The Bank shall Sample Clauses
The clause titled "The Bank shall" establishes specific obligations or actions that the bank is required to perform under the agreement. Typically, this clause outlines duties such as processing payments, maintaining accounts, or providing certain services to the other party. For example, it may require the bank to transfer funds upon request or to safeguard client assets. The core practical function of this clause is to clearly define the bank's responsibilities, ensuring both parties understand what is expected and reducing the risk of disputes over the bank's role.
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The Bank shall. 2.1.1.1 Ensure the continuity of transaction processing/authorization via the Processing Center;
2.1.1.2 Ensure settlement on payment transactions made with cards of the international payment systems via POS terminals (within the terms under the Georgian law) after the obligations stipulated in this Agreement (Key Terms and/or General Provisions hereof) and in the Application and/or published on the Bank Website have been completely and appropriately fulfilled and the Batch has been submitted; ensure the transfer/settlement of the transaction amount to the Merchant’s account in compliance with the terms and conditions of the Agreement/ no later than the business day following the date of transaction.
2.1.1.3 Transfer the POS terminal to the Company for use;
2.1.1.4 Provide free technical guidance/support for the POS Terminals;
2.1.1.5 Inform the Merchant in writing or by any other means envisaged herein about important operating changes/updates not later than 5 (five) banking days in advance;
2.1.1.6 Keep the Merchant’s transaction data confidential;
2.1.1.7 Based on the Merchant’s written request, provide card service training and respective instructions to the Merchant’s personnel directly in charge of cardholder services or instruct the Processing Center to deliver such a training.
The Bank shall. 4.5.1. If requested by the TBC Concept Client, provide him/her with details of banking facilities or transactions used/performed by the Client.
4.5.2. Provide the TBC Concept Client with high quality advice in due time regarding banking facilities, so that the Client couldchoose the financial facility best suited for him/her.
4.5.3. Keep confidential the information about the TBC Concept Client and his/her accounts as prescribed by the law.
The Bank shall. 2.1.1.1 Ensure the continuity of transaction processing/authorization via the Processing Center;
2.1.1.2 Ensure the settlement of Visa Electron/Visa, Mastercard/Maestro and China UnionPay card payments accepted via POS terminals after the obligations stipulated in this Agreement (Key Terms and/or General provisions hereof) and in the Application and/or published on the Bank Website have been completely and appropriately fulfilled and the Batch has been submitted; ensure the transfer/settlement ŽĨ ƚŚĞ ƚƌĂŶƐĂĐƚŝŽŶ ĂŵŽƵŶƚ ƚŽ ƚŚĞ DĞƌĐŚĂŶƚ͛Ɛ ĂĐĐŽƵ Agreement/ within 2 (two) business days of the transaction date.
2.1.1.3 Transfer to the Merchant for a definite term a device for servicing payment cards - a POS Terminal at a price of 500 (five hundred) USD per device;
2.1.1.4 Provide free technical guidance/support for the POS Terminals;
2.1.1.5 Inform the Merchant in writing or by any other means envisaged herein about important operating changes/updates not later than 5 (five) banking days in advance; Ϯ͘ϭ͘ϭ͘ϲ <ĞĞƉ ƚŚĞ DĞƌĐŚĂŶƚ͛Ɛ ƚƌĂŶƐĂĐƚŝŽŶ ĚĂƚĂ ĐŽŶĨ Ϯ͘ϭ͘ϭ͘ϳ ĂƐĞĚ ŽŶ ƚŚĞ, proDviĞdeƌcaĐrdŚseĂrvŶiceƚtr͛ainƐin g aǁndƌreŝspƚecƚtivĞe iŶns truƌctĞionƋs ƵĞƐƚ ƚŽ ƚŚĞ DĞƌĐŚĂŶƚ͛Ɛ ƉĞƌƐŽŶŶĞů ĚŝƌĞĐƚůLJ ŝŶ ĐŚĂƌŐĞ Ž deliver such a training.
The Bank shall. 3.3.1. to ensure the integrity and safety of the safe deposit box (cell) during the whole term of the Agreement;
3.3.2. to provide the Lessee with the safe deposit box (cell) in good condition, suitable for use for the purposes stipulated by the Agreement;
3.3.3. to provide free access of the Lessee to the safe deposit box (cell) for putting valuables and documents into the safe deposit box (cell) or taking them out of the safe deposit box (cell) at the time stipulated by the Agreement. At that, simultaneous presence of several lessees of safe deposit boxes (cells) in the safe depository is prohibited;
3.3.4. to notify the Lessee about the circumstances that may lead to destruction or damage of valuables and documents in the safe deposit box (cell) within 3 (three) business days from the day of their detection;
3.3.5. to familiarize the Lessee with the effective Tariffs, including the amount of penalties upon conclusion of the Agreement;
3.3.6. to guarantee the safety of bank secrecy (information about the Lessee and persons specified in sub-clause 3.
