Common use of CLIENT INFORMATION AND BANKING SECRECY Clause in Contracts

CLIENT INFORMATION AND BANKING SECRECY. 7.1 The client declares that at the moment of receipt of its application by the bank as per paragraph 1.2 hereof the informsautibomn itted to the bank by the client (including information on its entrepreneurial activity, its status as a taxpayer) is authentic, accurate, complete and exhaustive. The client shall immediately notify the bank of any change in its identification data, contact information, status or entreprerniaeluactivity. 7.1.1 client declared andconfirms that: 7.1.1.1 he/she is duly authorized to conclude and execute this contract; 7.1.1.2 is not involved in any court proceedings (as a plaintiff, defendant or a third party) that endangers fulfillment of a custro'smoebligations, or the customer's property and/orassets; 7.1.1.3 will not refuse to fulfill the obligations provided for by this contract, also will not transfer his/her obligations to a trhdi party. In addition, this provision does not stipulate that the customer/borrower shall personally fulfill the obligatiso,nand does not exclude the bank's right to accept the performance proposed by a third party and for these purposes, the customer/xxxxxxxx agrees that the bank provide the trhtiyrdwpitah information on the current liabilities/duties of the customer/borrwo er. 7.1.1.4 Upon concluding this contract, he/she is not mislead, cheated or exposed to the violence or threat applied against him/her; 7.1.1.5 He/she is aware that provision of false and/or incorrect (irrelevant to the truth) to the bank is subject to punishment untdhe Criminal Code of Georgia and constitutes sufficient grounds for the termination of this contract. 7.1.1.6 Anytime before the execution of this Agreement or during the validity period hereof, the Client, its shareholders, managemoer ntht e members of

CLIENT INFORMATION AND BANKING SECRECY. 7.1 The client declares that at the moment of receipt of its application by the bank as per paragraph 1.2 hereof the informsautibomn itted information submitted to the bank by the client (including information on its entrepreneurial activity, its status as a taxpayer) is authentic, accurate, complete and exhaustive. The client shall immediately notify the bank of any change in its identification identicf ation data, contact information, status or entreprerniaeluactivityentrepreneurial activity. 7.1.1 The client declared andconfirms declares and confirms that: 7.1.1.1 he/she is duly authorized to conclude and execute this contract; 7.1.1.2 he/she is not involved in any court proceedings (as a plaintiff, defendant or a third ohr iardt party) that endangers fulfillment of a custro'smoebligationscustomer's obligations, or the customer's property and/orassetsand/or assets; 7.1.1.3 will he/shewill not refuse to fulfill the obligations provided for by this contract, also will not transfer his/her obligations to a trhdi third party. In addition, this provision does not stipulate that the customer/borrower shall personally fulfill the obligatiso,nand does obligations, anddoes not exclude the bank's right to accept the performance proposed by a third party and for these purposes, the customer/xxxxxxxx borrower agrees that the bank provide the trhtiyrdwpitah third party with information on the current liabilities/duties of the customer/borrwo erborrower. 7.1.1.4 Upon concluding this contract, he/she is not mislead, cheated or exposed to the violence or threat applied against him/her; 7.1.1.5 Hehe/she is aware that provision of false and/or incorrect (irrelevant to the truth) to the bank is subject to punishment untdhe under the Criminal Code of Georgia and constitutes sufficient grounds for the termination of this contract. 7.1.1.6 Anytime before 7.2 The bank shall be under the execution obligation to keep in confidence the information connected with banking operations and accounts of the client and which became knowtonthe bank as a result of business dealings with the client, except for the cases stipulated by the legislation, or if the information concerns usual EDQNLQJ RSHUDWLRQV DQG EULQJLQJ RXW RI VXFK LQIRUP accordance with Article 863 of Georgian Civil Code). This duty of the bank remains in force after the termination of this Agreement or during agreement. 7.3 The bank shall not be responsible for consequence(s) resulting from receipt of information by other party sent by the validity period hereof, bank accroding to contact information supplied to the Client, its shareholders, managemoer ntht e members ofbank by the client.

