Effectiveness and Termination of the Agreement. 8.1. The Agreement comes into force upon its signing/Conclusion by the Parties and stays effective until full and due fulfillment by the Parties of the obligations assumed under the Agreement. Furthermore, Parties agree that Agreement could be concluded by consent which would be expressed through the remote banking service specified in the banking service agreement concluded with the Depositor. 8.2. In cases and on coditions established by the Agreement and/or Legislation, it is possible to early terminate the Agreement: 8.2.1. by the Bank: a) until full and proper implementation/fulfillment by the Depositor of rights and obligations defined by the Agreement or b) if the Depositor does not perform fully and duly any obligations assumed under the Agreement and/or other agreement concluded with the Bank (including monetary liability, Representations and Warranties, any covenants and/or other liabilities); 8.2.2. by the Depositor, if the Depositor has no outstanding obligations/obligations to be fulfilled against the Bank under the Agreement; 8.2.3. Upon agreement of the Parties; 8.2.4. In other cases stipulated by the Agreement and/or the 8.3. Unless the Bank decides otherwise, the Agreement shall automatically be terminated if: a) the sum will not be accumulated on the Deposit Account or/and on the Servicing Account (if any) in accordance with the conditions established by the Agreement or regardless of accumulation of the respective sum on the Servicing Account (if any) the Bank won’t be able to transfer full sum on the Deposit Account – because of fulfilment of the Depositor’s obligation towards the Bank or/and because of public injunction (among them injunction or/and lien) on a respective sum; b) any kind of On- demand Deposit will be canceled by the Bank. 8.4. A Party which makes the decision on unilateral and full or partial termination of the Agreement shall inform the other Party in writing about the made decision and the effective date which shall not be less than 30 (thirty) calendar days. Furthermore, if in cases envisaged by the Agreement and/or Legislation the Agreement may or should be terminated in shorter terms, and/or if the Bank considers it as reasonable to terminate the Agreement in shorter terms, the Agreement may be terminated in a shorter term. In such a case the Depositor undertakes to cooperate with the Bank within the limits permitted by the Legislation to prevent possible damage (loss) to the Bank arising from such termination or minimize such damage (loss) as practicable. 8.5. In case of occurrence of any situation envisaged in sub- paragraph 8.
Appears in 3 contracts
Samples: On Demand Deposit Agreement, On Demand Deposit Agreement, On Demand Deposit Agreement
Effectiveness and Termination of the Agreement. 8.1. The Agreement comes into force upon its signing/Conclusion concluding by the Parties and stays effective until full and due fulfillment by the Parties of the obligations assumed under the Agreement. Furthermore, Parties agree that Agreement could be concluded by consent which would be expressed through the remote banking service specified in the banking service agreement concluded with the Depositor.
8.2. In cases and on coditions established by the Agreement and/or Legislation, it is possible to early terminate the Agreement:the
8.2.1. by the Bank: a) until full and proper implementation/fulfillment by the Depositor of rights and obligations defined by the Agreement or b) if the Depositor does not perform fully and duly any obligations assumed under the Agreement and/or other agreement concluded with the Bank (including monetary liability, Representations and Warranties, any covenants and/or other liabilities);
8.2.2. by the Depositor, if the Depositor has no outstanding obligations/obligations to be fulfilled against the Bank under the Agreement;
8.2.3. Upon agreement of the Parties;
8.2.48.2.3. In other cases stipulated by the Agreement and/or thethe Legislation.
8.3. Unless the Bank decides otherwise, the Agreement shall automatically be terminated if: a) the sum will not be accumulated on the Deposit Account or/and on the Servicing Account (if any) in accordance with the conditions established by the Agreement or regardless of accumulation of the respective sum on the Servicing Account (if any) the Bank won’t be able to transfer full sum on the Deposit Account – because of fulfilment of the Depositor’s obligation towards the Bank or/and because of public injunction (among them injunction or/and lien) on a respective sum; b) any kind of On- demand Term Deposit will be canceled by the Bank.
8.4. A Party which makes the decision on unilateral and full or partial termination of the Agreement shall inform the other Party in writing about the made decision and the effective date which shall not be less than 30 (thirty) calendar days. Furthermore, if in cases envisaged by the Agreement and/or Legislation the Agreement may or should be terminated in shorter terms, and/or if the Bank considers it as reasonable to terminate the Agreement in shorter terms, the Agreement may be terminated in a shorter term. In such a case the Depositor undertakes to cooperate with the Bank within the limits permitted by the Legislation to prevent possible damage (loss) to the Bank arising from such termination or minimize such damage (loss) as practicable.
8.5. In case of occurrence of any situation envisaged in sub- sub-paragraph 8.
Appears in 3 contracts
Samples: Term Deposit Agreement, Term Deposit Agreement, Term Deposit Agreement
Effectiveness and Termination of the Agreement. 8.1. The Agreement comes into force upon its signing/Conclusion concluding by the Parties and stays effective until full and due fulfillment by the Parties of the obligations assumed under the Agreement. Furthermore, Parties agree that Agreement could be concluded by consent which would be expressed through the remote banking service specified in the banking service agreement concluded with the Depositor.
8.2. In cases and on coditions established by the Agreement and/or Legislation, it is possible to early terminate the Agreement:
8.2.1. by the Bank: a) until full and proper implementation/fulfillment by the Depositor of rights and obligations defined by the Agreement or b) if the Depositor does not perform fully and duly any obligations assumed under the Agreement and/or other agreement concluded with the Bank (including monetary liability, Representations and Warranties, any covenants and/or other liabilities);
8.2.2. by the Depositor, if the Depositor has no outstanding obligations/obligations to be fulfilled against the Bank under the Agreement;
8.2.3. Upon agreement of the Parties;
8.2.48.2.3. In other cases stipulated by the Agreement and/or the
8.3. Unless the Bank decides otherwise, the Agreement shall automatically be terminated if: a) the sum will not be accumulated on the Deposit Account or/and on the Servicing Account (if any) in accordance with the conditions established by the Agreement or regardless of accumulation of the respective sum on the Servicing Account (if any) the Bank won’t be able to transfer full sum on the Deposit Account – because of fulfilment of the Depositor’s obligation towards the Bank or/and because of public injunction (among them injunction or/and lien) on a respective sum; b) any kind of On- demand Term Deposit will be canceled by the Bank; c) amount of the Interest becomes zero.
8.4. A Party which makes the decision on unilateral and full or partial termination of the Agreement shall inform the other Party in writing about the made decision and the effective date which shall not be less than 30 (thirty) calendar days. Furthermore, if in cases envisaged by the Agreement and/or Legislation the Agreement may or should be terminated in shorter terms, and/or if the Bank considers it as reasonable to terminate the Agreement in shorter terms, the Agreement may be terminated in a shorter term. In such a case the Depositor undertakes to cooperate with the Bank within the limits permitted by the Legislation to prevent possible damage (loss) to the Bank arising from such termination or minimize such damage (loss) as practicable.
8.5. In case of occurrence of any situation envisaged in sub- paragraph 8.
Appears in 3 contracts
Samples: Term Deposit Agreement, Term Deposit Agreement, Term Deposit Agreement
Effectiveness and Termination of the Agreement. 8.111.1. The Agreement comes into force upon becomes effective from the moment of its signing/Conclusion execution by the Parties and stays unless otherwise provided in Annex No. 1 (Additional Conditions) (if any) of the Agreement it shall remain effective until the Security is fully disposed off by the Client or fully covered / repaid by the issuer.
11.2. In the cases and under the terms defined by the Agreement, the Related Agreement(s) and/or the Legislation, the full or partial termination of the Services, the Agreement and/or the Related Agreement(s) is possible:
11.2.1. by the Bank, if: a) the Bank refuses provision of the the Services until full and due proper fulfillment by the Parties Client of the any of his/her/its obligations assumed under the Agreement. Furthermore(including monetary obligations, Parties agree that Agreement could be concluded by consent which would be expressed through the remote banking service specified in the banking service agreement concluded with the Depositor.
8.2. In cases Representations and on coditions established Warrantees, any terms and condition and/or other obligation) defined by the Agreement and/or Legislationthe Related Agreement(s) or b) the Client fails to discharge fully and properly any obligations (including monetary obligations, it is possible to early terminate the Agreement:
8.2.1. by the Bank: aRepresentations and Warrantees, any terms and condition and/or other obligation) until full and proper implementation/fulfillment by the Depositor of rights and obligations defined by the Agreement or b) if and/or Other the Depositor does not perform fully and duly any obligations assumed under the Agreement and/or other agreement concluded with the Bank (including monetary liability, Representations and Warranties, any covenants and/or other liabilitiesRelated Agreement(s);
8.2.211.2.2. by the DepositorParties’ written agreement;
11.2.3. in other cases stipulated by the Agreement, if the Depositor has no outstanding obligations/obligations to be fulfilled against Related Agreement(s) and/or Legislation, unless the cases stipulated by the Legislation conflict with the Agreement.
