Common use of Adjustment and announcement of withdrawal Clause in Contracts

Adjustment and announcement of withdrawal. and transfer limits) I. The amounts and number of times specified in the preceding three articles are subject to change by the Bank according to actual requirements. Unless otherwise stipulated by laws or regulations promulgated by the competent authority, the Bank shall announce the changes in a prominent manner at business locations and on the Bank's website 30 days prior to the changes. II. The Principal agrees that, when making fund transfers using one of the Bank's ATMs or one that is owned by another participant of the interbank financial network, the number of accounts that the Principal may transfer to/from shall comply with the Bank's policies. Once the Principal has reached the daily maximum limit on non-designated account transfers using an ATM/WebATM/MOD, any further fund transfers for the day shall be limited only to designated accounts. III. Functionalities of the IC ATM card and any terms of usage such as currency, amount, frequency, fees etc shall be determined by the Bank. In addition to Paragraph 1, the Bank may also adjust these details at any time deemed necessary, and publish them in a visible manner at its place of business. The Principal agrees to use the IC ATM card according to the new rules from the day the adjustment is made.

Appears in 10 contracts

Samples: General Agreement for Account Opening, General Agreement for Account Opening, General Agreement for Account Opening

AutoNDA by SimpleDocs

Adjustment and announcement of withdrawal. and transfer limits) I. The amounts and number of times specified in the preceding three articles are subject to change by the Bank according to actual requirements. Unless otherwise stipulated by laws or regulations promulgated by the competent authority, the Bank shall announce annou nce the changes in a prominent manner at business locations and on the Bank's website 30 days prior to the changes. II. The Principal agrees that, when making fund transfers using one of the Bank's ATMs or one that is owned by another participant participan t of the interbank financial network, the number of accounts that the Principal may transfer to/from shall comply with the Bank's policies. Once the Principal has reached the daily maximum limit on non-designated account transfers using an ATM/WebATM/MOD, any further fund transfers for the day shall be limited only to designated accounts. III. Functionalities of the IC ATM card and any terms of usage such as currency, amount, frequency, fees etc shall be determined by the Bank. In addition to Paragraph 1, the Bank may also adjust these details at any time deemed necessary, and publish them in a visible manner at its place of business. The Principal agrees to use the IC ATM card according to the new rules from the day the adjustment is made.

Appears in 1 contract

Samples: General Agreement for Account Opening

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!