CLIENT INFORMATION AND BANKING SECRECY. 7.1 The client declares that at the moment of receipt of its application by the bank as per paragraph 1.2 hereof the informsautibomn itted information submitted to the bank by the client (including information on its entrepreneurial activity, its status as a taxpayer) is authenticisthaeuntic, accurate, complete and exhaustive. The client shall immediately notify the bank of any change in its identification data, contact information, status or entreprerniaeluactivityentrepreneurial activity. 7.1.1 The client declared andconfirms declares and confirms that: 7.1.1.1 he/she is duly authorized to conclude toconclude and execute this contract; 7.1.1.2 he/she is not involved in any court proceedings (as a plaintiff, defendant or a third party) that endangers fulfillment of a custro'smoebligationscustomer's obligations, or the customer's property and/orassetsand/or assets; 7.1.1.3 he/she will not refuse to fulfill fuflill the obligations provided for by this contract, also will not transfer his/her obligations to a trhdi third party. In addition, this provision does not stipulate that the customer/borrower shall personally fulfill the obligatiso,nand obligations, and does not exclude the bank's thenbk'as right to accept the performance proposed by a third party and for these purposes, the customer/xxxxxxxx agrees that the bank provide the trhtiyrdwpitah third party with information on the current liabilities/duties of the customer/borrwo erborrower. 7.1.1.4 Upon concluding this contractconrtact, he/she is not mislead, cheated or exposed to the violence or threat applied against him/her; 7.1.1.5 Hehe/she is aware that provision of false and/or incorrect (irrelevant to the truth) to the bank is subject to punishment untdhe under the Criminal Code of Georgia and constitutes adnconstitutes sufficient grounds for the termination of this contract. 7.1.1.6 Anytime before 7.2 The bank shall be under the execution obligation to keep in confidence the information connected with banking operations and accounts of the client and which became known to the bank as a reosfulbtusiness dealings with the client, except for the cases stipulated by the legislation, or if the information FRQFHUQV XVXDO EDQNLQJ RSHUDWLRQV DQG EULQJLQJ RXW interests (in accordance with Article 863of Georgian Civil Code). This duty of the bank remains in force after the termination of this Agreement or during agreement. 7.3 The bank shall not be responsible for consequence(s) resulting from receipt of information by other party sent by the validity period hereof, bank according to contact inforamtion supplied to the Client, its shareholders, managemoer ntht e members ofbank by the client.

CLIENT INFORMATION AND BANKING SECRECY. 7.1 The client declares that at the moment of receipt of its application by the bank as per paragraph 1.2 hereof the informsautibomn itted information submitted to the bank by the client (including information on its entrepreneurial activity, its status as a taxpayer) is authentic, accurate, complete and exhaustive. The client shall immediately notify the bank of any change in its identification data, contact information, status or entreprerniaeluactivityentrepreneurial activity. 7.1.1 The client declared andconfirms declares and confirms that: 7.1.1.1 he/she is duly authorized to conclude and execute this contract; 7.1.1.2 he/she is not involved in any court proceedings (as a plaintiff, defendant or a third party) that endangers fulfillment of a custro'smoebligationscustomer's obligations, or the customertheucstomer's property and/orassetsand/or assets; 7.1.1.3 will he/shewill not refuse to fulfill the obligations provided for by this contract, also will not transfer his/her obligations to a trhdi third party. In addition, this provision does not stipulate that the customer/borrower shall personally fulfill the obligatiso,nand does obligations, anddoes not exclude the bank's right to accept the performance proposed by a third party and for these purposes, the customer/xxxxxxxx borrower agrees that the bank provide the trhtiyrdwpitah third party with information on the current liabilities/duties of the customer/borrwo erborrower. 7.1.1.4 Upon concluding this contract, he/she is not mislead, cheated or exposed to the violence or threat applied against him/her; 7.1.1.5 Hehe/she is aware that provision of false and/or incorrect (irrelevant to the truth) to the bank is subject to punishment untdhe under the Criminal Code of Georgia and constitutes sufficient grounds for the termination of this contract. 7.1.1.6 Anytime before 7.2 The bank shall be under the execution obligation to keep in confidence the information connected with banking operations and accounts of the client and which became knowtonthe bank as a result of business dealings with the client, except for the cases stipulated by the legislation, or if the information concerns usual EDQNLQJ RSHUDWLRQV DQG EULQJLQJ RXW RI VXFK LQIRUP accordance with Article 863 of Georgian Civil Code). This duty of the bank remains in force after the termination of this Agreement or during agreement. 7.3 The bank shall not be responsible for consequence(s) resulting from receipt of information by other party sent by the validity period hereof, bank accroding to contact information supplied to the Client, its shareholders, managemoer ntht e members ofbank by the client.