11.3. In case of existence of the circumstances set forth in Sub-paragraphs 11.2.1 and 11.2.3 of the Agreement, the Bank under is authorized upon 15 (fifteen) calendar days notice to the Agreement;
8.2.3. Upon agreement Client to terminate unilaterally, fully or partially, without compensation of damage (loss), the Services, Agreement and/or the Related Agreement(s), unless the same notice envisages other term and/or conditions for full or partial termination of the Parties;Services, Agreement and/or the Related Agreement(s).
8.2.411.4. In other If based on and in accordance with the Legislation the Client decides to terminate the Agreement unilaterally in full or partially, he/she/it shall notify in writing the Bank about such decision, its basis and the date on which the termination becomes effective, which shall be no less than 60 (sixty) calendar days from the date of notice. If in cases stipulated by the Agreement and/or the
8.3. Unless the Legislation the Agreement has to be terminated in shorter terms and/or the Bank decides otherwisefinds it advisable to terminate the Agreement in a shorter term, the Agreement shall automatically may be terminated if: a) in such shorter term.
11.5. In case the sum will Bank prematurely terminates the Agreement in full or partially, the Client shall pay the Bank accrued fee for the Services actually rendered. In such case the Bank shall not be accumulated on liable to compensate the Deposit Account or/and on the Servicing Account (if any) in accordance with the conditions established by the Agreement or regardless of accumulation of the respective sum on the Servicing Account (if any) the Bank won’t be able to transfer full sum on the Deposit Account – because of fulfilment of the Depositor’s obligation towards the Bank or/and because of public injunction (among them injunction or/and lien) on a respective sum; b) Client for any kind of On- demand Deposit will be canceled damage (loss).
11.6. Full or partial termination of the Agreement and/or the Related Agreement(s) does not relieve the Client from the obligation of full and proper performance of his/her/its obligations under the Agreement and/or the Related Agreement(s) and/or the obligations prescribed by the BankLegislation. Such obligation shall remain in force until the voluntary or enforced fulfillment thereof.
8.411.7. A Party which makes If the decision on unilateral and results (responsibility) of full or partial termination of the Agreement shall inform and/or the other Party in writing about the made decision and the effective date which shall Related Agreement(s) are not be less than 30 (thirty) calendar days. Furthermore, if in cases envisaged stipulated by the Agreement and/or Legislation the Agreement may or should be terminated in shorter terms, and/or if the Bank considers it as reasonable to terminate the Agreement in shorter termsRelated Agreement(s), the Agreement may Parties shall be terminated in a shorter term. In such a case the Depositor undertakes to cooperate with the Bank within the limits permitted guided by the Legislation to prevent possible damage (loss) to the Bank arising from such termination or minimize such damage (loss) as practicableapplicable Legislation.
8.5. In case of occurrence of any situation envisaged in sub- paragraph 8.
Appears in 2 contracts
Samples: Securities Custody and Registration Services Agreement, Securities Custody and Registration Services Agreement
Effectiveness and Termination of the Agreement. 8.1. The Agreement comes into force upon its signing/Conclusion by the Parties and stays effective until full and due fulfillment by the Parties of the obligations assumed under the Agreement. Furthermore, Parties agree that Agreement could be concluded by consent which would be expressed through the remote banking service specified in the banking service agreement concluded with the Depositor.
8.2. In cases and on coditions established by the Agreement and/or Legislation, it is possible to early terminate the Agreement:the
8.2.1. by the Bank: a) until full and proper implementation/fulfillment by the Depositor of rights and obligations defined by the Agreement or b) if the Depositor does not perform fully and duly any obligations assumed under the Agreement and/or other agreement concluded with the Bank (including monetary liability, Representations and Warranties, any covenants and/or other liabilities);
8.2.2. by the Depositor, if the Depositor has no outstanding obligations/obligations to be fulfilled against the Bank under the Agreement;the
8.2.3. Upon agreement of the Parties;
8.2.4. In other cases stipulated by the Agreement and/or thethe Legislation.
8.3. Unless the Bank decides otherwise, the Agreement shall automatically be terminated if: a) the sum will not be accumulated on the Deposit Account or/and on the Servicing Account (if any) in accordance with the conditions established by the Agreement or regardless of accumulation of the respective sum on the Servicing Account (if any) the Bank won’t be able to transfer full sum on the Deposit Account – because of fulfilment of the Depositor’s obligation towards the Bank or/and because of public injunction (among them injunction or/and lien) on a respective sum; b) any kind of On- On-demand Deposit will be canceled by the Bank.
