Common use of SCOPE Clause in Contracts

SCOPE. This agreement regulates both individual Banking products and services, and commercial/ corporate Banking products and services. As a rule, those who act non commercial or non Professional purposes are considered individual Clients, and such persons are qualified as financial consumers. Such Clients are herein referred to as “individual Client”. Other Clients are referred to as “commercial Client”. Terms specifically referring to “individual Clients” and “commercial Clients” shall be applicable only for such respective Clients. Terms referring to “Clients” only shall be commonly applicable for both individual and commercial Clients. A Client may utilize Banking services as an “individual Client” and a “commercial Client” under a single BSA. The provision that would be applicable in such a case shall be determined on the basis of the Client’s capacity when he makes use of that service. This agreement covers all accounts opened or to be opened in the name of the Client with the Bank’s headquarters or branches, and all Banking products and services offered to the Clients. The Bank may amend the names and conditions of the products and services under this agreement, temporarily or permanently suspend or cease offering the services.

SCOPE. This agreement regulates both individual Banking products and services, and commercial/ commercial/corporate Banking products and services. As a rule, those who act non commercial or non Professional purposes are considered individual Clients, and such persons are qualified as financial consumers. Such Clients are herein referred to as “individual Client”. Other Clients are referred to as “commercial Client”. Terms specifically referring to “individual Clients” and “commercial Clients” shall be applicable only for such respective Clients. Terms referring to “Clients” only shall be commonly applicable for both individual and commercial Clients. A Client may utilize Banking services as an “individual Client” and a “commercial Client” under a single BSA. The provision that would be applicable in such a case shall be determined on the basis of the Client’s capacity when he makes use of that service. This agreement covers all accounts opened or to be opened in the name of the Client with the Bank’s headquarters or branches, and all Banking products and services offered to the Clients. The Bank may amend the names and conditions of the products and services under this agreement, temporarily or permanently suspend or cease offering the services.