CLIENT INFORMATION AND BANKING SECRECY. 7.1 The client declares that at the moment of receipt of its application by the bank as per paragraph 1.2 hereof the informsautibomn itted information submitted to the bank by the client (including information on its entrepreneurial activity, its status as a taxpayer) is authentic, accurateauthentaicc,curate, complete and exhaustive. The client shall immediately notify the bank of any change in its identification data, contact information, status or entreprerniaeluactivityentrepreneurial activity. 7.1.1 The client declared andconfirms declares and confirms that: 7.1.1.1 he/she is duly authorized to conclude and concludaend execute this contract; 7.1.1.2 he/she is not involved in any court proceedings (as a plaintiff, defendant or a third party) that endangers fulfillment of a custro'smoebligationscustomer's obligations, or the customer's property and/orassetsand/or assets; 7.1.1.3 he/she will not refuse to fulfill the obligations theobligations provided for by this contract, also will not transfer his/her obligations to a trhdi third party. In addition, this provision does not stipulate that the customer/borrower shall personally fulfill the obligatiso,nand obligations, and does not exclude the bank's right to bank'shrtigto accept the performance proposed by a third party and for these purposes, the customer/xxxxxxxx agrees that the bank provide the trhtiyrdwpitah third party with information on the current liabilities/duties of the customer/borrwo erborrower. 7.1.1.4 Upon concluding this contract, he/she is not mislead, cheated or exposed to the violence or threat applied against him/her; 7.1.1.5 Hehe/she is aware that provision of false and/or incorrect (irrelevant to the truth) to the bank is subject to punishment untdhe under the Criminal Code of Georgia and constitutes contsutties sufficient grounds for the termination of this contract. 7.1.1.6 Anytime before 7.2 The bank shall be under the execution obligation to keep in confidence the information connected with banking operations and accounts of the client and which became known to the bank as a result ofnbeussidealings with the client, except for the cases stipulated by the legislation, or if the information concerns usual EDQNLQJ RSHUDWLRQV DQG EULQJLQJ RXW RI VXFK LQIRUP accordance with Article 863 of Georigan Civil Code). This duty of the bank remains in force after the termination of this Agreement or during agreement. 7.3 The bank shall not be responsible for consequence(s) resulting from receipt of information by other party sent by the validity period hereof, bank according to contact information spuplied to the Client, its shareholders, managemoer ntht e members ofbank by the client.

