RIGHTS AND OBLIGATIONS OF MERCHANT Sample Clauses

RIGHTS AND OBLIGATIONS OF MERCHANT. 4.1 Merchant shall honestly and truthfully provide information on the qualifications of Merchant to BBPOS, including but without limitation to basic information on business and operation, business license (or an identification documentation issued by a competent administrative certifying that the Merchant is legally registered in accordance with the laws of its place of registration), ICP(Internet Content Provider) License, identification of the contact person or authorized representative, the letter of settlement bank account information, corporate e-mail address (other than personal e-mail account), etc. Moreover, if Merchant is engaged in the business which needs to obtain special license in accordance with the laws or regulations of relevant country or region where Merchant located, Merchant should also provide the relevant qualification documents. 4.2 Merchant shall not leak or transfer the interface technology, security protocol or certificate provided by BBPOS to a third party for any purposes outside the scope of this Agreement, or pass off other parties’ transaction as its own transaction to settle accounts with BBPOS. 4.3 Merchant shall keep the log-in names and passwords for Weixin Public Account and Weixin Payment Merchant Account properly. All actions of the Weixin Public Account and Weixin Payment Merchant Account are deemed as those of Merchant. 4.4 Merchant shall ensure the legitimacy, authenticity, accuracy and completeness of the order information. When accepting orders from customers, Merchant shall record, including but not limited product name, product number, price per unit and total price charged of the product ordered. 4.5 Merchant shall properly keep the relevant transaction data and proof, including but not limited to the order and the relevant receipt signed by the Customer when accepting the goods for at least five years following the date on which the transaction takes place. 4.6 Merchant shall not actively engage in or assist the cardholder to engage in illegal credit card cash-out, money laundering, split transaction and other illegal business practices, or engage in false application, skimming, malicious close-down and other serious risk activities, otherwise BBPOS is entitled to suspend or terminate the provision of the service under this Agreement and report Merchant’s information to the People’s Bank of China, the Ministry of Public Security and the relevant regulatory authorities. 4.7 If Merchant changes its address, sus...
Sample 1
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RIGHTS AND OBLIGATIONS OF MERCHANT. 1. The Merchant undertakes to render the use of the System possible to all Users of the Web Portal. 2. The Merchant is entitled to offer the possibility of using the System on all the Web Portals they hold the rights to and which comply with the requirements of the Agreement hereto and are specified in Attachment no. 2 referred to in subparagraph 3 hereinbelow. 3. The Merchant is obligated to present the list of all its Web Portals which provide the possibility of using the System as well as the information regarding the goods and services offered thereby. The list of the said Web Portals, updated as at the date of conclusion of the Agreement hereto, constitutes Attachment no. 1. Any amendments to the contents of attachments may be introduced in the course of the procedure specified in § 15 subparagraph 12 or by the way of introducing relevant changes to the list of Web Portals by the Merchant with the use of the Administration Panel. 4. The Merchant undertakes to warrant that throughout the entire term of validity of the Agreement it shall not offer goods or services which do not comply with the requirements set forth in § 2 subparagraph 2 letter e hereof. 5. The Merchant undertakes to monitor at all times the compliance of the goods, services and contents displayed on the Web Portal with the prohibitory provisions set forth in §2 subparagraph 2 letter e hereof, including the goods, services and contents obtained from third persons or displayed on the Web Portal by third persons or for and on behalf of third persons. The Merchant bears exclusive liability for the fulfilment of the obligations specified in subparagraph 4 hereinabove, irrespective of the reasons of infringement or the Merchant's fault or awareness of infringements on the part of the Merchant. 6. The Merchant hereby grants PayPro irrevocable authorisation, valid throughout the term of the Agreement, to become acquainted with the data transferred via the System in compliance with the specification thereof. 7. In pursuit of the provisions of the Agreement, the Merchant undertakes to recognise the professional character of the economic activity conducted by him or her. 8. The Merchant undertakes not to use the System and to prevent the use thereof in order to violate or circumvent the law, the principles of fair dealing or the provisions of the Agreement. Should the Merchant receive an information regarding the said use or attempts to use the System in this way, it shall be obligated to immedia...
Sample 1
RIGHTS AND OBLIGATIONS OF MERCHANT. 1The Merchant shall act honestly and truthfully and provide the Supplier with such information as the Supplier may reasonably request in relation to the Merchant's business, including basic information on business and operations, business licences held, business contact information, and bank account information. The Merchant acknowledges and agrees that the Supplier may provide such information to its Affiliates and Tenpay.
Sample 1
RIGHTS AND OBLIGATIONS OF MERCHANT. 5.1. Merchant shall make DigiWallet available to Customer and/or all its customers as the payment method (or one of the payment methods, as the case may be) for the purposes of completing any Transactions at no additional cost, surcharge, processing fee or xxxx-up whatsoever to Customer or its customers generally. 5.1.1. Cost to Customer shall be same as or equal to all other payment methods accepted by Merchant including cash.
Sample 1
RIGHTS AND OBLIGATIONS OF MERCHANT a. Where the Merchant is the owner of the premises :The Merchant hereby expressly agrees and consents to the installation of the equipments at the premises to enable processing of payments for transactions made by Valid VPA Where the Merchant is a lessee, licensee or not the full owner of the premises : The Merchant has obtained all necessary permission to permit the Bank to install the equipments at the premises to enable processing of payments for transactions made by the customer b. The Merchant shall retain in its possession and for its exclusive use the Equipment(s) provided under the Facility, and keep the Equipment(s) in good condition. It shall be the duty of the Merchant to safe-keep and control the use of Equipment(s). Any transaction performed using the equipment(s) shall be deemed to be authorized and sanctioned by the Merchant. c. The merchant need not obtain any authorization for the VPA used by the customer. d. Once the transaction is complete, the merchant may create a QR code in the Lotza POS terminal or Lotza M POS. The customer has to use any PSP app of any Bank which permits Scan and Pay and permit him to pay the money by scanning the QR code using customer’s mobile and authenticated by a PIN as mandated by the UPI PSP app used by the customer. e. After the customer completes the above transaction, the merchant shall wait for payment success message in the Lotza POS terminal or Lotza M POS. Additionally a receipt shall be printed by the Lotza POS terminal, once the payment success message is received by it. No printed receipt shall be available for Lotza M POS f. There is no need to obtain any signature on the transaction receipt as it is generated upon authentication by a PIN in the UPI PSP app. g. The Merchant shall provide to the Customer his copy of the Transaction Slip duly completed. h. Once the transaction slip is printed, the account of the merchant gets credited instantly. i. It is hereby clarified that completion of a payment request, does not guarantee the payment, and actual payment shall be subject to other provisions of this Agreement. j. The Merchant shall not : a. Sell, assign, transfer, lease or otherwise cause or allow or attempt, to cause or allow, any dealings with the Equipment(s) or any encumbrance on the Equipment(s); b. Remove, conceal or alter any makings, tags or plates attached to the Equipment(s) or part of it indicating Federal Bank’s Ownership of the Equipment(s). c. Cause or allow, Federal Banks right to a...
Sample 1
RIGHTS AND OBLIGATIONS OF MERCHANT. 7.1.1. Merchant is responsible for the procurement, installation of Acquiring Device, to bear the resulting equipment cost and communication cost, and ensure the safety of Acquiring Device system. Merchant should specifically refer to technical details such as data transmission protocol, security mechanism, hardware requirement and physical connection etc. To make it convenient for Third Party Payment Providers Users to use the Third-Party Payment Providers Services, requirements of acquiring equipment installation include: 7.1.2. Acquiring Device position should be stable, safe and easy to operate; 7.1.3. Acquiring Device should avoid direct sunlight, high temperature, be damp or near a strong magnetic field; 7.1.4. Power supply, communication lines should be consistent with the Acquiring Device application; 7.1.5. Other conditions required for normal use of acquiring equipment. 7.1.6. If the installation conditions do not meet the above requirements, which result in Merchant not being able to accept Third Party Payment Provider Services, it will be Merchant's sole responsibility, and has nothing to do with AttractPay. 7.1.7. Merchant shall use the Acquiring Device within the scope of the Agreement. Without AttractPay’s written consent, Merchant shall not to transfer, rent, lend, mortgage, pledge, lien or in any other way to dispose of the Acquiring Device. Merchant cannot transfer the Acquiring Device arbitrarily or move it to the other place of business or exchange between different cashier, otherwise, all losses incurred to Third Party Payment Providers’ Users and the Company shall be borne by Merchant. 7.1.8. The Company shall request the Merchant to paste, display, hang and maintain “Third Party Payment Services" accepted identifying material in a prominent position of the Acquiring Device and place. Merchant shall not use Third Party Payment Providers’ or “AttractPay” name or the corresponding English name for any other usage. 7.1.9. Merchant shall use the Acquiring Device and the acquiring bank settlement account in accordance with this Agreement and shall not use the accepting terminal engaged in or assist others for any commercial fraud or other illegal activities. 7.1.10. Merchant shall not charge Third Party Payment Providers’ Users for using Third Party Payment Provider Services or collect disguised additional fee, or reduce the service level, other than those additional fees permitted at law. 7.1.11. The Merchant guarantee the legal qualifica...
Sample 1
RIGHTS AND OBLIGATIONS OF MERCHANT. 7.1.1. Merchant is responsible for the procurement, installation of Acquiring Device, to bear the resulting equipment cost and communication cost, and ensure the safety of Acquiring Device system. Merchant should specifically refer to technical details such as data transmission protocol, security mechanism, hardware requirement and physical connection etc. To make it convenient for Third Party Payment Providers Users to use the Third-Party Payment Providers Services, requirements of acquiring equipment installation include: 7.1.2. Acquiring Device position should be stable, safe and easy to operate; 7.1.3. Acquiring Device should avoid direct sunlight, high temperature, be damp or near a strong magnetic field; 7.1.4. Power supply, communication lines should be consistent with the Acquiring Device application; 7.1.5. Other conditions required for normal use of acquiring equipment. 7.1.6. If the installation conditions do not meet the above requirements, which result in Merchant not being able to accept Third Party Payment Provider Services, it will be Merchant's sole responsibility, and has nothing to do with AttractPay.
Sample 1
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RIGHTS AND OBLIGATIONS OF MERCHANT. 商户的权利及义务
Sample 1

