Common use of BLOCKING OF THE CARD Clause in Contracts

BLOCKING OF THE CARD. (a) The Bank has the right to immediately block the use of any Card and/or additional Card, where applicable, or refuse to reissue or renew or replace the Card and/or any additional Card, where applicable, for objectively justified reasons relating to the security of the Card, the suspicion or risk of fraudulent or (b) In such cases, the Bank shall inform, in accordance with paragraph 15 the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder of its decision and the reasons behind it, before or immediately after the blocking of the Card and/or any additional Card, where applicable, unless this is prohibited under European or National Legislation or such information would compromise objectively justified security reasons. (c) The Bank shall unblock the Card and/or any additional Card or replace it with a new one once the reasons for blocking no longer exist. (d) The Bank has the right to block the use of any Card and/or Card Account and/or refuse to renew or replace the Card where the holder of the Card Account, and/or the Cardholder and/or the Authorized Cardholder and/or any of their related persons, is/are subject to sanctions and/or restrictive measures and/or prohibitions imposed by the authorities of the European Union (EU) and/or the United Nations (UN) and/or the United States of America (US) and/or the United Kingdom (UK): i. In case sanctions and/or restrictive measures and/or prohibitions are imposed by the authorities of the EU and/or the UN on the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder and/or any of their related persons, the Card and/or the Card Account will remain blocked until the sanctions and/or restrictive measures and/or prohibitions are lifted. ii. In case sanctions and/or restrictive measures and/or prohibitions are imposed by the authorities of the US and/or the UK on the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder and/or any of their related persons, the Bank shall, after evaluating the risk associated with each case, either maintain the Card and/or the Card Account blocked until the sanctions and/or restrictive measures and/or prohibitions are lifted, or proceed with the termination of the Agreement and closing of the Card Account (as per paragraph 11 of the Agreement) and the termination of the business relationship with the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder. (e) In case sanctions and/or restrictive measures and/or prohibitions are imposed by the authorities of any other third country on the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder and/or any of their related persons, the Bank, after proceeding with taking due diligence measures and evaluating the account data/information of the person with respect to whom/which the sanctions and/or restrictive measures and/or prohibitions are imposed in correlation to the content of the sanctions and/or restrictive measures and/or prohibitions as well as the risk associated with each case, may proceed with any actions including the blocking of any Card and/or Card Account and/or refusal to renew or replace the Card and/or termination of the Agreement and closing of the Card Account (as per paragraph 11 of the Agreement) and/or the termination of the business relationship with the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder. (f) For the purposes of the sub-paragraphs (d) and (e) of this paragraph, “related persons” means any first degree relatives (spouse, children, parents) of the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder or a legal entity in which the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder has a majority shareholding and/or controlling interest.

BLOCKING OF THE CARD. (a) The Bank has the right to immediately block the use of any Card and/or additional Card, where applicable, or refuse to reissue or renew or replace the Card and/or any additional Card, where applicable, for objectively justified reasons relating to the security of the Card, the suspicion or risk of fraudulent oror unauthorized use of the Card, and/or the PIN and/or the personalized security credentials or relating to suspicious Transactions or the significantly increased risk of inability of the holder of the Card Account to fulfill his liability to pay and/or settle any debit balance according to paragraph 5(d). (b) In such cases, the Bank shall inform, in accordance with paragraph 15 14 the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder of its decision and the reasons behind it, before or immediately after the blocking of the Card and/or any additional Card, where applicable, unless this is prohibited under the laws of the Republic of Cyprus or of the European or National Legislation Union or such information would compromise objectively justified security reasons. (c) The Bank shall unblock the Card and/or any additional Card or replace it with a new one once the reasons for blocking no longer exist. (d) The Bank has the right to block the use of any Card and/or Card Account and/or refuse to renew or replace the Card where the holder of the Card Account, and/or the Cardholder and/or the Authorized Cardholder and/or any of their related persons, is/are subject to sanctions and/or restrictive measures and/or prohibitions imposed by the authorities of the European Union (EU) and/or the United Nations (UN) and/or the United States of America (US) and/or the United Kingdom (UK): i. In case sanctions and/or restrictive measures and/or prohibitions are imposed by the authorities of the EU and/or the UN on the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder and/or any of their related persons, the Card and/or the Card Account will remain blocked until the sanctions and/or restrictive measures and/or prohibitions are lifted. ii. In case sanctions and/or restrictive measures and/or prohibitions are imposed by the authorities of the US and/or the UK on the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder and/or any of their related persons, the Bank shall, after evaluating the risk associated with each case, either maintain the Card and/or the Card Account blocked until the sanctions and/or restrictive measures and/or prohibitions are lifted, or proceed with the termination of the Agreement and closing of the Card Account (as per paragraph 11 10 of the Agreement) and the termination of the business relationship with the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder. (e) In case sanctions and/or restrictive measures and/or prohibitions are imposed by the authorities of any other third country on the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder and/or any of their related persons, the Bank, after proceeding with taking due diligence measures and evaluating the account data/information of the person with respect to whom/which the sanctions and/or restrictive measures and/or prohibitions are imposed in correlation to the content of the sanctions and/or restrictive measures and/or prohibitions as well as the risk associated with each case, may proceed with any actions including the blocking of any Card and/or Card Account and/or refusal to renew or replace the Card and/or termination of the Agreement and closing of the Card Account (as per paragraph 11 10 of the Agreement) and/or the termination of the business relationship with the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder. (f) For the purposes of the sub-paragraphs (d) and (e) of this paragraph, “related persons” means any first degree relatives (spouse, children, parents) of the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder or a legal entity in which the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder has a majority shareholding and/or controlling interest.

