Common use of Revocation of Payment Orders Clause in Contracts

Revocation of Payment Orders. You may not revoke: (a) a Payment Order which has been initiated through a Payment Initiation Service Provider, without our written consent; (b) a Payment Order initiated in any way other than through a Payment Initiation Service Provider, after it has been received by us except if you have agreed with us that the Payment is to be made on a day in the future and the revocation is received by us prior to the end of the Business Day preceding that day – such revocation of the Payment shall be deemed to be withdrawal of consent for the Payment in accordance with Article 44 of the Regulations.

Revocation of Payment Orders. You may not revoke: (a) a Payment Order which has been initiated through a Payment Initiation Service Provider, without our written consent; (b) a Payment Order initiated in any way other than through a Payment Initiation Service Provider, after it has been received by us except if you have agreed with us that the Payment is to be made on a day in the future and the revocation is received by us prior to the end of the Business Day preceding that day – - such revocation of the Payment shall be deemed to be withdrawal of consent for the Payment in accordance with Article 44 of the Regulations.