Joint accounts with individual power of disposal Sample Clauses

Joint accounts with individual power of disposal. In the case of joint accounts with individual power of dis- posal, the Client is entitled to dispose of the deposited securities and the available account funds and, in particu- lar, to withdraw assets and to debit the account on his own initiative and without restriction. Further, every individual Client is entitled to take out loans and to issue and revoke all manner of instructions and authorisations, and to xxxxx xxxxxx of attorney to third parties. The Bank reserves the right, at its sole discretion and with- out stating its reasons, to require that the consent of the other Clients be obtained for certain actions in connection with the banking relationship. In the event of the death of one Client, only the remaining Clients and their authorised agents, if applicable, are enti- tled to deal with the Bank and to make dispositions affect- ing the account funds and deposited assets within the aforementioned limits. The contractual relationship does not pass down to the heirs of the deceased. At the request of a duly confirmed heir of the deceased Client, the Bank is entitled to disclose information concerning the account relationship.