OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation: 5.1.1 to notify the bank promptly of any change and amendment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents to the notification. Prior to the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the bank; 5.1.2 to promptly notify the bank in writing or through the internet-banking or contacting the Call Center of the bank (to the following number: +99532 272727) of any change as to the address, phone number, e-mail address and/or other contact information; 5.1.3 upon opening of each new account to supply to the bank the documents required thereby in accordance with the client’s tax/entrepreneurial standing; 5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not be entitled to use the account for entrepreneurial purposes; 5.1.5 upon the bank’s request immediately to present and supply the bank with any and all documents and information related to banking operations; 5.1.6 to comply with the conditions of this agreement; 5.1.7 to comply with the procedures described in the sources disseminated by the bank; 5.1.8 to pay the commission fees on time; 5.1.9 to sign and submit to the bank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder; 5.1.10 Fully reimburse any and all costs related to conclusion, attestation, registration, execution andcancelation of this agreement and any other agreement signed within the scope hereof and/orthe costs incurred by the bank due to the client’s default on obligations assumed by this agreement (including the client notification costs). 5.2 The bank shall be under obligation: 5.2.1 to provide the client with information on the status of the client’s account upon its request; 5.2.2 to perform the client’s instruction according to this agreement and relevant legislation; 5.2.3 to observe the conditions of this agreement. 5.3 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of goods or service that are prohibited under the laws of Georgia. 5.4 The bank is not obliged to provide client with information on changes (including changes related to the beneficial or indexed interest rates);
Appears in 5 contracts
Samples: Banking Operations Agreement, Banking Operations Agreement, Banking Operations Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to notify the bank promptly of any change and amendment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents to the notification. Prior to the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the bank;
5.1.2 to promptly notify the bank in writing or through the internet-banking or contacting the Call Center of the bank (to the following number: +99532 272727) of any change as to the address, phone number, e-e- mail address and/or other contact information;
5.1.3 upon opening of each new account to supply to the bank the documents required thereby in accordance with the client’s tax/entrepreneurial standing;
5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not be entitled to use the account for entrepreneurial purposes;
5.1.5 upon the bank’s request immediately to present and supply the bank with any and all documents and information related to banking operations;
5.1.6 to comply with the conditions of this agreement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse any and all costs related to conclusion, attestation, registration, execution andcancelation of this agreement and any other agreement signed within the scope hereof and/orthe costs incurred by the bank due to the client’s default on obligations assumed by this agreement (including the client notification costs).
5.2 The Client is aware of the possible consequences of providing false, imprecise, incomplete and/or unconfirmed information
5.3 The bank shall be under obligation:
5.2.1 5.3.1 to provide the client with information on the status of the client’s account upon its request;
5.2.2 5.3.2 to perform the client’s instruction according to this agreement and relevant legislation;
5.2.3 5.3.3 to observe the conditions of this agreement.
5.3 5.4 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of goods or service that are prohibited under the laws of Georgia.
5.4 5.5 The bank is not obliged to provide client with information on changes (including changes related to the beneficial or indexed interest rates);
5.6 By signing an application on opening an account/ confirming an SMS message the Client confirms that the information provided therein is true and correct, and fully expresses the account/card holder’s will
5.7 By signing an application on opening an account/ confirming an SMS message, the Client agrees that the Bank will open a current (payment) and/or call deposit account (in any currency) for transferring money to/from the deposit account an/or for the purpose of credit repayment. This means that by signing an application on opening an account/ confirming an SMS message, the Client agrees to all terms and conditions related to the account in question, including standard tariffs
5.8 Policy for the prevention of tax evasion
5.8.1 Parties declare and guarantee that:
5.8.1.1. Each of them as well as their related persons shall conduct their activities in good faith and lawful conduct, observing high standards of ethics. Parties have zero tolerance policy towards corruption, tax fraud, facilitation of tax evasion in any form and any other kind of criminal acts and keep the above-mentioned issues under permanent control.
5.8.1.2. Parties, as well as persons connected to them: authorized persons, representatives, shall not participate in any activities, which may facilitate of (direct or indirect) corruption, tax fraud and tax evasion in any form.
5.8.1.3. None of them or their Associated Persons have been found guilty and/or accused in corruption, tax fraud and facilitation of tax evasion cases.
5.8.1.4. A breach of any provision of the above Policy may lead to the termination of both this contract and any previous agreement between the Parties. However, such termination does not relieve the infringing party and/or member of its authorized person, representative, , of the liability and the corresponding sanctions, as provided by the legislation (Including potential criminal responsibility). In addition, the Parties confirm that a Party shall not be liable for an action of an authorized person, or an associated person, if the person was not acting on behalf and by order of the Party.
5.8.1.5. These representations and warranties shall remain in force until the Parties to this Agreement duly and timely fulfill the provisions of this Agreement and/or all other agreement(s) previously concluded by the Parties, in spite of full or partial termination of such agreement(s).
5.8.1.6. Any party shall immediately inform the other side of the circumstance(s), which may result in a contradiction and/or violation of these guarantees, as well as the occurrence of any events or circumstances that may endanger due full and due fulfillment of the obligations under the Agreement(s).
Appears in 4 contracts
Samples: Banking Operations Agreement, Banking Operations Agreement, Banking Operations Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to notify the bank promptly of any change and amendment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents to the notification. Prior to the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the bankbank(Except for the remote account(s) according to subparagraph 1.4.1 of the Agreement, in which case providing or submission of documents by the Client to open the account is not mandatory);
5.1.2 to promptly notify the bank in writing or through the internet-banking or contacting the Call Center of the bank (to the following number: +99532 272727) of any change as to the address, phone number, e-e- mail address and/or other contact information;
5.1.3 upon opening of each new account to supply to the bank the documents required thereby in accordance with the client’s tax/entrepreneurial standing;
5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not be entitled to use the account for entrepreneurial purposes;
5.1.5 upon the bank’s request immediately to present and supply the bank with any and all signed originals or duly certified copies of documents and information (invoice, agreement, letter, etc.) related to banking operationsthe client and performed operations by the client. The client shall be responsible for authenticity, accuracy and validity of the documents so presented and supplied;
5.1.6 to comply with the conditions of this agreement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse to fully compensate for all and any and all costs expenses incurred by the bank (including ones related to sending notification to the customer) related to conclusion, attestation, registration, execution andcancelation performance and cancellation of this agreement and any other agreement signed formed within it and/or any expenses because of the scope hereof and/orthe costs incurred by breach of the bank due to the client’s default on obligations assumed by this agreement (including the client notification costs)undertaken obligation.
5.2 The the bank shall be under obligation:
5.2.1 to provide the client with information on the status of the client’s account upon its request;
5.2.2 to perform the client’s instruction according to this agreement and relevant legislation;
5.2.3 to observe the conditions of this agreement.
5.3 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of goods or service that are prohibited under the laws of Georgia.
5.4 The bank is not obliged to provide client with information on changes (including changes related to the beneficial or indexed interest rates);
5.5 Policy for the prevention of tax evasion
5.5.1 Parties declare and guarantee that:
5.5.1.1 Each of them as well as their subsidiaries, parent companies, and related persons shall conduct their activities and business relationships in good faith and lawful conduct, observing high standards of ethics. Parties have zero tolerance policy towards corruption, tax fraud, facilitation of tax evasion in any form and any other kind of criminal acts and keep the above-mentioned issues under permanent control.
5.5.1.2 Parties, as well as persons connected to them: members of the senior management, authorized persons, representatives, employees or other staff of their subsidiaries or parent companies shall not participate in any activities, which may facilitate of (direct or indirect) corruption, tax fraud and tax evasion in any form.
5.5.1.3 None of them or their Associated Persons have been found guilty and/or accused in corruption, tax fraud and facilitation of tax evasion cases.
5.5.1.4 A breach of any provision of the above Policy may lead to the termination of both this contract and any previous agreement between the Parties. However, such termination does not relieve the infringing party and/or member of its senior management, authorized person, representative, employee or other staff or associated person, of the liability and the corresponding sanctions, as provided by the legislation (Including potential criminal responsibility). In addition, the Parties confirm that a Party shall not be liable for an action of a member of the senior management, authorized person, other personnel or an associated person and/or associated company, if the person was not acting on behalf and by order of the Party.
