Common use of Consent and Discretion Clause in Contracts

Consent and Discretion. 31.1 In the Agreement, where the Bank’s prior consent, written or otherwise is required to be obtained, such consent may be withheld by the Bank at its absolute discretion. 31.2 You agree to provide any information as is necessary to verify your identity and do all things necessary to enable the Bank to comply with applicable anti-money laundering and “know-your client” laws and regulations. You agree that the Bank shall be held harmless against any loss arising as a result of any delay or failure to process any application or transaction if such information and documentation requested by the Bank has not been provided by you. 31.3 The following definitions shall have the following meanings respectively in this Clause 31.3, 31.3A and 31.3B:

Appears in 4 contracts

Sources: Terms and Conditions, Terms and Conditions, Terms and Conditions