Common use of Bank disclaimer Clause in Contracts

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. 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: