Common use of RIGHT TO OPT OUT OF ARBITRATION Clause in Contracts

RIGHT TO OPT OUT OF ARBITRATION. You have the right to opt-out of this Arbitration Clause and it will not affect any other terms and conditions of this Agreement or your relationship with us. TO OPT OUT, YOU MUST NOTIFY US IN WRITING OF YOUR INTENT TO DO SO WITHIN 30 DAYS AFTER YOU FIRST ENROLLED FOR OR USED THE SERVICES OR WITHIN 30 DAYS AFTER THE EFFECTIVE DATE OF THIS ARBITRATION CLAUSE, IF THE ARBITRATION CLAUSE WAS ADDED TO THE AGREEMENT AFTER YOU ENROLLED FOR OR FIRST USED THE SERVICES. Your opt out notice can be a letter that is signed by you that states “I elect to opt out of the Arbitration Clause in my Online and Mobile Banking Agreement with Eastern Bank” or any words to that effect. Send the notice to: Eastern Bank Legal Department 000 Xxxxxx Xxxxxx, XX0-00 Xxxx, Xxxxxxxxxxxxx 00000 An election to opt out applies only to Claims arising under this Agreement or, if this Agreement is not specifically identified in your notice, then to any Bank services you requested within the 30-day period before we received your notice. The Arbitration Clause will apply to any Claims between us relating to any account(s) or services for which we do not receive an opt-out notice as described in this paragraph.