Common use of Deposits by Third Parties Clause in Contracts

Deposits by Third Parties. (1) If Payment Instruments are deposited to the Account at this office of the Bank by a third party, such Payment Instruments shall be handled in the manner described in Clause 2 hereof. (2) If deposits are made to the Account by a third party through other banking institutions, such deposits shall be handled in the manner described in Clause 3 hereof.

Appears in 4 contracts

Samples: Current Account and Payment Services Agreement, Current Account and Payment Services Agreement, Current Account and Payment Services Agreement

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Deposits by Third Parties. (1) If Payment Instruments are deposited to the Account at this the office of the Bank mentioned above by a third party, such Payment Instruments shall be handled in the manner described in Clause 2 hereof. (2) If deposits are made to the Account by a third party through other banking institutions, such deposits shall be handled in the manner described in Clause 3 hereof.

Appears in 1 contract

Samples: Current Account and Payment Services Agreement

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