5.5.1.5 These representations and warranties shall remain in force until the Parties to this Agreement duly and timely fulfill the provisions of this Agreement and/or all other agreement(s) previously concluded by the Parties, in spite of full or partial termination of such agreement(s).
5.5.1.6 Any party shall immediately inform the other side of the circumstance(s), which may result in a contradiction and/or violation of these guarantees, as well as the occurrence of any events or circumstances that may endanger due full and due fulfillment of the obligations under the Agreement(s). Depending on the seriousness of violations of the above guarantees, the Bank has the right to demand that the contracting Party provide its statements and records.
Appears in 4 contracts
Samples: Banking Transactions Agreement, Banking Transactions Agreement, Banking Transactions Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to notify the bank promptly of any change and amendment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents to the notification. Prior to the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the bank;
5.1.2 to promptly notify the bank in writing or through the internet-banking or contacting the Call Center of the bank through the telephone code (to the following number: +99532 272727) of any change as to the address, phone number, e-mail address and/or other contact information;
5.1.3 upon opening of each new account to supply to the bank the documents required thereby in accordance with the client’s tax/entrepreneurial standing;
5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not be entitled to use the account for entrepreneurial purposes;
5.1.5 upon the bank’s request immediately to present and supply the bank with any and all signed originals or duly certified copies of documents and information (invoice, agreement, letter, etc.) related to banking operationsthe performed operations by the client. The client shall be responsible for authenticity, accuracy and validity of the documents so presented and supplied;
5.1.6 to comply with the observe conditions of this agreement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse any and all costs related to conclusion, attestation, registration, execution andcancelation of this agreement and any other agreement signed within the scope hereof and/orthe costs incurred by the bank due to the client’s default on obligations assumed by this agreement (including the client notification costs).
5.2 The the bank shall be under obligation:
5.2.1 to provide the client with information on the status of the client’s account upon its request;
5.2.2 to perform the client’s instruction according to this agreement and relevant legislation;
5.2.3 to observe the conditions of this agreement.
5.3 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of goods or service that are prohibited under the laws of Georgia.
5.4 The the bank is not obliged to provide client with information on changes (including changes related to the beneficial or indexed interest rates);
Appears in 4 contracts
Samples: Banking Operations Agreement, Banking Operations Agreement, Banking Operations Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to notify the bank promptly of any change and amendment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents to the notification. Prior to the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the bank;
5.1.2 to promptly notify the bank in writing or through the internet-banking or contacting the Call Center of the bank (to the following number: +99532 272727) of any change as to the address, phone number, e-e- mail address and/or other contact information;
5.1.3 upon opening of each new account to supply to the bank the documents required thereby in accordance with the client’s tax/entrepreneurial standing;
5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not be entitled to use the account for entrepreneurial purposes;
5.1.5 upon If requested by the bank’s request Bank, immediately supply/present/transfer to present the Bank the information related to the client and supply the bank with banking transactions performed by the latter, a signed original of any and all documents (invoice, agreement, letter and/or etc.) or a properly certified copy thereof (the client shall be held responsible for the authenticity, accuracy and information related to banking operationslegality of the information/document(s));
5.1.6 to comply with the conditions of this agreement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse any and all costs related to conclusion, attestation, registration, execution andcancelation of this agreement and any other agreement signed within the scope hereof and/orthe costs incurred by the bank due to the client’s default on obligations assumed by this agreement (including the client notification costs).
5.2 The Client is aware of the possible consequences of providing false, imprecise, incomplete and/or unconfirmed information
5.3 The bank shall be under obligation:
5.2.1 5.3.1 to provide the client with information on the status of the client’s account upon its request;
5.2.2 5.3.2 to perform the client’s instruction according to this agreement and relevant legislation;
5.2.3 5.3.3 to observe the conditions of this agreement.
5.3 5.4 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of goods or service that are prohibited under the laws of Georgia.
5.4 5.5 The bank is not obliged to provide client with information on changes (including changes related to the beneficial or indexed interest rates);
5.6 By signing an application on opening an account/ confirming an SMS message the Client confirms that the information provided therein is true and correct, and fully expresses the account/card holder’s will
5.7 By signing an application on opening an account/ confirming an SMS message, the Client agrees that the Bank will open a current (payment) and/or call deposit account (in any currency) for transferring money to/from the deposit account an/or for the purpose of credit repayment. This means that by signing an application on opening an account/ confirming an SMS message, the Client agrees to all terms and conditions related to the account in question, including standard tariffs
5.8 Policy for the prevention of tax evasion
5.8.1 Parties declare and guarantee that:
5.8.1.1. Each of them as well as their related persons shall conduct their activities in good faith and lawful conduct, observing high standards of ethics. Parties have zero tolerance policy towards corruption, tax fraud, facilitation of tax evasion in any form and any other kind of criminal acts and keep the above-mentioned issues under permanent control.
5.8.1.2. Parties, as well as persons connected to them: authorized persons, representatives, shall not participate in any activities, which may facilitate of (direct or indirect) corruption, tax fraud and tax evasion in any form.
5.8.1.3. None of them or their Associated Persons have been found guilty and/or accused in corruption, tax fraud and facilitation of tax evasion cases.
5.8.1.4. A breach of any provision of the above Policy may lead to the termination of both this contract and any previous agreement between the Parties. However, such termination does not relieve the infringing party and/or member of its authorized person, representative, , of the liability and the corresponding sanctions, as provided by the legislation (Including potential criminal responsibility). In addition, the Parties confirm that a Party shall not be liable for an action of an authorized person, or an associated person, if the person was not acting on behalf and by order of the Party.
5.8.1.5. These representations and warranties shall remain in force until the Parties to this Agreement duly and timely fulfill the provisions of this Agreement and/or all other agreement(s) previously concluded by the Parties, in spite of full or partial termination of such agreement(s).
5.8.1.6. Any party shall immediately inform the other side of the circumstance(s), which may result in a contradiction and/or violation of these guarantees, as well as the occurrence of any events or circumstances that may endanger due full and due fulfillment of the obligations under the Agreement(s).
Appears in 3 contracts
Samples: Banking Operations Agreement, Banking Operations Agreement, Banking Operations Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to notify the bank promptly of any change and amendment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents to the notification. Prior to the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the bank;
5.1.2 to promptly notify the bank in writing or through the internet-banking or contacting the Call Center of the bank (to the following number: +99532 272727) of any change as to the address, phone number, e-mail address and/or other contact information;
5.1.3 upon opening of each new account to supply to the bank the documents required thereby in accordance with the client’s tax/entrepreneurial standing;
5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not be entitled to use the account for entrepreneurial purposes;
5.1.5 upon the bank’s request immediately to present and supply the bank with any and all documents and information related to banking operations;
5.1.6 to comply with the conditions of this agreement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse any and all costs related to conclusion, attestation, registration, execution andcancelation of this agreement and any other agreement signed within the scope hereof and/orthe costs incurred by the bank due to the client’s default on obligations assumed by this agreement (including the client notification costs).
5.2 The Client is aware of the possible consequences of providing false, imprecise, incomplete and/or unconfirmed information
5.3 The bank shall be under obligation:
5.2.1 5.3.1 to provide the client with information on the status of the client’s account upon its request;
5.2.2 5.3.2 to perform the client’s instruction according to this agreement and relevant legislation;
5.2.3 5.3.3 to observe the conditions of this agreement.
5.3 5.4 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of goods or service that are prohibited under the laws of Georgia.