CLIENT INFORMATION AND BANKING SECRECY. 7.1 The client declares that at the moment of receipt of its application by the bank as per paragraph 1.2 hereof the informsautibomn itted information submitted to the bank by the client (including information on its entrepreneurial activity, its status as a taxpayer) is authentic, accurate, complete and exhaustive. The client shall immediately notify the bank of any change in its identification identiicf ation data, contact information, status or entreprerniaeluactivityentrepreneurial activity. 7.1.1 The client declared andconfirms declares and confirms that: 7.1.1.1 he/she is duly authorized to conclude and execute this contract; 7.1.1.2 he/she is not involved in any court proceedings (as a plaintiff, defendant or a third ohr iardt party) that endangers fulfillment of a custro'smoebligationscustomer's obligations, or the customer's property and/orassetsand/or assets; 7.1.1.3 will he/shewill not refuse to fulfill the obligations provided for by this contract, also will not transfer his/her obligations to a trhdi third party. In addition, this provision does not stipulate that the customer/borrower shall personally fulfill the obligatiso,nand does obligations, anddoes not exclude the bank's right to accept the performance proposed by a third party and for these purposes, the customer/xxxxxxxx agrees that the bank provide the trhtiyrdwpitah third party with information on the current liabilities/duties of the customer/borrwo erborrower. 7.1.1.4 Upon concluding this contract, he/she is not mislead, cheated or exposed to the violence or threat applied against him/her; 7.1.1.5 Hehe/she is aware that provision of false and/or incorrect (irrelevant to the truth) to the bank is subject to punishment untdhe under the Criminal Code of Georgia and constitutes sufficient grounds for the termination of this contract. 7.1.1.6 Anytime before 7.2 The bank shall be under the execution obligation to keep in confidence the information connected with banking operations and accounts of the client and which became knowtonthe bank as a result of business dealings with the client, except for the cases stipulated by the legislation, or if the information concerns usual EDQNLQJ RSHUDWLRQV DQG EULQJLQJ RXW RI VXFK LQIRU accordance with Article 863 of Georgian Civil Code). This duty of the bank remains in force after the termination of this Agreement or during agreement. 7.3 The bank shall not be responsible for consequence(s) resulting from receipt of information by other party sent by the validity period hereof, bank accroding to contact information supplied to the Client, its shareholders, managemoer ntht e members ofbank by the client.

CLIENT INFORMATION AND BANKING SECRECY. 7.1 The client declares that at the moment of receipt of its application by the bank as per paragraph 1.2 hereof the informsautibomn itted information submitted to the bank by the client (including information on its entrepreneurial activity, its status as a taxpayer) is authenticauthentica, accurateccurate, complete and exhaustive. The client shall immediately notify the bank of any change in its identification data, contact information, status or entreprerniaeluactivityentrepreneurial activity. 7.1.1 The client declared andconfirms declares and confirms that: 7.1.1.1 he/she is duly authorized to conclude and concludaend execute this contract; 7.1.1.2 he/she is not involved in any court proceedings (as a plaintiff, defendant or a third party) that endangers fulfillment of a custro'smoebligationscustomer's obligations, or the customer's property and/orassetsand/or assets; 7.1.1.3 he/she will not refuse to fulfill the obligations provided for by this contract, also will not transfer his/her obligations to a trhdi third party. In addition, this provision does not stipulate that the customer/borrower shall personally fulfill the obligatiso,nand obligations, and does not exclude the bank's right to hritgto accept the performance proposed by a third party and for these purposes, the customer/xxxxxxxx borrower agrees that the bank provide the trhtiyrdwpitah third party with information on the current liabilities/duties of the customer/borrwo erborrower. 7.1.1.4 Upon concluding this contract, he/she is not mislead, cheated or exposed to the violence or threat applied against him/her; 7.1.1.5 Hehe/she is aware that provision of false and/or incorrect (irrelevant to the truth) to the bank is subject to punishment untdhe under the Criminal Code of Georgia and constitutes contsutties sufficient grounds for the termination of this contract. 7.1.1.6 Anytime before 7.2 The bank shall be under the execution obligation to keep in confidence the information connected with banking operations and accounts of the client and which became known to the bank as a result of nbeusssi dealings with the client, except for the cases stipulated by the legislation, or if the information concerns usual banking operations and EULQJLQJ RXW RI VXFK LQIRUPDWLRQ GRHV QRW YLRODiaWn H WKH Civil Code). This duty of the bank remains in force after the termination of this Agreement or during agreement. 7.3 The bank shall not be responsible for consequence(s) resulting from receipt of information by other party sent by the validity period hereof, bank according to contact information spuplied to the Client, its shareholders, managemoer ntht e members ofbank by the client.