Common use of Legal relationship and Service Clause in Contracts

Legal relationship and Service. 1.1 This Agreement for myPOS Account is between the Client and myPOS Europe Ltd., having its seat and registered office at: Xxxxx 00, 00 Xxxxxx Square, Xxxxxx Xxxxx, Xxxxxx, Xxxxxxx, X00 0XX, company number 10630670, authorized and regulated by the Financial Conduct Authority as an Electronic Money Institution, reference number 900826 under the Electronic Money Directive 2009/110/EC (the "EMD") and The Electronic Money Regulations 2011 and The Payment Service Regulation 2017 ("Law"), (hereinafter referred to as "us", "we", "our", "myPOS Europe" or "Financial Institution"), entitled to provide e- money and payment services in the EEA. The license for E-money Institution is public at xxxxx://xxxxxxxx.xxx.xxx.xx/. Important Legal Notice: The e-money issued by us does not qualify as a deposit or an investment service in the sense of the Law and the Client is not protected by any Depositor Compensation Schemes provided by the competent c ompensation Schemes. Client is not entitled to interest on the balance of e-money or money collected and kept by us under this Agreement. The element of the Client’s account which constitutes the e-money services and payment functionality will be known as the "E- money account". The E-money account is the operational part of the Client’s Account through which Client has access to funds and which can be used for the execution of payment transactions.

Legal relationship and Service. 1.1 This Agreement for myPOS Account is between the Client and myPOS Europe Ltd., having its seat and registered office at: Xxxxx Level 00, 00 Xxxxxx SquareXxxxxx, Xxxxxx Xxxxx, Xxxxxx, Xxxxxxx, X00 0XX, company number 10630670, authorized and regulated by the Financial Conduct Authority as an Electronic Money Institution, reference number 900826 under the Electronic Money Directive 2009/110/EC (the "EMD") and The Electronic Money Regulations 2011 and The Payment Service Regulation 2017 ("Law"), (hereinafter referred to as "us", "we", "our", "myPOS Europe" or "Financial Institution"), entitled to provide e- money and payment services in the EEA. The license for E-money Institution is public at xxxxx://xxxxxxxx.xxx.xxx.xx/. Important Legal Notice: The e-money issued by us does not qualify as a deposit or an investment service in the sense of the Law and the Client is not protected by any Depositor Compensation Schemes provided by the competent c ompensation Schemes. Client is not entitled to interest on the balance of e-money or money collected and kept by us under this Agreement. The element of the Client’s account which constitutes the e-money services and payment functionality will be known as the "E- money account". The E-money account is the operational part of the Client’s Account through which Client has access to funds and which can be used for the execution of payment transactions.