Common use of Account opening and operation Clause in Contracts

Account opening and operation. 2.1 At the opening of the Account and at any time during the lifetime of an Account, you must provide us with any documentation and information we request from time to time and in any form or manner. This information must be accurate and complete. 2.2 We require information to: (a) enable us to set up and maintain your Account, and (b) in order for us to undertake any action required for you, us and any other member of the Rabobank Group to comply with all laws, rules, codes, regulations and other legal requirements in force from time to time in New Zealand and in any jurisdiction worldwide including, without limitation, tax compliance and anti-money laundering and countering terrorism legislation and sanctions regulations (“Applicable Laws”). 2.3 You acknowledge that this documentation and information may be disclosed to any other person or body: (a) to enable it to be reported and used in compliance with the relevant Applicable Laws; and (b) in accordance with our Privacy Statement published on the website from time to time. 2.4 If at any time it becomes unlawful for us to comply with our legal obligations in relation to your Account (including as a result of you becoming subject to any international financial or economic sanction), we will have no liability for failing to comply with any such obligation and will not be liable for any losses which you may incur as aresult. 2.5 You must operate the Account in accordance with the Contract and Applicable Laws. We may amend, adjust, suspend, cancel or reverse any payment instruction which is not made to us in accordance with the Contract and the ApplicableLaws. 2.6 You are responsible for the conduct of any person authorised to operate the Account, including for any debts they might incur. If you wish to revoke their authority to operate the Account, you must tell us in writing. 2.7 We may require you to satisfy us of your identity under Applicable Laws. 2.8 We may refuse to act on any instructions which we consider may be invalid or where we otherwise consider we have good reason to refuse. 2.9 We may refuse, block or delay payments to or from your account, where we consider the payment may involve fraud, money laundering or other criminal activity. 2.10 We may act on telephone, e-mail or facsimile instructions. 2.11 We are not liable to you or anyone else for any loss or damage that you or anyone else suffers as a result of our refusal to authorise any transaction where we have the right to so refuse. 2.12 The Account must not be in debit or over any loan limit at any time without our prior agreement. 2.13 We may provide you with a statement of the amount you owe us on the Account, or anything else about the Account. We will take all reasonable steps to ensure the information provided in the statement is correct, and we consider the statement evidence of activity on the Account, including amounts owed. We will not be liable for or in connection with any inaccuracy, errors or omissions in that information. You must contact us as soon as possible if you believe anything shown in the statement is incorrect. 2.14 We may monitor and/or record telephone conversations for verification purposes, and retain any such recordings. 2.15 You must indemnify us against any loss, cost, expense or damage we suffer in connection with the operation of the Account, or any conduct we undertake in good faith relating to the Account. We may debit to the Account any amount you owe us under this indemnity. 2.16 Payments into the Account must be made in a manner acceptable to us. 2.17 Unless you instruct us otherwise in writing (or we are notified by Court Order), you are solely entitled to all funds in the Account and no-one else has any interest in them. 2.18 We need not comply with any instruction to apply any deposit for a specific purpose or subject to any specific condition, and are not liable for not doing so. 2.19 Unless we agree in writing otherwise, you warrant that the Account is wholly or predominantly for business and not personal use. 2.20 If a transaction or instruction from you or us falls outside business hours, after processing times, or on a non- Business Day, we may process the transaction or instruction on the preceding or following Business Day. For the purposes of these General Terms and Conditions, “Business Day” means any day other than a Saturday, Sunday or a nationwide New Zealand public holiday. 2.21 We may refuse to accept, or make, payments in cash. 2.22 We may accept, act and rely on any copy of a document received from you, including by electronic means (including e-mail) as if we had received the original of the document.

