Common use of Delivery of correspondence Clause in Contracts

Delivery of correspondence. The Principal agrees to use the address specified for the most recently opened account or the e-mail address provided to the Bank as the means of delivery for future correspondences. The Principal is required to notify the Bank in writing or in other methods acceptable for any changes in the physical or e- mail address. The Principal also agrees for the Bank to deliver future correspondences to the newly updated physical or e-mail address. If the Principal does not notify the Bank of the change in physical or e-mail address in writing, the Bank may still deliver future correspondences to the existing or last known physical/e-mail address, and regard them as received after the usual time of delivery has elapsed or if the e-mail was not returned by the server. Article 18