Common use of Joint Investments Clause in Contracts

Joint Investments. 9.1) Joint account holders can also avail of the services under this Part B10. In such circumstances the Investments will be deemed to be for the benefit of all the joint account holders. 9.2) If Investments is held jointly and the Bank receives conflicting instructions from different signatories of the Account, the Bank may require a fresh mandate from all the signatories in respect of that Account before giving effect to any instructions. However, the Bank shall not be liable for having acted on any conflicting instructions. 9.3) In the event of the death or legal disability of any of the individual joint account holders, the other individual(s) shall immediately, (but in any event not later than 10 days after such death or legal disability), inform the Bank in writing of such death or legal disability. In the absence of such written notice, the survivor(s) shall be liable for any claim made against the Bank that arises from the continuation of transactions relating to Investments. On receipt of the notice all activity in relation to the Investments held jointly shall be frozen until the legal successor(s) of the deceased or legally disabled individual is appointed by the relevant Court or department or authority.

Joint Investments. 9.19.9.1) Joint account holders can also avail of the services under this Part B10B (9). In such circumstances the Investments will be deemed to be for the benefit of all the joint account ac- count holders. 9.29.9.2) If Investments is held jointly and the Bank receives conflicting instructions from different signatories of the Account, the Bank may require a fresh mandate from all the signatories in respect of that Account before giving effect to any instructions. However, the Bank shall not be liable for having acted on any conflicting instructions. 9.39.9.3) In the event of the death or legal disability of any of the individual joint account holders, the other individual(s) shall immediately, (but in any event not later than 10 days after such death or legal disability), inform the Bank in writing of such death or legal disability. In the absence of such written notice, the survivor(s) shall be liable for any claim made against the Bank that arises from the continuation of transactions relating to Investments. On receipt of the notice all activity in relation to the Investments held jointly shall be frozen until the legal successor(s) of the deceased or legally disabled individual is appointed by the relevant Court or department or authority.

Joint Investments. 9.19.9.1) Joint account holders can also avail of the services under this Part B10B (9). In such circumstances the Investments will be deemed to be for the benefit of all the joint account holders. 9.29.9.2) If Investments is held jointly and the Bank receives conflicting instructions from different differ- ent signatories of the Account, the Bank may require a fresh mandate from all the signatories in respect of that Account before giving effect to any instructions. However, the Bank shall not be liable for having acted on any conflicting instructions. 9.39.9.3) In the event of the death or legal disability of any of the individual joint account holdershold- ers, the other individual(s) shall immediately, (but in any event not later than 10 days after such death or legal disability), inform the Bank in writing of such death or legal disability. In the absence of such written notice, the survivor(s) shall be liable for any claim made against the Bank that arises from the continuation of transactions relating to Investments. On receipt of the notice all activity in relation to the Investments held jointly shall be frozen until the legal successor(s) of the deceased or legally disabled individual is appointed by the relevant Court or department or authority.