Common use of OPENING OF NEW DEPOSITS TO TERM Clause in Contracts

OPENING OF NEW DEPOSITS TO TERM. The parties agree that THE CLIENT may instruct THE BANK to open new time deposits by delivering the activation form, duly completed and signed, provided that new installments that are opened will be subject to all terms and conditions Pursuant to this AGREEMENT ON BANKING PRODUCTS AND SERVICES, except for the particularities of each fixed-term deposit indicated in the corresponding activation forms, in respect of which such new time deposits shall be governed by the agreement in such forms. Activation, provided that such activation forms are duly approved by THE BANK.

Appears in 2 contracts

Sources: Banking Products and Services Agreement, Banking Products and Services Agreement