BLOCKING OF THE CARD. (a) The Bank has the right to immediately block the use of any Card and/or additional Card, where applicable, or refuse to reissue or renew or replace the Card and/or any additional Card, where applicable, for objectively justified reasons relating to the security of the Card, the suspicion or risk of fraudulent oror unauthorized use of the Card, and/or the PIN and/or the (b) In such cases, the Bank shall inform, in accordance with paragraph 15 14 the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder of its decision and the reasons behind it, before or immediately after the blocking of the Card and/or any additional Card, where applicable, unless this is prohibited under the laws of the Republic of Cyprus or of the European or National Legislation Union or such information would compromise objectively justified security reasons. (c) The Bank shall unblock the Card and/or any additional Card or replace it with a new one once the reasons for blocking no longer exist. (d) The Bank has the right to block the use of any Card and/or Card Account and/or refuse to renew or replace the Card where the holder of the Card Account, and/or the Cardholder and/or the Authorized Cardholder and/or any of their related persons, is/are subject to sanctions and/or restrictive measures and/or prohibitions imposed by the authorities of the European Union (EU) and/or the United Nations (UN) and/or the United States of America (US) and/or the United Kingdom (UK): i. In case sanctions and/or restrictive measures and/or prohibitions are imposed by the authorities of the EU and/or the UN on the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder and/or any of their related persons, the Card and/or the Card Account will remain blocked until the sanctions and/or restrictive measures and/or prohibitions are lifted. ii. In case sanctions and/or restrictive measures and/or prohibitions are imposed by the authorities of the US and/or the UK on the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder and/or any of their related persons, the Bank shall, after evaluating the risk associated with each case, either maintain the Card and/or the Card Account blocked until the sanctions and/or restrictive measures and/or prohibitions are lifted, or proceed with the termination of the Agreement and closing of the Card Account (as per paragraph 11 10 of the Agreement) and the termination of the business relationship with the Cardholder and/or the holder of the Card Account and/or the Authorized CardholderAccount. (e) In case sanctions and/or restrictive measures and/or prohibitions are imposed by the authorities of any other third country on the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder and/or any of their related persons, the Bank, after proceeding with taking due diligence measures and evaluating the account data/information of the person with respect to whom/which the sanctions and/or restrictive measures and/or prohibitions are imposed in correlation to the content of the sanctions and/or restrictive measures and/or prohibitions as well as the risk associated with each case, may proceed with any actions including the blocking of any Card and/or Card Account and/or refusal to renew or replace the Card and/or termination of the Agreement and closing of the Card Account (as per paragraph 11 10 of the Agreement) and/or the termination of the business relationship with the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder. (f) For the purposes of the sub-paragraphs (d) and (e) of this paragraph, “related persons” means any first degree relatives (spouse, children, parents) of the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder or a legal entity in which the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder has a majority shareholding and/or controlling interest.

BLOCKING OF THE CARD. (a) The Bank has the right to immediately block the use of any Card and/or additional Card, where applicable, or refuse to reissue or renew or replace the Card and/or any additional Card, where applicable, for objectively justified reasons relating to the security of the Card, the suspicion or risk of fraudulent oror unauthorized use of the Card, and/or the PIN and/or the personalized security credentials or relating to suspicious Transactions or the significantly increased risk of inability of the holder of the Card Account to fulfill his liability to pay and/or settle any debit balance according to paragraph 5(d). (b) In such cases, the Bank shall inform, in accordance with paragraph 15 14 the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder of its decision and the reasons behind it, before or immediately after the blocking of the Card and/or any additional Card, where applicable, unless this is prohibited under the laws of the Republic of Cyprus or of the European or National Legislation Union or such information would compromise objectively justified security reasons. (c) The Bank shall unblock the Card and/or any additional Card or replace it with a new one once the reasons for blocking no longer exist. (d) The Bank has the right to block the use of any Card and/or Card Account and/or refuse to renew or replace the Card where the holder of the Card Account, and/or the Cardholder and/or the Authorized Cardholder and/or any of their related persons, is/are subject to sanctions and/or restrictive measures and/or prohibitions imposed by the authorities of the European Union (EU) and/or the United Nations (UN) and/or the United States of America (US) and/or the United Kingdom (UK): i. In case sanctions and/or restrictive measures and/or prohibitions are imposed by the authorities of the EU and/or the UN on the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder and/or any of their related persons, the Card and/or the Card Account will remain blocked until the sanctions and/or restrictive measures and/or prohibitions are lifted. ii. In case sanctions and/or restrictive measures and/or prohibitions are imposed by the authorities of the US and/or the UK on the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder and/or any of their related persons, the Bank shall, after evaluating the risk associated with each case, either maintain the Card and/or the Card Account blocked until the sanctions and/or restrictive measures and/or prohibitions are lifted, or proceed with the termination of the Agreement and closing of the Card Account (as per paragraph 11 10 of the Agreement) and the termination of the business relationship with the Cardholder and/or the holder of the Card Account and/or the Authorized CardholderAccount. (e) In case sanctions and/or restrictive measures and/or prohibitions are imposed by the authorities of any other third country on the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder and/or any of their related persons, the Bank, after proceeding with taking due diligence measures and evaluating the account data/information of the person with respect to whom/which the sanctions and/or restrictive measures and/or prohibitions are imposed in correlation to the content of the sanctions and/or restrictive measures and/or prohibitions as well as the risk associated with each case, may proceed with any actions including the blocking of any Card and/or Card Account and/or refusal to renew or replace the Card and/or termination of the Agreement and closing of the Card Account (as per paragraph 11 10 of the Agreement) and/or the termination of the business relationship with the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder. (f) For the purposes of the sub-paragraphs (d) and (e) of this paragraph, “related persons” means any first degree relatives (spouse, children, parents) of the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder or a legal entity in which the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder has a majority shareholding and/or controlling interest.