8.4. A Party which makes the decision on unilateral and full or partial termination of the Agreement shall inform the other Party in writing about the made decision and the effective date which shall not be less than 30 (thirty) calendar days. Furthermore, if in cases envisaged by the Agreement and/or Legislation the Agreement may or should be terminated in shorter terms, and/or if the Bank considers it as reasonable to terminate the Agreement in shorter terms, the Agreement may be terminated in a shorter term. In such a case the Depositor undertakes to cooperate with the Bank within the limits permitted by the Legislation to prevent possible damage (loss) to the Bank arising from such termination or minimize such damage (loss) as practicable.
8.5. In case of occurrence of any situation envisaged in sub- sub-paragraph 8.
Appears in 2 contracts
Samples: On Demand Deposit Agreement, On Demand Deposit Agreement
Effectiveness and Termination of the Agreement. 8.1. The Agreement comes into force upon its signing/Conclusion by the Parties and stays effective until full and due fulfillment by the Parties of the obligations assumed under the Agreement. Furthermore, Parties agree that Agreement could be concluded by consent which would be expressed through the remote banking service specified in the banking service agreement concluded with the Depositor.
8.2. In cases and on coditions established by the Agreement and/or Legislation, it is possible to early terminate the Agreement:
8.2.1. by the Bank: a) until full and proper implementation/fulfillment by the Depositor of rights and obligations defined by the Agreement or b) if the Depositor does not perform fully and duly any obligations assumed under the Agreement and/or other agreement concluded with the Bank (including monetary liability, Representations and Warranties, any covenants and/or other liabilities);
8.2.2. by the Depositor, if the Depositor has no outstanding obligations/obligations to be fulfilled against the Bank under the Agreement;
8.2.3. Upon agreement of the Parties;
8.2.4. In other cases stipulated by the Agreement and/or the
8.3. Unless the Bank decides otherwise, the Agreement shall automatically be terminated if: a) the sum will not be accumulated on the Deposit Account or/and on the Servicing Account (if any) in accordance with the conditions established by the Agreement or regardless of accumulation of the respective sum on the Servicing Account (if any) the Bank won’t be able to transfer full sum on the Deposit Account – because of fulfilment of the Depositor’s obligation towards the Bank or/and because of public injunction (among them injunction or/and lien) on a respective sum; b) any kind of On- demand Deposit will be canceled by the Bank; c) amount of the Interest becomes zero.
8.4. A Party which makes the decision on unilateral and full or partial termination of the Agreement shall inform the other Party in writing about the made decision and the effective date which shall not be less than 30 (thirty) calendar days. Furthermore, if in cases envisaged by the Agreement and/or Legislation the Agreement may or should be terminated in shorter terms, and/or if the Bank considers it as reasonable to terminate the Agreement in shorter terms, the Agreement may be terminated in a shorter term. In such a case the Depositor undertakes to cooperate with the Bank within the limits permitted by the Legislation to prevent possible damage (loss) to the Bank arising from such termination or minimize such damage (loss) as practicable.
8.5. In case of occurrence of any situation envisaged in sub- paragraph 8.
Appears in 2 contracts
Samples: On Demand Deposit Agreement, On Demand Deposit Agreement
Effectiveness and Termination of the Agreement. 8.1. The Agreement comes into force upon its signing/Conclusion by the Parties and stays effective until full and due fulfillment by the Parties of the obligations assumed under the Agreement. Furthermore, Parties agree that Agreement could be concluded by consent which would be expressed through the remote banking service specified in the banking service agreement concluded with the Depositor.
8.2. In cases and on coditions established by the Agreement and/or Legislation, it It is possible to early terminate the Agreement:
8.2.1. by the Bank: a) until full and proper implementation/fulfillment Bank at any time, unilaterally, with no justification whatsoever;
8.2.2. by the Depositor Bank, without limitation of other rights and obligations defined by of the Agreement or b) Bank envisaged in this Paragraph, if the Depositor does not perform fully and duly any obligations assumed under the Agreement and/or other agreement concluded with the Bank (including monetary liability, Representations and Warranties, any covenants and/or other liabilities);
8.2.28.2.3. by the Depositor, if the Depositor has no outstanding obligations/obligations to be fulfilled against the Bank under the Agreement;the
8.2.38.2.4. Upon agreement of the Parties;
8.2.48.2.5. In other cases stipulated by the Agreement and/or thethe Legislation.
8.3. Unless the Bank decides otherwise, the Agreement shall automatically be terminated if: a) the sum will not be accumulated on the Deposit Account or/and on the Servicing Account (if any) in accordance with the conditions established by the Agreement or regardless of accumulation of the respective sum on the Servicing Account (if any) the Bank won’t be able to transfer full sum on the Deposit Account – because of fulfilment of the Depositor’s obligation towards the Bank or/and because of public injunction (among them injunction or/and lien) on a respective sum; b) any kind of On- On-demand Deposit will be canceled by the Bank.
