Rights and Obligations of the Parties Sample Clauses
The "Rights and Obligations of the Parties" clause defines the specific duties, responsibilities, and entitlements of each party involved in the agreement. It typically outlines what each party is required to do or refrain from doing, such as delivering goods, making payments, or maintaining confidentiality, and may also specify timelines or standards for performance. By clearly delineating these roles and expectations, the clause helps prevent misunderstandings and disputes, ensuring that both parties understand their commitments and the benefits they are entitled to under the contract.
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Rights and Obligations of the Parties. SECTION 1
Rights and Obligations of the Parties. 5.2.1. The client is obliged to:
5.2.1.1. Check for an SMS at the moment of issuance of a card, by which means they will receive a pin code, or check the integrity of the envelope in which the pin code is given;
5.2.1.2. Regularly review and abide by card usage and security regulations developed by the Bank, and not allow disclosure of the card and/or pin-code to the third persons;
5.2.1.3. Reimburse those bank expenses which are related to additional service costs of VISA and Mastercard (if any);
5.2.1.4. Use the card to pay the Bank any commission fee related to card servicing (producing, renewal, including in the international stop-list, etc.) and processing card transactions consistent with the tariff established by the Bank and/or international payment systems;
5.2.1.5. Perform transactions on the card account only within the limits of the available balance. The Bank shall impose a penalty on an intentionally or erroneously overspent amount in excess of the available balance according to the tariff established by the Bank for each day of using the surcharge amount;
5.2.1.6. Promptly fill surcharged amount;
5.2.1.7. Promptly notify the Bank about loss of the card;
5.2.1.8. Shall process card payment transaction in the internet only through the web pages having secure payment certifications (web pages where MasterCard SecureCode or Verified by VISA logos are depicted, allowing for making payment with 3D security code). The bank shall bear no responsibility for the transactions of the client made at the web-pages having no secure payment certifications.
5.2.2. The client is authorized to:
5.2.2.1. At any time obtain information on transactions held at the card account and request statements reflecting such transactions. The client is authorized to become familiar with the transactions made at the card accounts in the internet banking and/or address JSC “Pasha Bank Georgia” telephone services center – contact center and/or any branch of the bank to obtain such information. Card transactions statements shall be issued in a form requested by the client in the timelines established by the bank, however no later than 2 (two) banking days after the request of the client has been made. The bank is entitled to establish the commission for issuing the transaction statement made for the card account.
5.2.2.2. Submit a justified claim on transactions performed on the card account consistent with clause 5.4 of the present agreement.
5.2.3. The client acknowledges th...
Rights and Obligations of the Parties. 12.1. The client is obliged to:
12.1.1. for any kind of bank service/for use of bank product to pay the bank the commission fee and/or any other fee, necessary for receiving the bank service;
12.1.2. without undue delay shall promptly notify the bank on amendments to the submitted documents and information, including change of the contact information (legal/factual address, telephone number, email etc.) otherwise the notification sent to the address known to the bank shall be deemed as submitted. Also, shall have means of communication and the network (among them mobile phone, computer, internet) in working/active conditions, otherwise the bank shall bear no responsibility for the results/damage;
12.1.3. promptly notify the bank in writing regarding disposal of the account, performing transactions on the account, on change of the persons authorized to receive information about the account and/or charge of their authorization and submit respective written documents to the bank. The obligation to notify outlined in the indicated clause applies to all those documents submitted to the bank and under which the client is authorized to act on his/her own behalf. Prior to submission of these documents to the bank, the bank performs transaction to the accounts on the basis of the previously submitted documents and the signature sample.
12.1.4. when opening each account, to submit the bank requested documents regarding client’s tax/entrepreneurial status. Also, promptly notify on change of the above indicated status.
12.1.5. use the accounts opened by the bank for him/her for the entrepreneurial purposes only in the event he/she has a relevant tax/entrepreneurial status and the bank is preliminarily informed on this. Otherwise, the client is requested not to use his/her accounts for entrepreneurial activities;
12.1.6. when performing transactions to the account(s), to submit full, exhaustive and accurate information to the bank on the purpose of the transaction/payment and submit to the bank any requested document (copies of documents proving grounds for transfer).
12.1.7. submit to the bank any requested document for performance of the transaction, which is needed by the bank for thorough identification of the client, for establishment of the nature of the transaction, purpose, type of transfer and compatibility of the subject transaction with the legislation.
12.1.8. notify the bank about accidentally transferred money to his account within 1 (one) banking day aft...
Rights and Obligations of the Parties. 3.1 Party A and/or its affiliated parties are responsible for the project development tasks, objectives, costs, development progress and R&D quality control, while Party C is responsible for handling the necessary formalities such as product announcement, 3C certification and environmental protection announcement declaration of the Cooperative Vehicle Models, and providing necessary technical data and related documents. If on-site audit or inspection is required by relevant laws and regulations or government authorities, Party B shall cooperate according to the requirements of government authorities, Party A and/or its affiliated parties, and Party C (including but not limited to cooperating with on-site work and providing documents and materials).
