Your Obligation for Negative Balance Transactions Sample Clauses

Your Obligation for Negative Balance Transactions. Each time you initiate a Card transaction, you authorize us to reduce the funds available in your Card Account by the amount of the transaction and all associated fees. You are not allowed to exceed the available amount in your Card Account through an individual transaction or a series of transactions (creating a “negative balance”). Nevertheless, if any transactions cause the balance in your Card Account to go negative, including any purchase transactions where the retailer or merchant does not request authorization, you shall remain fully liable to us for the amount of any negative balance and any corresponding transaction fees. You may also be liable for any related Insufficient Funds/NSF Fee(s) as set forth in the accompanying “Schedule of Fees and Charges.” We reserve the right to xxxx you for any negative balance or to recoup such negative balance from any other Card we have issued to you. You agree to pay us promptly for the negative balance and any related fees. We also reserve the right to cancel your Card if you create one or more negative balances with your Card.
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Your Obligation for Negative Balance Transactions. Each time you initiate a Mobile Wallet transaction, you authorize the reduction of funds available in your Mobile Wallet Account by the amount of the transaction and all associated fees. You are not allowed to exceed the available amount in your Mobile Wallet Account through an individual transaction or a series of transactions (creating a “negative balance”). If the total cost of a transaction is higher than the Available Mobile Wallet Account Balance, your transaction will be declined and you will need to load additional funds onto your Mobile Wallet Account to proceed with the transaction.
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Your Obligation for Negative Balance Transactions. You are not permitted to overdraw your Card Account. You acknowledge that Card Account balances and available funds reported on the Revolut mobile application are only approximations of real time balances and available funds rather than the settled balances or funds in your Card Account. A reported balance may not take into account pending debits and credits or recurring payments that you have scheduled. Revolut will provide you with information on pending debits and credits as soon as it has that information. Each time you initiate a Card transaction, you authorize us to reduce the funds available in your Card Account by the amount of the transaction and all associated fees. You are not allowed to exceed the available amount in your Card Account through an individual transaction or a series of transactions (creating a “negative balance”). Nevertheless, if for any reason (including, but not limited to, any technical errors on our behalf or on behalf of our third-party providers) you have a negative balance in your Card Account you agree to immediately load the required amount to correct the negative balance, which will be due without the need for notifying you, and you shall remain fully liable to us for the amount of any negative balance and any corresponding transaction fees. We reserve the right to bill you for any negative balance or to recoup such negative balance from any other Card or account we have issued to you. You agree to pay us promptly for the negative balance and any related fees. We also reserve the right to cancel your Card if you create one or more negative balances with your Card. Additionally, if any transactions cause the balance in your Card Account to become negative: (a) we may exercise our right to collect the negative balance from you in accordance with the section of this Agreement titled “Right to Collect Funds”; (b) we may initiate a chargeback procedure in accordance with law or applicable Visa and Mastercard rules for any specific transaction which led to your Card Account having a negative balance to the extent permitted by the applicable network rules, or (c) we and/or Revolut may take debt collection measures, including, but not limited to, mandating a debt collection agency or attorneys to pursue the claim in court. If we and/or Revolut take any (or all) of these steps, we and/or Revolut may charge you our reasonable costs for doing so. If you have a negative balance on your Card Account that triggers our right to collec...
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Your Obligation for Negative Balance Transactions. Each time you initiate a Card transaction, you authorize us to reduce the funds available in your Card Account by the amount of the transaction and all associated fees. You are not allowed to exceed the available amount in your Card Account through an individual transaction or a series of transactions (creating a “negative balance”). Nevertheless, if any transactions cause the balance in your Card Account to go negative, including any purchase transactions where the retailer or merchant does not request authorization, you shall remain fully liable to us for the amount of any negative balance and any corresponding transaction fees. You may also be liable for any related Insufficient Funds/NSF Fee(s) as set forth in the accompanying “Schedule of All Fees and Charges (Schedule A),” if any. We reserve the right to bill you for any negative balance or to recoup such negative balance from any other Card we have issued to you. You agree to pay us within 30 days to cover the negative balance and any related fees. If your Card Account balance remains negative for more than 30 days, you agree that we and/or Program Manager may seek to recover these negative funds from your USD Fiat Wallet by debiting the amount owed. You agree to pay us promptly for the negative balance and any related fees. We also reserve the right to cancel your Card if you create one or more negative balances with your Card.
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Your Obligation for Negative Balance Transactions. Each time you initiate a transaction, you authorize the Program Manager to deduct the USD Funds available in your Fiat Wallet by the amount of the transaction and all associated fees. You are not allowed to initiate a transaction that exceeds the available amount in your Fiat Wallet Account through an individual transaction or a series of transactions (creating a “negative balance”). Nevertheless, if any transactions cause the balance in your Account to go negative, you shall remain fully liable to us for the amount of any negative balance and any corresponding transaction fees. You may also be liable for any related Insufficient Funds/NSF Fee(s) as set forth in the accompanying “Schedule of Fees and Charges (Schedule A).” We reserve the right to bill you for any negative balance or to recoup such negative balance from any other Accounts we have issued to you, including your other accounts within in your Xxxxxx.xxx App. You agree to pay us promptly for the negative balance and any related fees. We also reserve the right to cancel your Account if you create one or more negative balances with your Account.
Sample 1
Your Obligation for Negative Balance Transactions. You acknowledge that Card Account balances and available funds reported on the Dashboard are only approximations of real time balances and available funds rather than the settled balances or funds in your Card Account. A reported balance may not take into account pending debits and credits or recurring payments that you have scheduled. We will provide you with information on pending debits
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Your Obligation for Negative Balance Transactions. You acknowledge that Card Account balances and available funds reported on the Dashboard are only approximations of real time balances and available funds rather than the settled balances or funds in your Card Account. A reported balance may not take into account pending debits and credits or recurring payments that you have scheduled. We will provide you with information on pending debits and credits as soon as we have that information. Each time you initiate a Card transaction, cash withdrawal, ACH debit transaction or outgoing wire transaction, you authorize us to reduce the funds available in your Card Account by the amount of the transaction and all associated fees. You are not allowed to exceed the available amount in your Card Account through an individual transaction or a series of transactions (creating a “negative balance”). Nevertheless, if for any reason (including, but not limited to, any technical errors on our behalf or on behalf of our third-party providers) you have a negative balance in your Card Account, you agree to immediately load the required amount to correct the negative balance, which will be due without the need for notifying you, and you shall remain fully liable to us for the amount of any negative balance and any corresponding transaction fees.
Sample 1
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Your Obligation for Negative Balance Transactions. You acknowledge that Uphold USD Account balances and available funds reported on the account portfolio balance within the portfolio tab of the Uphold website or mobile application are only approximations of real time balances and available funds rather than the settled balances or funds in your Uphold USD Account. A reported balance may not take into account pending debits and credits or recurring payments that you have scheduled. Each time you initiate a Card transaction, you authorize us to reduce the funds available in your Uphold USD Account by the amount of the transaction and all associated fees. You are not allowed to exceed the available amount of U.S. dollars in your Uphold USD Account through an individual transaction or a series of transactions (creating a “negative balance”). However, if any transactions cause the balance in your Uphold USD Account to go negative, including any purchase transaction involving a retailer or merchant that does not request full value authorization, you shall remain fully liable to us for the amount of any negative balance and any corresponding transaction fees. You may also be liable for any related Insufficient Funds/NSF Fee(s) as set forth in the accompanying “Schedule of Fees and Charges (Schedule A).” We reserve the right to bill you for any negative balance or to recoup such negative balance from any other Card or account we have issued to you or account or sub-account you have with Uphold, and you authorize Uphold to transfer any funds in any account or sub-account you have with Uphold for this purpose. You agree to pay us promptly for the negative balance and any related fees. We also reserve the right to terminate your Uphold USD Account or cancel your Card if you create a negative balance.
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Related to Your Obligation for Negative Balance Transactions

