Examples of Unauthorised Payment in a sentence
Additional Costs means (a) any costs or charges incurred by GoCardless in respect of any Unauthorised Payment Orders or Incorrectly Executed Payment Orders; and (b) any costs or fees incurred by GoCardless in relation to the cancellation or failure of any Payment Orders, in each case other than as a result of fault or failure of GoCardless.
The Trustees shall exercise their powers under clause 7 in a manner which they are satisfied is consistent with the Scheme’s Registration and which will not result in the Scheme making or being treated as having made an Unauthorised Payment.
No payment shall be made under the Scheme if it would be an Unauthorised Payment unless the Trustee and the Founder agree.
In such case, the Merchant will be liable to GoCardless for any and all Losses suffered or incurred by GoCardless as a result of any such Unauthorised Payment Order or Incorrectly Executed Payment Order.
To Seller’s Knowledge, none of the information furnished or to be furnished by or on behalf of the Company for inclusion or incorporation by reference in the disclosure that will be made to OTC Markets in providing “current information” in connection with this Agreement will, as of the time furnished, contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading.