As a consequence of breach by one of the parties, the right to request that the agreement be left without effect, with compensation of losses suffered. Notwithstanding the foregoing, PECUNPAY may terminate the agreement, without the need for advance notice, in the event of objectively justified reasons arising regarding security of the payment instrument, its suspected unauthorised or fraudulent use.įor the following definitions shall apply for the purposes of this agreement: PECUNPAY may also terminate the agreement at the specific request of COVERFLEX, at any time, if, for example, the HOLDER is not paying the service, and COVERFLEX shall be responsible for the obligation of notifying the user and managing and guaranteeing reimbursement of the positive balance. PECUNPAY may terminate this Agreement by providing the HOLDER a minimum of sixty calendar days advance notice. COVERFLEX settles the fees and payments of the Holder with PECUNPAY.ĬOVERFLEX will immediately inform PECUNPAY about the termination of the agreement with the HOLDER and the reasons that have led to it. Termination of the agreement is managed between COVERFLEX and the HOLDER. The relation commences on the date when PECUNPAY provides the holder confirmation that the service has been approved. This agreement shall have an undetermined term, without prejudice to the expiry date recorded on the cards issued, or on any other means of payment that PECUNPAY makes available to the HOLDER. Once the HOLDER has completed the above and has passed our internal checks, the card shall be issued.ġ.2 TERM AND TERMINATION OF THE AGREEMENT The HOLDER declares they are acting in their own name and on their own behalf and undertake to provide PECUNPAY the documentation, photographs and information that may reasonably be requested to fulfil its statutory obligations. The HOLDER, declares that it knows the conditions and understands them and that, thus, it accepts their inclusion in the agreement. PECUNPAY, as offeror, has previously and specifically informed the HOLDER, in its capacity as adhering party, of the existence of the general conditions that are listed in this document. The parties agree that the clauses set forth in this agreement must be considered general subscription conditions for the purposes stated in Act 7/1998, of 13th April, on General Subscription Conditions. The company that contracts the PECUNPAY services, which will be the holder of the cards and will be using the platform. Barros e Soares, 423, 4715-214 Braga, Portugal UNIVERSAL COVER, S.A., with registered office at EN 101 Av. (hereinafter “PECUNPAY”), with registered office at C/ Guzmán El Bueno, no 133, Edificio América, Bajo B, 28003 – Madrid.įor the purposes of this contract it is understood by: It does not store any personal data.The general and specific conditions that are detailed below regulate the relation between PECUNIA CARDS EDE, S.L.U. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly.
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