3.2 Party A and/or its affiliated parties are responsible for supply chain management such as direct material supplier selection, pricing and point setting, business negotiation, supplier management, purchase order placement, supplier capacity and supply timeliness guarantee. Party B will timely accept the materials delivered by the supplier according to the acceptance standards and requirements recognized by Party A and/or its affiliated parties (including but not limited to package confirmation, visual inspection, quantity check, model check, and quality problems), and properly keep and settle the material price. If it is necessary to pay the supplier in advance due to material shortage and other reasons, Party A and/or its affiliated parties shall pay the corresponding material price to Party B in advance, which may be deducted from the vehicle kit payment payable by Party A and/or its affiliated parties to Party B.
3.3 Party B will manufacture the Cooperative Vehicle Models according to the quality assurance requirements agreed in Appendix 4 Quality Agreement. Party B shall formulate the inspection documents of the Cooperative Vehicle Models according to Appendix 4 Quality Agreement or the acceptance standards confirmed separately with Party A, and carry out the process inspection and ex-factory inspection of the Cooperative Vehicle Models accordingly. Party A and/or its affiliated parties have the right to inspect the Cooperative Vehicle Models prior to delivery, and also have the right to conduct random inspection upon delivery by Party B.
3.4 Party B will coordinate Party C to handle the Certificate, conformity certificate, 3C labeling, printing and information uploading of the environmental protection on...
Rights and Obligations of the Parties. 3.1. The swimmer has the right:
3.1.1. To perform electronic registration for the Swim at any of the chosen distance among those available at the time of registration, in accordance with the Regulations posted on the website of the Organizer ▇-▇▇▇▇▇▇.▇▇▇.
3.1.2. In case of payment of the registration fee and fulfillment of the Organizer's requirements for admission to the swim (in accordance with the Regulations), to receive the Participant's Starter Package and participate in the Swim at the time set by the Organizer.
Rights and Obligations of the Parties. The Licensee undertakes: - under article 1287 of the Civil Code of the Russian Federation, to begin using the work within a period usual for this type of works and their application, calculated after the editor-in-chief (editorial board) of the Journal has decided to accept the Article for publication. The time of using the Article through its reproduction is determined according to the periodicity of issuing the Journal. The Journal's periodicity is given in the imprint of each issue of the Journal; - not to introduce without the Author's written consent changes, abridgments, and additions to the Article, including its title and the designation of the Author's name, as well as not to provide the Article with illustrations, forewords, afterwords, commentaries, and any explanations without the Author's consent; - to ensure free delivery to the Author's e-mail an electronic PDF copy of the Article provided the Author has given his/her e-mail address herein; - to ensure the review of the Article; the scientific, literary, and desktop editing; the making and/or processing of illustrative material provided for by the Author or the Licensee in the presence of the Author's consent to its inclusion into the Article; the making of the camera-ready copy; and the printing of the Article.
Rights and Obligations of the Parties. 6.3.1 The Bank is authorized to:
6.3.1.1 By means of the Internet Banking service, make information available to the client on its accounts;
6.3.1.2 Under assignment of the client, perform transactions allowed by the Bank in the scope of the Internet Banking service;
6.3.1.3 For the purpose of risk reduction, establish unilateral restrictions on the active transactions of the client (transfers, conversions) and establish marginally acceptable parameters of such transactions (maximum amount of a single transfer, maximum amount of the totally transferred amount during a particular period, maximum number of transfers, the need to approve transactions of one user by another, etc.).
6.3.2 The client is committed to:
6.3.2.1 Keep secure any information necessary for use of internet banking, a document or device, the password and username, and the respective Digipass device (if any);
6.3.2.2 Not disclose the password and/or username to a third person, not to store data on the computer or any technical device by means of which the client accesses the internet page of the Bank;
6.3.2.3 In case of losing or revealing the password, device or any other code (including if they are obtained by a third person,) the client must notify the Bank promptly by means of communication determined by the present agreement on the basis of which the Bank shall suspend the internet banking service;
6.3.2.4 Ensure that the address indicated in clause 6.1.1. of this agreement is actually stated in the address field and each time of accessing the internet bank, prior to the commencement of work, they check the security certificate;
6.3.2.5 Upon completion of work in the internet bank, exit the program by clicking the “exit” button;
6.3.2.6 Not trust notifications received by email, the authors of which on behalf of the Bank request provision/renewal of personal and/or Bank data.
6.3.3 The client is aware that in case of their disregarding/neglecting the safety measures determined by the Bank, the Bank waives any responsibility for the inflicted result(s).
6.3.4 Claims of any kind by the client regarding transactions and services performed via internet bank shall be accepted according to the regulation stipulated by the legislation.
Rights and Obligations of the Parties. 12.1. The client has the right to expect to receive all the services of the Company described above. The Company has the right to require the Client to use the trading account for its intended purpose, that is, execution of up to three standard lots in the case of any non-trading operation on the account, in case of withdrawal of funds without performing trading operations, while the expiration time of the transaction must be at least 5 minutes.
12.2. The Company reserves the right to demand from the Client to reimburse their own expenses for maintaining the Client’s trading account if there is no trading operations on the client’s account and (or) in case of withdrawal of funds without performing trading operations in accordance with paragraph 12.1. of this agreement. The minimum amount of the commission from the Client’s account is 30% of the total amount of money transferred by the Client, but not less than 80 US dollars (70 Euros), depending on the currency of the account.
