Obligation Currency. 2.19.1. The Client shall meet his or her obligations to the Bank for all types of contracts concluded with the Bank (including credit agreements and security agreements (guarantee, bailment, mortgage) in the currency of obligation, unless otherwise stated in the contracts with the Client. If the obligations are expressed in a foreign currency, the exchange rate into the national currency shall not be a reason to change the amount or currency of such obligations. 2.19.2. In exceptional cases, the Client shall have the right to initiate the change of obligation currency (wholly or partially). Such an initiation can be made by filing the relevant application and/or relevant payment document and/or signing the relevant contract. In the event that the Bank consents to such change, the obligation currency shall be exchanged into the national currency at the rate determined by the Bank for a total amount, which shall not exceed the amount of the payment, and the performance of obligations of this amount can be fulfilled in the national currency.
Appears in 3 contracts
Sources: General Agreement on the Provision of Banking Services, General Agreement on the Provision of Banking Services, General Agreement on the Provision of Banking Services