Common use of Execution of Payment Transactions Clause in Contracts

Execution of Payment Transactions. The sums credited to the Payment Account will be transferred automatically to the bank account of the Seller – less fees owed by the Seller under this Framework Agreement – as soon as the following conditions are met:  The purchased good for which the sums have been payed has been delivered to the Buyer according to the delivery service; and  The 14 days withdrawal period has expired without the Buyer executing his right of withdrawal. As soon as these conditions are met, the Service Provider will transfer the respective amount from the Payment Account to the Seller’s bank account automatically and without the requirement of the Seller’s further activity.

Execution of Payment Transactions. The sums credited to the Payment Account will be transferred automatically to the bank account of the Seller – less fees owed by the Seller under this Framework Agreement – as soon as the following conditions are met:  − The purchased good for which the sums have been payed has been delivered to the Buyer according to the delivery service; and  The 14 days withdrawal period has expired without the Buyer executing his right of withdrawal. As soon as these conditions are met, the Service Provider will transfer the respective amount from the Payment Account to the Seller’s bank account automatically and without the requirement of the Seller’s further activity.

Execution of Payment Transactions. The sums credited to the Payment Account will be transferred automatically to the bank account of the Seller – less fees owed by the Seller under this Framework Agreement – as soon as the following conditions are met:  − The purchased good for which the sums have been payed has been delivered to the Buyer according to the delivery service; and  − The 14 days withdrawal period has expired without the Buyer executing his right of withdrawal. As soon as these conditions are met, the Service Provider will transfer the respective amount from the Payment Account to the Seller’s bank account automatically and without the requirement of the Seller’s further activity.