5.4 5.5 The bank is not obliged to provide client with information on changes (including changes related to the beneficial or indexed interest rates);
5.6 By signing an application on opening an account/ confirming an SMS message the Client confirms that the information provided therein is true and correct, and fully expresses the account/card holder’s will
5.7 By signing an application on opening an account/ confirming an SMS message, the Client agrees that the Bank will open a current (payment) and/or call deposit account (in any currency) for transferring money to/from the deposit account an/or for the purpose of credit repayment. This means that by signing an application on opening an account/ confirming an SMS message, the Client agrees to all terms and conditions related to the account in question, including standard tariffs
5.8 Policy for the prevention of tax evasion
5.8.1 Parties declare and guarantee that:
5.8.1.1. Each of them as well as their related persons shall conduct their activities in good faith and lawful conduct, observing high standards of ethics. Parties have zero tolerance policy towards corruption, tax fraud, facilitation of tax evasion in any form and any other kind of criminal acts and keep the above-mentioned issues under permanent control.
5.8.1.2. Parties, as well as persons connected to them: authorized persons, representatives, shall not participate in any activities, which may facilitate of (direct or indirect) corruption, tax fraud and tax evasion in any form.
5.8.1.3. None of them or their Associated Persons have been found guilty and/or accused in corruption, tax fraud and facilitation of tax evasion cases.
5.8.1.4. A breach of any provision of the above Policy may lead to the termination of both this contract and any previous agreement between the Parties. However, such termination does not relieve the infringing party and/or member of its authorized person, representative, , of the liability and the corresponding sanctions, as provided by the legislation (Including potential criminal responsibility). In addition, the Parties confirm that a Party shall not be liable for an action of an authorized person, or an associated person, if the person was not acting on behalf and by order of the Party.
5.8.1.5. These representations and warranties shall remain in force until the Parties to this Agreement duly and timely fulfill the provisions of this Agreement and/or all other agreement(s) previously concluded by the Parties, in spite of full or partial termination of such agreement(s).
5.8.1.6. Any party shall immediately inform the other side of the circumstance(s), which may result in a contradiction and/or violation of these guarantees, as well as the occurrence of any events or circumstances that may endanger due full and due fulfillment of the obligations under the Agreement(s).
Appears in 3 contracts
Samples: Banking Operations Agreement, Banking Operations Agreement, Banking Operations Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to notify the bank promptly of any change and amendment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents to the notification. Prior to the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the bankbank(Except for the remote account(s) according to subparagraph 1.4.1 of the Agreement, in which case providing or submission of documents by the Client to open the account is not mandatory);
5.1.2 to promptly notify the bank in writing or through the internet-banking or contacting the Call Center of the bank (to the following number: +99532 272727) of any change as to the address, phone number, e-e- mail address and/or other contact information;
5.1.3 upon opening of each new account to supply to the bank the documents required thereby in accordance with the client’s tax/entrepreneurial standing;
5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not be entitled to use the account for entrepreneurial purposes;
5.1.5 upon the bank’s request immediately to present and supply the bank with any and all signed originals or duly certified copies of documents and information (invoice, agreement, letter, etc.) related to banking operationsthe client and performed operations by the client. The client shall be responsible for authenticity, accuracy and validity of the documents so presented and supplied;
5.1.6 to comply with the conditions of this agreement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse to fully compensate for all and any and all costs expenses incurred by the bank (including ones related to sending notification to the customer) related to conclusion, attestation, registration, execution andcancelation performance and cancellation of this agreement and any other agreement signed formed within it and/or any expenses because of the scope hereof and/orthe costs incurred by breach of the bank due undertaken obligation.
5.1.11 To act according to the clientrules under the Bank’s default on obligations assumed by this agreement Employee Discrimination, Violence and Harassment Policy (including xxxxx://xxx.xxxxxxx.xx/web/en/web/guest/employee-protection-policy) in relations with the client notification costs)Bank.
5.2 The the bank shall be under obligation:
5.2.1 to provide the client with information on the status of the client’s account upon its request;
5.2.2 to perform the client’s instruction according to this agreement and relevant legislation;
5.2.3 to observe the conditions of this agreement.
5.3 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of goods or service that are prohibited under the laws of Georgia.
5.4 The bank is Bank does not obliged have the obligation to provide client the Client with information on changes that is beneficial for the Client.
5.5 Policy for the prevention of tax evasion
5.5.1 Parties declare and guarantee that:
5.5.1.1 Each of them as well as their subsidiaries, parent companies, and related persons shall conduct their activities and business relationships in good faith and lawful conduct, observing high standards of ethics. Parties have zero tolerance policy towards corruption, tax fraud, facilitation of tax evasion in any form and any other kind of criminal acts and keep the above-mentioned issues under permanent control.
5.5.1.2 Parties, as well as persons connected to them: members of the senior management, authorized persons, representatives, employees or other staff of their subsidiaries or parent companies shall not participate in any activities, which may facilitate of (including changes related direct or indirect) corruption, tax fraud and tax evasion in any form.
5.5.1.3 None of them or their Associated Persons have been found guilty and/or accused in corruption, tax fraud and facilitation of tax evasion cases.
5.5.1.4 A breach of any provision of the above Policy may lead to the beneficial termination of both this contract and any previous agreement between the Parties. However, such termination does not relieve the infringing party and/or member of its senior management, authorized person, representative, employee or indexed interest ratesother staff or associated person, of the liability and the corresponding sanctions, as provided by the legislation (Including potential criminal responsibility);. In addition, the Parties confirm that a Party shall not be liable for an action of a member of the senior management, authorized person, other personnel or an associated person and/or associated company, if the person was not acting on behalf and by order of the Party.
5.5.1.5 These representations and warranties shall remain in force until the Parties to this Agreement duly and timely fulfill the provisions of this Agreement and/or all other agreement(s) previously concluded by the Parties, in spite of full or partial termination of such agreement(s).
5.6 Any party shall immediately inform the other side of the circumstance(s), which may result in a contradiction and/or violation of these guarantees, as well as the occurrence of any events or circumstances that may endanger due full and due fulfillment of the obligations under the Agreement(s). Depending on the seriousness of violations of the above guarantees, the Bank has the right to demand that the contracting Party provide its statements and records.
Appears in 3 contracts
Samples: Banking Transactions Agreement, Banking Transactions Agreement, Banking Transactions Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to notify the bank promptly of any change and amendment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents to the notification. Prior to the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the bankbank(Except for the remote account(s) according to subparagraph 1.4.1 of the Agreement, in which case providing or submission of documents by the Client to open the account is not mandatory);
5.1.2 to promptly notify the bank in writing or through the internet-banking or contacting the Call Center of the bank (to the following number: +99532 272727) of any change as to the address, phone number, e-mail address and/or other contact information;
5.1.3 upon opening of each new account to supply to the bank the documents required thereby in accordance with the client’s tax/entrepreneurial standing;
5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not be entitled to use the account for entrepreneurial purposes;
5.1.5 upon the bank’s request immediately to present and supply the bank with any and all signed originals or duly certified copies of documents and information (invoice, agreement, letter, etc.) related to banking operationsthe client and performed operations by the client. The client shall be responsible for authenticity, accuracy and validity of the documents so presented and supplied;
5.1.6 to comply with the conditions of this agreement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse to fully compensate for all and any and all costs expenses incurred by the bank (including ones related to sending notification to the customer) related to conclusion, attestation, registration, execution andcancelation performance and cancellation of this agreement and any other agreement signed formed within it and/or any expenses because of the scope hereof and/orthe costs incurred by breach of the bank due to the client’s default on obligations assumed by this agreement (including the client notification costs)undertaken obligation.
5.2 The the bank shall be under obligation:
5.2.1 to provide the client with information on the status of the client’s account upon its request;
5.2.2 to perform the client’s instruction according to this agreement and relevant legislation;
5.2.3 to observe the conditions of this agreement.
5.3 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of goods or service that are prohibited under the laws of Georgia.
5.4 The bank is not obliged to provide client with information on changes (including changes related to the beneficial or indexed interest rates);
5.5 Policy for the prevention of tax evasion
5.5.1 Parties declare and guarantee that:
5.5.1.1 Each of them as well as their subsidiaries, parent companies, and related persons shall conduct their activities and business relationships in good faith and lawful conduct, observing high standards of ethics. Parties have zero tolerance policy towards corruption, tax fraud, facilitation of tax evasion in any form and any other kind of criminal acts and keep the above-mentioned issues under permanent control.
