Common use of JUDICIAL ORDER Clause in Contracts

JUDICIAL ORDER. The fixed-time deposit may be terminated earlier under the order of a competent authority. In the event that the order affects only part of the deposit, it may be maintained over the sum not affected by the order, in the same terms and conditions as it was agreed at the time of opening, provided that, in accordance with the standards required by THE BANK, such sum is sufficient to qualify as a fixed-time deposit. Otherwise, the entire deposit shall terminate earlier, from the moment the order is received, and the unaffected sum shall be deposited into a savings account at the rate established to date by THE BANK for this type of accounts. In the absence of a savings account, the unaffected sum shall be delivered through a cashier’s check to the deposit holders.

JUDICIAL ORDER. The fixed-time term deposit may be terminated earlier in advance under the order of a competent authority. In the event that the order only affects only part of the deposit, it may be maintained over the sum not affected by the order, in the same terms and conditions as it was agreed at the time of opening, provided thatprovided, in accordance with the The standards required by THE BANK, such sum is sufficient to qualify as a fixed-time term deposit. Otherwise, the entire deposit shall will terminate earlierin advance, from the moment the order is received, and the unaffected sum shall will be deposited into a savings account at the rate established to date by THE BANK for this type of accounts. In the absence of a savings account, the unaffected non-affected sum shall must be delivered through a cashier’s management check to the deposit holders.