Common use of Obligations and liability of the Bank Clause in Contracts

Obligations and liability of the Bank. The Bank will take all reasonable precautions to provide software that is free of viruses and other malware. The Customer may not hold the Bank liable for any damage to hardware and/or software caused by a virus. The Bank cannot be held liable for any failures or malfunctions of the Services resulting from technical problems in the network or a shortcoming on behalf of the Internet service provider or another third party, or from any other problem that is beyond the control of the Bank. The Bank will make every effort to guarantee the continuity of the Services. Nevertheless, the Bank reserves the right to temporarily suspend the Services for maintenance or improvement works. The Bank reserves the right to block, without advance notice, the Customer's access to the Services for objectively justified reasons relating to the security of the Services or the suspicion of unauthorized or fraudulent use. The Bank shall inform the Customer of the blocking, unless this would thwart objectively justified security reasons or is legally prohibited. The Bank is liable for the direct damage resulting from fraud or serious error by its services or its personnel. Under no circumstances will the Bank be liable for indirect damages.

Appears in 9 contracts

Samples: Online and Beobank Mobile Agreement, Online and Beobank Mobile Agreement, Online and Beobank Mobile Agreement

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