Rights and Obligations of the Bank. 2.1 In line with the Agreement, the Bank undertakes to:
2.1.1 Transfer transaction proceeds to the Merchant’s account (an account provided by the Merchant to the Bank) in national currency based on Electronic Drafts and to the deadlines specified in the Application/on the Bank Website;
2.1.2 Carry out the transfer mentioned in 2.1.1 (i.e. settle transaction proceeds for the Merchant) based on the batch data after the transaction is processed in the card payment network;
2.1.3 At the Merchant’s request, supply the Merchant with business transaction reports via e-mail or fax;
2.1.4 Notify the Merchant regarding a fraudulent transaction within no later than 3 (three) business days after it is informed about a fraud application and/or a chargeback filed with the card issuer.
2.1.5 Ensure that the transaction amount is transferred (settled) to the Merchant’s account in compliance with the terms and conditions stipulated in the Agreement within no later than 2 (two) business days.
2.2 Under the Agreement, the Bank may:
2.2.1 Draw the following amounts from the Merchant’s account(s) by direct debit:
1) Bank fees;
2) Amounts subject to reversal;
3) Chargebacks - amounts of disputed transactions and/or transactions that have been declared fraudulent by the card issuer;
4) Penalties imposed by the International Payment System on the Bank due to an incident observed with the Merchant /due to charges against the Merchant;
2.2.2 Draw funds from transaction amounts by direct debit in order to maintain the Required Balance of the Insurance Reserve;
2.2.3 Provide the International Payment System with any information about the Merchant available to the Bank, if requested;
2.2.4 If, within one calendar month, the total amount and/or number of chargebacks reaches 1% (one percent) of the total amount and/or number of transactions or if the number and/or amount of transactions grows sharply, suspend card services and settlements for the Merchant until the causes are identified (through inspection);
2.2.5 Require from the Merchant all necessary information and documents in the event of a chargeback as well as any suspicious and/or illegal transaction;
2.2.6 Suspend daily (24-hour) authorization of transactions if the Merchant defaults on the Bank’s requirements related to the fulfilment of his/her/its Insurance Reserve obligations;
2.2.7 Suspend daily (24-hour) authorization of transactions in the ongoing month if in the previous month the Merchant has exceeded his/her/its onli...
Rights and Obligations of the Bank. 3.1. The Bank shall undertake to:
0.0.0. xxxx the Accumulation Account for the Customer; 0.
0.0. xxxxxx the funds transferred to the Account;
Rights and Obligations of the Bank. 3.1. The Bank undertakes:
0.0.0. Xx open an Account for the Client for an unlimited period.
0.0.0. Xx credit the Account with the funds transferred by the Client and third parties.
0.0.0. Xx fulfill Client’s directions for transferring certain amounts and disbursing them from the Account and perform other payment operations which are performed with the accounts of such nature.
0.0.0. Xx provide information about the Account balance, performed payment operations and other agreed upon information in the online banking platform. If the Client requests to obtain information in a durable medium, the information is prepared under a separate agreement.
0.0.0. Xx fulfill all directions from the Client to the extent allowed by the functionality of the Account and applied limitations (operation limits, account constraints, etc.).
0.0.0. Xx ensure the secrecy of the information about the Account and all performed operations. To provide information exclusively to the Client and/or its representatives and in other events and in accordance with the terms foreseen in the Law of the Republic of Lithuania.
3.2. The Bank has the right:
0.0.0. Xx receive the payment under the applied Rates for the services provided to the Client.
0.0.0. Xx debit the applied Rates from the Account or other Client’s accounts in the Bank only if there is an agreement (authorization) by the Client to fulfill the payment transaction.
0.0.0. Xx unilaterally terminate the Contract if there are no monetary funds in the Account for more than a year and if no operations were performed with the Account and if the Client, after the Bank’s notice, does not begin to use the Account.
3.3. The Bank performs the payment operations in the currency specified in the Special part of the Contract. If the Account was funded by other currency than specified, before crediting the funds, the Bank exchanges the funds to the Account currency under the exchange rate set by the Bank on the day of currency exchange.
3.4. If the funds were transferred to the Account mistakenly or if the Client has received funds that do not belong to the Client, the Bank has the right to perform a correction by debiting the amount of credited funds from the Account without the Client’s agreement. If the Account balance is not sufficient to debit the credited funds, the Bank has the right to block the Account and/or credit such amount of funds from other accounts of the Client.
3.5. The Bank is not responsible for and does not check the cor...
Rights and Obligations of the Bank. 3.1. The Bank shall undertake to:
3.1.1. open the Accumulation Account for the Customer.
3.1.2. credit the funds transferred to the Account.
3.1.3. execute payment orders given by the Customer in writing or by other agreed means.