12.2.1. If the Client has not performed any trade operation within 90 calendar days, the Company has the right to retain from the Client’s account an amount of 100 US dollars (90 Euros) depending on the currency of the Client’s trading account. In the event that the amount of all the funds at the time when the commission removes is lower than the above mentioned, the Company has the right to cancel the Client’s account without the possibility to be replenished. The Company has the right to withhold monthly the amount of 30 US dollars (20 Euros) depending on the currency of the Client’s trading account for each month of no trading activity after the expiration of the 90-day period since the date of the last trading operation performed by the Client.
12.3. The Client is entitled at any time to transfer all or part of the funds from his Trading Account under conditions of this Agreement described in paragraph 12.1.
12.3.1. Restrictions on full or partial withdrawal of funds from the Client's Trading Account may be caused by the conditions described in the bonus agreement, as well as the presence of open trading positions at the time of creating an application for withdrawal of funds.
12.4. The Company has the right to require the Client to provide the details used when crediting funds to the Trading Account to transfer all or part of the Client’s funds available for withdrawal, as well as the documents confirming the source of funds and (or) initiate the procedure of full personal ident...
Rights and Obligations of the Parties. 13.2.1 The client shall be under obligation:
13.2.1.1 to send SMS to the cell phone number of the bank according to terms and conditions disseminated by the bank in its sources;
13.2.1.2 not to permit disposal of his/her cell phone and/or SIM card by third parties;
13.2.1.3 in case of change and/or loss of the cell phone, SIM card and/or cell number to inform promptly the bank by calling at +99532 272727, in writing, through internet banking or bank-client.
13.2.1.4 Have sufficient amount on the account (accounts) for the service fee
13.2.2 The client is entitled :
13.2.2.1 At any time to demand from the bank to cease sending of the SMS of the advertisement character (goods and/or service offerings). In order to verify the indicated demand the client shall implement one of the below listed actions:
13.2.2.1.1 To visit the branch of the bank;
13.2.2.1.2 To verify the demand with the telephone service-center;
13.2.2.1.3 By means of the internet bank to send to the bank notifications from the relevant personal parameters page.
13.2.3 The bank shall be under obligation:
13.2.3.1 In furtherance of the client’s notification (verbal (through the phone), written or through internet banking/ bank-client) on loss of the cell phone and/or SIM card, to ensure suspension of SMS service until receipt of new instructions from the ▇▇▇▇▇▇.▇▇ case if application is submitted by the client to the Bank verbally (by phone), identification of the client shall be carried out according to the procedure outlined in paragraph 11.2 hereof.
13.2.3.2 The bank is liable no later than in 10 (ten) business days upon receipt of the client’s demand as indicated in the subparagraph 13.
2.2.1 of the Agreement to cease sending to the client the SMS of the advertisement character (goods and/or service offerings
13.2.4 The bank shall have the right:
13.2.4.1 to refuse carrying out the client’s instruction in the event of insufficient funds standing to the client’s account and/or incorrect (in breach of this agreement or provisions stipulated in sources disseminated by the bank) notification sent to the bank or existence of any outstanding debts towards the bank;
13.2.4.2 to send to the client advertising messages;
13.2.4.3 to send to the client messages on credit amounts (loan, overdraft, credit limit and/or other credit products), payment date, liabilities and/or effected automatic transfers (the bank shall not be under obligation to send the above notifications and in any event, regardless we...
Rights and Obligations of the Parties. 13.2.1 The client shall be under obligation:
13.2.1.1 to send SMS to the cell phone number of the bank according to terms and conditions disseminated by the bank in its sources;
13.2.1.2 not to permit disposal of its cell phone and/or SIM card by third parties;
13.2.1.3 in case of change and/or loss of its cell phone and/or SIM card and/or cell number to inform promptly the bank through the telephone hot line (using the number +99532 2272727), in writing or by internet banking accordingly.
13.2.2 The bank shall be under obligation:
13.2.2.1 In furtherance of the client’s notification (verbal (through the phone), written or through internet banking) on change of cell number or loss of the cell phone and/or SIM card, to ensure suspension of SMS service until receipt of new instructions from the client. If the application is submitted by the client to the bank verbally (by telephone), the client identification shall take place using the questions (of personal character, as well related to the client’s products/operations) determined by the bank in advance.
13.2.3 The bank shall have the right:
13.2.3.1 to refuse carrying out the client’s instruction in the event of incorrect (in breach of this agreement or provisions stipulated in sources disseminated by the bank) notification sent to the bank;
13.2.3.2 to send to the client advertising messages;
13.2.3.3 to send to the client messages on credit amounts (loan, overdraft, credit limit and/or other credit products), payment date, liabilities and/or effected automatic transfers (the bank shall not be under obligation to send the above notifications and in any event, regardless weather the client has received the above notification or not, it is under obligation to pay on time the credit (loan, overdraft, credit limit and/or other credit products) as well as other related payables (interest, fines, commissions, etc.).