Common use of Definitions Clause in Contracts

Definitions. For the purpose of the present General Terms and Conditions, the application for a Deposit account, the Term Deposit Contract and all appendices thereto, the terms listed below shall have the following meanings: Application means an application for closing a Term Deposit Contract, which is a form submitted through the Savedo Internet Platform and approved by J&T banka which is filled in and signed by the client; Business Day means any day in which J&T banka is open for business. For payment transactions related to transferring funds to/from other payment service providers, Saturdays and Sundays (unless they are declared business days) and the official holidays in Croatia shall not be considered as Business Days; Client means an individual with permanent residence in the Federal Republic of Germany, who has submitted an Application through the Internet Platform for opening of a Deposit account with Savedo. US citizens and Green Card holders are not allowed to participate in the product offer; Deposit means a deposit with agreed maturities within the meaning of the glossary of the Guideline of the European Central Bank of 1st August 2007 (ECB/2007/9) and no. 1 of Annex 1 of Directive 2013/36/EU, which J&T banka, based on a Deposit Contract, accepted, via the Client´s Savedo Account; Depositor means a Client in whose name a Deposit has been accepted by J&T banka and who has the right to dispose of the Deposit; Deposit Product means a specific deposit offered by J&T banka, designated by an identification number, with basic terms and conditions as announced on the Internet Platform; Interest Payment Period means the frequency at which interest payments are made per year; Interest Rate means the annual rate of interest payments to the Client (before tax). Effective deposit interest rate for a Deposit is the rate printed on the application form and will be guaranteed as long as the deadlines mentioned thereon are met; Maturity Date means the date on which the Deposit is due; Maximum Exposure means the maximum volume of funds in EUR that the Depositor may deposit with J&T banka; Maximum Volume means the maximum volume in EUR allowed to be transferred per Deposit, which is EUR 100,000; Minimum Volume means the minimum volume in the EUR required to access the deposit offer per Deposit, which is EUR 5,000;