GENERAL TERMS AND CONDITIONS OF THE BANKING SERVICE. 5.6.1.1. The Bank, on the basis of the following documents executed between: (i) concluded between the Bank and the Beneficiary Client Guaranteed Payments Agreement or the Applications for the Guaranteed Payment Banking Service/Applications for modification of the Guaranteed Payment Banking Service, and (ii) concluded between the Bank and the Payer Client, the Applications for the Guaranteed Payment Banking Service/Applications for modification of the Guaranteed Payment Banking Service, and in accordance with the agreed Applications for Guaranteed Payment, in the manner prescribed by this clause 5.6. of the Agreement, undertakes to make Guaranteed Payments from the Special Account of the Payer Client in favour of the Beneficiary Client for payment of goods/works/services provided/delivered by the Beneficiary Client to the Payer Client under the executed agreements/contract, including by providing of the Overdraft Bank Loan in UAH to the Payer Client, and the Payer Client undertakes to return the used amount of the Overdraft, pay interest, fees and other payments on the provided Overdraft and for the provision of the Banking Service in the manner, amount and terms specified by the relevant Applications for the Guaranteed Payment Banking Service / Applications for modification of the Guaranteed Payment Banking Service between the Bank and the Payer Client, the Bank's Tariffs and the Overdraft Rules of Guaranteed Payment. For the avoidance of doubt, the Banking Service may be provided to the Recipient Client on the basis of and in accordance with this Agreement or on the basis of and in accordance with the terms of the relevant Guaranteed Payments Agreement. Irrespective of the grounds for the Bank's provision of the Banking Service to the Recipient Client (this Agreement or a separate Guaranteed Payment Agreement), the Bank's provision of the Banking Service to the Paying Client shall be carried out in accordance with this Agreement. 5.6.1.2.
GENERAL TERMS AND CONDITIONS OF THE BANKING SERVICE. 5.6.1.1. The Bank, on the basis of the following documents executed between: (i) the Bank and the Beneficiary Client, the Applications for the Guaranteed Payment Banking Service/Applications for modification of the Guaranteed Payment Banking Service, and (ii) the Bank and the Payer Client, the Applications for the Guaranteed Payment Banking Service/Applications for modification of the Guaranteed Payment Banking Service, and in accordance with the agreed Applications for Guaranteed Payment, in the manner prescribed by this clause 5.6. of the Agreement, undertakes to make Guaranteed Payments from the Special Account of the Payer Client in favour of the Beneficiary Client for payment of goods/works/services provided/delivered by the Beneficiary Client to the Payer Client under the executed agreements/contract, including by providing of the Overdraft Bank Loan in UAH to the Payer Client, and the Payer Client undertakes to return the used amount of the Overdraft, pay interest, fees and other payments on the provided Overdraft and for the provision of the Banking Service in the manner, amount and terms specified by the relevant Applications for the Guaranteed Payment Banking Service / Applications for modification of the Guaranteed Payment Banking Service between the Bank and the Payer Client, the Bank's Tariffs and the Overdraft Rules of Guaranteed Payment. 5.6.1.2.
GENERAL TERMS AND CONDITIONS OF THE BANKING SERVICE. 5.4.1.1. The Bank on the basis of and in accordance with the terms of the Statement concluded by the Parties on the conditions for charging interest on the balance of funds and taking into account clauses 5.4.4 of this Agreement in accordance with the procedure provided for in this clause 5.4 of the Agreement, charges interest on the Balance of Funds on the Current Account (taking into account the Valuation Date) and pays the accrued interest to the Client. 5.4.1.2. The Banking Service for accrual of interest on the Balance of Funds on the Current Account may be provided for one, several or all of the Client's Current Accounts. The number of the Client's Current Account, on the Balance of Funds on which interest is accrued under this Agreement, is indicated in the relevant Statement on the conditions for accrual of interest on the balance of funds. 5.4.1.3. The provision of the Banking Service regarding the accrual of interest on the Balance of Funds on the relevant Current Account is carried out exclusively after the Parties conclude an Application on the conditions of accrual of interest on the balance of funds on the relevant Current Account in the manner provided for in clause 5.4.2. this Agreement. At the same time, in order for the Client to receive Banking Services for each separate Current Account, the Parties conclude a separate Statement on the conditions for charging interest on the balance of the Current Account. Subject to the conditions, the accrual of interest on the Balance of Funds on the Client's Current Account is carried out in accordance with clauses 5.4.4 of this Agreement. Each Statement on the conditions for charging interest on the remaining costs is an integral part of this Agreement. 5.4.1.4. Accrual of interest on the Balance of Funds on the Current Account can be carried out at a Fixed Interest Rate or a Floating Interest Rate or a Threshold Interest Rate or a Group Threshold Interest Rate. The specific type, type and amount of the Interest Rate at which the Bank charges interest on the Balance of Funds on the relevant Current Account, as well as the period (term) of the relevant Interest Rate, is agreed by the Parties in the Statement on the conditions for charging interest on the balance of funds, except in cases of change conditions for charging interest on the Balance of Funds on the Client's Current Account in accordance with clauses 5.4.4 of this Agreement, taking into account the following: • Floating Interest Rate and T...