  • Conditions Precedent to the Obligations of Sellers The obligations of Sellers to consummate the Transactions are also subject to the satisfaction at or prior to the Closing Date of each of the following conditions, unless waived by the Seller Representative in writing: (a) Each representation and warranty of Buyer contained in this Agreement shall, if specifically qualified by materiality or Material Adverse Effect, be true and correct in all respects and, if not so qualified, be true and correct in all material respects, in each case as of the date of this Agreement and on and as of the Closing Date, as though made on and as of such date (other than those representations and warranties made as of a specific date, which shall be true and correct or true and correct in all material respects, as the case may be, as of such date). (b) Buyer shall have performed in all material respects all of its obligations and agreements, and complied in all material respects with all covenants and conditions, contained in this Agreement shall to be performed or complied with by it prior to or on the Closing Date; provided, that, with respect to obligations and agreements that are qualified by materiality, Buyer shall have performed such obligations and agreements, as so qualified, in all respects. (c) Buyer shall have delivered to Seller a certificate, dated the Closing Date, signed by a duly authorized officer of Buyer certifying as to (i) the fulfillment of the conditions specified in Sections 8.2(a) and (b), and (ii) the incumbency of each Person having authority to execute and deliver this Agreement and the Transaction Documents to which Buyer is party. (d) There shall not have been any material statute, rule, regulation, order, judgment or decree proposed, enacted, promulgated, entered, issued, enforced or deemed applicable by any foreign or United States federal, state or local Governmental Authority, and there shall be no action, suit or proceeding pending or threatened, which: (i) makes or may make any Transaction Document or any of the Transactions illegal, or imposes or may impose material damages or penalties in connection therewith; or (ii) otherwise prohibits or unreasonably delays, or may prohibit or unreasonably delay the Transactions. (e) Since the date hereof, nothing shall have occurred, and Sellers shall not have become aware of any circumstance, change or event having occurred prior to such date, which individually or in the aggregate, has had or could reasonably be expected to have, a Material Adverse Effect on the consummation of the Transactions. (f) Since the date hereof, there shall not have been any Material Adverse Effect on Buyer, or any event, change, or effect that would, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect on Buyer. (g) Buyer shall have delivered to Sellers such other documents or instruments as Sellers reasonably request and are reasonably necessary to consummate the Transactions.

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