Contract Term and Termination. 14.1 The Contract becomes effective when the Holder / Authorized user receives the card and the PIN and is valid for a period of 60 months with the possibility of being automatically extended for new successive periods of 60 months. If neither party sends the other party a written notification at least 30 days before the expiry of the initial term or of any of the extended terms, specifying that it does not wish to extend the Contract. In any case, the extension of this Contract and the reissue of the card are not binding for the Bank, and are conditioned by a new analysis of the Holder at the time of each automatic extension.
Appears in 9 contracts
Samples: Framework Agreement, Framework Agreement, Framework Agreement
