merchant; b. Enables XXXXX SEPAY to register for each cross-border Mobile Payment, the branch code, also called Merchant Category Code or MCC, of the Merchant. The Merchant is liable for any damage resulting from the specifying and use of an incorrect branch code; c. Allows the Issuing Bank of the users of Cross-Border Mobile Payments to inform users about the Cross-Border Mobile Payments indicating, among others, the name of the Merchant. 8.2 Merchant is not, and will not, operate in the fields as listed in the Prohibited and Restricted Product List provided by Alipay. 8.3 Only for the purpose of professional and business activities as specified by Merchant in the Merchant Agreement will the Merchant make use of the services provided under the Agreement with XXXXX SEPAY and V2Future. The Merchant needs to inform XXXXX SEPAY in writing of any changes in respect to his company, which will affect the performance of the Agreement, by means of a XXXXX SEPAY provided change form and procedure (Personal Webpage), prior to the effective change date. This applies in any case, but not exclusively, to the following situations: a. alienation, leasing, or any other form of transfer, division or termination of the business of the Merchant b. changes to the location of the point of sale of Merchant;; c. changes to or termination of the Bank Account; d. change in the nature of business of Merchant; and e. Changes in the 2PAYNOW® app used by Merchant in the context of cross-border mobile payments. Merchant is liable for all damages resulting from the failure to fulfill the information requirements listed in this article. 8.4 At the request of XXXXX SEPAY the Merchant is obligated to cooperate in any investigation by or on behalf of XXXXX SEPAY to manner of acceptance of Cross-Border Mobile Payments and the secrecy of data of the user of cross-border Mobile Payments. 8.5 XXXXX SEPAY and V2Future are authorized to visit the premises of Merchant during working hours to inspect its work and operations, which are carried out on cross-border Mobile Payments. The visit will be informed and discussed with the Merchant in advance for a proper appointment. The Merchant will cooperate with such an inspection.

Obligation to provide information and Merchant activities. 8.1 In order to execute the Agreement, the Merchant will in connection with the execution of the Agreement on first request of SEPAY provide all necessary information to XXXXX, on first request of XXXXX, SEPAY needed to settle cross-border Mobile Payments, including, including - but not limited to, exclusively - the data: a. Allows XXXXX, SEPAY if necessary, necessary to investigate creditworthiness, references and other relevant information about Merchant, and if such research yields unsatisfactory results, the ultimate beneficial owner of the Merchant; b. Enables XXXXX SEPAY to register for each cross-border Mobile Payment, the branch code, also called Merchant Category Code or MCC, of the Merchant. The Merchant is liable for any damage resulting from the specifying and use of an incorrect branch code; c. Allows the The Issuing Bank of the users of Cross-Border Mobile Payments allowing to inform users about the services Cross-Border Mobile Payments indicating, indicating among others, others the name of the Merchant. 8.2 Merchant is not, and will not, not operate in the fields as listed in the Prohibited and Restricted Product List provided by Alipay. 8.3 Only for the purpose of professional and business activities as specified by Merchant in the Merchant Agreement will the Merchant make use of the services provided under the Agreement with XXXXX SEPAY and V2Future. The Merchant needs by means of a SEPAY provided change form and procedure (Personal Pages) prior to the effective date to inform XXXXX in writing of any changes change in respect to of his company, which will affect the performance of the Agreement, by means of a XXXXX provided change form and procedure (Personal Webpage), prior to the effective change date. This applies in any case, but not exclusively, to in the following situations: a. alienation, leasing, estrangement lease or any other form of transfer, division or termination of the business of the Merchant b. changes to change the location of the point of sale of Merchant;; c. changes to amendment or termination of the Bank Account; d. change in the nature of business of Merchant; and e. Changes in amend the 2PAYNOW® app used by Merchant in the context of cross-border mobile paymentspayments 2PAYNOW® app used. Merchant is liable for all damages resulting from the failure to fulfill the information requirements listed in this article. 8.4 At the request of XXXXX SEPAY the Merchant is obligated obliged to cooperate in any an investigation by or on behalf of XXXXX to SEPAY the Acquirer in the manner of acceptance of Cross-Border Mobile Payments and the secrecy of data of the user of cross-border Mobile Payments. 8.5 XXXXX SEPAY and V2Future are is authorized to visit the premises of Merchant during working hours to inspect for inspecting its work and operations, which are carried out on cross-border Mobile Payments. The visit will be informed and discussed with the Merchant in advance for a proper appointment. The Merchant will cooperate with such an inspection.