Related to RIGHTS AND OBLIGATIONS OF MERCHANT

  • Rights and Obligations of Members Section 6.1

  • Rights and Obligations of Party B 8.1 Party B is entitled to use the Leased Units in accordance with the Contract. Party B may set a notable mark on the exit of elevators of the floor of leasing pursuant to the xxxevant management regulations of the Corporate Squares. The detailed conditions shall be discussed by both Parties. 8.2 Party B shall carry out the business activities in the Leased Units in compliance with laws, regulations and rules of the People's Republic of China and is prohibited to harm Party A's reputation through its activities. 8.3 Party B shall duly make the payments with respect to the rent, property management fee, electricity usage fee and any other charges it shall be responsible for. 8.4 Starting from the Commencement Date, Party B shall purchase insurance for the properties in the Leased Units, including property insurance and third party liability insurance. Otherwise, Party B and not Party A shall be solely responsible for all liabilities and losses. 8.5 Party B shall not alter the purpose of use of the Leased Units without consent in writing from Party A. 8.6 Party B shall not re-lend, sublease, and exchange the Leased Units, in whole or part, to third parties or allow third parties to use the Leased Units by other means, without consent in writing from Party A. 8.7 Party B shall not alter the locking and security system on the gate of the Leased Units without consent in writing from Party A or approval from related departments. 8.8 Party B shall not alter or move the equipment for usage of water and electricity and shall not enlarge the capacities of central air conditioning, without consent in writing from Party A. 8.9 Party B shall take necessary actions to prevent the Leased Units from fires accident or man-made damage. Party B shall immediately notify to Party A with respect to any damage of the Leased Units. Party B shall restore the damaged parts of the Leased Units to their former condition within one month upon receipt of Party A's notice, provided that the damages resulted from negligence by Party B and its employees. If Party B fails to do so timely, Party A has the right to repair the damaged parts. All the expenses thus incurred shall be borne by Party B. 8.10 Party B is entitled to require Party A repairing the Leased Units, and the public facilities and equipment, and repair such based on the original standards by itself if Party A fails to perform the obligation of repairing timely and affects the normal use of such. All the expenses thus incurred shall be borne by Party A. The equipment newly added or improved by Party B shall be repaired by Party B.

