Bank disclaimer Sample Clauses

Bank disclaimer. Where the Bank or the Applicant fails to perform obligations arising from the Agreement or fail to perform them on time, consequently causing damages to the other party, the party at fault shall be held liable for any damages arising thereof. However, this shall not apply in the case of force majeure. Force majeure events refer to natural disasters, strikes, shutdowns, limitations imposed by government regulations, or any other events beyond the Bank's control. The Bank is not responsible for processing information which is sent without following the required procedures. Moreover, the Bank is not liable for any errors, omissions, or repeated submission of information caused by the Applicant. The Bank shall consider any applicable laws, regulations, templates, guidelines, notices, codes of conduct and common market practices, take reasonable and viable steps to ensure that sufficient security facilities are set up for the internet banking service related systems, and monitor relevant risks during system operation. The Bank or any information provider does not guarantee or warrant that the internet banking services, information and reports are free from viruses or other issues that may damage the Applicant's hardware, software or equipment. Unless otherwise that the damages caused by the Bank's, its responsible person's or employees' severe negligence or intentional violations (Even in this case, relevant compensation is limited to the direct and reasonably expected damages purely and directly arising thereof, if any, or the related transaction amount, whichever is lower.) , the Bank shall not be held liable to the Applicant or any other party for the consequences arising from or related to the following:

Bank disclaimer. The Bank will not be held liable for any consequences arising from any of the following: non-compliance by the Customer (or an Authorized Signatory or an agent of the Customer) of the rules of use of the Distance Bank provided for in these Terms and Conditions; and or disclosure by the Customer (or an Authorized Signatory or Agent of the Customer) to a third party of its codes and passwords, regardless of the cause (for example, accidental or negligent cause, fraud, improper use, hacking or other); and or improper use and / or non-compliance with the retention conditions (loss, theft, etc.) by the Customer (or an Authorized Signatory or a Client representative) of his various codes and passwords; and or communication by the Customer (or an Authorized Signatory or an agent of the Customer) of inaccurate, partial or misleading information or the issuance of false or erroneous statements; and or failure in the operation of the Customer's equipment (or an Authorized Signatory or Customer's agent) and / or telecommunications networks and / or any error attributable to the managers of such networks and / or a virus or malfunction affecting the equipment or the Customer's communications (or an Authorized Signatory or an agent of the Customer); and or suspension or delay in execution of an order where such suspension or delay is not attributable to the Bank; and or case of force majeure or made by a third-party making access to the Bank at a distance impossible. If the Remote Bank is made temporarily unavailable for technical reasons, the Bank informs the Customer, by any means, and as soon as possible. The Bank is not involved in any dispute that may arise between the Customer and the supplier of computer or internet access equipment, or which is related to the use of fixed or wireless telecommunications networks. The Customer assumes full responsibility for its decision to use one or more Authorized Signer (s) and transactions that may be carried out by them; the Bank incurs no liability in this regard. The Customer makes sure that his Authorized Signatories respect the stipulations of the Agreement, which he will specifically bring to their attention, and is fully liable for any violation of the said stipulations by any Authorized Signatory.