Common use of Cancellation, Refund, etc Clause in Contracts

Cancellation, Refund, etc. (1) If it is deemed impossible to provide the Service due to a significant fluctuation of the exchange rate of some foreign currency, Travelex’s discontinuing delivering Foreign Currency Cash or receiving an administrative penalty concerning such delivery operations, or any other unavoidable grounds, the Bank shall not provide the Service even after it accepts customers’ application for the Service. In such a case, the Bank itself or Travelex shall, through the Bank-prescribed method, notify the customers to that effect. If there is cover for the foreign currency, a handling charge or shipping charge which has already been withdrawn as set forth in Paragraph 2 of Article 3 and Paragraph 2 of Article 4, the Bank shall return it to the customer’s PowerFlex Account. (In this case, no interest shall be charged on such returned funds.) In such a case, the Bank may return such funds without notifying the relevant customer if it cannot contact the customer for a considerable period of time.