Common use of Amendment and termination of the framework agreement Clause in Contracts

Amendment and termination of the framework agreement. 6.22. a. Any amendment of a term in the framework agreement is proposed by the Bank to the Customer in printed form or in another durable medium at least 2 months before the proposed commencement of their enforcement. The Customer-payment services user can accept or reject such amendments before the proposed commencement of their enforcement. The Customer is deemed to have accepted the said amendments to the articles hereof, unless he notifies in writing the Bank that he does not accept them before the date of their proposed entry into force. In such event the Customer is entitled to terminate the framework agreement as of any date up to the enforcement date of the amendment. b. Changes in interest or exchange rates may be applied immediately and without notice, provided that such changes are based on the reference interest or exchange rates agreed on in a previous general update or, at all events, if same is especially provided for under the individual relevant contracts of the Customer. The Customer-payment services user shall be informed of any change in interest rate via information leaflets available at the Bank’s branches, press releases or relevant announcement on the Bank's website [xxx.xxx.xx]. However, changes in interest or exchange rates which are more favorable to the Customer may be applied without notice.

Amendment and termination of the framework agreement. 6.22. a. Any amendment of a term in the framework agreement is proposed by the Bank to the Customer in printed form or in another durable medium at least 2 months before the proposed commencement of their enforcement. The Customer-payment services user can accept or reject such amendments before the proposed commencement of their enforcement. The Customer is deemed to have accepted the said amendments to the articles hereof, unless he notifies in writing the Bank that he does not accept them before the date of their proposed entry into force. In such event the Customer is entitled to terminate the framework agreement as of any date up to the enforcement date of the amendment. b. Changes in interest or exchange rates may be applied immediately and without notice, provided that such changes are based on the reference interest or exchange rates agreed on in a previous general update or, at all events, if same is especially provided for under the individual relevant contracts of the Customer. The Customer-payment Customer -payment services user shall be informed of any change in interest rate via information leaflets available at the Bank’s branches, press releases or relevant announcement on the Bank's website [xxx.xxx.xx]. However, changes in interest or exchange rates which are more favorable to the Customer may be applied without notice.

Amendment and termination of the framework agreement. 6.22. a. Any amendment of a term in the framework agreement is proposed by the Bank to the Customer in printed form or in another durable medium at least 2 months before the proposed commencement of their enforcement. The Customer-payment services user can accept or reject such amendments before the proposed commencement of their enforcement. The Customer is deemed to have accepted the said amendments to the articles hereof, unless he notifies in writing the Bank that he does not accept them before the date of their proposed entry into force. In such event the Customer is entitled to terminate the framework agreement as of any date up to the enforcement date of the amendment. b. Changes in interest or exchange rates may be applied immediately and without notice, provided that such changes are based on the reference interest or exchange rates agreed on in a previous general update or, at all events, if same is especially provided for under the individual relevant contracts of the Customer. The Customer-Customer- payment services user shall be informed of any change in interest rate via information leaflets available at the Bank’s branches, press releases or relevant announcement on the Bank's website [xxx.xxx.xx]. However, changes in interest or exchange rates which are more favorable to the Customer may be applied without notice.