Common use of USING THE FACILITY Clause in Contracts

USING THE FACILITY. 12.1. You may only utilize your Facility to complete the following transactions on M-PESA via STK or My Safaricom APP (hereinafter “Permitted Transactions”) to the extent that funds available on your M-PESA Account would otherwise be inadequate to complete payment for the Permitted Transaction: 12.1.1. to send money to M-PESA customers; 12.1.2. to make payments via “Lipa na M-PESA” transactions; 12.1.3. to make cash withdrawals at an M-PESA Agent or automated teller machine; 12.1.4. to buy Safaricom airtime; 12.1.5. to undertake an approved M-Pesa transaction. We may from time to time add or withdraw the Permitted Transactions. 12.2. Your Facility will be applied strictly for completion of Permitted Transactions. 12.3. You accept that completion of the Permitted Transactions and all matters arising from or related to completion of the Permitted Transactions shall be strictly governed by the terms and conditions for the M-PESA Service. 12.4. We reserve the right to vary the Interest and Fees payable thereon from time to time having regard to the prevailing rules and regulations and our policies provided that increase of Interest, Fees and charges will be effected thirty (30) days after issuance of a notice of the intended increment.

USING THE FACILITY. 12.1. You may only utilize your Facility to complete the following transactions on M-PESA via STK or My Safaricom APP (hereinafter “Permitted Transactions”) to the extent that funds available on your M-PESA Account would otherwise be inadequate to complete payment for the Permitted Transaction: 12.1.1. to send money to registered and unregistered M-PESA customers; 12.1.2. to To make payments via “Lipa na M-PESA” transactions; 12.1.3. to make cash withdrawals at an M-PESA Agent or automated teller machine; 12.1.4. to buy Safaricom airtime; 12.1.5. to undertake an approved M-Pesa transaction. We may from time to time add or withdraw the Permitted Transactions. 12.2. Your Facility will be applied strictly for completion of Permitted Transactions. 12.3. You accept that completion of the Permitted Transactions and all matters arising from or related to completion of the Permitted Transactions shall be strictly governed by the terms and conditions for the M-PESA Service. 12.4. We reserve the right to vary the Interest and Fees payable thereon from time to time having regard to the prevailing rules and regulations and our policies provided that increase of Interest, Fees fees and charges will be effected thirty (days ( 30) days after issuance of a notice of the intended increment.

USING THE FACILITY. 12.1. You may only utilize your Facility to complete the following transactions on M-PESA via STK or My Safaricom APP (hereinafter “Permitted Transactions”) to the extent that funds available on your M-PESA Account would otherwise be inadequate to complete payment for the Permitted Transaction: 12.1.1. to send money to registered and unregistered M-PESA customers; 12.1.2. to To make payments via “Lipa na M-PESA” transactions; 12.1.3. to make cash withdrawals at an M-PESA Agent or automated teller machine; 12.1.4. to buy Safaricom airtime; 12.1.5. to undertake an approved M-Pesa transaction. We may from time to time add or withdraw the Permitted Transactions. 12.2. Your Facility will be applied strictly for completion of Permitted Transactions. 12.3. You accept that completion of the Permitted Transactions and all matters arising from or related to completion of the Permitted Transactions shall be strictly governed by the terms and conditions for the M-PESA Service. 12.4. We reserve the right to vary the Interest and Fees payable thereon from time to time having regard to the prevailing rules and regulations and our policies provided that increase of Interest, Fees and charges will be effected thirty (30) days after issuance of a notice of the intended increment.