Joint Holders definition
Examples of Joint Holders in a sentence
If the Bank receives contradictory Instructions from the said lawfully appointed representative of the mentally incapacitated Wealth Account Joint Holder(s) and/or the other Wealth Account Joint Holder(s), the Bank may choose to act only on the mandate of both the other Wealth Account Joint Holder(s) and the lawfully appointed representative of the mentally incapacitated Wealth Account Joint Holder.
The provisions of this Section 5, as well as the other provisions hereof and the applicable provisions of the Terms and Conditions, shall apply to the Joint Agreement (in such case, the provisions applicable to the Client shall be binding upon all the Joint Holders).
Each of the Joint Holders shall be entitled and authorized to submit instructions concerning the funds deposited on the joint Accounts, which shall be binding upon all the Joint Holders, as well as to activate and deactivate Accounts and open Term Deposits under the Joint Agreement.
Atthesame time, Joint Holders shall be deemed joint and several creditors of the Bank.
When a Joint Wealth Account is opened in the names of 2 or more Wealth Account Joint Holders, all Wealth Portfolios under the Joint Wealth Account shall be maintained and operated by the same Wealth Account Joint Holders with the same signing authority, including the respective sets of Multi Currency Current Account (MCCA), Multi Currency Term Deposit (MCTD) and investment products under or within the Wealth Portfolios.