General conditions1 Sample Clauses
The 'General Conditions' clause establishes the foundational rules and terms that govern the overall agreement between the parties. It typically covers broad topics such as definitions, interpretation, governing law, and the general rights and obligations of each party. For example, it may specify how notices should be delivered or outline the process for amending the contract. The core function of this clause is to provide a consistent framework that ensures clarity and predictability throughout the contract, reducing the risk of misunderstandings or disputes.
General conditions1. 5.1.1. The payment transactions ordered by the Customer shall be executed to the extent to which:
a) the balance of the current account fully covers the value of the transactions, as well as commissions and charges payable to the Bank; b) the account from which the payment was ordered is not declared unavailable based on a court decision, enforceable deed, garnishment notification, precautionary garnishment notification, any other unavailability act issued by competent authorities or criminal investigation bodies in virtue of the legal provisions which are applicable on the unavailability date;
General conditions1. 5.1.1. The payment transactions ordered by the Customer shall be executed to the extent to which:
a) the balance of the current account fully covers the value of the transactions, as well as commissions and charges payable to the Bank; b) the account from which 1The links for the main European Regulations regarding payment services are: - ▇▇▇▇▇://▇▇.▇▇▇▇▇▇.▇▇/info/business-economy-euro/banking- and-finance/consumer-finance-and-payments/payment- services/payment-services_ro - ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇/regulation-and-policy/payment- services-and-electronic-money/-/activity- list/MgjX6aveTl7v/more the payment was ordered is not declared unavailable based on a court decision, enforceable deed, garnishment notification, precautionary garnishment notification, any other unavailability act issued by competent authorities or criminal investigation bodies in virtue of the legal provisions which are applicable on the unavailability date; c) the Customer has not breached commitments assumed toward the Bank, and the orders could not cause any prejudice to the Bank; d) the payment order is adequately authorized in virtue of the effective legislation and the provisions of this Contract, is clearly filled in and issued in the required format; e) the payment order comprises the information indicated under section 5.3; f) the Bank has no doubt that the payment order is issued by the Customer; g) in order to execute the transaction the Bank would not act against legal provisions or other applicable obligations; h) the Bank does not suspect fraudulent activity; i) the execution of the instruction cannot cause any limit or any restriction applicable to the Customer’s account to be exceeded; j) the Bank has no other valid reason for not executing the transaction. .
General conditions1. 5.1.1. The payment transactions ordered by the Customer shall be executed to the extent to which:
a) the balance of the current account fully covers the value of the transactions, as well as commissions and charges payable to the Bank; b) the account from which the payment was ordered is not declared unavailable based on a court decision, enforceable deed, garnishment notification, precautionary garnishment notification, any other unavailability act issued by competent authorities or criminal investigation bodies in virtue of the legal provisions which are applicable on the unavailability date; c) the Customer has not breached commitments assumed toward the Bank, and the orders could not cause any prejudice to the Bank; d) the payment order is adequately authorized in virtue of the effective legislation and the provisions of this Contract, is clearly filled in and issued in the required format; e) the payment order comprises the information indicated under section 5.3; f) the Bank has no doubt that the payment order is issued by the Customer; g) in order to execute the transaction the Bank would not act against legal provisions or other applicable obligations; h) the Bank does not suspect fraudulent activity; i) the execution of the instruction cannot cause any limit or any restriction applicable to the Customer’s account to be exceeded; j) the Bank has no other valid reason for not executing the transaction. .