Account opening and operation. 2.1 At the opening of the Account and at any time during the lifetime of an Account, you must provide us with any documentation and information we request from time to time and in any form or manner. This information must be accurate and complete. 2.2 We require information to: (a) enable us to set up and maintain your Account, and (b) in order for us to undertake any action required for you, us and any other member of the Rabobank Group to comply with all laws, rules, codes, regulations and other legal requirements in force from time to time in New Zealand and in any jurisdiction worldwide including, without limitation, tax compliance and anti-money laundering and countering terrorism legislation and sanctions regulations (“Applicable Laws”). 2.3 You acknowledge that this documentation and information may be disclosed to any other person or body: (a) to enable it to be reported and used in compliance with the relevant Applicable Laws; and (b) in accordance with our Privacy Statement published on the website from time to time. 2.4 If at any time it becomes unlawful for us to comply with our legal obligations in relation to your Account (including as a result of you becoming subject to any international financial or economic sanction), we will have no liability for failing to comply with any such obligation and will not be liable for any losses which you may incur as aresult. 2.5 You must operate the Account in accordance with the Contract and Applicable Laws. We may amend, adjust, suspend, cancel or reverse any payment instruction which is not made to us in accordance with the Contract and the ApplicableLaws. 2.6 You are responsible for the conduct of any person authorised to operate the Account, including for any debts they might incur. If you wish to revoke their authority to operate the Account, you must tell us in writing. 2.7 We may require you to satisfy us of your identity under Applicable Laws. 2.8 We may refuse to act on any instructions which we consider may be invalid or where we otherwise consider we have good reason to refuse. 2.9 We may refuse, block or delay payments to or from your account, where we consider the payment may involve fraud, money laundering or other criminal activity. 2.10 . We may act on telephone, e-mail or facsimile instructions. 2.11 2.9 We are not liable to you or anyone else for any loss or damage that you or anyone else suffers as a result of our refusal to authorise any transaction where we have the right to so refuse. 2.12 2.10 The Account must not be in debit or over any loan limit at any time without our prior agreement. 2.13 2.11 We may provide you with a statement of the amount you owe us on the Account, or anything else about the Account. We will take all reasonable steps to ensure the information provided in the statement is correct, and we consider the statement evidence of activity on the Account, including amounts owed. We will not be liable for or in connection with any inaccuracy, errors or omissions in that information. You must contact us as soon as possible if you believe anything shown in the statement is incorrect. 2.14 2.12 We may monitor and/or record telephone conversations for verification purposes, and retain any such recordings. 2.15 2.13 You must indemnify us against any loss, cost, expense or damage we suffer in connection with the operation of the Account, or any conduct we undertake in good faith relating to the Account. We may debit to the Account any amount you owe us under this indemnity. 2.16 2.14 Payments into the Account must be made in a manner acceptable to us. 2.17 2.15 Unless you instruct us otherwise in writing (or we are notified by Court Order), you are solely entitled to all funds in the Account and no-one else has any interest in them. 2.18 2.16 We need not comply with any instruction to apply any deposit for a specific purpose or subject to any specific condition, and are not liable for not doing so. 2.19 2.17 Unless we agree in writing otherwise, you warrant that the Account is wholly or predominantly for business and not personal use. 2.20 2.18 If a transaction or instruction from you or us falls outside business hours, after processing times, or on a non- non-Business Day, we may process the transaction or instruction on the preceding or following Business Day. For the purposes of these General Terms and Conditions, “Business Day” means any day other than a Saturday, Sunday or a nationwide New Zealand public holiday. 2.21 2.19 We may refuse to accept, or make, payments in cash. 2.22 2.20 We may accept, act and rely on any copy of a document received from you, including by electronic means (including e-mail) as if we had received the original of the document.

Account opening and operation. 2.1 At the opening of the Account and at any time during the lifetime of an Account, you must provide us with any documentation and information we request from time to time and in any form or manner. This information must be accurate and complete. 2.2 We require information to: (a) enable us to set up and maintain your Account, and (b) in order for us to undertake any action required for you, us and any other member of the Rabobank Group to comply with all laws, rules, codes, regulations and other legal requirements in force from time to time in New Zealand and in any jurisdiction worldwide including, without limitation, tax compliance and anti-money laundering and countering terrorism legislation and sanctions regulations (“Applicable Laws”). 2.3 You acknowledge that this documentation and information may be disclosed to any other person or body: (a) to enable it to be reported and used in compliance with the relevant Applicable Laws; and (b) in accordance with our Privacy Statement published on the website from time to time. 2.4 If at any time it becomes unlawful for us to comply with our legal obligations in relation to your Account (including as a result of you becoming subject to any international financial or economic sanction), we will have no liability for failing to comply with any such obligation and will not be liable for any losses which you may incur as aresult. 2.5 You must operate the Account in accordance with the Contract and Applicable Laws. We may amend, adjust, suspend, cancel or reverse any payment instruction which is not made to us in accordance with the Contract and the ApplicableLaws. 2.6 You are responsible for the conduct of any person authorised to operate the Account, including for any debts they might incur. If you wish to revoke their authority to operate the Account, you must tell us in writing. 2.7 We may require you to satisfy us of your identity under Applicable Laws. 2.8 We may refuse to act on any instructions which we consider may be invalid or where we otherwise consider we have good reason to refuse. 2.9 We may act on telephone, e-mail or facsimile instructions.We may refuse, block or delay payments to or from your account, where we consider the payment may involve fraud, money laundering or other criminal activity. 2.10 We may act on telephone, e-mail or facsimile instructions. 2.11 We are not liable to you or anyone else for any loss or damage that you or anyone else suffers as a result of our refusal to authorise any transaction where we have the right to so refuse. 2.12 The Account must not be in debit or over any loan limit at any time without our prior agreement. 2.13 We may provide you with a statement of the amount you owe us on the Account, or anything else about the Account. We will take all reasonable steps to ensure the information provided in the statement is correct, and we consider the statement evidence of activity on the Account, including amounts owed. We will not be liable for or in connection with any inaccuracy, errors or omissions in that information. You must contact us as soon as possible if you believe anything shown in the statement is incorrect. 2.14 We may monitor and/or record telephone conversations for verification purposes, and retain any such recordings. 2.15 You must indemnify us against any loss, cost, expense or damage we suffer in connection with the operation of the Account, or any conduct we undertake in good faith relating to the Account. We may debit to the Account any amount you owe us under this indemnity. 2.16 Payments into the Account must be made in a manner acceptable to us. 2.17 Unless you instruct us otherwise in writing (or we are notified by Court Order), you are solely entitled to all funds in the Account and no-one else has any interest in them. 2.18 We need not comply with any instruction to apply any deposit for a specific purpose or subject to any specific condition, and are not liable for not doing so. 2.19 Unless we agree in writing otherwise, you warrant that the Account is wholly or predominantly for business and not personal use. 2.20 If a transaction or instruction from you or us falls outside business hours, after processing times, or on a non- Business Day, we may process the transaction or instruction on the preceding or following Business Day. For the purposes of these General Terms and Conditions, “Business Day” means any day other than a Saturday, Sunday or a nationwide New Zealand public holiday. 2.21 We may refuse to accept, or make, payments in cash. 2.22 We may accept, act and rely on any copy of a document received from you, including by electronic means (including e-mail) as if we had received the original of the document.

