The Bank shall Clause Examples for Any Agreement
The clause titled "The Bank shall" establishes specific obligations or actions that the bank is required to perform under the agreement. Typically, this clause outlines duties such as processing payments, maintaining accounts, or providing certain services to the other party. For example, it may require the bank to transfer funds upon request or to safeguard client assets. The core practical function of this clause is to clearly define the bank's responsibilities, ensuring both parties understand what is expected and reducing the risk of disputes over the bank's role.
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The Bank shall.2.1.1.1 Ensure the continuity of transaction processing/authorization via the Processing Center;
2.1.1.2 Ensure settlement on payment transactions made with cards of the international payment systems via POS terminals (within the terms under the Georgian law) after the obligations stipulated in this Agreement (Key Terms and/or General Provisions hereof) and in the Application and/or published on the Bank Website have been completely and appropriately fulfilled and the Batch has been submitted; ensure the transfer/settlement of the transaction amount to the Merchant’s account in compliance with the terms and conditions of the Agreement/ no later than the business day following the date of transaction.
2.1.1.3 Transfer the POS terminal to the Company for use;
2.1.1.4 Provide free technical guidance/support for the POS Terminals;
2.1.1.5 Inform the Merchant in writing or by any other means envisaged herein about important operating changes/updates not later than 5 (five) banking days in advance;
2.1.1.6 Keep the Merchant’s transaction data confidential;
2.1.1.7 Based on the Merchant’s written request, provide card service training and respective instructions to the Merchant’s personnel directly in charge of cardholder services or instruct the Processing Center to deliver such a training.
The Bank shall.4.5.1. If requested by the TBC Concept Client, provide him/her with details of banking facilities or transactions used/performed by the Client.
4.5.2. Provide the TBC Concept Client with high quality advice in due time regarding banking facilities, so that the Client couldchoose the financial facility best suited for him/her.
4.5.3. Keep confidential the information about the TBC Concept Client and his/her accounts as prescribed by the law.
The Bank shall.2.1.1.1 Ensure the continuity of transaction processing/authorization via the Processing Center;
2.1.1.2 Ensure the settlement of Visa Electron/Visa, Mastercard/Maestro and China UnionPay card payments accepted via POS terminals after the obligations stipulated in this Agreement (Key Terms and/or General provisions hereof) and in the Application and/or published on the Bank Website have been completely and appropriately fulfilled and the Batch has been submitted; ensure the transfer/settlement ŽĨ ƚŚĞ ƚƌĂŶƐĂĐƚŝŽŶ ĂŵŽƵŶƚ ƚŽ ƚŚĞ DĞƌĐŚĂŶƚ͛Ɛ ĂĐĐŽƵ Agreement/ within 2 (two) business days of the transaction date.
2.1.1.3 Transfer to the Merchant for a definite term a device for servicing payment cards - a POS Terminal at a price of 500 (five hundred) USD per device;
2.1.1.4 Provide free technical guidance/support for the POS Terminals;
2.1.1.5 Inform the Merchant in writing or by any other means envisaged herein about important operating changes/updates not later than 5 (five) banking days in advance; Ϯ͘ϭ͘ϭ͘ϲ <ĞĞƉ ƚŚĞ DĞƌĐŚĂŶƚ͛Ɛ ƚƌĂŶƐĂĐƚŝŽŶ ĚĂƚĂ ĐŽŶĨ Ϯ͘ϭ͘ϭ͘ϳ ĂƐĞĚ ŽŶ ƚŚĞ, proDviĞdeƌcaĐrdŚseĂrvŶiceƚtr͛ainƐin g aǁndƌreŝspƚecƚtivĞe iŶns truƌctĞionƋs ƵĞƐƚ ƚŽ ƚŚĞ DĞƌĐŚĂŶƚ͛Ɛ ƉĞƌƐŽŶŶĞů ĚŝƌĞĐƚůLJ ŝŶ ĐŚĂƌŐĞ Ž deliver such a training.
The Bank shall.3.3.1. accept money in the form of cash and non-cash payments from individuals in accordance with this Agreement and the current legislation of the Republic of Kazakhstan;
3.3.2. transfer money accepted from individuals in favor of the Service Provider to its IIC (Account) in another second-tier bank in the manner and within the time limits established by the current legislation of the Republic of Kazakhstan, taking into account the requirements of the AML/CFT legislation of the Republic of Kazakhstan, international economic sanctions, internal regulatory documents of the Bank;
3.3.3. inform the Service Provider about changes and/or additions to the terms and conditions of this Agreement and the Bank's Tariffs for the provision of banking services by posting a corresponding notice on the official Internet resource of the Bank at xxx.xxxxxxxx.xx, no later than 5 (five) business days before their entry into force, or send a written notification via communication channels about the new tariffs on the day of their approval.
The Bank shall.2.1.1.1 Ensure the continuity of transaction processing/authorization via the Processing Center;
The Bank shall.2.1.1.1 Ensure the continuity of transaction processing/authorization via the Processing Center;
2.1.1.2 Ensure settlement on payment transactions made with cards of the international payment systems via POS terminals (within the terms under the Georgian law) after the obligations stipulated in this Agreement (Key Terms and/or General Provisions hereof) and in the Application and/or published on the Bank Website have been completely and appropriately fulfilled and the Batch has been submitted; ensure the transfer/settlement of the transaction amount to the Merchant’s account in compliance with the terms and conditions of the Agreement/ no later than the business day following the date of transaction.
2.1.1.3 Transfer to the Merchant for a definite term a device for servicing payment cards - a POS Terminal at a price of 500 (five hundred) USD per device;
2.1.1.4 Provide free technical guidance/support for the POS Terminals;
2.1.1.5 Inform the Merchant in writing or by any other means envisaged herein about important operating changes/updates not later than 5 (five) banking days in advance;
2.1.1.6 Keep the Merchant’s transaction data confidential;
2.1.1.7 Based on the Merchant’s written request, provide card service training and respective instructions to the Merchant’s personnel directly in charge of cardholder services or instruct the Processing Center to deliver such a training.
The Bank shall.1) accept the money for the Deposit and use it in strict compliance with the intended purpose envisaged by the approved Programs and this Agreement;
2) accrue and pay the interests on a timely basis as required by the Deposit Agreement;
3) for the period during which the Company's money is available on the Deposit, allocate the Loan to the Borrower upon the Company's request, subject to terms and conditions set forth by the bank loan agreement, supplementary agreements thereto, as required by the Bank's internal regulations;
4) upon receipt of the relevant instructions from the Company, transfer the money to the Company's current account in an amount equal to the repaid Loans disbursed under the Programs (scheduled, early partial / full repayments), but not more than a sum by which the Deposit (including the Pawn) amount exceeds the Loan debt balance;
5) notify the Company of the intention to initiate a foreclosure on the pawned money, ten
The Bank shall.6.2.1. provide the Customer with a service of acceptance and transfer of payments in favor of a legal entity under this Agreement and the service agreement for acceptance and transfer of payments in favor of a legal entity entered into between the Bank and a legal entity;
6.2.2. execute the Customer’s instructions in accordance with the terms of the Agreement, the requirements of the legislation of the Republic of Kazakhstan;
6.2.3. place on the Bank’s website or other available resources any information accompanying the provision of services, as well as advertising information;
6.2.4. ensure saving of information allowing the identification of the Customer, Customer’s representative and the legal entity within five years after the service provision;
6.2.5. upon the provision of service, provide the Customer with a notice of execution of the instruction;
6.2.6. if the Bank detects any errors / inaccuracies that occur in making operation under the service and (or) are found in the information provided to the Customer, the Bank must correct such errors / inaccuracies;
6.2.7. when rendering the service, comply with the requirements of the legislation of the Republic of Kazakhstan, the terms of the Agreement.
The Bank shall.7.10.1 Accept only those payment orders and requests for the Company which will contain full information as defined by the appendices;
7.10.2 Provide the payer with a list of obligatory information and inform the payer that the payer is held accountable for the accuracy of the submitted information, In case of such necessity;
7.10.3 Transfer to the payer a document certifying the payment after accepting payments from the payer;
7.10.4 Transfer payments received from payers in compliance with rules set by this agreement from the end of the previous operations day to the end of the current operations day;
7.10.5 Immediately inform the Company about any malfunctioning of the billing system, the technical means of data exchange or/and any other means which hamper the implementation of the terms and conditions of this agreement;
7.10.6 Not allow the use of the billing system or/and technical means of data exchange by unauthorized or/and inappropriate parties which otherwise cannot access them in line with the terms and conditions of this agreement, In order to protect subscriber accounts,
The Bank shall.2.1.1.1 Ensure the continuity of transaction processing/authorization via the Processing Center;
2.1.1.2 Ensure the settlement of accounts with the Merchant in relation to Visa Electron/Visa, Mastercard/Maestro and China UnionPay card payments accepted via POS terminals, after the Merchant duly performs his/her/its obligations stipulated in this Agreement (the Key Terms of the Agreement and/or General provisions hereof) and in the Application/ published on the Bank website and forwards the Batch. Funds will be transferred to the Merchant’s account(s) within 3 (three) banking days if the Merchant is a TBC Bank client and within 5 (five) banking days if the Merchant is a client of a different commercial bank;