Common use of Formation and Cancellation, etc., of a Remittance Entrustment Contract Clause in Contracts

Formation and Cancellation, etc., of a Remittance Entrustment Contract. 4.1 The remittance entrustment contract shall be entered into when the Bank accepts the request for remittance pursuant to Article 3 (Requests for Remittance) and receives the Remittance Fund, etc. 4.2 When the remittance entrustment contract is entered into pursuant to Article 4.1, the Bank shall provide the Customer with an overseas remittance calculation statement relating to the contents of the contract. The Customer shall confirm the contents of the contract by confirming the overseas remittance calculation statement and safely store the overseas remittance calculation statement as the Customer may be requested by the Bank to submit it at a later date, in case of events such as cancellation or unwinding (kumimodoshi). 4.3 Even after entering into the Contract pursuant to, Article 4.1, the Bank may, before issuing the Payment Order to the Banks Concerned, cancel the Contract if the Bank considers any of the following to be applicable. In such a case, the Bank shall not be responsible for any damages incurred by the Customer caused by such cancellation. (i) When the remittance is in violation of the laws and regulations concerning foreign exchange, such as when transactions, etc., are subject to an emergency suspension, etc. (ii) When other reasonable grounds exist, such as the remittance being associated with crime, including money laundering or terrorist financing. (iii) When a riot, social disturbance, war, hostile activities between countries, government law, order or regulation, embargo, measures taken by a government agency, insurrection, or freezing of assets or suspension of payments of the Banks Concerned occurs or threatens to occur, natural phenomenon, violent weather, natural disaster, major accident, strike, sabotage activity, explosion, or other similar or dissimilar unforeseen event that exceeds the ability of those involved to contain the event occurs or threatens to occur. 4.4 In the case of cancellation pursuant to Article 4.3, the Bank shall return the Remittance Fund, etc., received from the Customer. In such event, the Customer shall submit a receipt etc. prescribed by the Bank with the same name and seal (or signature) as used on the Overseas Remittance Request Form, along with the overseas remittance calculation statement as referred to in Article