Common use of Purpose Clause in Contracts

Purpose. The Framework Contract has the purpose of defining the conditions in which the Service Provider provides Payment Services to the Account Holder in return for payment as defined in Article 10 herein. These Payment Services include: - opening and managing the Payment Account, - registering on the Payment Account of the Account Holder the funds transferred by the Platform by credit transfer, - carrying out recurring or one-time Payment Operations by debiting the Payment Account, - deducting the fees due in compliance herewith, - reversal of funds transfer, duly cancelled by the Platform. The Account is not subject to any overdraft, advance, credit or discount. The Service Provider does not offer any currency exchange services. The Service Provider has authorised the Platform for the purposes hereof with all Account Holders and supports them for their entire relationship with the Service Provider. However, the Platform is responsible for conluding the terms and conditions related to the acceptation of Users’ payement orders on its Site and the conditions for giving such payments orders.