CLIENT INFORMATION AND BANKING SECRECY. 7.1 The client declares that at the moment of receipt of its application by the bank as per paragraph 1.2 hereof the informsautibomn itted to the bank by the client (including information on its entrepreneurial activity, its status as a taxpayer) is authentic, accurate, complete and exhaustive. The client shall immediately notify the bank of any change in its identification data, contact information, status or entreprerniaeluactivity. 7.1.1 client declared andconfirms that: 7.1.1.1 he/she is duly authorized to conclude and execute this contract; 7.1.1.2 is not involved in any court proceedings (as a plaintiff, defendant or a third party) that endangers fulfillment of a custro'smoebligations, or the customer's property and/orassets; 7.1.1.3 will not refuse to fulfill the obligations provided for by this contract, also will not transfer his/her obligations to a trhdi party. In addition, this provision does not stipulate that the customer/borrower shall personally fulfill the obligatiso,nand does not exclude the bank's right to accept the performance proposed by a third party and for these purposes, the customer/▇▇▇▇▇▇▇▇ agrees that the bank provide the trhtiyrdwpitah information on the current liabilities/duties of the customer/borrwo er. 7.1.1.4 Upon concluding this contract, he/she is not mislead, cheated or exposed to the violence or threat applied against him/her; 7.1.1.5 He/she is aware that provision of false and/or incorrect (irrelevant to the truth) to the bank is subject to punishment untdhe Criminal Code of Georgia and constitutes sufficient grounds for the termination of this contract. 7.1.1.6 Anytime before the execution of this Agreement or during the validity period hereof, the Client, its shareholders, managemoer ntht e members of
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Sources: Banking Agreement, Banking Agreement