Common use of TRANSFER WITH CONVERSION Clause in Contracts

TRANSFER WITH CONVERSION. 12.1.1. The Transfer with conversion shall be deemed accepted when the Payment Center accepts the Company’s Order for execution. The Transfer with conversion shall be deemed paid out when the Company sends an Official Notification on Transfer payout which is necessary to create the Payment Center’s Order and perform settlement procedures. 12.1.2. The Company’s/Payment Center’s Order is executed in the acceptance/payout currency in the amount sufficient enough for conversion of a Transfer Amount and a respective remuneration for Transfer Amount payout at the rate of exchange determined in accordance with clause 2.15 hereof. Under the Offer transfers with conversion may be performed in a currency allowed by the Software settings. 12.1.3. Settlement procedure in respect of Transfers with conversion shall be determined by the terms hereof with consideration for: 12.1.3.1. In order to perform a Transfer with conversion upon acceptance of a Transfer, the Payment Center shall debit funds from the Company’s account in the currency of Transfer acceptance in the amount sufficient enough to perform the Company’s order at the conversion rate determined at the moment the Transfer with conversion is accepted, and convert the funds to the currency of Transfer payout which is credited to the Account of a Company providing services to the Receiver, after the Transfer with conversion is paid out. 12.1.3.2. In order to perform a Transfer with conversion when a Transfer is paid out, the Payment Center shall, after the Transfer with conversion is paid out and the Official Notification on Transfer payout is received, convert funds into the Transfer payout currency selected by the Receiver at the conversion rate determined at the moment the Transfer with conversion is paid out and create the Payment Center’s Order in Transfer with conversion payout currency which is credited to the Account of the Company providing services to the Receiver. 12.1.4. The Transfer with conversion in case no Account is opened shall be performed in accordance herewith with due regard to the following: 12.1.4.1. When a Receiver applies to receive a Transfer with conversion performed when a Transfer is paid out, the Payment Center Obligation shall be accounted for and performed in the Transfer payout currency. 12.1.4.2. When a Sender applies to the Company to send a Transfer amount with conversion performed when a Transfer is accepted, the Company shall initiate a Transfer and accept the Transfer Amount and the Consumer Fee in case of successful Authorisation in accordance with clause 11.1.2 hereof. 12.1.5. The Transfer with conversion shall be paid out in the currency specified in the Software settings and only if the Sender has given prior consent upon Transfer initiation and if the Receiver has made a request for payout of a Transfer with conversion. 12.1.6. In case of cancellation by the Sender of the Transfer with conversion performed when a Transfer is accepted, the procedure for paying out the specified Transfer by the Company shall be determined and conditioned by the length of time calculated in minutes. 12.1.6.1. When a Sender applies to the Company, through which he made the Transfer with conversion, performed when a Transfer is accepted, within 30 (thirty) minutes after the performance of such a Transfer, the Company generates in the Software and direct to the Payment Center an official notice of termination of the agreement and return of funds paid to the Company under this agreement. Refunds are made in the manner prescribed for this reason by this Offer. Return of the Transfers with conversion under the terms of this paragraph is carried out one-time during the calendar day in relation to a particular Sender. 12.1.6.2. When a Sender applies to the Company, through which he made the Transfer with conversion regarding the cancellation of the second and/or each subsequent one within a calendar day Transfers with conversion, performed when a Transfer is accepted, or after 30 (Thirty) minutes after the performance of such a Transfer, the Company direct to the Payment Center an official notice on the payout of the Transfer Amount to the Sender in the status of the Receiver. The procedure for paying out the Transfer and calculating the respective remuneration of the Parties for payout the Transfer Amount, regulate by the relevant section of this Offer. Such Transfer Amount shall be paid out in the Transfer payout currency, except as expressly provided for, including: ✓ When the Sender, act as the Receiver, requests to payout the Amount of the Transfer with conversion at the moment of payout, ✓ In case of performing Transfers, using a bankcard directly provided for by the Software and the agreement between the Client and the Company. The payout of such a Transfer with conversion is carried out by the Company using the requisites of the Sender’s account as the Receiver, requested by the Software, exclusively in the currency of acceptance of the Transfer at the exchange rate of the Credit Union “Payment Center” Ltd, valid at the moment of payout, and in an amount not exceeding the Amount of the Transfer with conversion at the moment of acceptance of the Transfer. 12.1.7. Remunerations for Transfer with conversion shall be determined by ▇▇▇▇▇▇▇ and correspond to respective remunerations on Transfers established in Tariffs, unless expressly provided to the contrary.

Appears in 2 contracts

Sources: Money Transfer Service Agreement, Money Transfer Service Agreement

TRANSFER WITH CONVERSION. 12.1.1. The Transfer with conversion shall be deemed accepted when the Payment Center accepts the Company’s Order for execution. The Transfer with conversion shall be deemed paid out when the Company sends an Official Notification on Transfer payout which is necessary to create the Payment Center’s Order and perform settlement procedures. 12.1.2. The Company’s/Payment Center’s Order is executed in the acceptance/payout currency in the amount sufficient enough for conversion of a Transfer Amount and a respective remuneration for Transfer Amount payout at the rate of exchange determined in accordance with clause 2.15 12.15 hereof. Under the Offer transfers with conversion may be performed in a currency allowed by the Software settings. 12.1.3. Settlement procedure in respect of Transfers with conversion shall be determined by the terms hereof with consideration for: 12.1.3.1. In order to perform a Transfer with conversion upon acceptance of a Transfer, the Payment Center shall debit funds from the Company’s account in the currency of Transfer acceptance in the amount sufficient enough to perform the Company’s order at the conversion rate determined at the moment the Transfer with conversion is accepted, and convert the funds to the currency of Transfer payout which is credited to the Account of a Company providing services to the Receiver, after the Transfer with conversion is paid out. 12.1.3.2. In order to perform a Transfer with conversion when a Transfer is paid out, the Payment Center shall, after the Transfer with conversion is paid out and the Official Notification on Transfer payout is received, convert funds into the Transfer payout currency selected by the Receiver at the conversion rate determined at the moment the Transfer with conversion is paid out and create the Payment Center’s Order in Transfer with conversion payout currency which is credited to the Account of the Company providing services to the Receiver. 12.1.4. The Transfer with conversion in case no Account is opened shall be performed in accordance herewith with due regard to the following: 12.1.4.1. When a Receiver applies to receive a Transfer with conversion performed when a Transfer is paid out, the Payment Center Obligation shall be accounted for and performed in the Transfer payout currency. 12.1.4.2. When a Sender applies to the Company to send a Transfer amount with conversion performed when a Transfer is accepted, the Company shall initiate a Transfer and accept the Transfer Amount and the Consumer Fee in case of successful Authorisation in accordance with clause 11.1.2 hereof. 12.1.5. The Transfer with conversion shall be paid out in the currency specified in the Software settings and only if the Sender has given prior consent upon Transfer initiation and if the Receiver has made a request for payout of a Transfer with conversion. 