5.5.1.2 Parties, as well as persons connected to them: members of the senior management, authorized persons, representatives, employees or other staff of their subsidiaries or parent companies shall not participate in any activities, which may facilitate of (direct or indirect) corruption, tax fraud and tax evasion in any form.
5.5.1.3 None of them or their Associated Persons have been found guilty and/or accused in corruption, tax fraud and facilitation of tax evasion cases.
5.5.1.4 A breach of any provision of the above Policy may lead to the termination of both this contract and any previous agreement between the Parties. However, such termination does not relieve the infringing party and/or member of its senior management, authorized person, representative, employee or other staff or associated person, of the liability and the corresponding sanctions, as provided by the legislation (Including potential criminal responsibility). In addition, the Parties confirm that a Party shall not be liable for an action of a member of the senior management, authorized person, other personnel or an associated person and/or associated company, if the person was not acting on behalf and by order of the Party.
5.5.1.5 These representations and warranties shall remain in force until the Parties to this Agreement duly and timely fulfill the provisions of this Agreement and/or all other agreement(s) previously concluded by the Parties, in spite of full or partial termination of such agreement(s).
5.5.1.6 Any party shall immediately inform the other side of the circumstance(s), which may result in a contradiction and/or violation of these guarantees, as well as the occurrence of any events or circumstances that may endanger due full and due fulfillment of the obligations under the Agreement(s). Depending on the seriousness of violations of the above guarantees, the Bank has the right to demand that the contracting Party provide its statements and records.
Appears in 3 contracts
Samples: Banking Operations Agreement, Banking Operations Agreement, Banking Operations Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to notify the bank promptly of any change and amendment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents to the notification. Prior to the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the bank;
5.1.2 to promptly notify the bank in writing or through the internet-banking or contacting the Call Center of the bank (to the following number: +99532 272727) of any change as to the address, phone number, e-mail address and/or other contact information;
5.1.3 upon opening of each new account to supply to the bank the documents required thereby in accordance with the client’s tax/entrepreneurial standing;
5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not be entitled to use the account for entrepreneurial purposes;
5.1.5 upon If requested by the bank’s request Bank, immediately supply/present/transfer to present the Bank the information related to the client and supply the bank with banking transactions performed by the latter, a signed original of any and all documents (invoice, agreement, letter and/or etc.) or a properly certified copy thereof (the client shall be held responsible for the authenticity, accuracy and information related to banking operationslegality of the information/document(s));
5.1.6 to comply with the conditions of this agreement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse any and all costs related to conclusion, attestation, registration, execution andcancelation of this agreement and any other agreement signed within the scope hereof and/orthe costs incurred by the bank due to the client’s default on obligations assumed by this agreement (including the client notification costs).
5.2 The Client is aware of the possible consequences of providing false, imprecise, incomplete and/or unconfirmed information
5.3 The bank shall be under obligation:
5.2.1 5.3.1 to provide the client with information on the status of the client’s account upon its request;
5.2.2 5.3.2 to perform the client’s instruction according to this agreement and relevant legislation;
5.2.3 5.3.3 to observe the conditions of this agreement.
5.3 5.4 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of goods or service that are prohibited under the laws of Georgia.
5.4 5.5 The bank is not obliged to provide client with information on changes (including changes related to the beneficial or indexed interest rates);
5.6 By signing an application on opening an account/ confirming an SMS message the Client confirms that the information provided therein is true and correct, and fully expresses the account/card holder’s will
5.7 By signing an application on opening an account/ confirming an SMS message, the Client agrees that the Bank will open a current (payment) and/or call deposit account (in any currency) for transferring money to/from the deposit account an/or for the purpose of credit repayment. This means that by signing an application on opening an account/ confirming an SMS message, the Client agrees to all terms and conditions related to the account in question, including standard tariffs
5.8 Policy for the prevention of tax evasion
5.8.1 Parties declare and guarantee that:
5.8.1.1. Each of them as well as their related persons shall conduct their activities in good faith and lawful conduct, observing high standards of ethics. Parties have zero tolerance policy towards corruption, tax fraud, facilitation of tax evasion in any form and any other kind of criminal acts and keep the above-mentioned issues under permanent control.
5.8.1.2. Parties, as well as persons connected to them: authorized persons, representatives, shall not participate in any activities, which may facilitate of (direct or indirect) corruption, tax fraud and tax evasion in any form.
5.8.1.3. None of them or their Associated Persons have been found guilty and/or accused in corruption, tax fraud and facilitation of tax evasion cases.
5.8.1.4. A breach of any provision of the above Policy may lead to the termination of both this contract and any previous agreement between the Parties. However, such termination does not relieve the infringing party and/or member of its authorized person, representative, , of the liability and the corresponding sanctions, as provided by the legislation (Including potential criminal responsibility). In addition, the Parties confirm that a Party shall not be liable for an action of an authorized person, or an associated person, if the person was not acting on behalf and by order of the Party.
5.8.1.5. These representations and warranties shall remain in force until the Parties to this Agreement duly and timely fulfill the provisions of this Agreement and/or all other agreement(s) previously concluded by the Parties, in spite of full or partial termination of such agreement(s).
5.8.1.6. Any party shall immediately inform the other side of the circumstance(s), which may result in a contradiction and/or violation of these guarantees, as well as the occurrence of any events or circumstances that may endanger due full and due fulfillment of the obligations under the Agreement(s).
Appears in 3 contracts
Samples: Banking Operations Agreement, Banking Operations Agreement, Banking Operations Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to notify the bank promptly of any change and amendment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents to the notification. Prior to the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the bank;
5.1.2 to promptly notify the bank in writing or through the internet-banking or contacting the Call Center of the bank through the telephone code (to the following number: +99532 272727) of any change as to the address, phone number, e-mail address and/or other contact information;
5.1.3 upon opening of each new account to supply to the bank the documents required thereby in accordance with the client’s tax/entrepreneurial standing;
5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not be entitled to use the account for entrepreneurial purposes;
5.1.5 upon the bank’s request immediately to present and supply the bank with any and all signed originals or duly certified copies of documents and information (invoice, agreement, letter, etc.) related to banking operationsthe performed operations by the client. The client shall be responsible for authenticity, accuracy and validity of the documents so presented and supplied;
5.1.6 to comply with the conditions of this agreement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse to fully compensate for all and any and all costs expenses incurred by the bank (including ones related to sending notification to the customer) related to conclusion, attestation, registration, execution andcancelation performance and cancellation of this agreement and any other agreement signed formed within it and/or any expenses because of the scope hereof and/orthe costs incurred by breach of the bank due to the client’s default on obligations assumed by this agreement (including the client notification costs)undertaken obligation.
5.2 The the bank shall be under obligation:
5.2.1 to provide the client with information on the status of the client’s account upon its request;
5.2.2 to perform the client’s instruction according to this agreement and relevant legislation;
5.2.3 to observe the conditions of this agreement.
5.3 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of goods or service that are prohibited under the laws of Georgia.
5.4 The bank is not obliged to provide client with information on changes (including changes related to the beneficial or indexed interest rates);
Appears in 2 contracts
Samples: Banking Operations Agreement, Banking Operations Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to notify the bank promptly of any change and amendment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents to the notification. Prior to the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the bankbank(Except for the remote account(s) according to subparagraph 1.4.1 of the Agreement, in which case providing or submission of documents by the Client to open the account is not mandatory);
5.1.2 to promptly notify the bank in writing or through the internet-banking or contacting the Call Center of the bank (to the following number: +99532 272727) of any change as to the address, phone number, e-mail address and/or other contact information;
5.1.3 upon opening of each new account to supply to the bank the documents required thereby in accordance with the client’s tax/entrepreneurial standing;
5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not be entitled to use the account for entrepreneurial purposes;
5.1.5 upon the bank’s request immediately to present and supply the bank with any and all signed originals or duly certified copies of documents and information (invoice, agreement, letter, etc.) related to banking operationsthe client and performed operations by the client. The client shall be responsible for authenticity, accuracy and validity of the documents so presented and supplied;
5.1.6 to comply with the conditions of this agreement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse to fully compensate for all and any and all costs expenses incurred by the bank (including ones related to sending notification to the customer) related to conclusion, attestation, registration, execution andcancelation performance and cancellation of this agreement and any other agreement signed formed within it and/or any expenses because of the scope hereof and/orthe costs incurred by breach of the bank due to the client’s default on obligations assumed by this agreement (including the client notification costs)undertaken obligation.
5.2 The the bank shall be under obligation:
5.2.1 to provide the client with information on the status of the client’s account upon its request;
5.2.2 to perform the client’s instruction according to this agreement and relevant legislation;
5.2.3 to observe the conditions of this agreement.
5.3 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of goods or service that are prohibited under the laws of Georgia.
5.4 The bank is not obliged to provide client with information on changes (including changes related to the beneficial or indexed interest rates);
Appears in 2 contracts
Samples: Banking Operations Agreement, Banking Operations Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to notify the bank promptly of any change and amendment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents to the notification. Prior to the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the bank;
5.1.2 to promptly notify the bank in writing or through the internet-banking or contacting the Call Center of the bank (to the following number: +99532 272727) of any change as to the address, phone number, e-mail address and/or other contact information;
5.1.3 upon opening of each new account to supply to the bank the documents required thereby in accordance with the client’s tax/entrepreneurial standing;
5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not be entitled to use the account for entrepreneurial purposes;
5.1.5 upon If requested by the bank’s request Bank, immediately supply/present/transfer to present the Bank the information related to the client and supply the bank with banking transactions performed by the latter, a signed original of any and all documents (invoice, agreement, letter and/or etc.) or a properly certified copy thereof (the client shall be held responsible for the authenticity, accuracy and information related to banking operationslegality of the information/document(s));
5.1.6 to comply with the conditions of this agreement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse any and all costs related to conclusion, attestation, registration, execution andcancelation of this agreement and any other agreement signed within the scope hereof and/orthe costs incurred by the bank due to the client’s default on obligations assumed by this agreement (including the client notification costs).
5.1.11 To act according to the rules under the Bank’s Employee Discrimination, Violence and Harassment Policy (xxxxx://xxx.xxxxxxx.xx/web/en/web/guest/employee-protection-policy) in relations with the Bank.
5.2 The Client is aware of the possible consequences of providing false, imprecise, incomplete and/or unconfirmed information
5.3 The bank shall be under obligation:
5.2.1 5.3.1 to provide the client with information on the status of the client’s account upon its request;
5.2.2 5.3.2 to perform the client’s instruction according to this agreement and relevant legislation;
5.2.3 5.3.3 to observe the conditions of this agreement.
5.3 5.4 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of goods or service that are prohibited under the laws of Georgia.
5.4 5.5 The bank is not obliged to provide client with information on changes (including changes related to the beneficial or indexed interest rates);
5.6 By signing an application on opening an account/ confirming an SMS message the Client confirms that the information provided therein is true and correct, and fully expresses the account/card holder’s will
5.7 By signing an application on opening an account/ confirming an SMS message, the Client agrees that the Bank will open a current (payment) and/or call deposit account (in any currency) for transferring money to/from the deposit account an/or for the purpose of credit repayment. This means that by signing an application on opening an account/ confirming an SMS message, the Client agrees to all terms and conditions related to the account in question, including standard tariffs
5.8 Policy for the prevention of tax evasion:
5.8.1 Parties declare and guarantee that:
5.8.1.1. Each of them as well as their related persons shall conduct their activities in good faith and lawful conduct, observing high standards of ethics. Parties have zero tolerance policy towards corruption, tax fraud, facilitation of tax evasion in any form and any other kind of criminal acts and keep the above-mentioned issues under permanent control.
5.8.1.2. Parties, as well as persons connected to them: authorized persons, representatives, shall not participate in any activities, which may facilitate of (direct or indirect) corruption, tax fraud and tax evasion in any form.
5.8.1.3. None of them or their Associated Persons have been found guilty and/or accused in corruption, tax fraud and facilitation of tax evasion cases.
5.8.1.4. A breach of any provision of the above Policy may lead to the termination of both this contract and any previous agreement between the Parties. However, such termination does not relieve the infringing party and/or member of its authorized person, representative, , of the liability and the corresponding sanctions, as provided by the legislation (Including potential criminal responsibility). In addition, the Parties confirm that a Party shall not be liable for an action of an authorized person, or an associated person, if the person was not acting on behalf and by order of the Party.
5.8.1.5. These representations and warranties shall remain in force until the Parties to this Agreement duly and timely fulfill the provisions of this Agreement and/or all other agreement(s) previously concluded by the Parties, in spite of full or partial termination of such agreement(s).
5.8.1.6. Any party shall immediately inform the other side of the circumstance(s), which may result in a contradiction and/or violation of these guarantees, as well as the occurrence of any events or circumstances that may endanger due full and due fulfillment of the obligations under the Agreement(s).
Appears in 2 contracts
Samples: Banking Operations Agreement, Banking Operations Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to notify the bank promptly of any change and amendment amednment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents to the notification. Prior to Pritoor the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the bank;bank(Except for the remote account(s) according to subparagraph 1.4.t1heofAgreement, in which case providing or submission of documents by the Client to open the account is not mandat;ory)
5.1.2 to promptly notify the bank in writing or through the internet-banking or contacting the Call Center of the bank (to the following number: +99532 272727272727o) of f any change as to the address, phone numbernumbe-rm, e-mail aeil address and/or other contact information;
5.1.3 upon opening of each new account to supply to the bank the documents required thereby in accordance with the client’s XSRQ RSHQLQJ RI HDFK QHZ DFFRXQW WR VXSSO\ WR WKH EDQN tax/entrepreneurial standing;
5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not be entitled to use the account for entrepreneurial purposes;
5.1.5 upon the bank’s request immediately to present and supply the bank with any and XSRQ WKH EDQN¶V tUo HpreTseXnHt aVndWs upLplPy tPheHbGanLk DwiWth HanOy \an d all signed originals or duly certified copies of documents and information (invoice, agreement, letter, etc.) related to banking operationsthe client and performed operations by the client. The client shall be responsible for authenticity, accucray and validity of the documents so presented and supplied;
5.1.6 to comply with the conditions of this agreement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank thebank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse to fully compensate for all and any and all costs expensseincurred by the bank (including ones related to sending notification to the customer) related to conclusion, attestation, registration, execution andcancelation performance and cancellation of this agreement and any other agreement signed formed within it and/or any expenses becausethoef breach of the scope hereof and/orthe costs incurred by the bank due to the client’s default on obligations assumed by this agreement (including the client notification costs)undertaken obligation.
5.2 The the bank shall be under obligation:
5.2.1 to provide the client with information on the status of the client’s account upon its request;
WR SURYLGH WKH FOLHQW ZLWK LQIRUPDWLRQ RQ WKH VWDWXV R 5.2.2 to perform the client’s instruction according to this agreement and relevant legislation;
WR SHUIRUP WKH FOLHQW¶V LQVWUXFWLRQ DFFRUGLQJ WR WKLV 5.2.3 to observe the conditions of this agreement.
5.3 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of purechoaf s goods or service that are prohibited under the laws of Georgia.
5.4 The bank is not obliged notobliged to provide client with information on changes (including changes related to the beneficial or indexed interest rates);
5.5 Policy for the prevention of tax evasion
5.5.1 Parties declare and guarantee that:
5.5.1.1 Each of them as well as their subsidiaries, parent companies, and related persons shall conduct their activities and busines relationships in good faith and lawful conduct, observing high standards of ethics. Partievsehzaero tolerance policy towards corruption, tax fraud, facilitation of tax evasion in any form and any other kind of criminal acts and keep the ab-ove mentioned issues under permanent control.
