Common use of Compliance and Update Clause in Contracts

Compliance and Update. the user agrees that the bank can monitor all the accounts in order to ensure that they are in full compliance with the relevant laws and regulations in force in Saudi Arabia and to settle any fees and taxes that may become payable as a result of using or following up such accounts.

Appears in 3 contracts

Samples: www.bankalbilad.com, www.bankalbilad.com, www.bankalbilad.com

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Compliance and Update. the user agrees that the bank can monitor all the accounts in order to ensure that they are in full compliance with the relevant laws and regulations in force in Saudi Arabia and to settle any fees and taxes that may become payable as a result of using or following up such accountsaccounts including the value-added tax system and its executive regulations.

Appears in 2 contracts

Samples: Branch Agreement, www.bankalbilad.com

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Compliance and Update. the user agrees that the bank can monitor all the accounts in order to ensure that they are in full compliance with the relevant laws and regulations in force in Saudi Arabia and to settle any fees and taxes that may become payable as a result of using or following up such accounts.

Appears in 1 contract

Samples: www.bankalbilad.com

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