Common use of Cooling Off Clause in Contracts

Cooling Off. 18.1. When an agreement has been reached between the Bank and the Custom- er to avail a product or service, the Bank will offer the Customer a Cooling-Off Period after the signing of the contractual agreement during which time the Customer has the right to withdraw from the product. 18.2. The standard Cooling-Off period for products and services wherever applicable is 5 Business days. 18.3. The Customer may waive the Cooling-off Period for products or services that have a third party involvement or are price and/ or cost sensitive or require immediate execution subsequent to the signing of the contract. If the Customer chooses to sign the waiver, the Customer will no longer be entitled to a refund of fees and or charges and early termination, if allowed for the product availed, will apply as per the Schedule of Charges. 18.4. Should the customer choose to avail the Cooling-Off Period, the Bank will proceed with the set-up and or booking of the facility only after the stipulated Cooling- Off Period has expired. 18.5. If the Customer decides to cancel the product or service request within the Cooling-Off Period, any fees or charges recovered shall be refunded back to the customer excluding any direct costs such as Al Etihad Credit Bureau Charges already incurred by the Bank. The Customer must settle all outstanding dues (if any) immediately and / or return the bank provided instruments to the Branch on requesting the cancellation. The Customer is required to notify the Bank of the cancellation in writing within the Cooling-Off Period.

Cooling Off. 18.1. 10.1) When an agreement has been reached between the Bank and the Custom- er Customer to avail a product or service, the Bank will offer the Customer a Cooling-Off Period after the signing of the contractual agreement during which time the Customer has the right to withdraw from the product. 18.2. 10.2) The standard Cooling-Off period for products and services wherever applicable is 5 Business days. 18.3. 10.3) The Customer may waive the Cooling-off Period for products or services that have a third party involvement or are price and/ or cost sensitive or require immediate execution subsequent to the signing of the contract. If the Customer chooses to sign the waiver, the Customer Custom- er will no longer be entitled to a refund of fees and or charges and early termination, if allowed for the product availed, will apply as per the Schedule of Charges. 18.4. 10.4) Should the customer choose to avail the Cooling-Off Period, the Bank will proceed with the set-up and or booking of the facility only after the stipulated Cooling- Cooling-Off Period has expired. 18.5. 10.5) If the Customer decides to cancel the product or service request within the Cooling-Off Period, any fees or charges recovered shall be refunded back to the customer excluding any direct costs such as Al Etihad Credit Bureau Charges already incurred by the Bank. The Customer must settle all outstanding dues (if any) immediately immedi- ately and / or return the bank provided instruments to the Branch on requesting the cancellation. The Customer is required to notify the Bank of the cancellation in writing within the Cooling-Off Period.. FOR OFFICE USE

Cooling Off. 18.1. 10.1) When an agreement has been reached between the Bank and the Custom- er Customer to avail a product or service, the Bank will offer the Customer a Cooling-Off Period after the signing of the contractual agreement during which time the Customer has the right to withdraw from the product. 18.2. 10.2) The standard Cooling-Off period for products and services wherever applicable is 5 Business days. 18.3. 10.3) The Customer may waive the Cooling-off Period for products or services that have a third party involvement or are price and/ or cost sensitive or require immediate execution subsequent to the signing of the contract. If the Customer chooses to sign the waiver, the Customer Custom- er will no longer be entitled to a refund of fees and or charges and early termination, if allowed for the product availed, will apply as per the Schedule of Charges.. FOR OFFICE USE 18.4. 10.4) Should the customer choose to avail the Cooling-Off Period, the Bank will proceed with the set-up and or booking of the facility only after the stipulated Cooling- Cooling-Off Period has expired. 18.5. 10.5) If the Customer decides to cancel the product or service request within the Cooling-Off Period, any fees or charges recovered shall be refunded back to the customer excluding any direct costs such as Al Etihad Credit Bureau Charges already incurred by the Bank. The Customer must settle all outstanding dues (if any) immediately and / or return the bank provided instruments to the Branch on requesting the cancellation. The Customer is required to notify the Bank of the cancellation in writing within the Cooling-Off Period.