  • Rights and Obligations of Party A 0. Xxxxx A has the right to require Party B to keep in confidence relevant financial information and trade secrets relating to production and operation of Party A unless otherwise provided by laws and regulations. 2. Party A shall provide relevant financial information and information relating to production and operation as required by Party B and shall be responsible for the authenticity, integrity and validity of such information. 3. Party A undertakes that all settlements and deposits relating to the Loan shall be conducted through its accounts opened with Party B or Party B’s relevant branch. 4. Party A shall assist in and accept Party B’s inspection and supervision of its production, operation, financial activities and utilization of the Loan. 5. Party A shall utilize the Loan for the purpose as provided for hereunder. 6. Party A shall punctually repay the principal and interest in accordance with this Contract. 7. Party A or its investors shall not transfer any funds or assets in order to evade the indebtedness owed to Party B. 8. Party A shall give Party B a prior written notice for Party B’s consent if Party A intends to provide security for any third party during the term of this Contract and such security may affect Party A’s ability to make repayment under this Contract. 9. Party A shall promptly arrange for new security(ies) satisfactory to Party B where the Guarantor in respect of this Contract ceases or suspends production; its corporate registration is canceled, or business license revoked; it is bankrupt or dissolved; it is operating at a loss; or any other negative change has occurred, and such aforementioned incidents result in loss or partial loss of the Guarantor’s ability to secure the Loan, or where the mortgaged or pledged property(ies) for securing the Loan depreciate(s) or is (are) damaged or destroyed. 10. Party A shall promptly inform Party B of any relevant changes during the term of this Contract, including without limitation its business name, legal representative (or chief officer), registered office, business purpose or registered capital. 11. Where Party A intends to carry out activity(ies) during the term of this Contract which may have an impact on the realization of Party B’s rights hereunder, Party A shall give Party B a [30] banking days prior written notice for its consent to such intended activity(ies) and shall further take sufficient measures to safeguard the repayment of the indebtedness under this Contract and arrange for security in accordance with Party B’s instructions. The aforementioned activities shall include without limitation contracting, leasing, transformation to a stock company, forming an economic association with another enterprise, consolidation, merger, division, setting up a joint venture, application for suspension of production or for winding up or for bankruptcy. 12. Party A shall promptly inform Party B in writing, take sufficient measures to safeguard the repayment of the indebtedness under this Contract and arrange for security(ies) in accordance with Party B’s instructions if there has occurred to Party A incident(s) during the term of this Contract that may have substantially negative effects on Party B’s performance of its obligations hereunder. The aforementioned incidents shall include without limitation the following: Party A ceases or suspends production; its corporate registration is canceled, or business license revoked; its legal representative or high-ranking officers are involved in illegal activities; it is involved in litigation with a major impact; great difficulties arise in respect to its production or operation; or its financial standing deteriorates. 13. Party A shall bear all fees and expenses in connection with this Contract and the security(ies) for this Contract including without limitation fees and expenses in respect to legal services, insurance, evaluation, registration, storage, authentication and notarization.

  • Rights and Obligations of Both Parties 7.1 Party A shall have the following rights and obligations: § to draw down and use the Loan according to this Contract; § if Party A repays the Loan before maturity date, it shall obtain prior written consent from Party B and shall compensate Party B against the losses for expected income and relevant expenses; § to bear all expenses incurred under this Contract; § it shall notify Party B at least 30 days in advance of any activities that would have a negative impact upon Party B’s ability to realize its rights such as joint operation, merger, restructuring, sale of material asset, etc. and obtain Party B’s written consent, otherwise, Party A is not allowed to carry out the afore mentioned activity before repayment of the Loan; § to notify Party B of any changes like location, contact address, business scope, legal representative and other commercial register items within 7 days after these changes; § it shall notify Party B immediately the occurrence of any event that will affect its normal operation or solvency under this contract, such as (but not restrain to) severe economic dispute, bankruptcy, financial deterioration etc; § In case of it winding up, dissolution, suspension of operation, revoke of business license, Party A should notify Party B of such events within 5 days after their occurrence and undertake to repay the principal and interest immediately. § Others as agreed. 7.2 Party B shall have the following rights and obligations: § to require Party A to provide all materials related to the Loan; § to deduct the principal, interest, compound interest, penalty interest and other due expenses relating to the Loan under this Contract directly from Party B’s account in accordance with the provisions of this Contract or relevant law; § in case of Party A’s evasion of Party B’s monitoring, default in payment for due principal or interest and other severe breach of the Contract, Party B is entitled to impose credit penalty against Party A, notify relevant departments or entities of such breach and put up payment demand notice on public media; § to provide loan to Party A in time according to the provisions of the Contract (except for the delays due to Party A’s reason); § to keep confidential of the information and materials provided by Party A..