12.1.6. In case of cancellation by If the Sender of cancels the Transfer with conversion performed when made upon acceptance of a Transfer the Company shall initiate the payout of such Transfer to the Sender in the statues of the Receiver. The payout of such a Transfer is accepted, made in the procedure for paying out currency of the specified Transfer by the Company shall be determined and conditioned by the length payout of time calculated in minutes. 12.1.6.1. When a Sender applies to the Company, through which he made the Transfer with conversion, performed when a Transfer is acceptedexcept expressly stated cases, within 30 (thirty) minutes after the performance of such a Transfer, the Company generates in the Software and direct to the Payment Center an official notice of termination of the agreement and return of funds paid to the Company under this agreement. Refunds are made in the manner prescribed for this reason by this Offer. Return of the Transfers with conversion under the terms of this paragraph is carried out one-time during the calendar day in relation to a particular Sender. 12.1.6.2. When a Sender applies to the Company, through which he made the Transfer with conversion regarding the cancellation of the second and/or each subsequent one within a calendar day Transfers with conversion, performed when a Transfer is accepted, or after 30 (Thirty) minutes after the performance of such a Transfer, the Company direct to the Payment Center an official notice on the payout of the Transfer Amount to including cases:  if the Sender in the status statues of the Receiver. The procedure for paying out the Transfer and calculating the respective remuneration Receiver has made a request of the Parties for payout the Transfer Amount, regulate by the relevant section of this Offer. Such Transfer Amount shall be paid out in the Transfer payout currency, except as expressly provided for, including: ✓ When the Sender, act as the Receiver, requests to payout the Amount of the a Transfer with conversion at made upon payout of a Transfer.  if the moment Transfer has been made with the use of payout, ✓ In case of performing Transfers, using a bankcard directly bank card in cases expressly provided for by the Software and the agreement between the Client and the Company. The Company performs the payout of such a Transfer with conversion is carried out by the Company using the requisites details of the Sender’s account as of the Receiver, Sender in the statues of the Receiver requested by the Software, exclusively Software only in the currency of acceptance of the Transfer acceptance at the exchange rate of established by the Credit Union “Payment Center” Ltd, valid Center at the moment of payout, and payout in an the amount that does not exceeding exceed the Amount of the Transfer with conversion at the moment of made upon acceptance of the a Transfer. 12.1.7. Remunerations for Transfer with conversion shall be determined by ▇▇▇▇▇▇▇ Tariffs and correspond to respective remunerations on Transfers established in Tariffs, unless expressly provided to the contrary.

