Common use of Right to Withdraw from Contract/Agreement Clause in Contracts

Right to Withdraw from Contract/Agreement. 8.1. The Company may exercise the Right to Withdraw from Contract/Agreement without providing any justification within 14 (fourteen) calendar days of executing/delivering this Agreement. 8.2. To exercise the Right to Withdraw, the Company must apply to the Bank with a relevant application/ notification, which must necessarily indicate the Agreement, in regard to which the Company intends to exercise its Right to Withdraw. The Company can submit the application/notification in a physical form (in writing, in any TBC Bank branch/service center) as well as remotely (via the Bank’s remote service channels: the Call Center (+▇▇▇▇▇ ▇ ▇▇▇▇▇▇), internet bank, mobile bank). 8.3. If the Company exercises the Right to Withdraw from Contract/Agreement, the Bank is entitled to impose on the Company, and if so, the Company must pay, service cost(s) / any service charges the Bank has actually taken before the Company’s exercise of the Right to Withdraw (except for the payments to a third-party recipient (an administrative body, notary public, etc.)), prorated for the period during which the Service was provided. 8.4. The Company shall return to the Bank the funds/asset(s) on which it has been granted the right to use/ownership under the Remote Banking Product/Service Agreement within 30 (thirty) calendar days of submitting its withdrawal application/notification.