Common use of Facsimile / Electronic Mail Instructions Clause in Contracts

Facsimile / Electronic Mail Instructions. 10.8.1. If and when the instructions signed by the duly authorized officers of the Customer are transmitted to the Bank by fax / electronic mail, the Bank will, in its sole discretion and option, be authorized to accept the document generated by its own facsimile device / electronic mail as the original document, and to execute the relevant instruction without seeking for or requesting a fax / electronic mail confirmation. 10.8.2. The Customer hereby acknowledges that in the case of a suspicion, the Bank will not execute an instruction of the Customer received by fax / electronic mail until receipt of a confirmation clearing the air for the sake of transaction security, and that in the case of a difference between the instruction received by the Bank by fax/ electronic mail and the original document delivered after execution of the transaction, the initial instruction received by the Bank by fax/ electronic mail shall prevail. 10.8.3. Instructions will be transmitted from the fax number / electronic mail address shown at the end of this Agreement or designated to the Bank in writing. In the case of change of fax number 10.8.4. The Customer will take necessary actions in order to ensure that instructions are sent to the Bank by fax / electronic mail only by his duly authorized officers. 10.8.5. Upon receipt of an instruction from the Customer by fax / electronic mail, the Bank will compare the signatures thereon with reasonable care, and if determined to be authentic, will execute the instruction without waiting for a written confirmation. 10.8.6. The Bank can by no means and in no case be held liable or responsible for results of signature similarities which cannot be recognized at the first glance, and for results of frauds, and for non- operation or failure of public or private communication means used by the Bank and the Customer, and for insufficient, wrong, illegible or deficient information or instructions received by fax/electronic mail, and for any defect or fault of the Bank’s correspondents or third parties. 10.8.7. The Customer may retrieve the information of fees, commissions and costs to be charged on EFT, Remittance or Free Foreign Currency Transfer to Abroad (SWIFT) transactions to be executed in reliance upon a fax/electronic mail instruction from the address xxx.xxxxxx.xxx. 10.8.8. The Customer acknowledges that the Bank may transfer all or some of its rights and interests arising out of this Agreement, and 10.8.9. Records of activities leading to a change in records of banking activities of customers are kept by the Bank in accordance with the Communiqué on Principles To Be Based in Management of Information Systems.

Facsimile / Electronic Mail Instructions. 10.8.1. If and when the instructions signed by the duly authorized officers of the Customer are transmitted to the Bank by fax / electronic mail, the Bank will, in its sole discretion and option, be authorized to accept the document generated by its own facsimile device / electronic mail as the original document, and to execute the relevant instruction without seeking for or requesting a fax / electronic mail confirmation. 10.8.2. The Customer hereby acknowledges that in the case of a suspicion, the Bank will not execute an instruction of the Customer received by fax / electronic mail until receipt of a confirmation clearing the air for the sake of transaction security, and that in the case of a difference between the instruction received by the Bank by fax/ electronic mail and the original document delivered after execution of the transaction, the initial instruction received by the Bank by fax/ electronic mail shall prevail. 10.8.3. Instructions will be transmitted from the fax number / electronic mail address shown at the end of this Agreement or designated to the Bank in writing. In the case of change of fax number 10.8.4. The Customer will take necessary actions in order to ensure that instructions are sent to the Bank by fax / electronic mail only by his duly authorized officers. 10.8.5. Upon receipt of an instruction from the Customer by fax / electronic mail, the Bank will compare the signatures thereon with reasonable care, and if determined to be authentic, will execute the instruction without waiting for a written confirmation. 10.8.6. The Bank can by no means and in no case be held liable or responsible for results of signature similarities which cannot be recognized at the first glance, and for results of frauds, and for non- operation or failure of public or private communication means used by the Bank and the Customer, and for insufficient, wrong, illegible or deficient information or instructions received by fax/electronic mail, and for any defect or fault of the Bank’s correspondents or third parties. 10.8.7. The Customer may retrieve the information of fees, commissions and costs to be charged on EFT, Remittance or Free Foreign Currency Transfer to Abroad (SWIFT) transactions to be executed in reliance upon a fax/electronic mail instruction from the address xxx.xxxxxx.xxx. 10.8.8. The Customer acknowledges that the Bank may transfer all or some of its rights and interests arising out of this Agreement, andand that in the process of transfer of its rights and interests arising out of this Agreement, the Bank may disclose all information and documents of the Customer to public and/or private natural persons and/or legal entities who take over and/or will take over and/or request to take over the said rights and interests. 10.8.9. Records of activities leading to a change in records of banking activities of customers are kept by the Bank in accordance with the Communiqué on Principles To Be Based in Management of Information Systems.accordance

Facsimile / Electronic Mail Instructions. 10.8.1. If and when the instructions signed by the duly authorized officers of the Customer are transmitted to the Bank by fax / electronic mail, the Bank will, in its sole discretion and option, be authorized to accept the document generated by its own facsimile device / electronic mail as the original document, and to execute the relevant instruction without seeking for or requesting a fax / electronic mail confirmation. 10.8.2. The Customer hereby acknowledges that in the case of a suspicion, the Bank will not execute an instruction of the Customer received by fax / electronic mail until receipt of a confirmation clearing the air for the sake of transaction security, and that in the case of a difference between the instruction received by the Bank by fax/ fax/electronic mail and the original document delivered after execution of the transaction, the initial instruction received by the Bank by fax/ fax/electronic mail shall prevail. 10.8.3. Instructions will be transmitted from the fax number / electronic mail address shown at the end of this Agreement or designated to the Bank in writing. In the case of change of fax numbernumber / electronic mail address, the Customer will immediately inform the Bank thereabout in writing. The Bank may not take into consideration the instructions sent from fax numbers / electronic mail addresses different from those designated to the Bank. The facsimile text received by the Bank will show in printed form the Customer’s trade title (in the case of a natural person, his/her name) and the telephone number of facsimile device. The Bank may not take the facsimile messages not containing such information into consideration. Original copy of the instruction sent by fax / electronic mail will be sent to the Bank as soon as possible thereafter, with a statement that it is the confirmation of fax / electronic mail instruction. 10.8.4. The Customer will take necessary actions in order to ensure that instructions are sent to the Bank by fax / electronic mail only by his duly authorized officers. 10.8.5. Upon receipt of an instruction from the Customer by fax / electronic mail, the Bank will compare the signatures thereon with reasonable care, and if determined to be authentic, will execute the instruction without waiting for a written confirmation.fax 10.8.6. The Bank can by no means and in no case be held liable or responsible for results of signature similarities which cannot be recognized at the first glance, and for results of frauds, and for non- operation or failure of public or private communication means used by the Bank and the Customer, and for insufficient, wrong, illegible or deficient information or instructions received by fax/electronic mail, and for any defect or fault of the Bank’s correspondents or third parties. 10.8.7. The Customer may retrieve the information of fees, commissions and costs to be charged on EFT, Remittance or Free Foreign Currency Transfer to Abroad (SWIFT) transactions to be executed in reliance upon a fax/electronic mail instruction from the address xxx.xxxxxx.xxx. 10.8.8. The Customer acknowledges that the Bank may transfer all or some of its rights and interests arising out of this Agreement, andand that in the process of transfer of its rights and interests arising out of this Agreement, the Bank may disclose all information and documents of the Customer to public and/or private natural persons and/or legal entities who take over and/or will take over and/or request to take over the said rights and interests. 10.8.9. Records of activities leading to a change in records of banking activities of customers are kept by the Bank in accordance with the Communiqué on Principles To Be Based in Management of Information Systems.