Appears in 1 contract

Sources: Money Transfer Service Agreement

TRANSFER WITH CONVERSION. 12.1.1. The Transfer with conversion shall be deemed accepted when the Payment Center accepts the Company’s Order for execution. The Transfer with conversion shall be deemed paid out when the Company sends an Official Notification on Transfer payout which is necessary to create the Payment Center’s Order and perform settlement procedures. 12.1.2. The Company’s/Payment Center’s Order is executed in the acceptance/payout currency in the amount sufficient enough for conversion of a Transfer Amount and a respective remuneration for Transfer Amount payout at the rate of exchange determined in accordance with clause 2.15 12.15 hereof. Under the Offer transfers with conversion may be performed in a currency allowed by the Software settings. 12.1.3. Settlement procedure in respect of Transfers with conversion shall be determined by the terms hereof with consideration for: 12.1.3.1. In order to perform a Transfer with conversion upon acceptance of a Transfer, the Payment Center shall debit funds from the Company’s account in the currency of Transfer acceptance in the amount sufficient enough to perform the Company’s order at the conversion rate determined at the moment the Transfer with conversion is accepted, and convert the funds to the currency of Transfer payout which is credited to the Account of a Company providing services to the Receiver, after the Transfer with conversion is paid out. 12.1.3.2. In order to perform a Transfer with conversion when a Transfer is paid out, the Payment Center shall, after the Transfer with conversion is paid out and the Official Notification on Transfer payout is received, convert funds into the Transfer payout currency selected by the Receiver at the conversion rate determined at the moment the Transfer with conversion is paid out and create the Payment Center’s Order in Transfer with conversion payout currency which is credited to the Account of the Company providing services to the Receiver. 12.1.4. The Transfer with conversion in case no Account is opened shall be performed in accordance herewith with due regard to the following: 12.1.4.1. When a Receiver applies to receive a Transfer with conversion performed when a Transfer is paid out, the Payment Center Obligation shall be accounted for and performed in the Transfer payout currency. 12.1.4.2. When a Sender applies to the Company to send a Transfer amount with conversion performed when a Transfer is accepted, the Company shall initiate a Transfer and accept the Transfer Amount and the Consumer Fee in case of successful Authorisation in accordance with clause 11.1.2 hereof. 12.1.5. The Transfer with conversion shall be paid out in the currency specified in the Software settings and only if the Sender has given prior consent upon Transfer initiation and if the Receiver has made a request for payout of a Transfer with conversion. 12.1.6. In case of cancellation by the Sender of the Transfer with conversion performed when a Transfer is accepted, the procedure for paying out the specified Transfer by the Company shall be determined and conditioned by the length of time calculated in minutes. 12.1.6.1. When a Sender applies to the Company, through which he made the Transfer with conversion, performed when a Transfer is accepted, within 30 (thirty) minutes after the performance of such a Transfer, the Company generates in the Software and direct to the Payment Center an official notice of termination of the agreement and return of funds paid to the Company under this agreement. Refunds are made in the manner prescribed for this reason by this Offer. Return of the Transfers with conversion under the terms of this paragraph is carried out one-time during the calendar day in relation to a particular Sender. 12.1.6.2. When a Sender applies to the Company, through which he made the Transfer with conversion regarding the cancellation of the second and/or each subsequent one within a calendar day Transfers with conversion, performed when a Transfer is accepted, or after 30 (Thirty) minutes after the performance of such a Transfer, the Company direct to the Payment Center an official notice on the payout of the Transfer Amount to the Sender in the status of the Receiver. The procedure for paying out the Transfer and calculating the respective remuneration of the Parties for payout the Transfer Amount, regulate by the relevant section of this Offer. Such Transfer Amount shall be paid out in the Transfer payout currency, except as expressly provided for, including: ✓ When the Sender, act as the Receiver, requests to payout the Amount of the Transfer with conversion at the moment of payout, ✓ In case of performing Transfers, using a bankcard directly provided for by the Software and the agreement between the Client and the Company. The payout of such a Transfer with conversion is carried out by the Company using the requisites of the Sender’s account as the Receiver, requested by the Software, exclusively in the currency of acceptance of the Transfer at the exchange rate of the Credit Union “Payment Center” Ltd, valid at the moment of payout, and in an amount not exceeding the Amount of the Transfer with conversion at the moment of acceptance of the Transfer. 12.1.7. Remunerations for Transfer with conversion shall be determined by ▇▇▇▇▇▇▇ Tariffs and correspond to respective remunerations on Transfers established in Tariffs, unless expressly provided to the contrary.

