THE OPENING OF ACCOUNTS AND INTEREST PRACTICES The Customer agrees, declares and undertakes the following; Clause Samples

THE OPENING OF ACCOUNTS AND INTEREST PRACTICES The Customer agrees, declares and undertakes the following;. 3.1. The Credit Card ▇▇▇▇▇▇ agrees that the opening of accounts in their names is left to the discretion of the Bank within the framework of the law and legislation and that in cases of an interest accruing account, the Bank shall be authorized to alter interest rates upon announcement or notification and to make necessary adjustments in interests when interest rates are changed by law and legislation. 3.2. With respect to the client’s account opened in the Bank and followed up on the Drawing Account Group in line with the documents he has presented, the Bank may carry the account forward to the Commercial Deposit Account Group in case it is determined by the bank, as a result of both miscellaneous inspections and examinations as well as the assessment of transactions made, that the account is being used for commercial purposes; in case the Bank uses such discretion the Bank shall not have any further obligation towards the client other than the notification of such situation to the customer’s address known by the Bank: The client accepts that the practice being the subject matter of this Article, the Bank’s discretion as given above and the consequences thereof and that he shall be responsible for the any missing documents in this regard. 3.3. In the event he requests his balance in the Drawings Account opened in the Bank and followed up on within the Drawings Account group, he shall have a right to reimbursement provided that the provisions of the Iraqi Civil Code concerning lien, right of retention, the transfer of receivables and settlement as well as authorities granted for and obligations vested in other laws remain reserved. 3.4. That the interest rate to be applied for the amount in the term deposit account with the maximum amounts and rates to be determined as per the Iraqi Banking legislation cannot be changed until the end of the maturity term and that in the event the term deposit account is not closed by the end of it maturity date, the new end term date is a weekend day and an order is given to postpone such term to the first subsequent working day, a new term shall be initiated. If the said order is not given however, the same maturity term shall be deemed to have been renewed with in interest rate to be valid as of the renewal date and that only the amount calculated over the interest rate valid on the date by which the account term had terminated may be claimed. 3.5. In the event the drawings accounts and term deposits are renewed, this ag...
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Related to THE OPENING OF ACCOUNTS AND INTEREST PRACTICES The Customer agrees, declares and undertakes the following;

  • THE PARTIES AGREE AS FOLLOWS Subject to the context, the words and expressions used in this Agreement have the same meanings respectively as they have in and for the purpose of the Principal Agreement.

  • NOW THEREFORE THE PARTIES AGREE AS FOLLOWS The employee is paid 100% of their earnings during the working period.

  • Performance of Services in Accordance with Regulatory Requirements; Furnishing of Books and Records In performing the services set forth in this Agreement, the Manager: A. shall conform with the 1940 Act and all rules and regulations thereunder, with all other applicable federal, state and foreign laws and regulations, with any applicable procedures adopted by the Trust’s Board of Trustees, and with the provisions of the Trust’s Registration Statement filed on Form N-1A as supplemented or amended from time to time; B. will make available to the Trust, promptly upon request, any of the Fund’s books and records as are maintained under this Agreement, and will furnish to regulatory authorities having the requisite authority any such books and records and any information or reports in connection with the Manager’s services under this Agreement that may be requested in order to ascertain whether the operations of the Trust are being conducted in a manner consistent with applicable laws and regulations.

  • NOW THEREFORE THE PARTIES AGREE TO THE FOLLOWING During the term of this agreement, if the proclamation of the above noted legislation results in additional costs for teachers or School Divisions, TEBA and the Association shall meet within sixty (60) days to discuss the appropriate apportionment of costs.

  • Conditions Precedent to Obligations of Each Party The obligations of each Party to effect the Merger and otherwise consummate the Contemplated Transactions to be consummated at the Closing are subject to the satisfaction or, to the extent permitted by applicable Law, the written waiver by each of the Parties, at or prior to the Closing, of each of the following conditions: