Additional terms of the Collection Sample Clauses

Additional terms of the Collection. 3.3.1. The Bank may at any time refuse to serve the Collection determined by the Agreement or any portion thereof if the Customer’s property and/or intangible property (including the Account) is subjected to any restriction, including restriction under the public law, which endangers fulfillment of obligations undertaken by the Customer before the Bank.
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Additional terms of the Collection. The Bank may at any time refuse to serve the Collection determined by the Agreement or any portion thereof if the Customer’s property and/or intangible property (including the Account) is subjected to any restriction, including restriction under the public law, which endangers fulfillment of obligations undertaken by the Customer before the Bank. If at the time of charging (paying) of the Commission Fee and/or Penalty (Fine) provided by the Agreement, the Legislation (including the instructions of the National Bank of Georgia) has established the rates of Commission Fee and/or Penalty (Fine) lower than the Commission Fee and/or Penalty (Fine) provided by the Agreement, the maximum interest rates (if any) of the Commission Fee and/or Penalty (Fine) set by the Legislation (including the instructions of the National Bank of Georgia) shall apply. The Customer shall, upon request by the Bank, be obliged to reimburse to the Bank all Commission Fees, Penalties and/or charges that may be imposed on the Bank. The term of payment by the Customer under this Section shall be determined according to the Bank’s request. The Customer shall notify the Bank in writing about any financial arrears the Commission Fee and Penalty, as well as any other indebtedness arising within the Collection 14 (fourteen) calendar days before its maturity, including before the refinancing from other financial institutions. In addition, if the amount of Stand-by Letter of Credit amount of the Stand-by Letter of Credit Agreement does not exceed 2,000,000 (two million) GEL or equivalent in other currencies (at the fixed rate by the National Bank of Georgia on the day of writing to the Bank), the Bank Provides to cover The above mentioned obligations on the date of receiving written appeal or if the written appeal was made during non-working hours, no later than the next banking day. In any other case, the Bank shall be entitled to cover the above mentioned obligations according to the 5.2. paragraph of annex N1 to the Collection Agreement. Any Commission Fee, money, funds and/or consideration payable to the Bank under the Agreement or/and other Agreement associated with the Agreement are indicated net of taxes (including without limitation any tax withholding liabilities in any jurisdiction on indirect taxes). The Main Obligations of the Customer To ensure performance of the Agreement: Purpose. The Customer is obliged to comply with the purpose of the Collection specified by the Agreement (if a...
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