3.1.4. provide information on the Account balance, payment transactions made and other agreed information.
3.1.5. execute other instructions given by the Customer to the extent permitted by the functionality of the Account or applicable restrictions (transaction limits, account restrictions, etc.).
3.2. The Bank shall be entitled to:
3.2.1. receive remuneration in accordance with the applicable Fees for the services rendered to the Customer.
3.2.2. debit the applicable Fees from the Account or other accounts of the Customer with the Bank.
3.3. The Bank shall execute payment transactions in the currency specified in the Special Part of the Agreement. If the funds received into the Account are in a currency other than the specified currency, the Bank shall convert them into the currency of the Account at the rate set by the Bank on the date of currency conversion, before crediting such funds to the Account.
3.4. If funds have been transferred to the Account in error or the Customer has received another’s funds, the Bank shall be entitled to make a correction by debiting the amount of funds credited to the Account without the Customer’s consent. If the Account has insufficient funds to debit the erroneously credited funds, the Bank shall be entitled to block the Account and/or debit such amount of funds from the other Accounts of the Customer.
3.5. The Bank shall not be liable for and shall not verify the accuracy of the data provided in the payment order.
3.6. The Bank shall be entitled to refuse the execution of payment transaction if this is contrary to the applicable legislation, the General Rules or the terms and conditions of this Agreement.
3.7. Payment transfers from the Account shall be made only if there are sufficient funds in the Account to make the payment and to pay the fees charged by the Bank, unless otherwise agreed.
3.8. After the Customer transfers all funds from the Accumulation Account, the Bank will close the Accumulation Account without the separate consent/request of the Customer.
Rights and Obligations of the Bank. 6.1. To lease out to the Client the Safe Deposit Box in a good technical order.
6.2. of the Republic of Latvia.
6.3. To hand ovter to the Client the Safe Deposit Box key after execution of payments laid down in the Terms and Conditions of the Safe Deposit Box Lease Agreement, except in cases when the Client would like to keep the Safe Deposit Box key in the Bank.
6.4. To provide to the Client access to the Safe Deposit Box within the period laid down in Clause 4.1 of the Agreement.
6.5. To ensure that during use of the Safe Deposit Box the Client is alone in the Depository. 6.6.
Rights and Obligations of the Bank. Quyền và nghĩa vụ của Ngân hàng
8.1 Rights of the Bank:
(a) To request the Guaranteed provide sufficient and accurate documents and information relating to the Guaranteed and/or to its obligations under this Agreement or the Guarantee;
Rights and Obligations of the Bank. 4.1 The Bank shall appoint the Services Provider and shall be responsible to ensure that the Services Provider complies with the terms and conditions of this Agreement.
4.2 The Bank shall be entitled to credit and debit the Customer’s account(s) with the Bank as stipulated in the Services Level Start-Up Form.
4.3 The Bank shall advise the Customer of its Authorized Representative and of a change of its Authorized Representative and obtain the Customer’s confirmation thereof.
4.4 The Bank shall inform the Customer of the Services Provider Authorized Manager and personnel and of a change of the Services Provider Authorized Manager and personnel and obtain the Customer’s confirmation thereof.
4.5 The Bank shall forward to the Customer an acknowledgement confirming a proposed change in the Authorized Representative of the Customer within two (2) Business Days after receipt thereof and any disruption of the Cash Services due to the failure by the Bank to provide the Customer with the acknowledgment confirming the proposed change within two (2) Business Days after receipt thereof shall be the responsibility of the Bank.
4.6 The Bank shall count the amount of all Cash and/or cash cheques in the presence of at least two Authorized Representatives of the Bank.
4.7 The Bank shall advise the Services Provider to inform and explain to the Customer the procedures for providing the Cash Services.
4.8 The Bank shall in respect of cash cheques, upon the discovery of a mis-match in information contained on the Official Receipt and the amount of and/or number of cash cheques found in a Container collected from the Customer by the Services Provider, or upon the discovery of a discrepancy on the cash cheque(s) itself, have the right to cancel the cash cheque(s) and return such to the Customer.
4.9 The Bank shall, if the Customer selected Verified Cash Count and there is a mis-match in information contained on the Official Receipt and information contained on the Deposit Slip, provided the Seal of the Container has not been damaged or is not missing, have the right to amend the Deposit Slip based on the information contained on the Official Receipt.
4.10 The Bank shall, if the Customer selected Unverified Cash Count and there is a mis-match in information contained on the Official Receipt and information contained on the Deposit Slip, provided the Seal of the Container has not been damaged or is not missing, have the right to amend the Deposit Slip based on the count of the Bank.
4.11 T...
Rights and Obligations of the Bank. When providing a payment service, the Bank may request any documents as required by the laws of the Republic of Kazakhstan and internal regulations of the Bank. The Bank shall be entitled to initiate changes and/or amendments to this Agreement and the Tariffs by publishing the relevant information on the Bank's corporate website xxx.xxxxxxxxx.xx, placing it in the customer service areas of the Bank's subsidiaries and their additional premises in a well visible place at least five (5) business days prior to the effective date of such changes and/or amendments. The Payer's failure to submit to the Bank his/her statement of disagreement with changes and/or amendments to the Bank's Tariffs within five (5) business days after the Payer is notified of the changes and/or amendments made to the Tariffs, shall be deemed the Payer's acceptance of the updated Tariffs, which shall take effect after expiration of the period of notifying the Payer of the changes and/or amendments made to the Tariffs. The Bank shall be entitled to refuse to effect a transaction, suspend any transactions related to the payment services provision hereunder, in instances and according to a procedure set forth by the laws of the Republic of Kazakhstan on Combating Legalization/Laundering of Illegally Gained Income and Financing of Terrorism (the "CLIGI/FT Law"). The Bank may not establish and shall be entitled to terminate business relationship with the Payer, if it is impossible to check validity of the information received from the Payer or if the Payer fails to provide any data or information required to update the information of the Payer or his/her representative, as well as if in the course of servicing the Payer suspicions arise that the Payer uses such business relationships for the purpose of legalization/laundering of illegally gained income or financing of terrorism as defined by the CLIGI/FT Law. The Bank shall be entitled to repudiate the Agreement for reasons and according to a procedure set forth by the CLIGI/FT Law. The Bank shall inform the Payer of its repudiation of the Agreement at the time of the Payer's appearing at the Bank and submission of the Payment Document or send an electronic notice of its repudiation of this Agreement at the Payer's address specified in the Payment Document details, or send a notice by post with delivery notification, at the Bank's discretion, by the end of the current banking day following the date of receipt of the relevant Payment Document,...
Rights and Obligations of the Bank. 12. The Bank shall make only payments from payment accounts on the basis of an order made by or with the prior consent of the Client, to the extent of the amount and according to the conditions specified by the Client, except in cases of forcible execution in accordance with the law.
13. The Bank may, on its own motion, deduct from Client’s bank accounts any amounts due by the Client in connection with Bank’s receivables arising from existing agreements with the Client, such as repayments of principals and/or payment of interest on any loans granted; expenses; bank guarantees; including amounts due in case of accelerated repayment, and may collect from such accounts, on its own motion, any charges and commissions due by the Client to the Bank for payment services provided under this Framework Agreement, in accordance with the applicable Tariff of Charges and Commissions.
Rights and Obligations of the Bank. 7.1. The Bank is entitled to forward information about the Customer and the Customer’s transactions
7.1.1. to third parties with whom the Bank is preparing to conclude or has concluded assignment or participation agreements of any type;
7.1.2. to third parties, if the Customer fails to fulfill his obligations to the Bank.
7.2. The Bank makes payment under the Letter of Credit within the time limits specified in the Letter of Credit.
7.3. The Bank is entitled, in accordance with the Seller’s written order, to transfer the amount of the Letter of Credit to the Seller’s supplier, i.e., to a different Seller, withholding a Commission Fee in accordance with the Bank’s Service Fees.
7.4. The Bank returns the L/C Amount or a part of this amount to the Customer in the following cases only:
7.4.1. A third bank has refused to accept the Letter of Credit opened by the Bank and the Bank, within 3 (three) Bank Business Days, transfers the L/C Amount from the Cash Collateral Account to the Current Account, withholding the Commission Fee for the opening of the Letter of Credit according to the Service Fees;
7.4.2. The L/C Amount is cancelled or reduced with the knowledge and acceptance of the Seller;
7.4.3. Upon expiry of the Letter of Credit the Bank receives from the bank of the Customer’s cooperation partner information confirming that the Seller has not submitted the documents required in order to use the remaining amount of the Letter of Credit in due time or that the Seller does not intend to use the remaining amount of the Letter of Credit.
7.5. The Bank hereby undertakes to exercise due care and diligence in selecting the banks that announce or confirm Letters of Credit, but the Bank is not responsible for the actions of such banks. At the Customer’s request, the Bank may solicit confirmation of the Letter of Credit by a specific bank.
7.6. During the validity term of this Agreement, the Bank can issue an unlimited number of Letters of Credit that will be governed by this Agreement and the Terms and Conditions.
7.7. The Bank shall be responsible for losses incurred to the Customer through the fault of the Bank’s employees. The Bank shall not be held responsible for any losses incurred as a result of the Customer’s acts or omissions.
