Banks Concerned definition

Banks Concerned means the Paying Bank and the head office or branches of the Bank or other financial institutions which conduct the following for remittances: a. Intermediation of payment orders; or b. Settlement between banks of funds to be remitted.

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Banks Concerned means any bank or office(s) or branch(es) of any bank (including but not limited to those of MUFG Bank, Ltd. other than the office or branch to which the applicable Remittance Application was submitted, and which accepted the same) and their sub-agent(s) and employee(s) who perform, in whole or in part, or is in any way involved in the performance of, the applicable Remittance.

Banks Concerned means the Paying Bank and the head office or branches of The Hongkong and Shanghai Banking Corporation Limited or other financial institutions which conduct the following for remittances:

Examples of Banks Concerned in a sentence

The Bank shall then conduct an investigation such as inquiring with the Banks Concerned and reporting the results thereof to the applicant.
Matters not stipulated herein shall be governed by the laws, regulations, customs and practices of Japan and other relevant countries and the procedures prescribed by the Banks Concerned.
In such cases, laws, regulations, customs and practices of the relevant countries, as well as certain procedures prescribed by the Banks Concerned, shall be observed in respect to the currency of payment, foreign exchange rate, charges and such.
Additional charges and expenses relating to the Banks Concerned, if any, shall be paid by the applicant at a later date.
In addition, the same shall apply with respect to selecting Banks Concerned unless specifically designated by the applicant.
Should the Bank receive any refund relating to the remittance from the Banks Concerned, the Bank shall immediately repay such amount to the applicant.
In addition, the Customer may be required to pay fees and expenses relating to the Banks Concerned at a later date.
In such a case, the Bank shall take steps to investigate the matter, such as by enquiring with the Banks Concerned, etc., and report the results thereof.
Issuance of payment orders to the Banks Concerned to entrust payment of certain amounts to payees residing in foreign countries (Advise & Pay / Pay on Application).
Any Unauthorized Bank Calls, Probes or Communications, or An Improper Solicitation or Disclosure Involving Any of The Banks Concerned in This Transaction Will Result Immediate Cancellation of This Transaction and Subject the Violating Party to Damages.

More Definitions of Banks Concerned

Banks Concerned means any office(s) or branch(es) of any bank (including those of MUFG Bank (Malaysia) Berhad other than the office or branch of the Bank to which the application for this remittance was submitted and which accepted the same) and their agents used in the performance of this remittance.

Banks Concerned means any office(s) or branch(es) of any bank (including those of the Bank or Cathay United Bank other than the office or branch of the Bank to which the application for this remittance was submitted and which accepted the same) and their agents used in the performance of this remittance. “Ngân Hàng liên quan” có nghĩa là bất kỳ văn phòng hoặc chi nhánh nào của bất kỳ ngân hàng nào (bao gồm các văn phòng hoặc chi nhánh của Ngân Hàng hoặc Ngân Hàng Cathay United Bank ngoài văn phòng hoặc chi nhánh của Ngân Hàng mà giấy chuyển tiền này đã được đệ trình và chấp nhận) và đại lý của họ sử dụng trong việc thực hiện khoản chuyển tiền này.