Obligations and Rights of the bank Sample Clauses

Obligations and Rights of the bank. 15.3.1 The bank is under obligation: 15.3.1.1 to accept funds and pay the interest accrued thereon in accordance with the terms and conditions of this agreement; 15.3.1.2 upon the expiration of the term of the deposit or in no later than 7 (seven) calendar days from the depositor’s request (according to the type of the deposit), to pay to the depositor all the funds standing to the deposit account, including the accrued interest, such payment to be performed in the same currency as the funds held in the deposit account. 15.3.2 The bank shall have the right: 15.3.2.1 to use, freely, on his/her own behalf and in its sole discretion, the funds standing to the credit of the deposit account; 15.3.2.2 to withhold and transfer to the state budget income tax payments (if any) on the amounts payable to the depositor in accordance with the applicable rules, in the amount and within the periods as determined by the laws of Georgia 15.3.2.3 in case there exists a matured obligation of the depositor arising by operation of law or of any agreement with the bank, to cover such obligations from the depositor’s any deposit account and/or to terminate the deposit agreement without further consent or authorization of the depositor. 15.3.2.4 Open settlement (current, card, sales or any similar) account and/or checking account for the customer in any currency without latter’s additional approval if it turns out that the customer does not have such account and/or there is a necessity of opening it additionally (in this case this agreement and/or any application signed by the customer to join this agreement shall be deemed as customer’s request to open settlement (current, card, sales or any similar) account and/or checking account). 15.3.2.5 Amount placed at the settlement (current, card, sales or any similar) and/or checking account for opening it and/or the amount that is paid in and/or transferred to the mentioned account for the purpose of supplementing it shall be transmitted automatically (without prior consent of the customer) to the savings (deposit) account of the customer and/or the savings (deposit) account of any person indicated in the payment/transfer bill; 15.3.2.6 Transmit the sums received for transferring them to the customer’s time deposit account (in case the deposit account number is indicated in the bill of transfer) to the customer’s current (settlement and/or checking) account first and then retransmit them to the savings account of the customer under th...
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Obligations and Rights of the bank. 15.3.1 The bank is under obligation: 15.3.1. 1to accept funds and pay the interest accrued thereon in accordance with the terms and conditions of this agreement;
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Obligations and Rights of the bank. The bank is under obligation:
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Obligations and Rights of the bank. 14.3.1 The bank is under obligation: 14.3.1. 1to accept funds andpay the interest accrued thereon in accordance with the terms and conditions of this agreement; 14.3.1. 2upon the expiration of the term of the deposit or in no later than 7 (seven) calendar days from the depositor’s request (accoto rpady itonthge detpoositortalhl thee futndys pstaendinog f the to the deposit account, including the accrued interest, such payment to be performed in the same currency as the funds held in the deposit account. 14.3.2 The bank shall have the right:
Sample 1
Obligations and Rights of the bank. 15.3.1 The bank is under obligation: 15.3.1.1. to accept funds and pay the interest accrued thereon in accordance with the terms and conditions of this agreement; 15.3.1.2. upon the expiration of the term of the deposit or in no later than 7 (seven) caleŶĚĂƌ ĚĂLJƐ ĨƌŽŵ ƚŚĞ ĚĞƉŽƐŝƚŽƌ͛Ɛ the type of the deposit), to pay to the depositor all the funds standing to the deposit account, including the accrued interest, such payment to be performed in the same currency as the funds held in the deposit account. 15.3.2 The bank shall have the right: 15.3.2.1 to use, freely, on its own behalf and in its sole discretion, the funds standing to the credit of the deposit account; 15.3.2.2 to withhold and transfer to the state budget profit tax payments (if any) on the amounts payable to the depositor in accordance with the applicable rules, in the amount and within the periods as determined by the laws of Georgia. 15.3.2.3 in case there exists a matured obligation of the depositor towards the bank arising by operation of law or of any agreement with the ďĂŶŬ͕ ƚŽ ĐŽǀĞƌ ƐƵĐŚ ŽďůŝŐĂƚŝŽŶƐ ĨƌŽŵ ƚŚĞ ĚĞƉŽƐŝƚŽƌ͛Ɛ uĂt ŶLJ ĚĞƉŽƐ further consent or authorization of the depositor.
Sample 1
Obligations and Rights of the bank. 5.1. The Bank hereby agrees, according to the provisions and procedure prescribed by this Agreement and the Conditions of Provision of Payment Services of the Bank: 5.1.1. To open for the Customer, for an unlimited term, the Account to be managed by right of trust; 5.1.2. To execute the Customer’s orders regarding the funds available in the Account and execute other banking operations permitted to the Bank, for which the rates of the Bank’s services and operations as approved and published (on the Bank’s internet website at xxx.xxxx.xxxx and the Bank’s customer service centres) by the Bank shall be charged. The Bank shall not accept and shall not execute the Customer’s orders to execute operations in the Account, if the Customer’s right to dispose of the funds available in the Account has been restricted as well as when the payment operations executed by the Bank are suspended in cases and according to the procedure prescribed by legal acts; 5.1.3. To ensure the confidentiality of the Customer, the Account and all the payment operations relating to the Account, except in cases provided for by law. The Bank shall only provide information about the status of the Account and the payment operations relating to the Account to the Customer or the Customer’s authorised representative. Information about the Customer and the Account may only be provided to other parties without the Customer’s consent according to the procedure and in cases prescribed by laws and/or this Agreement; 5.1.4. To fulfil the other obligations envisaged in the Conditions of Provision of Payment Services of the Bank. 5.2. In order to manage risks and implement the restrictions on the disposal of funds as envisaged in legal acts, the Bank may set the minimum amount of the financial collateral for the Customer. The Parties shall agree on the amount of the financial collateral by signing a separate arrangement to this Agreement. 5.3. Should the Customer fail to timely provide or refuse to provide the information and/ or documents specified in clauses 2.4, 3.3.1, 7.5 - 7.7 and 7.9 - 7.10 of this Agreement and any other information and/or documents requested by the Bank, the Bank shall be entitled to refuse to provide the payment services of the Bank (including suspension of payment operations in the Customer’s account) or perform other actions relating to the provision of payment services of the Bank.
Sample 1

Related to Obligations and Rights of the bank

  • Obligations of the Company Whenever required under this Section 2 to effect the registration of any Registrable Securities, the Company shall, as expeditiously as reasonably possible: (a) prepare and file with the SEC a registration statement with respect to such Registrable Securities and use its commercially reasonable efforts to cause such registration statement to become effective and, upon the request of the Holders of a majority of the Registrable Securities registered thereunder, keep such registration statement effective for a period of up to one hundred twenty (120) days or, if earlier, until the distribution contemplated in the registration statement has been completed; provided, however, that (i) such one hundred twenty (120) day period shall be extended for a period of time equal to the period the Holder refrains, at the request of an underwriter of Common Stock (or other securities) of the Company, from selling any securities included in such registration, and (ii) in the case of any registration of Registrable Securities on Form S-3 that are intended to be offered on a continuous or delayed basis, subject to compliance with applicable SEC rules, such one hundred twenty (120) day period shall be extended for up to sixty (60) days, if necessary, to keep the registration statement effective until all such Registrable Securities are sold; (b) prepare and file with the SEC such amendments and supplements to such registration statement, and the prospectus used in connection with such registration statement, as may be necessary to comply with the Securities Act in order to enable the disposition of all securities covered by such registration statement; (c) furnish to the selling Holders such numbers of copies of a prospectus, including a preliminary prospectus, as required by the Securities Act, and such other documents as the Holders may reasonably request in order to facilitate their disposition of their Registrable Securities; (d) use its commercially reasonable efforts to register and qualify the securities covered by such registration statement under such other securities or blue-sky laws of such jurisdictions as shall be reasonably requested by the selling Holders; provided that the Company shall not be required to qualify to do business or to file a general consent to service of process in any such states or jurisdictions, unless the Company is already subject to service in such jurisdiction and except as may be required by the Securities Act; (e) in the event of any underwritten public offering, enter into and perform its obligations under an underwriting agreement, in usual and customary form, with the underwriter(s) of such offering; (f) use its commercially reasonable efforts to cause all such Registrable Securities covered by such registration statement to be listed on a national securities exchange or trading system and each securities exchange and trading system (if any) on which similar securities issued by the Company are then listed; (g) provide a transfer agent and registrar for all Registrable Securities registered pursuant to this Agreement and provide a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration; (h) promptly make available for inspection by the selling Holders, any managing underwriter(s) participating in any disposition pursuant to such registration statement, and any attorney or accountant or other agent retained by any such underwriter or selected by the selling Holders, all financial and other records, pertinent corporate documents, and properties of the Company, and cause the Company’s officers, directors, employees, and independent accountants to supply all information reasonably requested by any such seller, underwriter, attorney, accountant, or agent, in each case, as necessary or advisable to verify the accuracy of the information in such registration statement and to conduct appropriate due diligence in connection therewith; (i) notify each selling Holder, promptly after the Company receives notice thereof, of the time when such registration statement has been declared effective or a supplement to any prospectus forming a part of such registration statement has been filed; and (j) after such registration statement becomes effective, notify each selling Holder of any request by the SEC that the Company amend or supplement such registration statement or prospectus. In addition, the Company shall ensure that, at all times after any registration statement covering a public offering of securities of the Company under the Securities Act shall have become effective, its xxxxxxx xxxxxxx policy shall provide that the Company’s directors may implement a trading program under Rule 10b5-1 of the Exchange Act.

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