Common use of Payment Facility Clause in Contracts

Payment Facility. 6.1 The Card can be used in the territory as specified in the table of charges as attached to the Agreement for purchasing products and services from Acceptors, under the condition that these Acceptors accept Visa business cards, the Prefunded Balance of the Card is sufficient to pay the Transaction with the Card and the Card Holder is authorised for such a Transaction. The Card is not a credit card and payments with the Card cannot be made as long as no Prefunded Balance has been posted to the Card by the Customer. Neither Imagor nor XXImo grant to the Customer or Card Holder any form of credit in the context of the Card or Transactions. In accordance with article 77 §5, of the law of 21 December 2009 on payment institutions and e-money institutions, neither the Card nor the Prefunded Balance are “repayable funds/deposits” within the meaning of Belgian laws and regulations. 6.2 Cards are not transferable or usable by others than Card Holders as nominated by the Customer and notified to XXImo. The Card is issued by the Card Company to the Customer and not directly to the Card Holders. The Card can only be used by the Card Holder and expires on the date that is indicated on the front of the Card. The Customer receives, prior to the expiration of the period of use of the Card, automatically a new Card for that Card Holder, unless the Customer and/or Card Holder has indicated in writing to XXImo that they wish to terminate the use of the Card by the Card Holder. The use of all Cards issued to the Customer will furthermore be cancelled notwithstanding other mentioning of the expiration date on the physical Cards issued to the Customer, if the Agreement is terminated on the regular termination date or at earlier termination of the Agreement. From the date of termination of the Agreement, all Cards issued to the Customer will automatically be blocked and the Card Holders will no longer be able to use the Cards as a payment means. The Card may not be used for any illegal activities. The Customer and the Card Holders have to comply with all laws and regulations, in all jurisdictions where the Card is used. 6.3 Imagor and/or XXImo acting as a distributor for Imagor may, without notice, suspend its service under the Agreement and block the Card(s) issued to the Customer, in all the cases referred to in Article 6.2 of these Terms and Conditions of Sale. XXImo and/ or Imagor do not warrant that the Card, the Prefunded Balance and related services can be used without interruption or malfunctioning.