Common use of The Client is liable Clause in Contracts

The Client is liable. 5.1.4.3.1. To comply with the requirements of the legislation, internal Bank documents and this Agreement when conducting transactions under the Current Account; 5.1.4.3.2. If Client receives money from the Bank for salaries payments, the Client has to provide, in accordance with the procedure specified by the legislation, payment orders for transfer of taxes and compulsory payments, which are required to receive funds for salaries payments; 5.1.4.3.3. To Send timely request (in terms set by the Bank Service Fees) for cash withdrawal from the Bank's cash desk; 5.1.4.3.4 To provide, at the Bank request (within the term specified in such a requirement) information and documents that are required to ensure that the Bank properly implements its obligations concerning currency control, as well as in terms of preventing and counteracting to legalization (laundering) of the proceeds of crime, terrorist financing, and financing proliferation of weapons of mass destruction; 5.1.4.3.5. To immediately notify the Bank about crediting on the Current Account funds that she does not own (when the Client is not the appropriate beneficiary), and to return such funds in accordance with the requirements of the Legislation; 5.1.4.3.6. To transfer the Bank the amount of mistakenly received funds within 3 (three) business days from the day of receipt of the Bank message regarding the mistaken transfer; 5.1.4.3.7. To perform full and timely payment for the received Banking Services/executed transactions in accordance with the Bank Service Fees, which were valid at the time of execution of the respective transactions. 5.1.4.3.8. Timely provide the Bank (not later than the 1st (first) February of the year following the reporting year) with an annual confirmation of the Current Account balance (as of January 1). If the Client fails provided confirmation of the Current Account balances within the aforementioned term, the balances under the Current Account shall be deemed to be confirmed by the Client. 5.1.4.3.9. In case of there are changes in the documents which Client has to the Bank for Current Account opening, the Client has to submit the new documents (changes) confirming such changes to the Bank within 5 (five) Banking Days from the date the appropriate changes emerged. 5.1.4.3.10. To immediately inform the Bank and provide all relevant documents regarding the change of Client's status, in accordance with clause 5.1.1.8. of this Agreement, modifications of such documents, or the preparation of documents that affects the content or validity of the documents provided to the Bank. In the event that Client fails to provide such documentation, the Bank shall not be liable for transactions under Client's Current Account, executed on behalf of the persons indicated on the signature card/List of Account Managers, at the time of such transaction until the time when the documents were submitted and Bank files (documents) were updated, including, but not limited to, the Bank's authorization to accept a new signature card/new List of Account Managers and/or change the Client- Banking system

The Client is liable. 5.1.4.3.1. To comply with the requirements of the legislation, internal Bank documents and this Agreement when conducting transactions under the Current Account; 5.1.4.3.2. If Client receives money from the Bank for salaries payments, the Client has to provide, in accordance with the procedure specified by the legislation, payment orders for transfer of taxes and compulsory payments, which are required to receive funds for salaries payments; 5.1.4.3.3. To Send timely request (in terms set by the Bank Service Fees) for cash withdrawal from the Bank's cash desk; 5.1.4.3.4 To provide, at the Bank request (within the term specified in such a requirement) information and documents that are required to ensure that the Bank properly implements its obligations concerning currency control, as well as in terms of preventing and counteracting to legalization (laundering) of the proceeds of crime, terrorist financing, and financing proliferation of weapons of mass destruction; 5.1.4.3.5. To immediately notify the Bank about crediting on the Current Account funds that she does not own (when the Client is not the appropriate beneficiary), and to return such funds in accordance with the requirements of the Legislation; 5.1.4.3.6. To transfer the Bank the amount of mistakenly received funds within 3 (three) business days from the day of receipt of the Bank message regarding the mistaken transfer; 5.1.4.3.7. To perform full and timely payment for the received Banking Services/executed transactions in accordance with the Bank Service Fees, which were valid at the time of execution of the respective transactions. 5.1.4.3.8. Timely provide the Bank (not later than the 1st (first) February of the year following the reporting year) with an annual confirmation of the Current Account balance (as of January 1). If the Client fails provided confirmation of the Current Account balances within the aforementioned term, the balances under the Current Account shall be deemed to be confirmed by the Client. 5.1.4.3.9. In case of there are changes in the documents which Client has to the Bank for Current Account opening, the Client has to submit the new documents (changes) confirming such changes to the Bank within 5 (five) Banking Days from the date the appropriate changes emerged. 5.1.4.3.10. To immediately inform the Bank and provide all relevant documents regarding the change of Client's status, in accordance with clause 5.1.1.8. of this Agreement, modifications of such documents, or the preparation of documents that affects the content or validity of the documents provided to the Bank. In the event that Client fails to provide such documentation, the Bank shall not be liable for transactions under Client's Current Account, executed on behalf of the persons indicated on the signature card/List of Account Managers, at the time of such transaction until the time when the documents were submitted and Bank files (documents) were updated, including, but not limited to, the Bank's authorization to accept a new signature card/new List of Account Managers and/or change the Client- Banking systemsystem key, etc. In this case, the Client assures and warrants that all transactions under the Current Account are executed in accordance with the requirements of the Law and by Client's authorized persons. 