The Bank will Sample Clauses
This clause outlines the specific obligations or actions that the bank is required to perform under the agreement. It typically details services such as processing payments, maintaining accounts, or providing financial information, depending on the context of the contract. By clearly stating what the bank must do, this clause ensures both parties understand the bank's responsibilities, thereby reducing ambiguity and helping to prevent disputes over performance.
The Bank will waive the interest charges on Purchases, fees and service charges if the Bank receives payment in full at its MasterCard Payment Center of the aggregate outstanding balance of the Member Account on or before the Payment Due Date each month. The Bank will not waive interest charges on Cash Advances.
The Bank will in relation to any offer to acquire a majority of the Ordinary Shares in the Bank (other than those held by the offeror), tender offer, takeover bid, takeover scheme of arrangement (excluding a Newco Scheme), merger or analogous transaction, procure (so far as is within its power to do so) that the offeror or acquirer shall make an offer for, or seek to acquire, the CNV Shares on the same terms offered or put to the holders of the Ordinary Shares, and procure (so far as is within its power to do so) that in relation to the conduct of the transaction there is equal treatment of the holders of CNV Shares and the holders of Ordinary Shares (including, but not limited to, the consideration offered, timing and contents of communications to, and rights and options accruing to their holders);
The Bank will bill ▇▇▇ Trust as soon as practicable after the end of each month, and said bill▇▇▇▇ ▇▇▇l be detailed in accordance with the Fee Schedule. The Trust will promptly pay to the Bank the amount of such billing. In the event such bill ▇▇ not promptly paid, the Bank may charge against any money specifically allocated to the Trust such compensation and any expenses incurred by the Bank in the performance of its duties pursuant to such agreement. The Bank shall also be entitled to charge against any money held by it and specifically allocated to the Trust the amount of any loss, damage, liability or expense incurred with respect to such Trust, including counsel fees, for which it shall be entitled to reimbursement under the provision of this Agreement. The expenses which the Bank may charge against such account include, but are not limited to, the expenses of Sub-Custodians and foreign branches of the Bank incurred in settling transactions outside of San Francisco or New York City involving the purchase and sale of Securities of the Trust.