5.5.1.2 Parties, as well as persons connected to them: members ofstehneior management, authorized persons, representatives, employees or other staff of their subsidiaries or parent companies shall not participate in any activities, which may faatecilit of (direct or indirect) corruption, tax fraud and tax evasion in any rfmo .
5.5.1.3 None of them or their Associated Personhsave been found guilty and/or accused in corruption, tax fraud and facilitation of tax evasion cases.
5.5.1.4 A breach of any provision of the above Policy may lead to the termination of both this contract and anyviporues agreement between the Parties. However, such termination does not relieve the infringing party and/or member of its senior management, authorized person, representative, employee or other staff or associated person, of the liability and the corresponding sanctions, as provided by the legislation (Including potential criminal responsibility). In addition, the Parties confirm that a Party shall not be liable for an action of a member of the senior management, authorized person, other personnel or an asosciated person and/or associated company, if the person was not acting on behalf and by order of the Party.
5.5.1.5 These representations and warranties shall remain in force until the Parties to this Agreement duly and timely fulfill the provisions of this Agreement and/or all other agreement(s) previously concluded by the Parties, in spite of full or partial termination of such agreement(s).
5.6 Any party shall immediately inform the other side of the circumstance(s), which may result in a contradiction and/or violation of these guarantees, as well as the occurrence of any events or circumstances that may endangfuelrl aduned due fulfillment of the obligations under the Agreement(s). Depending on the seriousness of violations of the above guarantees, the Bank has theright to demand that the contracting Party provide its statements and records.
Appears in 1 contract
Samples: Banking Transactions Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to notify the th e bank promptly of any change and amendment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents relevat ndocuments to the notification. Prior to the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the bank;
5.1.2 to promptly notify the bank in writing or through the internet-banking internet -banking or contacting the Call Center of the bank (to the following number: +99532 272727) of 272727o)f any change as to the address, phone numbernumbe-mr, e-mail aeil address and/or other contact information;
5.1.3 upon opening of each new account to accountot supply to the bank the documents required thereby in accordance with the client’s tax/entrepreneurial standing;FOLHQW¶V WD[ HQWUHSUHQHXULDO VWDQGLQJ
5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not otherwisenot be entitled to use the account for entrepreneurial purposes;
5.1.5 upon If requested by the bank’s request Bank, immediately supply/present/transfer to present and supply the bank with any and all documents and Bank the information related to the client and the banking operationstransactions performed by the latter, a signed original ofyaannd all documents (invoice, agreement, letter and/or etc.) or a properly certified copy thereof (the client shall be held responsible for the authenticity, accuracy and legality of the information/document(s));
5.1.6 to comply with the conditions of this agreementagrement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse any and all costs related to conclusion, attestation, registration, execution andcancelation of this agreement and any other agreement agerement signed within the scope hereof and/orthe costs incurred by the bank due to the client’s client¶s default on obligations assumed by this agreement thaisgreement (including the client notification costs).
5.2 The Client is aware of the possible consequences of providing failmsep,recise, incompleteand/or unconfirmed information
5.3 The bank shall be under obligation:
5.2.1 to provide the client with information on the status of the client’s account upon its request;
5.2.2 to perform the client’s instruction according to this agreement and relevant legislation;
5.2.3 to observe the conditions of this agreement.
5.3 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of goods or service that are prohibited under the laws of Georgia.
5.4 The bank is not obliged to provide client with information on changes (including changes related to the beneficial or indexed interest rates);5.3.1 WR SURYLGH WKH FOLHQW ZLWK LQIRUPDWLRQ RQ WKH VWDWXV 5.3.2 WR SHUIRUP WKH FOLHQW¶V LQVWUXFWLRQ DFFRUGLQJ WR WKL
Appears in 1 contract
Samples: Banking Operations Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to notify the bank promptly of any change and amendment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents to the notification. Prior to the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the bankbank(Except for the remote account(s) according to subparagraph 1.4.1 of the Agreement, in which case providing or submission of documents by the Client to open the account is not mandatory);
5.1.2 to promptly notify the bank in writing or through the internet-banking or contacting the Call Center of the bank (to the following number: +99532 272727) of any change as to the address, phone number, e-e- mail address and/or other contact information;
5.1.3 upon opening of each new account to supply to the bank the documents required thereby in accordance with the client’s tax/entrepreneurial standing;
5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not be entitled to use the account for entrepreneurial purposes;
5.1.5 upon the bank’s request immediately to present and supply the bank with any and all signed originals or duly certified copies of documents and information (invoice, agreement, letter, etc.) related to banking operationsthe client and performed operations by the client. The client shall be responsible for authenticity, accuracy and validity of the documents so presented and supplied;
5.1.6 to comply with the conditions of this agreement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse to fully compensate for all and any and all costs expenses incurred by the bank (including ones related to sending notification to the customer) related to conclusion, attestation, registration, execution andcancelation performance and cancellation of this agreement and any other agreement signed formed within it and/or any expenses because of the scope hereof and/orthe costs incurred by breach of the bank due to the client’s default on obligations assumed by this agreement (including the client notification costs)undertaken obligation.
5.2 The the bank shall be under obligation:
5.2.1 to provide the client with information on the status of the client’s account upon its request;
5.2.2 to perform the client’s instruction according to this agreement and relevant legislation;
5.2.3 to observe the conditions of this agreement.
5.3 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of goods or service that are prohibited under the laws of Georgia.
5.4 The bank is not obliged to provide client with information on changes (including changes related to the beneficial or indexed interest rates);
5.5 Policy for the prevention of tax evasion
5.5.1 Parties declare and guarantee that:
5.5.1.1 Each of them as well as their subsidiaries, parent companies, and related persons shall conduct their activities and business relationships in good faith and lawful conduct, observing high standards of ethics. Parties have zero tolerance policy towards corruption, tax fraud, facilitation of tax evasion in any form and any other kind of criminal acts and keep the above-mentioned issues under permanent control.
5.5.1.2 Parties, as well as persons connected to them: members of the senior management, authorized persons, representatives, employees or other staff of their subsidiaries or parent companies shall not participate in any activities, which may facilitate of (direct or indirect) corruption, tax fraud and tax evasion in any form.
5.5.1.3 None of them or their Associated Persons have been found guilty and/or accused in corruption, tax fraud and facilitation of tax evasion cases.
5.5.1.4 A breach of any provision of the above Policy may lead to the termination of both this contract and any previous agreement between the Parties. However, such termination does not relieve the infringing party and/or member of its senior management, authorized person, representative, employee or other staff or associated person, of the liability and the corresponding sanctions, as provided by the legislation (Including potential criminal responsibility). In addition, the Parties confirm that a Party shall not be liable for an action of a member of the senior management, authorized person, other personnel or an associated person and/or associated company, if the person was not acting on behalf and by order of the Party.
5.5.1.5 These representations and warranties shall remain in force until the Parties to this Agreement duly and timely fulfill the provisions of this Agreement and/or all other agreement(s) previously concluded by the Parties, in spite of full or partial termination of such agreement(s).
5.6 Any party shall immediately inform the other side of the circumstance(s), which may result in a contradiction and/or violation of these guarantees, as well as the occurrence of any events or circumstances that may endanger due full and due fulfillment of the obligations under the Agreement(s). Depending on the seriousness of violations of the above guarantees, the Bank has the right to demand that the contracting Party provide its statements and records.
Appears in 1 contract
Samples: Banking Transactions Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to notify the bank promptly of any change and amendment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the attachthe relevant documents to the notification. Prior to the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the bank;
5.1.2 to promptly notify the bank in writing or through the internet-banking or contacting the Call Center of the bank (to the following number: +99532 272727) of 272727o)f any change as to the address, phone numbernumbe-mr, e-mail xxxx address and/or other contact information;
5.1.3 upon opening of each new account to supply to the bank the documents required thereby in accordance with the client’s tax/entrepreneurial standing;FOLHQW¶V WD[ HQWUHSUHQHXULDO VWDQGLQJ
5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not be entitled to use the account for entrepreneurial purposes;
5.1.5 upon If requested by the bank’s request Bank, immediately supply/present/transfer to present the Bank the information related to the client and supply the bank with banking transactions performed by the latter, a signed original of any and all documents (invoice, agreement, letter and/or etc.) or aropperly certified copy thereof (the client shall be held responsible for the authenticity, accuracy and information related to banking operationslegality of the information/document(s));
5.1.6 to comply with the conditions of this agreement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse any and all costs related to conclusion, attestation, registration, execution andcancelation of this agreement and any other agreement signed within the scope hereof and/orthe costs incurred by the bank due to the client’s default on obligations assumed by this agreement client¶V GHIDXOW RQ REOLagJreDemWenLt R(inQcluVd ingDthVeVclXienPt nHoGtifi caEtio\n coWstsK).LV
5.1.11 7R DFW DFFRUGLQJ WR WKH UXOHV XQGHU WKH %DQN¶V (including PSO (xxxxx://xxx.xxxxxxx.xx/web/en/web/guest/employe-eprotection-policy) in relations with the client notification costs)Bank.
5.2 The Client is aware of the possible consequences of providing false, imprecise, incompalnedte/or unconfirmed information
5.3 The bank shall be under obligation:
5.2.1 to provide the client with information on the status of the client’s account upon its request;5.3.1 WR SURYLGH WKH FOLHQW ZLWK LQIRUPDWLRQ RQ WKH VWDWXV 5.3.2 WR SHUIRUP WKH FOLHQW¶V LQVWUXFWLRQ DFFRUGLQJ WR WKL
5.2.2 to perform the client’s instruction according to this agreement and relevant legislation;
5.2.3 5.3.3 to observe the conditions of this agreement.
5.3 5.4 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of goods or service that are prohibited under the laws of Georgia.
5.4 5.5 The bank is Bankdoes not obliged have the obligation to provide client the Client with information that is beneficial for the Clie;nt
5.6 By signing an application on changes opening an account/ confirming an SMS message the Client confirms that the LQIRUPDWLRQ SURYLGHG WKHUHLQ LV WUXH DQG FRUUHFW DQG
5.7 By signing an application on opening an account/ confirming an SMS message, the Client agrees that the Bank will open a current (including changes payment) and/or call deposit account (in any currency) for transferring money to/from the deposit account an/or for the purpose ocfredit repayment.This means that by signing an application on opening an account/ confirming an SMS messa,gethe Client agrees to all terms and conditions related to the beneficial account in question, including standard tariffs
5.8 Policy for the prevention of tax evasion:
5.8.1 Parties declare and guarantee that:
5.8.1.1. Each of them as well as their related persons shall conduct their activities in good faith and lawful conduct, observing high standards of ethics. Parties have zero tolerance policy towards corruption, tax fraud, facilitation of tax evasion in any form and any other kind of criminal acts and keep the ab-omventioned issues under permanent control.
5.8.1.2. Parties, as well as persons connected to them: authorized persons, representatives, shall not participate in any activities, which may facilitate of (direct or indexed interest ratesindirect) corruption, tax fraud and tax evasion in any form.
5.8.1.3. None of them or their Associated Persons have been found guilty and/or accused in corruption, tax fraud and facilitation of tax evasion cases.
5.8.1.4. A breach of any provision of the above Policy may lead to the termination of both this contract and any previous agreement between the Parties. However, such termination does not relieve the infringing party and/or member of its authorized person, represetantive, , of the liability and the corresponding sanctions, as provided by the legislation (Including potential criminal responsibility);. In addition, the Parties confirm that a Party shall not be liable for an action of an authorized person, or an assotceida person, if the person was not acting on behalf and by order of the Party.
5.8.1.5. These representations and warranties shall remain in force until the Parties to this Agreement duly and timely fulfill the provisions of this Agreement and/or all other agreement(s) previously concluded by the Parties, in spite of full or partial termination of such agreement(s).
5.8.1.6. Any party shall immediately inform the other side of the circumstance(s), which may result in a contradiction and/or violation of these guarantees, as well as the occurrence of any events or circumstances that may endanger due full and due fulfillment of the obligations under the Agreement(s).
Appears in 1 contract
Samples: Banking Operations Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to notify the bank promptly of any change and amendment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents to the notification. Prior to the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the bankbank(Except for the remote account(s) according to subparagraph 1.4.1 of the Agreement, in which case providing or submission of documents by the Client to open the account is not mandatory);
5.1.2 to promptly notify the bank in writing or through the internet-banking or contacting the Call Center of the bank (to the following number: +99532 272727) of any change as to the address, phone number, e-e- mail address and/or other contact information;
5.1.3 upon opening of each new account to supply to the bank the documents required thereby in accordance with the client’s tax/entrepreneurial standing;
5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not be entitled to use the account for entrepreneurial purposes;
5.1.5 upon the bank’s request immediately to present and supply the bank with any and all signed originals or duly certified copies of documents and information (invoice, agreement, letter, etc.) related to banking operationsthe client and performed operations by the client. The client shall be responsible for authenticity, accuracy and validity of the documents so presented and supplied;
5.1.6 to comply with the conditions of this agreement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse to fully compensate for all and any and all costs expenses incurred by the bank (including ones related to sending notification to the customer) related to conclusion, attestation, registration, execution andcancelation performance and cancellation of this agreement and any other agreement signed formed within it and/or any expenses because of the scope hereof and/orthe costs incurred by breach of the bank due undertaken obligation.
5.1.11 To act according to the clientrules under the Bank’s default on obligations assumed by this agreement Employee Discrimination, Violence and Harassment Policy (including xxxxx://xxx.xxxxxxx.xx/web/en/web/guest/employee-protection-policy) in relations with the client notification costs)Bank.
5.2 The the bank shall be under obligation:
5.2.1 to provide the client with information on the status of the client’s account upon its request;
5.2.2 to perform the client’s instruction according to this agreement and relevant legislation;
5.2.3 to observe the conditions of this agreement.
5.3 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of goods or service that are prohibited under the laws of Georgia.
5.4 The bank is not obliged to provide client with information on changes (including changes related to the beneficial or indexed interest rates);
5.5 Policy for the prevention of tax evasion
5.5.1.1 Each of them as well as their subsidiaries, parent companies, and related persons shall conduct their activities and business relationships in good faith and lawful conduct, observing high standards of ethics. Parties have zero tolerance policy towards corruption, tax fraud, facilitation of tax evasion in any form and any other kind of criminal acts and keep the above-mentioned issues under permanent control.
5.5.1.2 Parties, as well as persons connected to them: members of the senior management, authorized persons, representatives, employees or other staff of their subsidiaries or parent companies shall not participate in any activities, which may facilitate of (direct or indirect) corruption, tax fraud and tax evasion in any form.
5.5.1.3 None of them or their Associated Persons have been found guilty and/or accused in corruption, tax fraud and facilitation of tax evasion cases.
5.5.1.4 A breach of any provision of the above Policy may lead to the termination of both this contract and any previous agreement between the Parties. However, such termination does not relieve the infringing party and/or member of its senior management, authorized person, representative, employee or other staff or associated person, of the liability and the corresponding sanctions, as provided by the legislation (Including potential criminal responsibility). In addition, the Parties confirm that a Party shall not be liable for an action of a member of the senior management, authorized person, other personnel or an associated person and/or associated company, if the person was not acting on behalf and by order of the Party.
5.5.1.5 These representations and warranties shall remain in force until the Parties to this Agreement duly and timely fulfill the provisions of this Agreement and/or all other agreement(s) previously concluded by the Parties, in spite of full or partial termination of such agreement(s).
5.6 Any party shall immediately inform the other side of the circumstance(s), which may result in a contradiction and/or violation of these guarantees, as well as the occurrence of any events or circumstances that may endanger due full and due fulfillment of the obligations under the Agreement(s). Depending on the seriousness of violations of the above guarantees, the Bank has the right to demand that the contracting Party provide its statements and records.
