Common use of Methods Clause in Contracts

Methods. Unless otherwise provided herein, all payments to be made by the Bank to the Depositor or the Depositor's assignee or endorsee, as appropriate, with respect to any account shall be made on the maturity date of the deposit, or for demand deposits, on demand, at the Bank's office in Taipei or to an account of the Depositor with the Bank as designated by the Depositor. Any payment from the Bank to the Depositor shall be payable only in the currency in which it is due and shall be subject to all applicable laws, regulations, rules, customs and usages (including without limitation, any foreign exchange restrictions or controls) and the sovereign risk of the country of such currency. Without prejudice to the foregoing, to the extent permitted by laws and regulations, any payment obligation of the Bank may be discharged by drawing a check or bank draft or other instrument on a branch or a correspondent bank of the Bank or a bank nominated by the Depositor in the country of the currency and the Bank shall in no circumstances by required to discharge such payment obligations by making delivery of cash.

Methods. Unless otherwise provided herein, all payments to be made by the Bank to the Depositor or the Depositor's assignee or endorsee, as appropriate, with respect to any account shall be made on the maturity date of the deposit, or for demand deposits, on demand, at the Bank's office in Taipei or to an account of the Depositor with the Bank as designated by the Depositor. Any payment from the Bank to the Depositor shall be payable only in the currency in which it is due and shall be subject to all applicable laws, regulations, rules, customs and usages (including without limitation, any foreign exchange restrictions or controls) and the sovereign risk of the country of such currency. Without prejudice to the foregoing, to the extent permitted by laws and regulations, any payment obligation of the Bank may be discharged by drawing a check cheque or bank draft or other instrument on a branch or a correspondent bank of the Bank or a bank nominated by the Depositor in the country of the currency and the Bank shall in no circumstances by required to discharge such payment obligations by making delivery of cash.