Common use of The Bank shall Clause in Contracts

The Bank shall. 2.1.1.1 Ensure the continuity of transaction processing/authorization via the Processing Center; 2.1.1.2 Ensure settlement on payment transactions made with cards of the international payment systems via POS terminals (within the terms under the Georgian law) after the obligations stipulated in this Agreement (Key Terms and/or General Provisions hereof) and in the Application and/or published on the Bank Website have been completely and appropriately fulfilled and the Batch has been submitted; ensure the transfer/settlement of the transaction amount to the Merchant’s account in compliance with the terms and conditions of the Agreement/ no later than the business day following the date of transaction. 2.1.1.3 Transfer to the Merchant for a definite term a device for servicing payment cards - a POS Terminal at a price of 500 (five hundred) USD per device; 2.1.1.4 Provide free technical guidance/support for the POS Terminals; 2.1.1.5 Inform the Merchant in writing or by any other means envisaged herein about important operating changes/updates not later than 5 (five) banking days in advance; 2.1.1.6 Keep the Merchant’s transaction data confidential; 2.1.1.7 Based on the Merchant’s written request, provide card service training and respective instructions to the Merchant’s personnel directly in charge of cardholder services or instruct the Processing Center to deliver such a training.