Common use of Limitation of Bank's Liability Clause in Contracts

Limitation of Bank's Liability. The Bank shall not be liable to the Card Holder or to any third party, for any loss or damage suffered due to the following reasons: a) Any action carried out by the Bank, in good faith, based upon the instructions of the Card Holder, exercising due diligence and reasonable care; b) Any unauthorized and illegal Transactions occurring through the use of Bank Account(s), which can be attributed to the fraudulent or negligent conduct of the Card Holder, to the extent permitted by law; c) Any ATM or Merchant Establishment refusal to honor the Card, for whatever reason; d) Intrusion or hacking into the computer system/network or communication network of the Bank, to the extent permitted by law; e) Failure to carry out any instructions of the Card Holder due to insufficiency of balance in the Card Holder’s Account(s) or if the card Holder’s funds are subject to legal process or other restriction; f) Failure of the Card Holder to access the Account due to any Force Majeure Event, Technical Problems, or any other reason beyond the control of the Bank; g) Failure of the Card Holder to keep confidential and secure, PIN or any passwords, keywords or other identification marks given to the Card Holder for operating of the Account and/or Card; h) Failure of the Card Holder to inform the Bank regarding any changes in the Card Holder’s personal information; i) Breach of any of the other terms and conditions stated herein or in the Customer Manual by the Card Holder; j) Non-debiting of Transaction amount instantly through ATM or Merchant Transactions; k) Under no circumstances shall the Bank be liable for any damages, whatsoever whether such damages are direct, indirect, incidental, consequential and irrespective of whether any claim is based on loss of revenue, investment, production, goodwill, profit, interruption of business or any other loss of any character of nature whatsoever and whether sustained by the Card Holder or any other third party.

Limitation of Bank's Liability. The Bank shall not be liable to the Card Holder or to any third party, for any loss or damage suffered due to the following reasons: a) 20.1 Any action carried out by the Bank, in good faith, based upon the instructions of the Card Holder, exercising due diligence and reasonable care; b) 20.2 Any unauthorized and illegal Transactions occurring through the use of Bank Account(s), which can be attributed to the fraudulent or negligent conduct of the Card Holder, to the extent permitted by law; c) 20.3 Any ATM or Merchant Establishment refusal to honor the Card, for whatever reason; d) 20.4 Intrusion or hacking into the computer system/network or communication network of the Bank, to the extent permitted by law; e) 20.5 Failure to carry out any instructions of the Card Holder due to insufficiency of balance in the Card Holder’s Holder‟s Account(s) or if the card Holder’s holder‟s funds are subject to legal process or other restriction; f) 20.6 Failure of the Card Holder to access the Account due to any Force Majeure Event, Technical Problems, or any other reason beyond the control of the Bank; g) 20.7 Failure of the Card Holder to keep confidential and secure, PIN or any passwords, keywords or other identification marks given to the Card Holder for operating of the Account and/or Card; h) 20.8 Failure of the Card Holder to inform the Bank regarding any changes in the Card Holder’s Holder‟s personal information; i) 20.9 Breach of any of the other terms and conditions stated herein or in the Customer Manual by the Card Holder; j) 20.10 Non-debiting of Transaction amount instantly through ATM or Merchant Transactions; k) 20.11 Under no circumstances shall the Bank be liable for any damages, whatsoever whether such damages are direct, indirect, incidental, consequential and irrespective of whether any claim is based on loss of revenue, investment, production, goodwill, profit, interruption of business or any other loss of any character of nature whatsoever and whether sustained by the Card Holder or any other third party.