5.1.4.3.11. In the case of settlement transactions, executed to perform payments for procurement contracts concluded in accordance with the provisions of the Law of Ukraine "On Public Procurement" dated December 25, 2015, No. 922- VIII" (hereinafter - "Special Agreements"), the Client is liable to provide to the Bank during every payment(s) under the Special Agreements (simultaneously with the transfer of the Settlement Document) a letter stating that the payment is subject to the Law of Ukraine "On Public Procurement" dated December 25, 2015 N 922-VIII" (hereinafter referred to as the "Law" ) and include reference to an e-mail address, which contains the relevant report on procurement procedure results, and other documents provided by the Law requirements. In case the Client fails to fulfilment/improperly fulfils the obligation stipulated by this clause. 5.1.4.3.11., the Client shall be held liable under the Law for violating the Law requirements and undertakes to reimburse the Bank all costs, expenses and losses incurred by the Bank as a result of the Bank's failure to verify the documents provided for in clause. 5.1.4.3.11. herein; 5.1.4.3.12. To perform other obligations provided by this Agreement and/or the Legislation. 5.1.4.4.

The Client is liable. 5.1.4.3.1. To comply with the requirements of the legislation, internal Bank documents and this Agreement when conducting transactions under the Current Account; 5.1.4.3.2. If Client receives money from the Bank for salaries payments, the Client has to provide, in accordance with the procedure specified by the legislation, payment orders for transfer of taxes and compulsory payments, which are required to receive funds for salaries payments; 5.1.4.3.3. To Send timely request (in terms set by the Bank Service Fees) for cash withdrawal from the Bank's cash desk; 5.1.4.3.4 To provide, at the Bank request (within the term specified in such a requirement) information and documents that are required to ensure that the Bank properly implements its obligations concerning currency control, as well as in terms of preventing and counteracting to legalization (laundering) of the proceeds of crime, terrorist financing, and financing proliferation of weapons of mass destruction; 5.1.4.3.5. To immediately notify the Bank about crediting on the Current Account funds that she does not own (when the Client is not the appropriate beneficiary), and to return such funds in accordance with the requirements of the Legislation; 5.1.4.3.6. To transfer the Bank the amount of mistakenly received funds within 3 (three) business days from the day of receipt of the Bank message regarding the mistaken transfer; 5.1.4.3.7. To perform full and timely payment for the received Banking Services/executed transactions in accordance with the Bank Service Fees, which were valid at the time of execution of the respective transactions. 5.1.4.3.8. Timely provide the Bank (not later than the 1st (first) February of the year following the reporting year) with an annual confirmation of the Current Account balance (as of January 1). If the Client fails provided confirmation of the Current Account balances within the aforementioned term, the balances under the Current Account shall be deemed to be confirmed by the Client. 5.1.4.3.9. In case of there are changes in the documents which Client has to the Bank for Current Account opening, the Client has to submit the new documents (changes) confirming such changes to the Bank within 5 (five) Banking Days from the date the appropriate changes emerged. 5.1.4.3.10. To immediately inform the Bank and provide all relevant documents regarding the change of Client's status, in accordance with clause 5.1.1.8. of this Agreement, modifications of such documents, or the preparation of documents that affects the content or validity of the documents provided to the Bank. In the event that Client fails to provide such documentation, the Bank shall not be liable for transactions under Client's Current Account, executed on behalf of the persons indicated on the signature card/List of Account Managers, at the time of such transaction until the time when the documents were submitted and Bank files (documents) were updated, including, but not limited to, the Bank's authorization to accept a new signature card/new List of Account Managers card and/or change the Client- Client-Internet Banking systemsystem "OTP Online" key, etc. In this case, the Client assures and warrants that all transactions under the Current Account are executed in accordance with the requirements of the Law and by Client's authorized persons. 5.1.4.3.11. In the case of settlement transactions, executed to perform payments for procurement contracts concluded in accordance with the provisions of the Law of Ukraine "On Public Procurement" dated December 25, 2015, No. 922- VIII" (hereinafter - "Special Agreements"), the Client is liable to provide to the Bank during every payment(s) under the Special Agreements (simultaneously with the transfer of the Settlement Document) a letter stating that the payment is subject to the Law of Ukraine "On Public Procurement" dated December 25, 2015 N 922-VIII" (hereinafter referred to as the "Law" ) and include reference to an e-mail address, which contains the relevant report on procurement procedure results, and other documents provided by the Law requirements. In case the Client fails to fulfilment/improperly fulfils the obligation stipulated by this clause. 5.1.4.3.11., the Client shall be held liable under the Law for violating the Law requirements and undertakes to reimburse the Bank all costs, expenses and losses incurred by the Bank as a result of the Bank's failure to verify the documents provided for in clause. 5.1.4.3.11. herein; 5.1.4.3.12. To perform other obligations provided by this Agreement and/or the Legislation.

