Deposit Transactions Clause Samples

Deposit Transactions. ▇▇▇▇▇▇▇▇ agrees that it shall only submit card transactions that directly results from bona fide cardholder transactions with that Merchant. ▇▇▇▇▇▇▇▇ agrees that it will not submit a transaction until ▇▇▇▇▇▇▇▇: (i) obtains an authorisation, (ii) completes the transaction, and either: (iii) ships or provides goods, (iv) performs the purchased service, or (v) obtains the cardholder's consent for a recurring transaction.

Deposit Transactions. You agree to only accept payments through PayPal Services for transactions between you and your customer for the sale of goods or services. You shall not submit a transaction for the refinance or transfer of an existing obligation that was uncollectible. You acknowledge that for Visa and MasterCard payments, PayPal shall obtain an authorization for transaction amounts prior to completing the transaction. You shall not request or use a cardholder’s account number for any purpose other than to support payment for your goods and services.

Deposit Transactions. ▇▇▇▇▇▇▇▇ agrees that it shall only accept payments through Airwallex processing services for bona fide transactions between the Merchant and its customer for the sale of goods or services. Merchant shall not submit a transaction for the refinance or transfer of an existing obligation that was uncollectible. Merchant acknowledges that for Visa and MasterCard payments, Airwallex shall obtain an authorization for transaction amounts prior to completing the transaction. Split Transactions. ▇▇▇▇▇▇▇▇ agrees not to split the sale into two (or more) separate amounts in order to avoid obtaining authorisation for the full amount. Except, however in an instance where the Merchant and cardholder agree on a partial shipment of product, or where the transaction qualifies for delayed delivery or special order deposits (such as partial shipments based on inventory on hand), a sale may be split into multiple transactions. Minimum or Maximum/Surcharges. ▇▇▇▇▇▇▇▇ agrees that it shall not set minimum or maximum transaction amounts or impose surcharges as a condition of honouring Visa and MasterCard cards, unless otherwise permitted in the particular jurisdiction of a transaction. Visa and MasterCard Marks. Merchant is authorized to and must use the Visa and MasterCard logos or marks on Merchant’s promotional materials and website to indicate that Visa and MasterCard cards are accepted as funding sources for Airwallex transactions.

Deposit Transactions. (i) The POS will provide you with a list of Product Banks and their offers for CDs and MMDAs (referred to as “Offers”). You acknowledge and agree that each Product Bank is solely responsible for (A) establishing the terms of its Offers and for fulfilling its Offers and

Deposit Transactions. Transactions: Pricing terms: (a) be no lower than the benchmark rate for the same type of deposits for the same term stipulated by the PBOC from time to time; (b) make reference to market interest rates, being the interest rates offered by independent third party commercial banks and/or financial institutions providing the same type of deposit services on normal commercial terms in their ordinary course of business in the same or nearby service area, and in accordance with the principle of fairness and reasonableness; and (c) make reference to the interest rates offered by COSCO SHIPPING Finance to other members of the COSCO SHIPPING Group with the same qualities for the same type of deposit services in the same period of time. The historical highest daily aggregate amount of deposits placed by the Group with COSCO SHIPPING Finance (including the amount of any interest accrued thereon) pursuant to the Existing Financial Services Master Agreement are set out below: For the financial year ended 31 December 2020 RMB million (approximately) For the financial year ended 31 December 2021 RMB million (approximately) For the seven months ended 31 July 2022 RMB million (approximately) Highest daily aggregate deposits amount (including any interest accrued) 2,520 2,795 2,795 The estimated daily maximum aggregate amount of deposits to be placed by the Group with COSCO SHIPPING Finance (including the amount of any interest accrued thereon) for each of the financial years during the term of the New Financial Services Master Agreement and the basis of determination thereof are as follows: For the financial year ending 31 December 2023 RMB million For the financial year ending 31 December 2024 RMB million For the financial year ending 31 December 2025 RMB million Proposed daily maximum aggregate deposits amount (including any interest accrued) 3,500 3,500 3,500 The Proposed Deposit Transactions Caps are determined with reference to: (a) the historical levels and changes in the Group’s cash and bank deposits balances; (b) an anticipated increase in the level of cash of the Group arising from receipt of dividend income from investment during the term of the New Financial Services Master Agreement; (c) an anticipated increase in the number of members of the Group placing deposits with COSCO SHIPPING Finance, including new members following their acquisition by the Group; (d) the anticipated cash flow demand based on the current scale and operation of the business of the Gro...

