GENERAL TERMS AND CONDITIONS OF THE BANKING SERVICE. The Banking Service on accrual of interest on the Current Account Balance shall be provided by the Bank on the basis of: (i) the Application for Interest on the Balance concluded by the Parties, or (ii) the Bank's notice of accrual of interest on the balance of funds and setting the interest rate (hereinafter referred to as the "Notice of Interest Accrual") sent by the Bank and agreed by the Client in accordance with the procedure provided for in this Agreement. The Bank on the basis of and in accordance with the terms of the Statement on the conditions for charging interest on the balance of funds/the Notice of Interest Accrual and considering clauses 5.4.4 of this Agreement in accordance with the procedure provided for in this clause 5.4 of the Agreement, charges interest on the Balance of Funds on the Current Account (taking into account the Valuation Date) and pays the accrued interest to the Client.
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Sources: Agreement on the Provision of Payment and Other Services to Corporate Clients, Agreement on the Provision of Payment and Other Services to Corporate Clients, Agreement on the Provision of Payment and Other Services to Corporate Clients