Common use of APPLICATION FOR RENEWAL Clause in Contracts

APPLICATION FOR RENEWAL. To request the renewal of the fixed-time deposit, THE CUSTOMER shall instruct THE BANK in such respect, either by marking that option in the activation form or, at the latest, on the same day that the fixed-time deposit expires, through the delivery of the corresponding renewal request form / addendum, duly completed and signed, or in writing, verbally, via telephone, telegraph, telex, fax, or electronic mail, all of which shall contain the information requested to such effect, provided that THE BANK reserves the right to require confirmation from the CUSTOMER, duly signed. It is also expressly understood that THE BANK is totally exempted of every responsibility for executing renewal instructions given by any of the means mentioned in this clause, whether or not signed. The parties also agree that the interest applicable to the renewed fixed time deposit shall be the interest in force in THE BANK on the date of such renewal. It is also expressly understood that THE BANK reserves the right to approve or reject the renewal application.

APPLICATION FOR RENEWAL. To request the renewal of the fixed-time term deposit, THE CUSTOMER CLIENT shall instruct THE BANK in such respectsense, either by marking that option in on the activation form or, at the latest, on the same day that the fixed-time term deposit expires, through Through the delivery of the corresponding renewal request form / addendum, duly completed and signed, or in writing, verballyverbal, telephone, telegraphic, via telephone, telegraph, telex, via fax, or via electronic mail, all of which shall must contain the information requested to such effectfor Such effects, provided that THE BANK reserves the right to require confirmation from the CUSTOMERCLIENT, duly signed. It is also expressly understood that THE BANK is totally exempted of every Is absolutely exempt from all responsibility for executing renewal instructions given by any of the means mentioned in this clause, whether signed or not signednot. The parties also agree that the interest applicable to the renewed fixed time term deposit shall be the interest in force in on THE BANK on at the date of such renewal. It is also expressly understood that THE BANK reserves the right to approve or reject the renewal application.