Getnet definition
Examples of Getnet in a sentence
Therefore, Getnet shall keep the Potential Customer aware, in a clear and adequate manner, of the purpose of collecting such data.
The actual contracting of Getnet Products may take place directly between Santander Brasil and the customer or between Getnet and the customer, as the case may be, provided that the Parties shall agree on the specific operating procedures applicable in each situation.
Without prejudice to the obligations described above, the Parties agree that the actual contracting of Santander Credit Operations shall be provided and formalized directly between Santander Brasil and the Customer, in such a way that Getnet has no responsibility and/or obligation in relation to this step.
For clarification purposes, given the lack of exclusivity set forth in Section 3.3 above, the Parties agree that Getnet may promote, disclose and market the Getnet Products through any other distribution channels owned by it or owned by third parties, as well as Santander Brasil may promote, disclose and market any third-party products.
The indication of Potential Customers referred to in the section above shall involve, at least, the collection of the documents and/or information that Getnet is obliged to collect, pursuant to the regulations in force, for the purposes of providing the accreditation services.
In consideration for the Credit Operations Origination services, Getnet shall be entitled to receive a compensation to be calculated based on the indications and actual Credit Operations generated in a given period, for the benefit of Santander Brasil, with due regard for the specific terms and conditions set forth in Exhibit V to this Agreement (“Compensation for Origination of Credit Operations”).
It is established that the operations of Prepayment of Receivables held by the ECs shall be carried out by Santander Brasil, directly and as the debtor of the operations with the ECs, with due regard for the terms and conditions set forth in this Agreement, and unless Getnet decides to carry out such Prepayment of Receivables operations directly or by its subsidiaries and/or if the EC decides to carry out such operations with other institutions.
With respect to Getnet customers who are also individuals and/or legal entities holding Santander Brasil accounts, Getnet undertakes to grant benefits and special commercial conditions when contracting Getnet Products (“Santander Integrated Account” and “Special Conditions”, respectively).
For clarification purposes, given the lack of exclusivity set forth in Section 3.3 above, the Parties agree that Getnet may provide activities similar to those set forth in this Chapter to other third parties, including financial institutions, without applying any liens or penalties.
The Parties agree that the execution of the Term of Assignment (by the EC) shall oblige Getnet to pay Santander Brasil the amount of the Receivable on its due date, and the execution of the Term of Assignment serving as an acknowledgment of the assignment and notice by Getnet for the purposes of article 290 of the Civil Code, regardless of any notice on the part of the EC to Getnet.