Receiver’s obligation Sample Clauses
The 'Receiver’s obligation' clause defines the specific duties and responsibilities that the party designated as the receiver must fulfill under the agreement. This may include requirements such as accepting delivery of goods, making timely payments, or providing necessary information or access to the sender. For example, in a supply contract, the receiver might be obligated to inspect and confirm receipt of products within a certain timeframe. The core function of this clause is to clearly outline what is expected from the receiver, thereby ensuring accountability and reducing the risk of disputes over performance or compliance.
Receiver’s obligation. The Receiver shall allow the SP electronic access to such of the Receiver’s prepayment data and information as is required by the SP to operate the iPay Prepaid system.
Receiver’s obligation. The Receiver hereby agrees and undertakes: -
3.1 to use the SP’s revenue collection system to collect Payments;
Receiver’s obligation. The Receiver hereby agrees and undertakes:-
3.1 to use the iPay System to collect Payments;
3.2 to direct customer queries to the SP and to advise the Receiver’s customers not to raise queries with any Collectors; and
Receiver’s obligation. THE BENEFICIARY/BUYER, WITH FULL CORPORATE AND LEGAL RESPONSIBILITIES, AND UNDER PENALTY OF PERJURY, CONFIRMS THAT HE IS FULLY AWARE OF HIS FINANCIAL ABILITY AND FACILITIES WITH HIS BANK WHEN SIGNING THIS LOI AND/OR OTHER AGREEMENTS AND DOCUMENTS WITH THE PROVIDER. THE BENEFICIARY/BUYER FURTHER CONFIRMS THAT THE PROVIDER IS AUTHORIZED TO VERIFY THE FUNDS OF EACH TRANCHE OF THE CONTRACT WITH HIS BANK, IF NECESSARY. IN THE EVENT OF UNSATISFACTORY VERIFICATION, THE TRANSACTION WILL BE SUSPENDED IMMEDIATELY AND THE RECEIVER IS IN BREACH OF THE CONTRACT AND LIABLE FOR LEGAL CONSEQUENCES.
Receiver’s obligation. 3.1 The Receiver shall comply with the Ontec Receiver Technical Specifications insofar as they relate to the implementation and installation of Ontec Prepaid and installation of Receiver Receiving Terminals.
3.2 Any cost incurred in complying with paragraph 3.1 above shall be borne by the Receiver.
3.3 The Receiver shall allow Ontec electronic access to such of the Receiver’s prepayment data and information as is required by Ontec to operate the Ontec Prepaid system. The following Data Management and TID Implementation Services will be provided by Ontec to the Municipality according to the following restrictive list of activities. Any other activity related to Data Management and TID Implementation Services will be out of the scope of this Agreement:
Receiver’s obligation. The Receiver hereby agrees and undertakes:
5.1 to use the Ontec System to collect Payments;
5.2 to comply with and adhere to the Ontec Receiver Technical Specifications;
5.3 to deal with Receiver’s customer queries and to advise the Receiver’s customers not to raise queries with any Collector or with Ontec, but to direct such queries to the Receiver; and
5.4 should a Collector instruct Ontec to reverse a Payment, which payment has in error been transferred via EFT to the Receiver (e.g.: that the error has arisen due to a technical problem or a duplication of Transaction Data resulting in the Receiver receiving a payment to which it is not entitled), Ontec shall immediately initiate a reversal or refund with the Receiver. The Receiver undertakes to do whatsoever may be necessary to ensure in such successful reversal or refund by hereby authorising Ontec to debit the Receiver’s Nominated Bank Account via EFT with the appropriate amount;
5.5 to reimburse Ontec, in respect of payments made to the Collector by a Receiver’s customer using a credit or debit card;