Common use of ENGLISH LEGAL TERMINOLOGY Clause in Contracts

ENGLISH LEGAL TERMINOLOGY. The words used in these HBU General Credit Provisions to describe legal concepts, although in English, refer to Dutch legal concepts only and the consequences of the use of these words in English law or any other foreign law shall be disregarded. Any Dutch legal concept referred to in these HBU General Credit Provisions shall, in respect of any jurisdiction other than the Netherlands, be deemed to include such concepts as in that jurisdiction most closely approximate the Dutch legal concept.

ENGLISH LEGAL TERMINOLOGY. The words used in these HBU General Credit Provisions to describe legal concepts, although in English, refer to Dutch legal concepts only and the consequences of the use of these words in English law or any other foreign law shall be disregarded. Any Dutch legal concept referred to in these HBU General Credit Provisions shall, in respect of any jurisdiction other than the Netherlands, be deemed to include such concepts as in that jurisdiction most closely approximate the Dutch legal concept.. II General Provisions governing Overdraft and Contingent Liability Facilities