Suspension and Termination of the Card Validity Sample Clauses

Suspension and Termination of the Card Validity. 5.5.1. The bank is entitled to block both business card and/or card account and/or suspend payment operations in the event: 5.5.1.1. The client provided inaccurate information in the application; 5.5.1.2. There is a doubt that non-sanctioned and/or illegitimate transaction is occurring and/or has occurred using a card or at the card account; 5.5.1.3. It was disclosed that illegitimate transactions had been performed with the card. Also the information evidencing illegitimate use of the card has been received from the international payment system; 5.5.1.4. The scope of the operation exceeds the money withdrawal or settlement limits established for the client’s card or the operation contradicts to 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 PIN code incorrectly in the ATM 3 times the card is automatically blocked due to expiration of daily limit of attempting to enter PIN code. 5.5.3. The 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 (+995 322) 265 000. 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. In the local stop-list which shall allow blocking of the card in maximum 1 (one) banking day only for the transactions authorized by the bank; b. In the international stop list, which shall allow blocking of the card in the international payment system within maximum 14 (fourteen) banking days. 5.5.4. In case of notifying the bank about the card suspension by means of the telephone, the client is obliged, no later than the following banking day, to submit written application to the bank or by means of the internet bank submit an application on losing/stealing the card by indicating relevant type of the 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 ensure entering th...
Sample 1Sample 2Sample 3See All (33)
AutoNDA by SimpleDocs
Suspension and Termination of the Card Validity. 5.5.1. the bank is entitled to block both main and supplementary card and/or card account and/or suspend payment operations in the event: 5.5.1.1. the client indicated inaccurate information in the application; 5.5.1.2. there is a doubt that by using a card or at the card account non-sanctioned and/or illegitimate transaction is occurring and/or has occurred; 5.5.1.3. it appears that illegitimate transactions have been performed with the card. Also the 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 to 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;
Sample 1

Related to Suspension and Termination of the Card Validity

  • 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.

  • 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.)

  • Expiration and Termination This Agreement is for one academic year (August 1, 2018 through July 31, 2019) and will automatically renew for the following academic year unless terminated as indicated below by either party. a. Any party may terminate this Agreement by written notice to the other at any time if that other party: (i.) commits a breach of this Agreement and, has not yet remedied the breach within 14 days of being notified of the facts and circumstances giving rise to the breach; or

  • Duration and Termination of this Agreement This Agreement shall remain in force until March 1, 1998, and continue in force from year to year thereafter, but only so long as such continuance is specifically approved at least annually (a) by 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, and (b) by the Trustees of the Trust, or by the vote of a majority of the outstanding voting securities of the Fund. The aforesaid requirement that continuance of this Agreement be "specifically approved at least annually" shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunder and any applicable SEC exemptive order therefrom. This Agreement may be terminated with respect to the Fund at any time, without the payment of any penalty, by the vote of a majority of the outstanding voting securities of the Fund or by the Trust's Board of Trustees on 60 days' written notice to you, or by you on 60 days' written notice to the Trust. This Agreement shall terminate automatically in the event of its assignment. This Agreement may be terminated with respect to the Fund at any time without the payment of any penalty by the Board of Trustees or by vote of a majority of the outstanding voting securities of the Fund in the event that it shall have been established by a court of competent jurisdiction that you or any of your officers or directors has taken any action which results in a breach of your covenants set forth herein.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!