8.4. A Party which makes the decision on unilateral and full or partial termination of the Agreement shall inform the other Party in writing about the made decision and the effective date which shall not be less than 30 (thirty) calendar days. Furthermore, if in cases envisaged by the Agreement and/or Legislation the Agreement may or should be terminated in shorter terms, and/or if the Bank considers it as reasonable to terminate the Agreement in shorter terms, the Agreement may be terminated in a shorter term. In such a case the Depositor undertakes to cooperate with the Bank within the limits permitted by the Legislation to prevent possible damage (loss) to the Bank arising from such termination or minimize such damage (loss) as practicable.
8.5. In case of occurrence of any situation envisaged in sub- sub-paragraph 8.
Appears in 2 contracts
Samples: On Demand Deposit Agreement, On Demand Deposit Agreement
Effectiveness and Termination of the Agreement. 8.1. The Agreement comes into force upon its signing/Conclusion concluding by the Parties and stays effective until full and due fulfillment by the Parties of the obligations assumed under the Agreement. Furthermore, Parties agree that Agreement could be concluded by consent which would be expressed through the remote banking service specified in the banking service agreement concluded with the Depositor.
8.2. In cases and on coditions established by the Agreement and/or Legislation, it is possible to early terminate the Agreement:
8.2.1. by the Bank: a) until full and proper implementation/fulfillment by the Depositor of rights and obligations defined by the Agreement or b) if the Depositor does not perform fully and duly any obligations assumed under the Agreement and/or other agreement concluded with the Bank (including monetary liability, Representations and Warranties, any covenants and/or other liabilities);
8.2.2. by the Depositor, if the Depositor has no outstanding obligations/obligations to be fulfilled against the Bank under the Agreement;
8.2.3. Upon agreement of the Parties;
8.2.48.2.3. In other cases stipulated by the Agreement and/or the
8.3. Unless the Bank decides otherwise, the Agreement shall automatically be terminated if: a) the sum will not be accumulated on the Deposit Account or/and on the Servicing Account (if any) in accordance with the conditions established by the Agreement or regardless of accumulation of the respective sum on the Servicing Account (if any) the Bank won’t be able to transfer full sum on the Deposit Account – because of fulfilment of the Depositor’s obligation towards the Bank or/and because of public injunction (among them injunction or/and lien) on a respective sum; b) any kind of On- demand Term Deposit will be canceled by the Bank.
8.4. A Party which makes the decision on unilateral and full or partial termination of the Agreement shall inform the other Party in writing about the made decision and the effective date which shall not be less than 30 (thirty) calendar days. Furthermore, if in cases envisaged by the Agreement and/or Legislation the Agreement may or should be terminated in shorter terms, and/or if the Bank considers it as reasonable to terminate the Agreement in shorter terms, the Agreement may be terminated in a shorter term. In such a case the Depositor undertakes to cooperate with the Bank within the limits permitted by the Legislation to prevent possible damage (loss) to the Bank arising from such termination or minimize such damage (loss) as practicable.
8.5. In case of occurrence of any situation envisaged in sub- paragraph 8.
Appears in 2 contracts
Samples: Term Deposit Agreement, Term Deposit Agreement
Effectiveness and Termination of the Agreement. 8.1. The Agreement comes into force upon its signing/Conclusion signing by the Parties and stays effective until full and due fulfillment by the Parties of the obligations assumed under the Agreement. Furthermore, Parties agree that Agreement could be concluded by consent which would be expressed through the remote banking service specified in the banking service agreement concluded with the Depositor.
8.2. In cases and on coditions established by the Agreement and/or Legislation, it is possible to early terminate the Agreement:
8.2.1. by the Bank: a) until full and proper implementation/fulfillment by the Depositor of rights and obligations defined by the Agreement or b) if the Depositor does not perform fully and duly any obligations assumed under the Agreement and/or other agreement concluded with the Bank (including monetary liability, Representations and Warranties, any covenants and/or other liabilities);
8.2.2. by the Depositor, if the Depositor has no outstanding obligations/obligations to be fulfilled against the Bank under the Agreement;
8.2.3. Upon agreement of the Parties;
8.2.4. In other cases stipulated by the Agreement and/or the
8.3. Unless the Bank decides otherwise, the Agreement shall automatically be terminated if: a) the sum will not be accumulated on the Deposit Account or/and on the Servicing Account (if any) in accordance with the conditions established by the Agreement or regardless of accumulation of the respective sum on the Servicing Account (if any) the Bank won’t be able to transfer full sum on the Deposit Account – because of fulfilment of the Depositor’s obligation towards the Bank or/and because of public injunction (among them injunction or/and lien) on a respective sum; b) any kind of On- demand Deposit will be canceled by the Bank; c) amount of the Interest becomes zero.
8.4. A Party which makes the decision on unilateral and full or partial termination of the Agreement shall inform the other Party in writing about the made decision and the effective date which shall not be less than 30 (thirty) calendar days. Furthermore, if in cases envisaged by the Agreement and/or Legislation the Agreement may or should be terminated in shorter terms, and/or if the Bank considers it as reasonable to terminate the Agreement in shorter terms, the Agreement may be terminated in a shorter term. In such a case the Depositor undertakes to cooperate with the Bank within the limits permitted by the Legislation to prevent possible damage (loss) to the Bank arising from such termination or minimize such damage (loss) as practicable.
8.5. In case of occurrence of any situation envisaged in sub- paragraph 8.
Appears in 2 contracts
Samples: On Demand Deposit Agreement, On Demand Deposit Agreement
Effectiveness and Termination of the Agreement. 8.1. The Agreement comes into force upon its signing/Conclusion signing by the Parties and stays effective until full and due fulfillment by the Parties of the obligations assumed under the Agreement. Furthermore, Parties agree that Agreement could be concluded by consent which would be expressed through the remote banking service specified in the banking service agreement concluded with the Depositor.
8.2. In cases and on coditions established by the Agreement and/or Legislation, it is possible to early terminate the Agreement:
8.2.1. by the Bank: a) until full and proper implementation/fulfillment by the Depositor of rights and obligations defined by the Agreement or b) if the Depositor does not perform fully and duly any obligations assumed under the Agreement and/or other agreement concluded with the Bank (including monetary liability, Representations and Warranties, any covenants and/or other liabilities);
8.2.2. by the Depositor, if the Depositor has no outstanding obligations/obligations to be fulfilled against the Bank under the Agreement;
8.2.3. Upon agreement of the Parties;
8.2.48.2.3. In other cases stipulated by the Agreement and/or thethe Legislation.
8.3. Unless the Bank decides otherwise, the Agreement shall automatically be terminated if: a) the sum will not be accumulated on the Deposit Account or/and on the Servicing Account (if any) in accordance with the conditions established by the Agreement or regardless of accumulation of the respective sum on the Servicing Account (if any) the Bank won’t be able to transfer full sum on the Deposit Account – because of fulfilment of the Depositor’s obligation towards the Bank or/and because of public injunction (among them injunction or/and lien) on a respective sum; b) any kind of On- demand Term Deposit will be canceled by the Bank; c) amount of the Interest becomes zero.
8.4. A Party which makes the decision on unilateral and full or partial termination of the Agreement shall inform the other Party in writing about the made decision and the effective date which shall not be less than 30 (thirty) calendar days. Furthermore, if in cases envisaged by the Agreement and/or Legislation the Agreement may or should be terminated in shorter terms, and/or if the Bank considers it as reasonable to terminate the Agreement in shorter terms, the Agreement may be terminated in a shorter term. In such a case the Depositor undertakes to cooperate with the Bank within the limits permitted by the Legislation to prevent possible damage (loss) to the Bank arising from such termination or minimize such damage (loss) as practicable.
8.5. In case of occurrence of any situation envisaged in sub- sub-paragraph 8.
Appears in 1 contract
Samples: Term Deposit Agreement
Effectiveness and Termination of the Agreement. 8.1. The Agreement comes into force upon its signing/Conclusion signing by the Parties and stays effective until full and due fulfillment by the Parties of the obligations assumed under the Agreement. Furthermore, Parties agree that Agreement could be concluded by consent which would be expressed through the remote banking service specified in the banking service agreement concluded with the Depositor.
8.2. In cases and on coditions established by the Agreement and/or Legislation, it is possible to early terminate the Agreement:
8.2.1. by the Bank: a) until full and proper implementation/fulfillment by the Depositor of rights and obligations defined by the Agreement or b) if the Depositor does not perform fully and duly any obligations assumed under the Agreement and/or other agreement concluded with the Bank (including monetary liability, Representations and Warranties, any covenants and/or other liabilities);
8.2.2. by the Depositor, if the Depositor has no outstanding obligations/obligations to be fulfilled against the Bank under the Agreement;
8.2.3. Upon agreement of the Parties;
8.2.4. In other cases stipulated by the Agreement and/or thethe Legislation.
8.3. Unless the Bank decides otherwise, the Agreement shall automatically be terminated if: a) the sum will not be accumulated on the Deposit Account or/and on the Servicing Account (if any) in accordance with the conditions established by the Agreement or regardless of accumulation of the respective sum on the Servicing Account (if any) the Bank won’t be able to transfer full sum on the Deposit Account – because of fulfilment of the Depositor’s obligation towards the Bank or/and because of public injunction (among them injunction or/and lien) on a respective sum; b) any kind of On- demand Deposit will be canceled by the Bank; c) amount of the Interest becomes zero.
8.4. A Party which makes the decision on unilateral and full or partial termination of the Agreement shall inform the other Party in writing about the made decision and the effective date which shall not be less than 30 (thirty) calendar days. Furthermore, if in cases envisaged by the Agreement and/or Legislation the Agreement may or should be terminated in shorter terms, and/or if the Bank considers it as reasonable to terminate the Agreement in shorter terms, the Agreement may be terminated in a shorter term. In such a case the Depositor undertakes to cooperate with the Bank within the limits permitted by the Legislation to prevent possible damage (loss) to the Bank arising from such termination or minimize such damage (loss) as practicable.
8.5. In case of occurrence of any situation envisaged in sub- paragraph 8.
Appears in 1 contract
Samples: On Demand Deposit Agreement
Effectiveness and Termination of the Agreement. 8.1. The Agreement comes into force upon its signing/Conclusion signing by the Parties and stays effective until full and due fulfillment by the Parties of the obligations assumed under the Agreement. Furthermore, Parties agree that Agreement could be concluded by consent which would be expressed through the remote banking service specified in the banking service agreement concluded with the Depositor.
8.2. In cases and on coditions established by the Agreement and/or Legislation, it is possible to early terminate the Agreement:
8.2.1. by the Bank: a) until full and proper implementation/fulfillment by the Depositor of rights and obligations defined by the Agreement or b) if the Depositor does not perform fully and duly any obligations assumed under the Agreement and/or other agreement concluded with the Bank (including monetary liability, Representations and Warranties, any covenants and/or other liabilities);
8.2.2. by the Depositor, if the Depositor has no outstanding obligations/obligations to be fulfilled against the Bank under the Agreement;
8.2.3. Upon agreement of the Parties;
8.2.48.2.3. In other cases stipulated by the Agreement and/or the
8.3. Unless the Bank decides otherwise, the Agreement shall automatically be terminated if: a) the sum will not be accumulated on the Deposit Account or/and on the Servicing Account (if any) in accordance with the conditions established by the Agreement or regardless of accumulation of the respective sum on the Servicing Account (if any) the Bank won’t be able to transfer full sum on the Deposit Account – because of fulfilment of the Depositor’s obligation towards the Bank or/and because of public injunction (among them injunction or/and lien) on a respective sum; b) any kind of On- demand Term Deposit will be canceled by the Bank; c) amount of the Interest becomes zero.
8.4. A Party which makes the decision on unilateral and full or partial termination of the Agreement shall inform the other Party in writing about the made decision and the effective date which shall not be less than 30 (thirty) calendar days. Furthermore, if in cases envisaged by the Agreement and/or Legislation the Agreement may or should be terminated in shorter terms, and/or if the Bank considers it as reasonable to terminate the Agreement in shorter terms, the Agreement may be terminated in a shorter term. In such a case the Depositor undertakes to cooperate with the Bank within the limits permitted by the Legislation to prevent possible damage (loss) to the Bank arising from such termination or minimize such damage (loss) as practicable.
8.5. In case of occurrence of any situation envisaged in sub- paragraph 8.
Appears in 1 contract
Samples: Term Deposit Agreement
Effectiveness and Termination of the Agreement. 8.1. The Agreement comes into force upon its signing/Conclusion concluding by the Parties and stays effective until full and due fulfillment by the Parties of the obligations assumed under the Agreement. Furthermore, Parties agree that Agreement could be concluded by consent which would be expressed through the remote banking service specified in the banking service agreement concluded with the Depositor.
