Définition de Account Holder
Examples of Account Holder in a sentence
The Framework Contract has the purpose of defining the conditions in which the Service Provider provides Payment Services to the Account Holder in return for payment as defined in Article 10 herein.
The Account Holder is asked to carefully read this Framework Contract provided to them by the Platform before accepting it.
These Payment Services include: - opening and managing the Payment Account, - registering on the Payment Account of the Account Holder the funds transferred by the Platform by credit transfer, - carrying out recurring or one-time Payment Operations by debiting the Payment Account, - deducting the fees due in compliance herewith, - reversal of funds transfer, duly cancelled by the Platform.
The Account Holder may set up a preauthorized payment plan by contacting its branch or business center coordinator, as applicable.
In addition, in the event that a Suretyship was granted in favour of the Bank, the surety/guarantor (including the Authorized User in the event that the Suretyship was granted by said Authorized User) may be solidarily (jointly and severally outside the province of Quebec) liable with the Account Holder for the entire Debt and applicable interest charged to the Account.
The Account Holder shall therefore take any administrative delays associated with means of payment (for example; by mail, through another financial institution) into consideration when making a payment under this Agreement.
In the event of a delay or interruption in sending one or more Account Statements, for whatever reason, the Account Holder shall be responsible for contacting the Bank at least once a month during the delay or interruption period in order to gather the information required to comply with the terms and conditions of this Article.
The Account Holder must immediately pay a portion of the Debt exceeding the Credit Limit.
The Account Holder must pay the Account Balance no later than on the due date indicated on the Account Statement which will be a maximum of 28 days after the issuance of the statement.
This service is to avoid interruption of a service or membership previously agreed upon between the Account Holder and the merchant.