TRANSACTION CONTROLS Clause Samples

The TRANSACTION CONTROLS clause establishes the rules and procedures governing how transactions are initiated, processed, and completed under an agreement. It typically outlines requirements such as approval processes, documentation standards, and timing for payments or deliveries. By setting clear operational guidelines, this clause helps prevent misunderstandings, ensures compliance with agreed terms, and reduces the risk of disputes related to the execution of transactions.
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TRANSACTION CONTROLS. 3.1 The Cardmember may from time to time nominate to DBS in writing a Credit Limit, a Transaction Limit and a Transaction Count Limit in respect of the Card Account. The Transaction Limit shall be regarded as a part of the Credit Limit and shall not be additional to the Credit Limit. 3.2 Notwithstanding any Credit Limit, Transaction Limit or Transaction Count Limit that may be nominated by the Cardmember, DBS shall be entitled to: 3.2.1 authorise or allow any Card Transaction even though: (a) the amount of that Card Transaction is more than the Transaction Limit; (b) the Outstanding Balance on the Card Account has exceeded or would as a consequence exceed the Credit Limit; or (c) the Transaction Count Limit has been exceeded or would as a consequence be exceeded; or 3.2.2 refuse to authorise or approve any Card Transaction even though: (a) the amount of that Card Transaction is less than the Transaction Limit; (b) the Credit Limit has not been and would not be exceeded if such Card Transaction had been effected; or (c) the Transaction Count Limit has not been and would not be exceeded if such Card Transaction had been effected. 3.3 DBS may set a Corporate Limit in respect of the Cardmember. Notwithstanding any Corporate Limit that may be set or imposed, DBS may in its absolute discretion authorise or allow any Card Transaction even though the total of the Outstanding Balances on all Card ACcounts has exceeded or would as a consequence exceed the Corporate Limit or refuse to authorise or approve any Card Transaction even though the Corporate Limit has not been and would not be exceeded if such Card Transaction had been effected. 3.4 Unless otherwise approved by DBS, the Card may not be used to effect any Card Transaction with such category or categories of Merchants as DBS may from time to time notify the Cardmember Provided nevertheless that DBS may in its absolute discretion authorise or allow any Card Transaction with any Merchant notwithstanding that such Merchant may fall within any category of Merchants notified by DBS to the Cardmember. 3.5 The Cardmember may with the prior written approval of DBS and using such classifications or codes as may be prescribed by DBS from time to time, specify to DBS in writing the category or categories of Merchants in addition to those categories notified by DBS under Condition 3.4 above at which the Cards issued on the application of the Cardmember may not be used for the purpose of effecting any Card Transaction wit...
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TRANSACTION CONTROLS. Company will notify Elavon of any material change or anticipated material change in daily dollar activity or type of Transaction processing in connection with the Paycentric ▇▇▇▇ Pay Services, and Company will obtain Elavon’s consent to any such change. Elavon will not be responsible for any losses or expenses incurred by Elavon or Company arising out of any material change or anticipated material change in Transaction activity that Company does not promptly report.
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Related to TRANSACTION CONTROLS

  • Financial Controls At all times, the Charter School shall maintain appropriate governance and managerial procedures and financial controls which procedures and controls shall include, but not be limited to: (1) commonly accepted accounting practices and the capacity to implement them (2) a checking account; (3) adequate payroll procedures; (4) procedures for the creation and review of monthly and quarterly financial reports, which procedures shall specifically identify the individual who will be responsible for preparing such financial reports in the following fiscal year; (5) internal control procedures for cash receipts, cash disbursements and purchases; and (6) maintenance of asset registers and financial procedures for grants in accordance with applicable state and federal law.

  • Agreement Controls The terms and conditions of this Master Agreement control over the terms and conditions contained in an Approved Service Order – even if the Approved Service Order expressly states that it is intended to control. Any conflicting terms and conditions in an Approved Service Order are invalid and unenforceable.

  • Audit Controls a. System Security Review. CONTRACTOR must ensure audit control mechanisms that record and examine system activity are in place. All systems processing and/or storing PHI COUNTY discloses to CONTRACTOR or CONTRACTOR creates, receives, maintains, or transmits on behalf of COUNTY must have at least an annual system risk assessment/security review which provides assurance that administrative, physical, and technical controls are functioning effectively and providing adequate levels of protection. Reviews should include vulnerability scanning tools.

  • Accounting Controls The Company and its Subsidiaries maintain systems of “internal control over financial reporting” (as defined under Rules 13a-15 and 15d-15 under the Exchange Act Regulations) that comply with the requirements of the Exchange Act and have been designed by, or under the supervision of, their respective principal executive and principal financial officers, or persons performing similar functions, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with GAAP, including, but not limited to, internal accounting controls sufficient to provide reasonable assurance that (i) transactions are executed in accordance with management’s general or specific authorizations; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability; (iii) access to assets is permitted only in accordance with management’s general or specific authorization; and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. Except as disclosed in the Registration Statement, the Pricing Disclosure Package and the Prospectus, the Company is not aware of any material weaknesses in its internal controls. The Company’s auditors and the Audit Committee of the Board of Directors of the Company have been advised of: (i) all significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are known to the Company’s management and that have adversely affected or are reasonably likely to adversely affect the Company’ ability to record, process, summarize and report financial information; and (ii) any fraud known to the Company’s management, whether or not material, that involves management or other employees who have a significant role in the Company’s internal controls over financial reporting.

  • Disclosure Controls The Company and its subsidiaries maintain an effective system of “disclosure controls and procedures” (as defined in Rule 13a-15(e) of the Exchange Act) that complies with the requirements of the Exchange Act and that has been designed to ensure that information required to be disclosed by the Company in reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Commission’s rules and forms, including controls and procedures designed to ensure that such information is accumulated and communicated to the Company’s management as appropriate to allow timely decisions regarding required disclosure. The Company and its subsidiaries have carried out evaluations of the effectiveness of their disclosure controls and procedures as required by Rule 13a-15 of the Exchange Act.