8.2. In cases and on coditions established by the Agreement and/or Legislation, it is possible to early terminate the Agreement:
8.2.1. by the Bank: a) until full and proper implementation/fulfillment by the Depositor of rights and obligations defined by the Agreement or b) if the Depositor does not perform fully and duly any obligations assumed under the Agreement and/or other agreement concluded with the Bank (including monetary liability, Representations and Warranties, any covenants and/or other liabilities);
8.2.2. by the Depositor, if the Depositor has no outstanding obligations/obligations to be fulfilled against the Bank under the Agreement;
8.2.3. Upon agreement of the Parties;
8.2.48.2.3. In other cases stipulated by the Agreement and/or thethe Legislation.
8.3. Unless the Bank decides otherwise, the Agreement shall automatically be terminated if: a) the sum will not be accumulated on the Deposit Account or/and on the Servicing Account (if any) in accordance with the conditions established by the Agreement or regardless of accumulation of the respective sum on the Servicing Account (if any) the Bank won’t be able to transfer full sum on the Deposit Account – because of fulfilment of the Depositor’s obligation towards the Bank or/and because of public injunction (among them injunction or/and lien) on a respective sum; b) any kind of On- demand Term Deposit will be canceled by the Bank.
8.4. A Party which makes the decision on unilateral and full or partial termination of the Agreement shall inform the other Party in writing about the made decision and the effective date which shall not be less than 30 (thirty) calendar days. Furthermore, if in cases envisaged by the Agreement and/or Legislation the Agreement may or should be terminated in shorter terms, and/or if the Bank considers it as reasonable to terminate the Agreement in shorter terms, the Agreement may be terminated in a shorter term. In such a case the Depositor undertakes to cooperate with the Bank within the limits permitted by the Legislation to prevent possible damage (loss) to the Bank arising from such termination or minimize such damage (loss) as practicable.
8.5. In case of occurrence of any situation envisaged in sub- sub-paragraph 8.
Appears in 1 contract
Samples: Term Deposit Agreement
Effectiveness and Termination of the Agreement. 8.1. The Agreement comes into force upon its signing/Conclusion signing by the Parties and stays effective until full and due fulfillment by the Parties of the obligations assumed under the Agreement. Furthermore, Parties agree that Agreement could be concluded by consent which would be expressed through the remote banking service specified in the banking service agreement concluded with the Depositor.
8.2. In cases and on coditions established by the Agreement and/or Legislation, it is possible to early terminate the Agreement:
8.2.1. by the Bank: a) until full and proper implementation/fulfillment by the Depositor of rights and obligations defined by the Agreement or b) if the Depositor does not perform fully and duly any obligations assumed under the Agreement and/or other agreement concluded with the Bank (including monetary liability, Representations and Warranties, any covenants and/or other liabilities);
8.2.2. by the Depositor, if the Depositor has no outstanding obligations/obligations to be fulfilled against the Bank under the Agreement;
8.2.3. Upon agreement of the Parties;
8.2.48.2.3. In other cases stipulated by the Agreement and/or thethe Legislation.
8.3. Unless the Bank decides otherwise, the Agreement shall automatically be terminated if: a) the sum will not be accumulated on the Deposit Account or/and on the Servicing Account (if any) in accordance with the conditions established by the Agreement or regardless of accumulation of the respective sum on the Servicing Account (if any) the Bank won’t be able to transfer full sum on the Deposit Account – because of fulfilment of the Depositor’s obligation towards the Bank or/and because of public injunction (among them injunction or/and lien) on a respective sum; b) any kind of On- demand Term Deposit will be canceled by the Bank; c) amount of the Interest becomes zero.
8.4. A Party which makes the decision on unilateral and full or partial termination of the Agreement shall inform the other Party in writing about the made decision and the effective date which shall not be less than 30 (thirty) calendar days. Furthermore, if in cases envisaged by the Agreement and/or Legislation the Agreement may or should be terminated in shorter terms, and/or if the Bank considers it as reasonable to terminate the Agreement in shorter terms, the Agreement may be terminated in a shorter term. In such a case the Depositor undertakes to cooperate with the Bank within the limits permitted by the Legislation to prevent possible damage (loss) to the Bank arising from such termination or minimize such damage (loss) as practicable.
8.5. In case of occurrence of any situation envisaged in sub- paragraph 8.
Appears in 1 contract
Samples: Term Deposit Agreement