DEATH OF THE CLIENT. 20.1. The death of the Client does not lead to the automatic termination of this Agreement. The Client hereby authorises the Bank to keep on managing his/her assets after his/her death for as long as the Bank will not have received any other request from the valid heirs of the Client.
DEATH OF THE CLIENT. Upon the Client’s death, and until receipt of any documentation prescribed by law and required by the Broker as part of the handling of the estate, the Broker may execute, upon the instructions of the apparent liquidator or a presumed heir, any Transaction of a conservatory nature. The Broker may, however, refuse at its discretion to execute any Transaction Order and may not be held liable for any loss or damage, whether direct or indirect, arising from the application of this section.
DEATH OF THE CLIENT. 9.1 The Bank must be notified of the death of a Client In Writing as soon as possible. As long as the Bank has not confirmed In Writing that it was notified of the death of the Client, the Bank may (continue) to execute the orders received from or on behalf of the Client. The Bank may (continue to) legally execute orders that have been given to the Bank before or shortly after the Bank has received notification of the death of a Client if the Bank could not reasonably prevent the execution. Once the Bank is notified of the death of a Client, and provided that the Client had no Joint Savings Account, the Bank is entitled to transfer all balances of all Savings Accounts of that Client (including any balances resulting from Term Deposits terminated in accordance with Clause 8.8) to the Counter Account.
9.2 After the death of the Client, the Bank can demand that the person/persons who claims/claim to be authorized to perform (legal) acts with regard to the Client's estate submits/submit an attestation of admissibility to the estate, issued by a Dutch notary, and/or other documents that the Bank deems to be acceptable as proof thereof.
9.3 The Bank is not obliged to provide information again regarding actions and transactions that have been carried out before the time of the death of the Customer.
DEATH OF THE CLIENT. The Investment Account of the deceased Client maintained with Xxxxx (with the holdings) shall be transferred to the Nominee, upon the Nominee providing necessary forms, documents required in this regard. Alternatively, the Nominee may choose to close the Investment Account after all the holdings are transferred in his/her name, subject to the full payment of any Fees, charges or any other dues, if any. All acts performed by IA and Xxxxx prior to receiving written notice of the Client’s death, incapacity of or incapability shall be valid and binding upon the Client and the Client’s successors in title. In the event of the Client’s death, IA and Xxxxx shall be absolutely protected in acting under these terms and conditions until Xxxxx receives actual notice of death from the legal representatives or executors of the Client. The legal representatives or executors will be recognised by IA/Xxxxx as having the sole authority to act under these terms and conditions on behalf of the deceased Client only upon the legal representatives or executors producing the relevant legal documents which establish them as the legal representatives of the deceased Client and process the transmission or account closure, as the case may be, as decided by the Nominee, if any.
DEATH OF THE CLIENT. Filing of a petition or issuance of a decision or order for bankruptcy or winding up or liquidation or of the Client.
DEATH OF THE CLIENT. In case of a decision of bankruptcy or winding up of you is taken through a meeting or through the submission of an application for the aforementioned;
DEATH OF THE CLIENT. The use of any restrictive intervention, including seclusion, or physical, chemical or mechanical restraint on the Client.
DEATH OF THE CLIENT. Upon the Client’s death, and until receipt of any documentation prescribed by law and required by NBIN as part of the handling of the estate, NBIN may execute, upon the instructions of the apparent liquidator or a presumed heir, any Transaction of a conservatory nature. NBIN may, however, refuse at its discretion to execute any Instruction and may not be held liable for any loss or damage, whether direct or indirect, arising from the application of this section.