  • Rights and Obligations of the Parties 5.2.1. The client is obliged to: 5.2.1.1. Check for an SMS at the moment of issuance of a card, by which means they will receive a pin code, or check the integrity of the envelope in which the pin code is given; 5.2.1.2. Regularly review and abide by card usage and security regulations developed by the Bank, and not allow disclosure of the card and/or pin-code to the third persons; 5.2.1.3. Reimburse those bank expenses which are related to additional service costs of VISA and Mastercard (if any); 5.2.1.4. Use the card to pay the Bank any commission fee related to card servicing (producing, renewal, including in the international stop-list, etc.) and processing card transactions consistent with the tariff established by the Bank and/or international payment systems; 5.2.1.5. Perform transactions on the card account only within the limits of the available balance. The Bank shall impose a penalty on an intentionally or erroneously overspent amount in excess of the available balance according to the tariff established by the Bank for each day of using the surcharge amount; 5.2.1.6. Promptly fill surcharged amount; 5.2.1.7. Promptly notify the Bank about loss of the card; 5.2.1.8. Shall process card payment transaction in the internet only through the web pages having secure payment certifications (web pages where MasterCard SecureCode or Verified by VISA logos are depicted, allowing for making payment with 3D security code). The bank shall bear no responsibility for the transactions of the client made at the web-pages having no secure payment certifications. 5.2.2. The client is authorized to: 5.2.2.1. At any time obtain information on transactions held at the card account and request statements reflecting such transactions. The client is authorized to become familiar with the transactions made at the card accounts in the internet banking and/or address JSC “Pasha Bank Georgia” telephone services center – contact center and/or any branch of the bank to obtain such information. Card transactions statements shall be issued in a form requested by the client in the timelines established by the bank, however no later than 2 (two) banking days after the request of the client has been made. The bank is entitled to establish the commission for issuing the transaction statement made for the card account. 5.2.2.2. Submit a justified claim on transactions performed on the card account consistent with clause 5.4 of the present agreement. 5.2.3. The client acknowledges that: 5.2.3.1. Cards produced by the Bank are equipped with contactless technology; 5.2.3.2. Throughout the territory of Georgia, contactless card transactions without a pin code are permitted to the amount of up to 100 (one hundred) GEL. The Bank does not bear responsibility and does not accept claims from clients for contactless transaction(s) performed with the card account of a client up to 100 GEL throughout Georgia (notwithstanding the number of such transactions performed with the card).

