MANGOPAY’s liability Sample Clauses

MANGOPAY’s liability. MANGOPAY can in no circumstances be held liable for any indirect losses they may cause. Under this Agreement, MANGOPAY’s financial liability towards the Partner is limited to the cumulative amount of the annual charges received by MANGOPAY. The Customersfunds received by MANGOPAY are held separately in a ring-fenced account in compliance with the requirements concerning safeguarding of funds in accordance with the Law of 10 November 2009 governing the payment services, the activity of EMIs and the definitive payment through the payment systems and the delivery systems of financial instruments. The account is opened and maintained by the Bank in the name of the Provider to safeguard the funds corresponding to the amount credited to each Payment account opened by MANGOPAY and held by the Customer. The funds thus segregated: • are not part of MANGOPAY’s own assets and, being solely for the benefit of the Customers, are protected from the claims of MANGOPAY’s other creditors; and • are not included as part of the assets of MANGOPAY in its capacity as a Payment account institution in the event of its liquidation, bankruptcy or any other situation affecting its creditors’ rights. For reasons linked to the legislation concerning the prevention of fraud, money- laundering and the financing of terrorism, MANGOPAY maintains constant vigilance over all payment Transactions it executes. MANGOPAY offers an anti-fraud module including the 3D Secure payment security protocol covering any credit or debit card transaction. Depending on the amount of the transaction, this authentication system is flexible and allows selection of criteria based on the payment source. MANGOPAY has its own procedures for preventing fraud, money- laundering and the financing of terrorism. The Partner must immediately comply with all MANGOPAY’s requirements needed to comply with the aforesaid procedures. The Partner acknowledges that a User is permitted to dispute an unauthorised card money remittance order for a maximum period of 13 months starting from the debit on his account linked to the card used. The Partner, collectively with each Merchant, must bear all the consequences of any such dispute or any other action that constitutes a charge back for a Merchant. A chargeback or dispute is the return of funds to a consumer, initiated by the issuing bank of the instrument used by a consumer to settle a debt. Any charge back will be charged by MANGOPAY to the Merchant Payment account and in cas...
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Related to MANGOPAY’s liability

  • Company's Liability The Consultant agrees to defend, indemnify, and hold the Company harmless from an against any and all reasonable costs, expenses and liability (including reasonable attorney's fees paid in defense of the Company) which may in any way result pursuant to its gross negligence or willful misconduct or in any connection with any actions taken or statements made, on behalf of the Company, without the prior approval or authorization of the Company or which are otherwise in violation of applicable law.

  • Cross-Liability All required liability policies shall provide cross-liability coverage as would be achieve under the standard ISO separation of insureds clause.

  • Your Liability The following determines your liability for any unauthorized EFT or any series of related unauthorized EFTs:

  • Advisor’s Liability The Advisor shall have responsibility for the accuracy and completeness (and liability for the lack thereof) of the statements in each Fund’s offering materials (including the prospectus, the statement of additional information, and advertising and sales materials), except for information supplied by the co-administrators or the Trust or another third party for inclusion therein. The Advisor will not be liable for any error of judgment or mistake of law or for any loss suffered by Advisor or by the Trust in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting from willful misfeasance, bad faith or gross negligence on its part in the performance of its duties or from reckless disregard by it of its duties under this Agreement.

  • Civil Liability 47.01 If any civil action is brought against any employee covered by this Agreement for an alleged tort committed by the employee in the performance of their assigned duties, (a “workplace claim”) then:

  • Our Liability (a) The quality and reliability of your electricity supply and the quality, pressure and continuity of your gas supply is subject to a variety of factors that are beyond our control as your retailer, including accidents, emergencies, weather conditions, vandalism, system demand, the technical limitations of the distribution system and the acts of other persons (such as your distributor), including at the direction of a relevant authority.

  • Reinsurer’s Liability The Reinsurer’s liability with respect to the Reinsured Risks will terminate on the earliest of: (i) the date the Company’s liability with respect to the Reinsured Risks is terminated and all amounts due the Company from the Reinsurer with respect to such Reinsured Risks are paid to the Company by or on behalf of the Reinsurer; and (ii) the date this Agreement is terminated upon the written agreement of the parties.

  • Umbrella Liability The Umbrella / Excess Liability must be at least as broad as the underlying general liability and automobile liability policies. Limits – Each Occurrence $1,000,000 General Aggregate $1,000,000

  • Products Liability There is no Action before any Governmental Authority involving Seller based upon breach of product warranty, strict liability in tort, negligent design, negligent manufacture of product, defects in design, manufacture, materials or workmanship, negligent provision of services, or any other allegation of liability, including or resulting in product recalls, arising from the materials, design, testing, manufacture, packaging, labeling (including instruction for use), documentation or sale of products (collectively, “Product Claims”; and, to the Knowledge of Seller, there is no basis for any such Product Claim. To the Knowledge of Seller, there are no material errors in any published technical documentation, specifications, manuals or user guides provided in the ordinary course of business to customers of the Business. There have been no material defects in design, manufacturing, materials or workmanship, including any failure to warn, or any breach of express or implied warranties or representations, which involve any product manufactured (or to be manufactured), shipped, sold, installed or delivered by or on behalf of Seller. There have been no product recalls by Seller with respect to any products manufactured (or to be manufactured), shipped, sold, installed or delivered by or on behalf of Seller, or to the Knowledge of Seller any investigation or consideration of or decision made by any Person or Governmental Authority concerning whether to undertake or not to undertake any recall. All manufacturing standards applied, testing procedures used, and product specifications disclosed to customers by Seller have complied in all material respects with all requirements established by any applicable Law or any Governmental Authority.

  • Seller’s Liability SELLER’s liability with respect to the Product sold to END USER shall be limited to the warranty provided herein. SELLER shall not be subject to any other obligations or liabilities, whether arising out of breach of contract, warranty, tort (including negligence and strict liability) or other theories of law, with respect to products sold or services rendered by seller, or any undertaking, acts or omissions relating thereto. Without limiting the foregoing, SELLER specifically disclaims any liability for property or personal injury damages, penalties, special or punitive damages, damages for lost profits or revenues, services, down time, shut down or slow down costs, or for any other types of economic loss, and for claims of END USER’s customers or any third party for any such damages. SELLER shall not be liable for and disclaims all consequential, incidental and contingent damages whatsoever.

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