Deposit Transactions. 4.6.1.1. The Customer is entitled to deposit money into his Deposit Account and accept deposits to the account. The Customer hereby irrevocably authorizes the Bank, throughout the course of its business relationship with it, to accept cash deposits, wire transfers or other transfers of money or cheques or other securities into its Deposit Account, subject to the provisions of money laundering and terrorist financing. 4.6.1.2. The Customer declares that any transaction performed on his order is lawful and assumes the responsibility of proving by any appropriate means the authenticity, legality and where required the uniqueness of the transactions and their supporting documents, obliged to furnish upon first request any additional supporting documents required, in the event of any inspection by the competent Authorities.

Deposit Transactions. Customer may designate deposit accounts to permit no transfers or to permit transfers via InView as follows: (a) only to the account; (b) only from the account; or (c) both to and from the account. To the extent permitted by designations made pursuant to the foregoing sentence, Customer may make transfers between accounts maintained by Customer at Bank. Any request to change the designation of account(s) to or from which funds may be transferred must be submitted to Bank in writing or electronically, in form and content acceptable to Bank, by a person authorized by Customer to make changes.

Deposit Transactions. ▇▇▇▇▇▇▇▇ agrees that it shall only accept payments through Split Transactions. ▇▇▇▇▇▇▇▇ agrees not to split the sale into two (or more) separate amounts in order to avoid obtaining authorisation for the full amount. Except, however in an instance where the Merchant and cardholder agree on a partial shipment of product, or where the transaction qualifies for delayed delivery or special order deposits (such as partial shipments based on inventory on hand), a sale may be split into multiple transactions. Minimum or Maximum/Surcharges. ▇▇▇▇▇▇▇▇ agrees that it shall not set minimum or maximum transaction amounts or impose surcharges as a condition of honoring Visa, MasterCard or AMEX cards, unless otherwise permitted in the particular jurisdiction of a transaction. Visa, MasterCard and AMEX Marks. Merchant is authorized to and must use the Visa,

Deposit Transactions. (i) The POS will provide you with a list of Deposit Banks and their offers for CDs and MMDAs (referred to as “Offers”). You acknowledge and agree that each Deposit Bank is solely responsible for (A) establishing the terms of its Offers and for fulfilling its Offers and (B) compliance of its Offers with law. The interest that you receive on your funds deposited in each Deposit Bank Account will be at the rate paid by the respective Deposit Bank. You further acknowledge and agree that we have no responsibility or liability with respect to the failure of any Deposit Bank to fulfill the terms of its Offer, except to the extent that our acts or omissions cause such a failure. (ii) You may only make a deposit Transaction to a CD or MMDA Deposit Bank Account in connection with a specific Offer. When you make a deposit Transaction to a CD or MMDA Deposit Bank Account, you expressly agree to the terms and conditions of the applicable Offer. (iii) When we receive an instruction from the POS or Raisin that you have made a deposit Transaction, you authorize us to: (A) initiate an ACH debit entry to pull the amount specified in the deposit Transaction from (1) the Cash Account, to the extent you have funds held in the Cash Account; and (2) your Customer Account; and in each case to (B) hold such funds on a temporary basis (if applicable as provided by Section 4(d) below) and (C) to initiate an ACH credit entry to push such funds to the applicable Deposit Bank Account. (iv) You may also elect to deposit funds to your Cash Account from your Customer Account through the Service. When we receive an instruction from the POS or Raisin that you have made a deposit Transaction to the Cash Account from your Customer Account, you authorize us to initiate an ACH debit entry to pull the amount specified in the deposit Transaction from your Customer Account to transfer such funds to the Cash Account. (v) You remain the owner of funds that you deposit to a Deposit Account through the Service.