Common use of NOTIFICATION OF CHANGES IN THE CLIENT’S CONDITION Clause in Contracts

NOTIFICATION OF CHANGES IN THE CLIENT’S CONDITION. 34.1. The Client will notify BCR, on his own expense, in writing within at most 5 (five) calendar days since the occurrence of any change related to his condition or to any information and/or documents previously made available to BCR and will supply BCR the documents confirming the respective change and any other information requested by BCR, in the requested form. The notification obligation is applied to: (a) any change regarding the Client’s identity or identification or of his Proxies, Signature Specimen or the granted mandates; (b) any change of any date or information supplied to BCR about any Convention or Banking transaction, including related to co-debtors, fidejussors, guarantors or any other person who is part of or whom the Contractual Documentation makes reference to; (c) any fact or change which might affect the Banking Transactions or the performance of Banking Services; (d) any change or event which can be regarded as unfavorably affecting the Client’s capacity to meet his obligations to BCR, resulting from or related to the Contractual Documentation; and (e) any fact which might determine the Client, his proxies or co-payers (co-debtors) and guarantors considered as Client with the capacity of BCR affiliated party. If the Client has not received a request from BCR on a shorter term and there are no changes to information in item (a) within 3 (three) years from the last update, the Client undertakes to contact BCR from his/her own initiative to confirm the respective information. In case the Client does not execute this obligation, BCR has the right to refuse to provide any Banking Service or to execute any operation. 34.2. Any such change will become opposable to BCR as of the first Working Day following the day in which BCR received a validly transmitted Notification in this sense.