Appears in 1 contract

Sources: Money Transfer Service Agreement

TRANSFER WITH CONVERSION. 12.1.1. The Transfer with conversion shall be deemed accepted when the Payment Center accepts the Company’s Order for execution. The Transfer with conversion shall be deemed paid out when the Company sends an Official Notification on Transfer payout which is necessary to create the Payment Center’s Order and perform settlement procedures. 12.1.2. The Company’s/Payment Center’s Order is executed in the acceptance/payout currency in the amount sufficient enough for conversion of a Transfer Amount and a respective remuneration for Transfer Amount payout at the rate of exchange determined in accordance with clause 2.15 hereof. Under the Offer transfers with conversion may be performed in a currency allowed by the Software settings. 12.1.3. Settlement procedure in respect of Transfers with conversion shall be determined by the terms hereof with consideration for: 12.1.3.1. In order to perform a Transfer with conversion upon acceptance of a Transfer, the Payment Center shall debit funds from the Company’s account in the currency of Transfer acceptance in the amount sufficient enough to perform the Company’s order at the conversion rate determined at the moment the Transfer with conversion is accepted, and convert the funds to the currency of Transfer payout which is credited to the Account of a Company providing services to the Receiver, after the Transfer with conversion is paid out. 12.1.3.2. In order to perform a Transfer with conversion when a Transfer is paid out, the Payment Center shall, after the Transfer with conversion is paid out and the Official Notification on Transfer payout is received, convert funds into the Transfer payout currency selected by the Receiver at the conversion rate determined at the moment the Transfer with conversion is paid out and create the Payment Center’s Order in Transfer with conversion payout currency which is credited to the Account of the Company providing services to the Receiver. 12.1.4. The Transfer with conversion in case no Account is opened shall be performed in accordance herewith with due regard to the following: 12.1.4.1. When a Receiver applies to receive a Transfer with conversion performed when a Transfer is paid out, the Payment Center Obligation shall be accounted for and performed in the Transfer payout currency. 12.1.4.2. When a Sender applies to the Company to send a Transfer amount with conversion performed when a Transfer is accepted, the Company shall initiate a Transfer and accept the Transfer Amount and the Consumer Fee in case of successful Authorisation in accordance with clause 11.1.2 hereof. 12.1.5. The Transfer with conversion shall be paid out in the currency specified in the Software settings and only if the Sender has given prior consent upon Transfer initiation and if the Receiver has made a request for payout of a Transfer with conversion. 12.1.6. In case of cancellation by the Sender of the Transfer with conversion performed when a Transfer is accepted, the procedure for paying out the specified Transfer by the Company shall be determined and conditioned by the length of time calculated in minutes. 12.1.6.1. When a Sender applies to the Company, through which he made the Transfer with conversion, performed when a Transfer is accepted, within 30 (thirty) minutes after the performance of such a Transfer, the Company generates in the Software and direct to the Payment Center an official notice of termination of the agreement and return of funds paid to the Company under this agreement. Refunds are made in the manner prescribed for this reason by this Offer. Return of the Transfers with conversion under the terms of this paragraph is carried out one-time during the calendar day in relation to a particular Sender. 12.1.6.2. When a Sender applies to the Company, through which he made the Transfer with conversion regarding the cancellation of the second and/or each subsequent one within a calendar day Transfers with conversion, performed when a Transfer is accepted, or after 30 (Thirty) minutes after the performance of such a Transfer, the Company direct to the Payment Center an official notice on the payout of the Transfer Amount to the Sender in the status of the Receiver. The procedure for paying out the Transfer and calculating the respective remuneration of the Parties for payout the Transfer Amount, regulate by the relevant section of this Offer. Such Transfer Amount shall be paid out in the Transfer payout currency, except as expressly provided for, including: When the Sender, act as the Receiver, requests to payout the Amount of the Transfer with conversion at the moment of payout, In case of performing Transfers, using a bankcard directly provided for by the Software and the agreement between the Client and the Company. The payout of such a Transfer with conversion is carried out by the Company using the requisites of the Sender’s account as the Receiver, requested by the Software, exclusively in the currency of acceptance of the Transfer at the exchange rate of the Credit Union “Payment Center” Ltd, valid at the moment of payout, and in an amount not exceeding the Amount of the Transfer with conversion at the moment of acceptance of the Transfer. 12.1.7. Remunerations for Transfer with conversion shall be determined by ▇▇▇▇▇▇▇ Tariffs and correspond to respective remunerations on Transfers established in Tariffs, unless expressly provided to the contrary.

