Safe Deposit Box Sample Clauses
The Safe Deposit Box clause outlines the terms and conditions under which a tenant or customer may use a safe deposit box provided by a bank or other institution. Typically, it specifies the rights of access, responsibilities for the contents, and any limitations on liability for loss or damage. For example, it may clarify who is authorized to access the box and under what circumstances, as well as the procedures for handling lost keys or unpaid fees. The core function of this clause is to establish clear rules and responsibilities for both parties, thereby minimizing disputes and clarifying liability regarding the use and contents of the safe deposit box.
POPULAR SAMPLE Copied 2 times
Safe Deposit Box. Annual Fee†6 Varies by Size (all items including ACH & Bill Pay) Sweep Transaction Fee (per transfer) $10
1. Consistent with New York law, the fee to be assessed on each abandoned property will equal the costs related to or incurred as a result of the payment or delivery of abandoned property to the state comptroller, including but not limited to the costs incurred to provide written notice to the Account holder.
2. This fee is waived on TRUE
Safe Deposit Box. 3.1 There are a total of 3 keys made for the lock of each Box – you are provided with 2 keys and we maintain the other key. Your Box can only be accessed with the simultaneous operation of one of your keys and our key. We cannot access your Box without your key. You cannot access your Box without our key.
3.2 All keys remain our property.
Safe Deposit Box. ACS must enable the following: If the levy is effective and the garnishee response notes the existence of a safe deposit box, the ACS file workflow must transfer to the Complex Levies workflow process (3.0). If no safe deposit box is indicated, the ACS file workflow must move to
Safe Deposit Box. 10.1. The Client agrees and declares to pay the fee determined by the Bank and announced on the website for the safe deposit box numbered which the
10.2. The Bank shall neither accept any liability for the value and amount of the contents of the safe deposit box, nor shall it be held liable for the consequences of accidents, theft and other force majeure. The provisions of article 10.11 are reserved.
10.3. The Client agrees and declares that he has received
10.4. The Client has to take out the key himself out of the safe deposit box after using it.
10.5. The Client agrees and declares that he shall immediately give back both keys upon expiry of the agreement or termination of the agreement by the Bank against a receipt.
10.6. If the Client loses any one or two of the keys, he has to inform the Bank in writing immediately. Otherwise, the Bank shall not bear any responsibility for the consequences of such an event. If both keys are lost, the Bank causes the lock of the safe deposit box to be broken in the presence of the Client. If only one of the keys has been lost, the lock of the safe deposit box must be replaced, and the box cannot be used with a single key. If for any reason the lock is broken or replaced, the costs of repair shall be borne by the Client. The Client agrees and undertakes to pay the amount required by the bank immediately and in cash.
10.7. The Client shall pay a security deposit to the Bank for lock replacement or repair costs in case of loss of the keys and for other debts of the Client and such security shall be deducted from such costs by the Bank when necessary or set off against the Client's rent and other debts relating to the safe deposit box. Otherwise, the Bank may reject to cause the box to be opened, and apply the provision of article
Safe Deposit Box individual Safe Deposit Box that the client hires in accordance with the Terms and Conditions of the Agreement.
Safe Deposit Box. Coverage M.1. Legal Liability Sums which the Insured becomes legally obligated to pay by reason of liability for loss, damage, or destruction of Money, bonds, drafts, Acceptances, other Certificated Securities, valuable papers, valuable documents, jewelry, silverware, and other customer or member property, while in the customers' or members’ safe deposit boxes in vaults on the premises of the Insured. Such legal liability includes liability for loss arising from relocation of the Insured’s safe deposit boxes between offices of the Insured, or vaults within the same premises of the Insured.
Safe Deposit Box. The Insurer shall not be liable to pay any Loss in connection with any Claim made against any Insured arising from, based upon, or attributable to any safe deposit box operations of the Company.
Safe Deposit Box. If you maintain a safe deposit box, you may want to change the registration to your Trust. Doing so may avoid a probate proceeding following death which would otherwise be required to open the box if no alternate person is named.