Recurring Order definition
Examples of Recurring Order in a sentence
Merchant shall not submit a Payment Card Processing Transaction (electronically or otherwise) until Merchant has performed its obligations to the Cardholder in connection with the Payment Card Processing Transaction or obtained Cardholder's consent for a Pre-Authorized Recurring Order Transaction.
If Sub-Merchant accepts a Recurring Order Transaction, the Cardholder shall execute and deliver to Sub-Merchant a written request for this pre-authorization.
Merchant shall not submit a Transaction to Bank (electronically or otherwise) until Merchant has performed its obligations to the Cardholder in connection with the Transaction or obtained Cardholders consent for a Pre-Authorized Recurring Order Transaction.
You may change the Recurring Order Criteria up to the extent that Vivid NL allows You to change these.
After you have authorised the Recurring Order, Vivid NL will transmit the Recurring Order for execution to the Executing Broker(s) on a continuous basis, based on the Recurring Order Criteria using the implied authorization by you for each individual transaction.
Each Recurring Order is executed in the same way as a normal Buy Order (Market Order) (see Article 7.2 above).
In the case of significant price change, market volatility or due to technical reasons it may occur that Your Recurring Order is not executed at all.
If you wish to change other Recurring Order Criteria, You may have to cancel your existing Recurring Order and initiate a new Recurring Order.
You may at any time cancel a Recurring Order (up to 1 minute prior to the scheduled time of its execution).
You will also need to select the criteria applicable to Your Recurring Order (Recurring Order Criteria).