Common use of Current Accounts Clause in Contracts

Current Accounts. 3.8.1. Eligible beneficiaries are individuals using the account for non-commercial purposes. 3.8.2. The deposit is payable along with interest on first demand. 3.8.3. The Customer agrees not to use the account for commercial purposes. If he does use the account for commercial purposes, the Bank is entitled to terminate the Agreement and demand that any unused cheques be immediately returned thereto. 3.8.4. The deposit earns interest at the rate applicable from time to time. 3.8.5. Information on the exact interest rate level, as well as on the initial deposit amount, where applicable, is available to the customer as specified under 1.1.2. hereinabove. 3.8.6. Interest is calculated in line with the General Terms of Deposits (1.1.2., 1.1.3. and 1.1.4.). 3.8.7. In the event that the Customer issues a bad cheque, he accepts that a fee for reprocessing bad (“bounced”) cheques shall be automatically charged to his account (on the 1st business day following the 5th day of the month that follows the month when the bad cheque was presented, as per the Bank’s Rates & Charges). 3.8.8. In all other respects the provisions governing sight deposits in euro apply (under article 3.4. hereinabove).

Current Accounts. 3.8.13.9.1. Eligible beneficiaries are individuals using the account for non-commercial purposes. 3.8.23.9.2. The deposit is payable along with interest on first demand. 3.8.33.9.3. The Customer agrees not to use the account for commercial purposes. If he does use the account for commercial purposes, the Bank is entitled to terminate the Agreement and demand that any unused cheques be immediately returned thereto. 3.8.43.9.4. The deposit earns interest at the rate applicable from time to time. 3.8.53.9.5. Information on the exact interest rate level, as well as on the initial deposit amount, where applicable, is available to the customer as specified under 1.1.2. hereinabove. 3.8.63.9.6. Interest is calculated in line with the General Terms of Deposits (1.1.2., 1.1.3. and 1.1.4.). 3.8.73.9.7. In the event that the Customer issues a bad cheque, he accepts that a fee for reprocessing bad (“bounced”) cheques shall be automatically charged to his account (on the 1st business day following the 5th day of the month that follows the month when the bad cheque was presented, as per the Bank’s Rates & Charges). 3.8.83.9.8. In all other respects the provisions governing sight deposits in euro apply (under article 3.43.5. hereinabove).

Current Accounts. 3.8.1. Eligible beneficiaries are individuals using the account for non-commercial purposes. 3.8.2. The deposit is payable along with interest on first demand. 3.8.3. The Customer agrees not to use the account for commercial purposes. If he does use the account for commercial purposes, the Bank is entitled to terminate the Agreement and demand that any unused cheques be immediately returned thereto. 3.8.4. The deposit earns interest at the rate applicable from time to time. 3.8.5. Information on the exact interest rate level, as well as on the initial deposit amount, where applicable, is available to the customer as specified under 1.1.2. hereinabove. 3.8.6. Interest is calculated in line with the General Terms of Deposits (1.1.2., 1.1.3. and 1.1.4.). 3.8.7. In the event that the Customer issues a bad cheque, he accepts that a fee for reprocessing bad (“bounced”) cheques shall be automatically charged to his account (on the 1st 1 st business day following the 5th day of the month that follows the month when the bad cheque was presented, as per the Bank’s Rates & Charges). 3.8.8. In all other respects the provisions governing sight deposits in euro apply (under article 3.4. hereinabove).