Disposal of the articles of the Locker as recorded in the inventory prepared in the manner as stated in the paragraphs above, shall be done either by sale in public auction and the sale proceeds shall be applied first towards the Customer’s dues to the Bank (including outstanding Rent, breaking open charges and any other dues) and balance be refunded to the Customer or held for the disposal at the order of the Customer.
Disposal of the certificate of deposit
10.4.4.1. The holder of the certificate of deposit is authorized to dispose the certificate of deposit following the terms established by the legislation, unless the certificate of deposit is used as a means of securing the bank claim. Furthermore, the bank is authorized to repurchase the certificate of deposit with the priority right.
10.4.4.2. Certificate of deposit is disposed without processing additional agreement and the acquisition/disposal of the certificate of deposit by the client is registered at the certificate registry, the regulations and terms of functioning of which are determined by the bank.
10.4.4.3. Disposal of the certificate of deposit by the client is registered at the certificate registry on the basis of the disposal form of the certificate of deposit jointly submitted to the bank by the client and the new acquirer of the certificate of deposit, the form and contents of which are determined by the bank.
10.4.4.4. Partial disposal of the certificate of deposit is not accepted.
Disposal of the certificate of deposit
10.5.4.1. the holder of the certificate of deposit is authorized to dispose the certificate of deposit following the terms established by the legislation, unless the certificate of deposit is used as a means of securing the bank claim. Furthermore, the bank is authorized to repurchase the certificate of deposit with the priority right.
10.5.4.2. certificate of deposit is disposed without processing additional agreement and the acquisition/disposal of the certificate of deposit by the client is registered at the certificate registry, the regulations and terms of functioning of which are determined by the bank.
Disposal of the secured property is final You agree that if we or a receiver sell or otherwise dispose of the secured property:
(c) if you consent (you may not unreasonably withhold your consent); if required by any stock exchange or if allowed or required by law; to any person in connection with
(a) you will not challenge the acquirer’s right to acquire the secured property (including on the ground that we or the receiver were not entitled to dispose of the secured property or that you did not receive notice of the intended disposal) and you will not seek to reclaim that property; and our exercising rights or dealing with rights or obligations (including preparatory steps such as negotiating with any potential assignee of our rights or other person who is considering contracting with us or a receiver in connection with this document);
(i) to our officers, authorised agents and employees, to receivers and to legal advisers, auditors and other advisers; to any of our related entities; where we think it is necessary to protect our position; if the information is generally and publicly available; to any other debtor/guarantor; or for the purposes of the securitisation of any arrangement with us.
