Temporary Block Sample Clauses
A Temporary Block clause allows one party to temporarily suspend certain rights, services, or obligations under an agreement without permanently terminating the contract. In practice, this clause might be used to pause access to a service if a customer fails to make a payment or violates specific terms, with the understanding that full access can be restored once the issue is resolved. The core function of this clause is to provide a flexible remedy for breaches or issues, enabling the parties to address problems without resorting to immediate termination, thus preserving the overall contractual relationship.
Temporary Block. Customer is still able to view Customer’s Debit Card-i and perform Debit Card-i settings in alrajhi@24seven under this status (refer to Clause 6.10.1 for details). 6.
Temporary Block.
5.1. The Company may temporarily block the Client Account without prior notice to the Client for any good reason, including in any of the following cases:
a) In an Event of Default of the Client according to paragraph 13 of PART A of this document and for such time that, the Company reasonably requires to examine if an Event of Default has occurred;
b) After the Client’s request to temporarily block the Client Account under paragraph 5.5. of PART B of this Client Agreement;
c) The Company is informed from a reliable source that the Access Data of the Client may have been received by unauthorised third parties;
d) The Company is informed from a reliable source of possible unlawful actions or doubtful operations of the Client
e) In a Force Majeure Event according to paragraph 14 PART A, and for such duration that the relevant event continues to exist.
f) An error in the request for the transfer of funds to another account was made by the Client and this resulted in the Company depositing in an incorrect trading account.
5.2. Without prejudice to any other right of the Company, the Client Account shall be unblocked in the following cases:
a) When the Company, in its sole discretion, determines that an Event of Default has not occurred, where the Client Account was temporarily blocked under paragraph 5.1 (a) of PART B of this Client Agreement;
b) When the Client requests from the Company to unblock the Client Account under paragraph 5.6, PART B where the Client Account was temporarily blocked under paragraph 5.1 (b) of PART B of this Client Agreement;
c) When the safety of the Access Data is determined by the Company and/or when the Company issues new Access Data to the Client, where the Client Account was temporarily blocked under PART B paragraph 5.1 (c) of this Client Agreement;
d) When the Company determines that the Client has not engaged into any actions or doubtful operations
e) When the Client Account was temporarily blocked under PART B paragraph 5.1 (d) of this Client Agreement;
f) When the Force Majeure event does not exist anymore, where the Client Account was temporarily blocked under PART B paragraph 5.1 (e) of this Client Agreement.
5.3. During the period for which the Client’s Account is blocked, the Company shall examine the circumstances and determine whether the Client Account ought to be either unblocked or closed.
5.4. In case the Client Account is closed, the Company reserves the right to withhold, under the general right of lien under ...
Temporary Block. Furthermore, it is upon the sole discretion of the Company to block your withdrawal for funds from the trading part of the Wallet to the account Wallet for a maximum of 24 hours. After this blockage period of 24 hours, the funds will be automatically transferred. You understand and acknowledge that in the event of an aforesaid blockage and any transfer of your funds from the trading wallet to your account wallet is not feasible. The reason for this blockage is rested on the sole discretion of the Company. Although Company has a right to block your Account but at no point of time will the Company have any access or control over the use of your Wallet.