BANKING ACT Sample Clauses
The 'Banking Act' clause defines the application of relevant banking laws and regulations to the agreement or transaction at hand. Typically, this clause clarifies that all parties must comply with the provisions of the Banking Act, which may include requirements for licensing, reporting, and operational conduct for financial institutions. For example, it may specify that any financial services provided under the agreement are subject to oversight and restrictions imposed by the Banking Act. The core function of this clause is to ensure legal compliance and to allocate regulatory risk by making clear that the parties are bound by statutory banking obligations.
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BANKING ACT. The Cardholder hereby authorises Maybank and/or its officers to make use of, disclose, divulge or reveal any information relating to his/her account for purposes of or in connection with any action or proceeding taken for the purpose of recovery of monies due and payable by the Cardholder to Maybank under this Agreement.
BANKING ACT. No member of the Group is a bank, a holding company of a bank, a building society or a credit union, or a group undertaking of any such entities as such terms are defined in Part 1 of the Banking ▇▇▇ ▇▇▇▇.
BANKING ACT. The Cardmember hereby authorises the Bank and/or its officers to make use of, disclose, divulge or reveal any information relating to his/her account for purposes of or in connection with any action or proceeding taken for the purpose of recovery of monies due and payable by the Cardmember to the Bank under this Agreement.
BANKING ACT. This Clause is not and shall not be deemed to constitute, an express or implied agreement by any Finance Party with any Obligor for a higher degree of confidentiality than that prescribed in Section 47 of, and the Third Schedule to, the Banking ▇▇▇ ▇▇▇▇ of Singapore.
BANKING ACT. The Borrower shall comply in all respects with the AFS.
BANKING ACT. Without prejudice to the generality of your obligations under Clause 9, you shall observe the provisions relating to banking secrecy under the Banking Act (Cap 19) in respect of all API Data and any other information or records provided by the Bank to you in connection with these Terms of Use, as if you were bound by them.
BANKING ACT. The Issuer is not a holding company of a bank, a building society or a credit union, or a group undertaking of any such entities as such terms are defined in Part 1 of the Banking Act 2009.
PART 1 CORPORATE COVENANTS OF THE ISSUER
BANKING ACT. The Seller is not a holding company of a bank, a building society or a credit union, or a group undertaking of any such entities as such terms are defined in Part 1 of the Banking Act 2009.