Appears in 1 contract

Sources: Money Transfer Service Agreement

TRANSFER WITH CONVERSION. 12.1.113.1.1. The Transfer with conversion shall be deemed accepted when the Payment Center accepts the Company’s Order for execution. The Transfer with conversion shall be deemed paid out when the Company sends an Official Notification on Transfer payout which is necessary to create the Payment Center’s Order and perform settlement procedures. 12.1.213.1.2. The Company’s/Payment Center’s Order is executed in the acceptance/payout currency in the amount sufficient enough for conversion of a Transfer Amount and a respective remuneration for Transfer Amount payout at the rate of exchange determined in accordance with clause 2.15 hereof. Under the Offer transfers with conversion may be performed in a currency allowed by the Software settings. 12.1.313.1.3. Settlement procedure in respect of Transfers with conversion shall be determined by the terms hereof with consideration for: 12.1.3.113.1.3.1. In order to perform a Transfer with conversion upon acceptance of a Transfer, the Payment Center shall debit funds from the Company’s account in the currency of Transfer acceptance in the amount sufficient enough to perform the Company’s order at the conversion rate determined at the moment the Transfer with conversion is accepted, and convert the funds to the currency of Transfer payout which is credited to the Account of a Company providing services to the Receiver, after the Transfer with conversion is paid out. 12.1.3.213.1.3.2. In order to perform a Transfer with conversion when a Transfer is paid out, the Payment Center shall, after the Transfer with conversion is paid out and the Official Notification on Transfer payout is received, convert funds into the Transfer payout currency selected by the Receiver at the conversion rate determined at the moment the Transfer with conversion is paid out and create the Payment Center’s Order in Transfer with conversion payout currency which is credited to the Account of the Company providing services to the Receiver. 12.1.413.1.4. The Transfer with conversion in case no Account is opened shall be performed in accordance herewith with due regard to the following: 12.1.4.113.1.4.1. When a Receiver applies to receive a Transfer with conversion performed when a Transfer is paid out, the Payment Center Obligation shall be accounted for and performed in the Transfer payout currency. 12.1.4.213.1.4.2. When a Sender applies to the Company to send a Transfer amount with conversion performed when a Transfer is accepted, the Company shall initiate a Transfer and accept the Transfer Amount and the Consumer Fee in case of successful Authorisation in accordance with clause 11.1.2 hereof. 12.1.513.1.5. The Transfer with conversion shall be paid out in the currency specified in the Software settings and only if the Sender has given prior consent upon Transfer initiation and if the Receiver has made a request for payout of a Transfer with conversion. 12.1.613.1.6. In case of cancellation by the Sender of the Transfer with conversion performed when a Transfer is accepted, the procedure for paying out the specified Transfer by the Company shall be determined and conditioned by the length of time calculated in minutes. 12.1.6.113.1.6.1. When a Sender applies to the Company, through which he made the Transfer with conversion, performed when a Transfer is accepted, within 30 (thirty) minutes after the performance of such a Transfer, the Company generates in the Software and direct to the Payment Center an official notice of termination of the agreement and return of funds paid to the Company under this agreement. Refunds are made in the manner prescribed for this reason by this Offer. Return of the Transfers with conversion under the terms of this paragraph is carried out one-time during the calendar day in relation to a particular Sender. 12.1.6.213.1.6.2. When a Sender applies to the Company, through which he made the Transfer with conversion regarding the cancellation of the second and/or each subsequent one within a calendar day Transfers with conversion, performed when a Transfer is accepted, or after 30 (Thirty) minutes after the performance of such a Transfer, the Company direct to the Payment Center an official notice on the payout of the Transfer Amount to the Sender in the status of the Receiver. The procedure for paying out the Transfer and calculating the respective remuneration of the Parties for payout the Transfer Amount, regulate by the relevant section of this Offer. Such Transfer Amount shall be paid out in the Transfer payout currency, except as expressly provided for, including: ✓ When the Sender, act as the Receiver, requests to payout the Amount of the Transfer with conversion at the moment of payout, ✓ In case of performing Transfers, using a bankcard directly provided for by the Software and the agreement between the Client and the Company. The payout of such a Transfer with conversion is carried out by the Company using the requisites of the Sender’s account as the Receiver, requested by the Software, exclusively in the currency of acceptance of the Transfer at the exchange rate of the Credit Union “Payment Center” Ltd, valid at the moment of payout, and in an amount not exceeding the Amount of the Transfer with conversion at the moment of acceptance of the Transfer. 12.1.713.1.7. Remunerations for Transfer with conversion shall be determined by ▇▇▇▇▇▇▇ and correspond to respective remunerations on Transfers established in Tariffs, unless expressly provided to the contrary.

Appears in 1 contract

Sources: Money Transfer Service Agreement