Common use of Hold Mail Service Clause in Contracts

Hold Mail Service. 19.1 We may (but shall not be obliged to), if so requested and authorised by you, retain on your behalf all Communications (such service being the “Hold Mail Service”). 19.2 Notwithstanding your request for Hold Mail Service, we are entitled, in our absolute discretion, to forward any Communication as we consider necessary or appropriate to the Mailing Address or other address as indicated in the Account Application or last notified by you to us. You further acknowledge and agree that the Hold Mail Service shall not apply to any notice of demand from us. 19.3 You shall collect or give written Instructions for the dispatch and/or disposal of all Communications retained by us pursuant to the Hold Mail Service at least once every twelve (12) months. Unless otherwise instructed in writing, we may in our absolute discretion dispose of or destroy all or any such Communication in any manner as we deem appropriate eighteen (18) months from the date shown on such Communication. 19.4 You acknowledge that: (a) we are under no obligation to inform you of any new Communication, open any Communication, peruse its contents and/or communicate the contents thereof to you; (b) notwithstanding any provision to the contrary in this Clause 19, all Communications retained by us pursuant to the Hold Mail Service shall be deemed to have been duly delivered and received by you on the date as shown on such Communication and you shall be deemed to have notice thereof; DBS Bank Ltd