Common use of Your Obligation for Negative Balance Transactions Clause in Contracts

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.

Appears in 5 contracts

Samples: User Agreement, Mygenesis Wallet Agreement, Mygenesis Wallet Agreement

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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.available

Appears in 1 contract

Samples: Mobile Wallet Agreement

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