  • Absolute Rights and Obligations This is a guaranty of payment and not of collection. The Guarantor’s Obligations under this Company Guaranty Agreement shall be absolute and unconditional irrespective of, and the Company hereby expressly waives, to the extent permitted by law, any defense to its obligations under this Company Guaranty Agreement and all Security Instruments to which it is a party by reason of: (a) any lack of legality, validity or enforceability of the Credit Agreement, of any of the Notes, of any other Loan Document, or of any other agreement or instrument creating, providing security for, or otherwise relating to any of the Guarantor’s Obligations, any of the Guaranteed Liabilities, or any other guaranty of any of the Guaranteed Liabilities (the Loan Documents and all such other agreements and instruments being collectively referred to as the “Related Agreements”); (b) any action taken under any of the Related Agreements, any exercise of any right or power therein conferred, any failure or omission to enforce any right conferred thereby, or any waiver of any covenant or condition therein provided; (c) any acceleration of the maturity of any of the Guaranteed Liabilities of the Guarantor’s Obligations of any other Guarantor, or of any other obligations or liabilities of any Person under any of the Related Agreements; (d) any release, exchange, non-perfection, lapse in perfection, disposal, deterioration in value, or impairment of any security for any of the Guaranteed Liabilities, for any of the Guarantor’s Obligations of any Guarantor, or for any other obligations or liabilities of any Person under any of the Related Agreements; (e) any dissolution of any Borrower, any Guarantor, any other Loan Party or any other party to a Related Agreement, or the combination or consolidation of any Borrower, any Guarantor, any other Loan Party or any other party to a Related Agreement into or with another entity or any transfer or disposition of any assets of any Borrower, any Guarantor, any other Loan Party or any other party to a Related Agreement; (f) any extension (including without limitation extensions of time for payment), renewal, amendment, restructuring or restatement of, any acceptance of late or partial payments under, or any change in the amount of any borrowings or any credit facilities available under, the Credit Agreement, any of the Notes or any other Loan Document or any other Related Agreement, in whole or in part; (g) the existence, addition, modification, termination, reduction or impairment of value, or release of any other guaranty (or security therefor) of the Guaranteed Liabilities (including without limitation obligations arising under any other Guaranty or any other Loan Document now or hereafter in effect); (h) any waiver of, forbearance or indulgence under, or other consent to any change in or departure from any term or provision contained in the Credit Agreement, any other Loan Document or any other Related Agreement, including without limitation any term pertaining to the payment or performance of any of the Guaranteed Liabilities, any of the Guarantor’s Obligations of any other Guarantor, or any of the obligations or liabilities of any party to any other Related Agreement; or (i) any other circumstance whatsoever (with or without notice to or knowledge of the Company) which may or might in any manner or to any extent vary the risks of the Company, or might otherwise constitute a legal or equitable defense available to, or discharge of, a surety or a guarantor, including without limitation any right to require or claim that resort be had to any Borrower or any other Loan Party or to any collateral in respect of the Guaranteed Liabilities or Guarantor’s Obligations. It is the express purpose and intent of the parties hereto that this Company Guaranty Agreement and the Guarantor’s Obligations hereunder shall be absolute and unconditional under any and all circumstances and shall not be discharged except by payment and performance as herein provided.

  • Rights and Obligations Except as expressly set forth in this Agreement, no Member, in its capacity as a Member, will have any right, power or authority to transact any business in the name of the Series, participate in the management of the Series or to act for or on behalf of or to bind the Series. A Member will have no rights other than those specifically provided herein or granted by law. Except as required by the Act, no Member, solely by reason of being a member, shall be liable for the debts, liabilities, obligations or expenses of the Series.

  • Rights and Obligations of Limited Partners Section 8.1 Limitation of Liability 27 Section 8.2 Management of Business 27 Section 8.3 Outside Activities 27 Section 8.4 Return of Capital 27 Section 8.5 Rights of Limited Partners Relating to the Partnership 27

  • Additional Rights and Obligations The author(s) (and their employers as applicable), hereby authorise the Publishers to take such steps as they consider necessary at their own expense in the copyright owner’s name and on their behalf, if they believe that a third party is infringing or is likely to infringe copyright or the rights granted to the Publishers herein in the Contribution without further recourse to the copyright owner(s). The Corresponding Author acknowledges that all versions of the Contribution, and any associated reviews and responses to those reviews, may be published if the Contribution is accepted for publication. The Publishers expressly agree to place the final published post-production Contribution for display on PMC (including their international mirror sites) promptly after publication without extra charge for this deposit to the authors or their employers (provided PMC does not charge the Publishers), which will include any Publisher supplied amendments or retractions. The author(s) acknowledge and accept that BMJ may make additional changes to the Contribution as considered necessary in accordance with standard editorial processes whether before or after publication. The Corresponding Author will usually see proofs for their Contribution and every effort will be made to consult with the Corresponding Author if substantial alterations are made. BMJ may also retract or publish a correction or other notice when it considers this appropriate for legal or editorial reasons and this shall be at its absolute discretion which shall be exercised reasonably.

  • Rights and Obligations of Each Fund The rights and obligations set forth in this Agreement with respect to each repurchase transaction shall accrue only to the Participating Funds in accordance with their respective interests therein. No other Fund shall receive any rights or have any liabilities arising from any action or inaction of any Participating Fund under this Agreement with respect to such repurchase transaction.

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