GENERAL TERMS FOR THE FOREIGN Sample Clauses

GENERAL TERMS FOR THE FOREIGN. CURRENCY ACCOUNT a. The terms and conditions under this Clause 7.1 is applicable for both Call and Time Deposit Accounts (collectively referred to as "FCA") opened with the Bank. b. You will comply with all the following conditions, overnight limits and regulations which are subject to change by Bank Negara Malaysia from time to time. The Bank may impose any other conditions and/or overnight limits for purpose of controlling and monitoring. c. The Bank may reject or reverse any deposits or proceeds in the absence of clear and specific instructions or which may result in a breach of the aforesaid conditions or overnight limits (including caused by crediting of interest or fluctuations in exchange rate). d. You are required to notify the Bank of the following in the operation of the FCA:- i. of change in the volume of export proceeds in the case of exporters, change in the qualifying conditions that affect the prescribed overnight limits and any breach of the qualifying conditions and/or overnight limits imposed by Bank Negara Malaysia; and ii. prior to the remittance by telegraphic/mail/electronic transfers or otherwise of any proceeds to your FCA. e. Withdrawals from any FCA in a currency other than the currency of that FCA shall be at the conversion rate determined by the Bank. The Bank is under no obligation to accept deposits or allow withdrawals of foreign currency notes. f. The Bank may receive for the credit of the FCA any cheque, draftand telegraphic transfer, negotiable instrument and any monies payable to you PROVIDED THAT the aforesaid instruments are acceptable to the Bank. Proceeds of any Ringgit Malaysia or other foreign currency cheque, draft or negotiable instrument and monies payable to you shall be credited to the FCA at the conversion rate to be determined by the Bank. g. The opening and operation of the FCA is also subject to the banking practices and laws of Malaysia, Foreign Exchange Administration Rules, rules of the Association of Banks in Malaysia and the rules and regulations of other regulatory bodies.
View Source

Related to GENERAL TERMS FOR THE FOREIGN

  • GENERAL TERMS & CONDITIONS 23.1 TRAINING: Service Provider shall train designated Bank officials on the configuration, operation/ functionalities, maintenance, support & administration for software, application architecture and components, installation, troubleshooting processes of the proposed Services as mentioned in this Agreement.

  • General Terms For purposes of this Agreement the following terms shall have the following meanings:

  • Plural Terms All terms defined in this Agreement or any other Credit Document in the singular form shall have comparable meanings when used in the plural form and vice versa.

  • OTHER APPLICABLE TERMS & CONDITIONS 6.1. All registered E-bidders at EHSAN AUCTIONEERS SDN. BHD. website undertake to fully comply with this terms and conditions herein. Further, all successful E-Bidders shall also be bound by the terms and conditions of the Conditions of Sale attached to the Proclamation of Sale. 6.2. The Auctioneer may from time to time add, modify, or delete any terms and conditions herein. 6.3. E-Bidders are responsible to ensure that their internet access is in good condition during the whole process of public auction until conclusion thereof. Unsatisfactory internet access may disrupt any bids made by the E-Bidders. 6.4. The Auctioneer or the EHSAN AUCTIONEERS SDN. BHD. website shall not be liable for any disruptions, delays, failures, errors, omissions, or loss of transmitted information due to the unsatisfactory internet access or any online disruptions that may howsoever occur during the process of public auction at EHSAN AUCTIONEERS SDN. BHD. website. 6.5. EHSAN AUCTIONEERS website is owned and operated by EHSAN AUCTIONEERS SDN. BHD. The E-Bidders agree and accept that EHSAN AUCTIONEERS SDN. BHD. or the Assignee Bank in which EHSAN AUCTIONEERS SDN. BHD. acts for or their Solicitors or any of their respective servants or agents shall not be in any way liable for any claims or loss arising out of the use of the EHSAN AUCTIONEERS SDN. BHD. website.

  • Additional Terms & Conditions Acknowledged and Agreed: