FIXED-TERM DEPOSIT REGULATIONS Clause Samples

FIXED-TERM DEPOSIT REGULATIONS. IF THE CUSTOMER is more than one person, it is understood that any of them acting individually may dispose of deposits deposited in the account, unless otherwise agreed with THE BANK. In any case, the use of the conjunctions "and", "and / or" or "or" between the names of said holders shall have the meaning and consequences attributed to them by Law 42 of November 8, 1984.  The account will only accept the legal deposit of money in the Republic of Panama and checks drawn against THE BANK or other banks. Refunds or refunds of funds to THE CLIENT are payable only in a Panamanian branch of THE BANK, at the time of payment.  If THE CUSTOMER is a legal entity, the changes related to its personality, capacity, existence, bylaws, bylaws, integration of its corporate bodies, designation and removal of Directors, Officers and Officers of the Company and in general all that concern Its administrative and social structure, will only produce effects vis-à-vis THE BANK, after such changes have been notified to THE BANK in writing and THE BANK confirms, also in writing, that it has taken note of them. The same notification and acknowledgment of receipt will apply to the granting and revocation of powers, whether the CLIENT is a natural person or a legal entity. Therefore, registration of such changes, grants or revocations is not sufficient for them to oblige THE BANK, but it is necessary to comply with the notices provided for in this clause.  THE CLIENT is guarantor against THE BANK of the legitimacy of the checks deposited in the account for collection and, consequently, guarantees to THE BANK that THE CLIENT has a good title on them; That the said checks have not been altered, that the persons who have turned them, endorsed or endorsed had the power to do so and that their signatures are authentic.  THE CUSTOMER acknowledges that, in this and other banking places, THE BANK, acting as a collection agent for THE CLIENT, will have to guarantee the authenticity of the endorsements that appear in the checks in question in order to demand or receive the payment Consequently, THE CUSTOMER, at his own risk, authorizes THE BANK to give such guarantee, pledging THE CLIENT to reimburse the BANK any sum that he has to pay to third parties for the reason of granting the said warranty.  In the process of collecting the checks drawn against other banks established in this place, THE BANK will be limited to presenting them to the collection through the clearing house that wor...
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Related to FIXED-TERM DEPOSIT REGULATIONS

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  • RULES & REGULATIONS The Exhibitor must comply with the requirements of all Authorities and where applicable with all rules and regulations issued by the owner of the Venue in force at the time of the Exhibition. The Exhibitor undertakes to comply with the obligations and duties contained or referred to in the Contract including (without limitation) those contained or to be contained in the Exhibitors’ Manual. Exemptions from any of these obligations and duties may be granted at the Organisers’ discretion. No exemption given by the Organisers will be effective unless in writing. The Contract comprises these Terms and Conditions, the Exhibition Space Contract and the Exhibitors’ Manual) except as varied in writing signed by the parties.

  • Applicable Rules and Regulations The Account and each transaction therein shall be subject to the terms of this Agreement and to (a) all applicable laws and the regulations, rules and orders (collectively "regulations") of all regulatory and self-regulatory organizations having jurisdiction and (b) the constitution, by-laws, rules, regulations, orders, resolutions, interpretations and customs and usages (collectively "rules") of the market and any associated clearing organization (each an "exchange") on or subject to the rules of which such transaction is executed and/or cleared. The reference in the preceding sentence to exchange rules is solely for DWR's protection and DWR's failure to comply therewith shall not constitute a breach of this Agreement or relieve Customer of any obligation or responsibility under this Agreement. DWR shall not be liable to Customer as a result of any action by DWR, its officers, directors, employees or agents to comply with any rule or regulation.

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