Common use of APPROVAL OF BANK DOCUMENTS Clause in Contracts

APPROVAL OF BANK DOCUMENTS. If the Customer has not contested the contents of confirmations, statements of accounts, notes or other statements of the Bank to the Customer within twelve months after such documents can reasonably be deemed to have reached the Customer, the contents of such documents shall be deemed to have been approved by the Customer. If such documents contain any arithmetical errors, the Bank may and shall rectify such errors, even after the expiry of the said twelve months' period.

APPROVAL OF BANK DOCUMENTS. If the Customer has not contested the contents of confirmations, statements of accounts, notes or other statements of the Bank to the Customer within twelve months after such documents can reasonably be deemed to have reached the Customer, the contents of such documents shall be deemed to have been approved by the Customer. If such documents contain any arithmetical errors, the Bank may and shall rectify such errors, even after the expiry of the said twelve months' ’ period.

APPROVAL OF BANK DOCUMENTS. If the Customer has not contested the contents of confirmations, statements of accounts, notes or other statements of the Bank to the Customer within twelve months after such documents can reasonably be deemed to have reached the Customer, the contents of such documents shall be deemed to have been approved by the Customer. If such documents docments contain any arithmetical errors, the Bank may and shall rectify such errors, even after the expiry of the said twelve months' period.

APPROVAL OF BANK DOCUMENTS. If the Customer has not contested the contents of confirmations, statements of accounts, notes or other statements of the Bank to the Customer within twelve months after such documents can reasonably be deemed to have reached the Customer, the contents of such documents shall be deemed to have been approved by the Customer. If such documents docments contain any arithmetical errors, the Bank may and shall rectify such errors, even after the expiry of the said twelve months' period.months'period