The Bank shall. 3.3.1. accept money in the form of cash and non-cash payments from individuals in accordance with this Agreement and the current legislation of the Republic of Kazakhstan;
3.3.2. transfer money accepted from individuals in favor of the Service Provider to its IIC (Account) in another second-tier bank in the manner and within the time limits established by the current legislation of the Republic of Kazakhstan, taking into account the requirements of the AML/CFT legislation of the Republic of Kazakhstan, international economic sanctions, internal regulatory documents of the Bank;
3.3.3. inform the Service Provider about changes and/or additions to the terms and conditions of this Agreement and the Bank's Tariffs for the provision of banking services by posting a corresponding notice on the official Internet resource of the Bank at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇, no later than 5 (five) business days before their entry into force, or send a written notification via communication channels about the new tariffs on the day of their approval.
The Bank shall. 2.3.1. to ensure the integrity and safety of the safe deposit box (cell) during the Lessee term of the Agreement;
2.3.2. to provide the Lessee with the safe deposit box (cell) in good condition, suitable for use for the purposes stipulated by the Agreement;
2.3.3. to provide free access of the Lessee to the safe deposit box (cell) for placing valuables and documents into the safe deposit box (cell) or taking them out of the safe deposit box (cell) during the business hours, during which the Bank provides operational servicing of clients, subject to clause 7.1. of the Agreement. At that, simultaneous presence of several Lessees of safes (cells) in the safe depository is prohibited;
2.3.4. to notify the Lessee of circumstances that may lead to destruction or damage of valuables and/or documents in the safe deposit box (cell) within 3 (three) business days from the day of their detection;
2.3.5. to familiarize the Lessee with the effective Tariffs, including the amount of fines, at the moment of concluding the Agreement;
2.3.6. to provide access to the safe deposit box (cell) to the authorized person of the state body, which carries out state regulation, control and supervision of the financial market and financial organizations, to check the actual presence and content of the backup copies (electronic data, which constitute the nominal holding accounting system) stored therein in the presence of the Lessee (for business clients, securities market participants, providing nominal holding services);
2.3.7. to replace the safe deposit box (cell) to the Lessee with a similar safe deposit box (cell) in case of technical failure of the safe deposit box (cell)/lock of the safe deposit box (cell) due to the Bank's fault;
2.3.8. to return the cost of safe deposit box (cell) lease to the Lessee for the remaining period of safe deposit box (cell) lease, in case of non-fulfillment of sub-clause 2.3.7. of this clause;
2.3.9. to guarantee the safety of bank secrecy (information about the Lessee and persons specified in sub-clause 2.1.9., clause 2.1. of the Agreement, about the fact of safe deposit box (cell) lease, safe deposit box (cell) number, except for the cases stipulated by the legislation of the Republic of Kazakhstan and the Agreement.
The Bank shall. 2.1.1.1 Ensure the continuity of transaction processing/authorization via the Processing Center;
2.1.1.2 Ensure settlement on payment transactions made with cards of the international payment systems via POS terminals (within the terms under the Georgian law) after the obligations stipulated in this Agreement (Key Terms and/or General Provisions hereof) and in the Application and/or published on the Bank Website have been completely and appropriately fulfilled and the Batch has been submitted; ensure the transfer/settlement of the transaction amount to the Merchant’s account in compliance with the terms and conditions of the Agreement/ no later than the business day following the date of transaction.
2.1.1.3 Transfer to the Merchant for a definite term a device for servicing payment cards - a POS Terminal at a price of 500 (five hundred) USD per device;
2.1.1.4 Provide free technical guidance/support for the POS Terminals;
2.1.1.5 Inform the Merchant in writing or by any other means envisaged herein about important operating changes/updates not later than 5 (five) banking days in advance;
2.1.1.6 Keep the Merchant’s transaction data confidential;
2.1.1.7 Based on the Merchant’s written request, provide card service training and respective instructions to the Merchant’s personnel directly in charge of cardholder services or instruct the Processing Center to deliver such a training.
The Bank shall. 2.1.1.1 Ensure the continuity of transaction processing/authorization via the Processing Center;
The Bank shall. 2.1.1.1 Ensure the continuity of transaction processing/authorization via the Processing Center;
2.1.1.2 Ensure the settlement of accounts with the Merchant in relation to Visa Electron/Visa, Mastercard/Maestro and China UnionPay card payments accepted via POS terminals, after the Merchant duly performs his/her/its obligations stipulated in this Agreement (the Key Terms of the Agreement and/or General provisions hereof) and in the Application/ published on the Bank website and forwards the Batch. Funds will be transferred to the Merchant’s account(s) within 3 (three) banking days if the Merchant is a TBC Bank client and within 5 (five) banking days if the Merchant is a client of a different commercial bank;
The Bank shall. 4.1.1. Extend the Loan to the Borrower pursuant to the provisions of Sections 1.1 and 2.1 hereof and subject to the requirements of Section 3.1.1