Common use of to read as follows Clause in Contracts

to read as follows. When the limit is overdrawn (“overdraft” – the Customer’s/Cardholder’s use of funds in excess of the limit agreed between the Bank and the Customer/Cardholder), including when the automatic overdraft stipulated herein and/or an unauthorized overdraft occurs, the Bank will notify the Customer/Cardholder thereof via an SMS text. The Bank will not be responsible for the Customer’s/Cardholder’s failure to receive information sent/to be sent by the Bank to the Customer/Cardholder or for any consequence(s) of third party access to the information if information delivery is prevented by the fault of the Customer/Cardholder and/or the Customer/Cardholder has changed his/her contact information/data (mobile number, address, email, etc.) and has not reported it to the Bank.

Appears in 2 contracts

Sources: Agreement on Banking Transactions for Individuals, Agreement on Banking Transactions for Legal Persons