Common use of CAPITALIZATION AND PAYMENT OF INTEREST Clause in Contracts

CAPITALIZATION AND PAYMENT OF INTEREST. The interests of the fixed-time deposit may be capitalized only at maturity and only at the discretion of THE BANK. The capitalization and payment of interest shall be governed by what THE CUSTOMER has stipulated in the instructions given at the time of opening or renewal of the fixed time deposit, as the case may be, provided that such instructions are given in clear and precise manner and in the form required and accepted by THE BANK and that, otherwise, THE BANK shall act as it deems most convenient, at its sole discretion.

CAPITALIZATION AND PAYMENT OF INTEREST. The interests of the fixed-time term deposit may be capitalized only at maturity and only at the discretion of THE BANK. The capitalization and payment of interest shall be governed by what THE CUSTOMER CLIENT has stipulated in the instructions given at the time of opening or renewal of the fixed time term deposit, as the case may be, provided that such instructions are shall be given in clear Clear and precise manner and in the form required and accepted by THE BANK and that, otherwise, THE BANK shall will act as in the way it deems most convenient, at in its sole discretion.