Suspension and Termination of Card Validity Sample Clauses

Suspension and Termination of Card Validity. 5.5.1. The Bank is entitled to block both the main and supplementary card and/or card account and/or suspend payment operations in the event that: 5.5.1.1. The client indicated inaccurate information in the application; 5.5.1.2. There is a suspicion that the card has been used illegitimately, or an un-sanctioned and/or illegitimate transaction is occurring and/or has occurred on the card account; 5.5.1.3. It appears that illegitimate transactions have been performed with the card, and information evidencing illegitimate use of the card has been received from the international payment system; 5.5.1.4. The scope of transaction exceeds the money withdrawal or settlement limits established for the client’s card, or the transaction contradicts the regulations established by the present or international payment system; 5.5.1.5. Any of the terms stipulated by the present agreement or card usage regulations have been breached by the card holder. 5.5.2. In case of entering a PIN code incorrectly at an ATM three times, the card is automatically blocked due to the expiration of the daily limit of entering PIN code attempts. 5.5.3. A card can be suspended in case the card holder wishes or if the card is lost or stolen. The card holder shall, in the event of loss or stealing of a card/card data, mobile, accessories or obtaining information on unauthorized transaction, loss of the card or stealing, immediately notify the bank in writing or by telephone (+000 000 00 00 00). On the other hand, the bank is obliged to ensure suspension of the card, by entering the card data, with the respective method determined by the card holder: a. on the local stop-list, which will block the card within maximum 1 (one) banking day, only allowing transactions authorized by the Bank. b. on the international stop list, which will block the card in the international payment system within a maximum 14 (fourteen) banking days. 5.5.4. When notifying the Bank about the card blockage by telephone, the client is obliged, no later than the following banking day, to submit a written application to the Bank, or by means of the internet bank submit an application on lost/stolen cards, by indicating the relevant type of stop-list (local, international). Otherwise, the Bank is authorized to remove the card from the international stop-list and consequently the client shall be responsible for any non-sanctioned transaction made on the card account. 5.5.5. The Bank, at the expense of the client, shall ens...
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Related to Suspension and Termination of Card Validity

  • Suspension and Termination Schedule 6 shall have effect.

  • Duration and Termination of the Agreement This Agreement shall become effective upon its execution; provided, however, that this Agreement shall not become effective with respect to any Portfolio now existing or hereafter created unless it has first been approved (a) by a vote of the Independent Trustees, cast in person at a meeting called for the purpose of voting on such approval, and (b) if required under the 1940 Act, by an affirmative vote of a majority of the outstanding voting shares of that Portfolio. This Agreement shall remain in full force and effect continuously thereafter without the payment of any penalty as follows: (a) By vote of a majority of the (i) Independent Trustees, or (ii) outstanding voting shares of the applicable Portfolios, the Trust may at any time terminate this Agreement with respect to any or all Portfolios by providing not more than 60 days’ written notice delivered or mailed by registered mail, postage prepaid, to the Manager and the Subadviser. (b) This Agreement will terminate automatically with respect to a Portfolio unless, within two years after its initial effectiveness with respect to such Portfolio and at least annually thereafter, the continuance of the Agreement is specifically approved by (i) the Board of Trustees or the shareholders of such Portfolio by the affirmative vote of a majority of the outstanding shares of such Portfolio, and (ii) a majority of the Independent Trustees, by vote cast in person at a meeting called for the purpose of voting on such approval. If the continuance of this Agreement is submitted to the shareholders of any Portfolio for their approval and such shareholders fail to approve such continuance as provided herein, the Subadviser may continue to serve hereunder in a manner consistent with the 1940 Act and the rules and regulations thereunder. (c) The Manager may at any time terminate this Agreement with respect to any or all Portfolios by not less than 60 days’ written notice delivered or mailed by registered mail, postage prepaid, to the Subadviser, and the Subadviser may at any time terminate this Agreement with respect to any or all Portfolios by not less than 90 days’ written notice delivered or mailed by registered mail, postage prepaid, to the Manager. (d) This Agreement automatically and immediately will terminate in the event of its assignment. Upon termination of this Agreement with respect to any Portfolio, the duties of the Manager delegated to the Subadviser under this Agreement with respect to such Portfolio automatically shall revert to the Manager.

  • Modification and Termination No agreement to modify, amend, extend, supersede, terminate, or discharge this Settlement Agreement, or any portion thereof, is valid or enforceable unless it is in writing and signed by all Parties to this Settlement Agreement.

  • Duration and Termination This Agreement shall become effective with respect to each Fund as of the corresponding effective date indicated in Appendix A and, unless sooner terminated with respect to a Fund as provided herein, shall continue in effect for a period of two years as to such Fund. Thereafter, if not terminated, this Agreement shall continue in effect with respect to the Fund for successive periods of 12 months, provided such continuance is specifically approved at least annually by both (a) the vote of a majority of the Trust’s Board of Trustees or the vote of a majority of the outstanding voting securities of the Fund at the time outstanding and entitled to vote, and (b) the vote of a majority of the Trustees who are not parties to this Agreement or interested persons of any party to this Agreement, cast in person at a meeting called for the purpose of voting on such approval. Notwithstanding the foregoing, this Agreement may be terminated by the Trust at any time as to a Fund, without the payment of any penalty, upon giving the Advisor 60 days’ notice (which notice may be waived by the Advisor), provided that such termination by the Trust shall be directed or approved (x) by the vote of a majority of the Trustees of the Trust in office at the time or by the vote of the holders of a majority of the voting securities of the Fund at the time outstanding and entitled to vote, or (y) by the Advisor on 60 days’ written notice (which notice may be waived by the Trust). This Agreement will also immediately terminate in the event of its assignment. (As used in this Agreement, the terms “majority of the outstanding voting securities,” “interested person” and “assignment” shall have the same meanings of such terms in the 1940 Act.)

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