Account opening and operation. 2.1 At the opening of the Account and at any time during the lifetime of an Account, you must provide us with any documentation and information we request from time to time and in any form or manner. This information must be accurate and complete. 2.2 We require information to: (a) enable us to set up and maintain your Account, and (b) in order for us to undertake any action required for you, us and any other member of the Rabobank Group group to comply with all laws, rules, codes, regulations and other legal requirements in force from time to time in New Zealand and in any jurisdiction worldwide including, without limitation, tax compliance and anti-money laundering and countering terrorism legislation and sanctions regulations (“Applicable Laws”). 2.3 . You acknowledge that this also agree to such documentation and information may be provided to us being disclosed to any other person or body: (a) body to enable it to be reported and used in compliance with the relevant Applicable Laws; and (b) in accordance with our Privacy Statement published on the website from time to time. 2.4 2.2 If at any time it becomes unlawful for us to comply with our legal obligations in relation to your Account (including as a result of you becoming subject to any international financial or economic sanction), we will have no liability for failing to comply with any such obligation and will not be liable for any losses which you may incur as aresult. 2.5 2.3 You must operate the Account in accordance with the Contract and Applicable Laws. We may amend, adjust, suspend, cancel or reverse any payment instruction which is not made to us in accordance with the Contract and the ApplicableLaws. 2.6 2.4 You are responsible for the conduct of any person authorised to operate the Account, including for any debts they might incur. If you wish to revoke their authority to operate the Account, you must tell us in writinginwriting. 2.7 2.5 We may require you to satisfy us of your identity under Applicable Laws. 2.8 2.6 We may refuse to act on any instructions which we consider may be invalid or where we otherwise consider we have good reason to refuse. 2.9 We may refuse, block or delay payments to or from your account, where we consider the payment may involve fraud, money laundering or other criminal activity. 2.10 . We may act on telephone, e-mail or facsimile instructionsinstructions where it is reasonable for us to think that the instruction is sent by you (even if it is not). 2.11 2.7 We are not liable to you or anyone else for any loss or damage that you or anyone else suffers as a result of our refusal to authorise any transaction where we have the right to so refuse. 2.12 2.8 The Account must not be in debit or over any loan limit at any time without our prior agreement. 2.13 2.9 We may provide you with a statement of the amount you owe us on the Account, or anything else about the Account. We will take all reasonable steps to ensure the information provided in the The statement is correctsufficient to prove those things, and we consider the statement evidence of activity on the Account, including amounts owed. We will not be liable for or in connection with any inaccuracy, errors or omissions in unless you prove that information. You must contact us as soon as possible if you believe anything shown in the statement is incorrect. 2.14 2.10 We may monitor and/or record telephone conversations for verification purposes, and retain any such recordingssuchrecordings. 2.15 2.11 You must indemnify us against any loss, cost, expense or damage we suffer in connection with the operation of the Account, or any conduct we undertake in good faith relating to the Account. We may debit to the Account any amount you owe us under this indemnity. 2.16 2.12 Payments into the Account must be made in a manner acceptable to us. 2.17 2.13 Unless you instruct us otherwise in writing (or we are notified by Court Order)writing, you are solely entitled to all funds in the Account and no-one else has any interest in them. 2.18 2.14 We need not comply with any instruction to apply any deposit for a specific purpose or subject to any specific condition, and are not liable for not doing so. 2.19 2.15 Unless we agree in writing otherwise, you warrant that the Account is wholly or predominantly for business and not personal use. 2.20 2.16 If a transaction or instruction from you or us falls outside business hours, after processing times, or on a non- Business Daynon-business day, we may process the transaction or instruction on the preceding or following Business Day. For the purposes of these General Terms and Conditions, “Business Day” means any day other than a Saturday, Sunday or a nationwide New Zealand public holidaybusiness day. 2.21 2.17 We may refuse to accept, or make, payments in cash. 2.22 2.18 We may accept, act and rely on any copy of a document received from you, including by electronic means (including e-mail) mail or facsimile, as if we had received the original of the document.