Common use of Tariff of Charges Clause in Contracts

Tariff of Charges. a) The Bank is entitled to be paid by the Customer and may debit the Account with the following: i. All initial set up fees and/or monthly subscription fees for any services provided in addition to transaction charges as advised by the Bank from time to time. The Bank may in its sole discretion revise these charges and fees and may also in its sole discretion waive the initial set up fees and/or the monthly subscription fees or a portion thereof; ii. All expenses incurred by the Bank in acting upon the instructions of and for the benefit of the Customer; iii. Any tax chargeable upon any sums payable and any other charges or duties levied on the Customer or the Bank by any governmental or statutory body relating to the provision of any service provided by the Bank; iv. Any Interest (including Default Interest, if any) on any Account which is overdrawn or in excess of the Bank's approved limit, on any loan or credit facility granted by the Bank to the Customer from time to time, at a per annum rate to be determined by the Bank in its own discretion in accordance with the Bank's usual mode for determining the Interest. Such Interest and Default Interest (if any) shall be calculated on daily balances and charged to the Account in accordance with the Bank's usual practice; v. Any legal and/or professional fees and all other fees, costs and expenses incurred by the Bank in obtaining any legal, professional and/or other technical advice in connection with the Account or in connection with the investigation, review of any information provided by the Customer or in the preparation, negotiation and perfection of any documents relating to any of the Customer's credit facilities and/ or any other dealings with the Bank and/or on the advise of its legal advisers to compromise or settle any claim arising out of the actions of the Agent and/or the appointed Attorney and/or the Authorized Signatory in relation to the operation of the Account;

Tariff of Charges. a) The Bank is entitled to be paid by the Customer and may debit the Account with the following: i. All initial set up fees and/or monthly subscription fees for any services provided in addition to transaction charges as advised by the Bank from time to time. The Bank may in its sole discretion revise these charges and fees and may also in its sole discretion waive the initial set up fees and/or the monthly subscription fees or a portion thereof; ii. All expenses incurred by the Bank in acting upon the instructions of and for the benefit of the Customer; iii. Any tax chargeable upon any sums payable and any other charges or duties levied on the Customer or the Bank by any governmental or statutory body relating to the provision of any service provided by the Bank; iv. Any Interest (including Default Interest, if any) on any Account which is overdrawn or in excess of the Bank's approved limit, on any loan or credit facility granted by the Bank to the Customer from time to time, at a per annum rate to be determined by the Bank in its own discretion in accordance with the Bank's usual mode for determining the Interest. Such Interest and Default Interest (if any) shall be calculated on daily balances and charged to the Account in accordance with the Bank's usual practice; v. Any legal and/or professional fees and all other fees, costs and expenses incurred by the Bank in obtaining any legal, professional and/or other technical advice in connection with the Account or in connection with the investigation, review of any information provided by the Customer or in the preparation, negotiation and perfection of any documents relating to any of the Customer's credit facilities and/ or and/or any other dealings with the Bank and/or on the advise of its legal advisers to compromise or settle any claim arising out of the actions of the Agent and/or the appointed Attorney and/or the Authorized Signatory in relation to the operation of the Account; vi. All processing, agency, commitment or arrangement fees or commission or any other charges at such rates, at such times and in such manner as the Bank may in its sole discretion determine from time to time in accordance with the Bank's Tariff(s). b) The Customer shall indemnify the Bank forthwith upon demand for any of the costs incurred by the Bank in taking any steps to obtain repayment of the Account; c) The Bank's right to receive any payment from the Customer shall not be affected by any dispute between the Customer and any third party; d) The Customer hereby acknowledges and agrees that the Default Interest payable by the Customer (if any) to the Bank represent a reasonable pre-estimate of the loss to be suffered by the Bank in funding the default of the Customer.