The Client is liable. 5.1.4.3.1. To comply with the requirements of the legislation, internal Bank documents and this Agreement when conducting transactions under the Current Account; 5.1.4.3.2. If Client receives money from the Bank for salaries payments, the Client has to provide, in accordance with the procedure specified by the legislation, payment orders for transfer of taxes and compulsory payments, which are required to receive funds for salaries payments; 5.1.4.3.3. To Send timely request (in terms set by the Bank Service Fees) for cash withdrawal from the Bank's cash desk; 5.1.4.3.4 To provide, at the Bank request (within the term specified in such a requirement) information and documents that are required to ensure that the Bank properly implements its obligations concerning currency control, as well as in terms of preventing and counteracting to legalization (laundering) of the proceeds of crime, terrorist financing, and financing proliferation of weapons of mass destruction; 5.1.4.3.5. To immediately notify the Bank about crediting on the Current Account funds that she does not own (when the Client is not the appropriate beneficiary), and to return such funds in accordance with the requirements of the Legislation; 5.1.4.3.6. To transfer the Bank the amount of mistakenly received funds within 3 (three) business days from the day of receipt of the Bank message regarding the mistaken transfer; 5.1.4.3.7. To perform full and timely payment for the received Banking Services/executed transactions in accordance with the Bank Service Fees, which were valid at the time of execution of the respective transactions. 5.1.4.3.8. Timely provide the Bank (not later than the 1st (first) February of the year following the reporting year) with an annual confirmation of the Current Account balance (as of January 1). If the Client fails provided confirmation of the Current Account balances within the aforementioned term, the balances under the Current Account shall be deemed to be confirmed by the Client. 5.1.4.3.9. In case of there are changes in the documents which Client has to the Bank for Current Account opening, the Client has to submit the new documents (changes) confirming such changes to the Bank within 5 (five) Banking Days from the date the appropriate changes emerged. 5.1.4.3.10. To immediately inform the Bank and provide all relevant documents regarding the change of Client's status, in accordance with clause 5.1.1.8. of this Agreement, modifications of such documents, or the preparation of documents that affects the content or validity of the documents provided to the Bank. In the event that Client fails to provide such documentation, the Bank shall not be liable for transactions under Client's Current Account, executed on behalf of the persons indicated on the signature card/List of Account Managers, at the time of such transaction until the time when the documents were submitted and Bank files (documents) were updated, including, but not limited to, the Bank's authorization to accept a new signature card/new List of Account Managers card and/or change the Client- Client-Internet Banking systemsystem "OTP Online" key, etc. In this case, the Client assures and warrants that all transactions under the Current Account are executed in accordance with the requirements of the Law and by Client's authorized persons. 5.1.4.3.11. In the case of settlement transactions, executed to perform payments for procurement contracts concluded in accordance with the provisions of the Law of Ukraine "On Public Procurement" dated December 25, 2015, No. 922- VIII" (hereinafter - "Special Agreements"), the Client is liable to provide to the Bank during every payment(s) under the Special Agreements (simultaneously with the transfer of the Settlement Document) a letter stating that the payment is subject to the Law of Ukraine "On Public Procurement" dated December 25, 2015 N 922-VIII" (hereinafter referred to as the "Law" ) and include reference to an e-mail address, which contains the relevant report on procurement procedure results, and other documents provided by the Law requirements. In case the Client fails to fulfilment/improperly fulfils the obligation stipulated by this clause. 5.1.4.3.11., the Client shall be held liable under the Law for violating the Law requirements and undertakes to reimburse the Bank all costs, expenses and losses incurred by the Bank as a result of the Bank's failure to verify the documents provided for in clause. 5.1.4.3.11. herein; 5.1.4.3.12. To perform other obligations provided by this Agreement and/or the Legislation. 5.1.4.4.