Appears in 1 contract
Samples: Banking Transactions Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to notify the bank promptly of any change and amendment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents to the notification. Prior to the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the bank;
5.1.2 to promptly notify the bank in writing or through the internet-banking or contacting the Call Center of the bank (to the following number: +99532 272727) of any change as to the address, phone number, e-e- mail address and/or other contact information;
5.1.3 upon opening of each new account to supply to the bank the documents required thereby in accordance with the client’s tax/entrepreneurial standing;
5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not be entitled to use the account for entrepreneurial purposes;
5.1.5 upon If requested by the bank’s request Bank, immediately supply/present/transfer to present the Bank the information related to the client and supply the bank with banking transactions performed by the latter, a signed original of any and all documents (invoice, agreement, letter and/or etc.) or a properly certified copy thereof (the client shall be held responsible for the authenticity, accuracy and information related to banking operationslegality of the information/document(s));
5.1.6 to comply with the conditions of this agreement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse any and all costs related to conclusion, attestation, registration, execution andcancelation of this agreement and any other agreement signed within the scope hereof and/orthe costs incurred by the bank due to the client’s default on obligations assumed by this agreement (including the client notification costs).
5.1.11 To act according to the rules under the Bank’s Employee Discrimination, Violence and Harassment Policy (xxxxx://xxx.xxxxxxx.xx/web/en/web/guest/employee-protection-policy) in relations with the Bank.
5.2 The Client is aware of the possible consequences of providing false, imprecise, incomplete and/or unconfirmed information
5.3 The bank shall be under obligation:
5.2.1 5.3.1 to provide the client with information on the status of the client’s account upon its request;
5.2.2 5.3.2 to perform the client’s instruction according to this agreement and relevant legislation;
5.2.3 5.3.3 to observe the conditions of this agreement.
5.3 5.4 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of goods or service that are prohibited under the laws of Georgia.
5.4 5.5 The bank is not obliged to provide client with information on changes (including changes related to the beneficial or indexed interest rates);
5.6 By signing an application on opening an account/ confirming an SMS message the Client confirms that the information provided therein is true and correct, and fully expresses the account/card holder’s will
5.7 By signing an application on opening an account/ confirming an SMS message, the Client agrees that the Bank will open a current (payment) and/or call deposit account (in any currency) for transferring money to/from the deposit account an/or for the purpose of credit repayment. This means that by signing an application on opening an account/ confirming an SMS message, the Client agrees to all terms and conditions related to the account in question, including standard tariffs
5.8 Policy for the prevention of tax evasion:
5.8.1 Parties declare and guarantee that:
5.8.1.1. Each of them as well as their related persons shall conduct their activities in good faith and lawful conduct, observing high standards of ethics. Parties have zero tolerance policy towards corruption, tax fraud, facilitation of tax evasion in any form and any other kind of criminal acts and keep the above- mentioned issues under permanent control.
5.8.1.2. Parties, as well as persons connected to them: authorized persons, representatives, shall not participate in any activities, which may facilitate of (direct or indirect) corruption, tax fraud and tax evasion in any form.
5.8.1.3. None of them or their Associated Persons have been found guilty and/or accused in corruption, tax fraud and facilitation of tax evasion cases.
5.8.1.4. A breach of any provision of the above Policy may lead to the termination of both this contract and any previous agreement between the Parties. However, such termination does not relieve the infringing party and/or member of its authorized person, representative, , of the liability and the corresponding sanctions, as provided by the legislation (Including potential criminal responsibility). In addition, the Parties confirm that a Party shall not be liable for an action of an authorized person, or an associated person, if the person was not acting on behalf and by order of the Party.
5.8.1.5. These representations and warranties shall remain in force until the Parties to this Agreement duly and timely fulfill the provisions of this Agreement and/or all other agreement(s) previously concluded by the Parties, in spite of full or partial termination of such agreement(s).
5.8.1.6. Any party shall immediately inform the other side of the circumstance(s), which may result in a contradiction and/or violation of these guarantees, as well as the occurrence of any events or circumstances that may endanger due full and due fulfillment of the obligations under the Agreement(s).
Appears in 1 contract
Samples: Banking Operations Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to notify the bank promptly of any change and amendment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents to the notification. Prior to the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the bank;
5.1.2 to promptly notify the bank in writing or through the internet-banking or contacting the Call Center of the bank (to the following number: +99532 272727) of any change as to the address, phone number, e-mail address and/or other contact information;
5.1.3 upon opening of each new account to supply to the bank the documents required thereby in accordance with the client’s tax/entrepreneurial standing;
5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not be entitled to use the account for entrepreneurial purposes;
5.1.5 upon the bank’s request immediately to present and supply the bank with any and all signed originals or duly certified copies of documents and information (invoice, agreement, letter, etc.) related to banking operationsthe client and performed operations by the client. The client shall be responsible for authenticity, accuracy and validity of the documents so presented and supplied;
5.1.6 to comply with the conditions of this agreement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse to fully compensate for all and any and all costs expenses incurred by the bank (including ones related to sending notification to the customer) related to conclusion, attestation, registration, execution andcancelation performance and cancellation of this agreement and any other agreement signed formed within it and/or any expenses because of the scope hereof and/orthe costs incurred by breach of the bank due to the client’s default on obligations assumed by this agreement (including the client notification costs)undertaken obligation.
5.2 The the bank shall be under obligation:
5.2.1 to provide the client with information on the status of the client’s account upon its request;
5.2.2 to perform the client’s instruction according to this agreement and relevant legislation;
5.2.3 to observe the conditions of this agreement.
5.3 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of goods or service that are prohibited under the laws of Georgia.
5.4 The bank is not obliged to provide client with information on changes (including changes related to the beneficial or indexed interest rates);
Appears in 1 contract
Samples: Banking Operations Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to To notify the bank promptly of any change and amendment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents to the notification. Prior to the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the bankbank(Except for the remote account(s) according to subparagraph 1.4.1 of the Agreement, in which case providing or submission of documents by the Client to open the account is not mandatory);
5.1.2 to promptly notify the bank in writing or through the internet-banking or contacting the Call Center of the bank (to the following number: +99532 272727) of any change as to the address, phone number, e-e- mail address and/or other contact information;
5.1.3 upon opening of each new account to supply to the bank the documents required thereby in accordance with the client’s tax/entrepreneurial standing;
5.1.4 to To use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not be entitled to use the account for entrepreneurial purposes;
5.1.5 upon Upon the bank’s request immediately to present and supply the bank with any and all signed originals or duly certified copies of documents and information (invoice, agreement, letter, etc.) related to banking operationsthe client and performed operations by the client. The client shall be responsible for authenticity, accuracy and validity of the documents so presented and supplied;
5.1.6 to comply with the conditions of this agreement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse To fully compensate for all and any and all costs expenses incurred by the bank (including ones related to sending notification to the customer) related to conclusion, attestation, registration, execution andcancelation performance and cancellation of this agreement and any other agreement signed formed within it and/or any expenses because of the scope hereof and/orthe costs incurred by breach of the bank due to the client’s default on obligations assumed by this agreement (including the client notification costs)undertaken obligation.
5.2 The the bank shall be under obligation:
5.2.1 to provide the client with information on the status of the client’s account upon its request;
5.2.2 to perform the client’s instruction according to this agreement and relevant legislation;
5.2.3 to To observe the conditions of this agreement.
5.3 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of goods or service that are prohibited under the laws of Georgia.
5.4 The bank is not obliged to provide client with information on changes (including changes related to the beneficial or indexed interest rates);
5.5 Policy for the prevention of tax evasion
5.5.1 Parties declare and guarantee that:
5.5.1.1 Each of them as well as their subsidiaries, parent companies, and related persons shall conduct their activities and business relationships in good faith and lawful conduct, observing high standards of ethics. Parties have zero tolerance policy towards corruption, tax fraud, facilitation of tax evasion in any form and any other kind of criminal acts and keep the above-mentioned issues under permanent control.
5.5.1.2 Parties, as well as persons connected to them: members of the senior management, authorized persons, representatives, employees or other staff of their subsidiaries or parent companies shall not participate in any activities, which may facilitate of (direct or indirect) corruption, tax fraud and tax evasion in any form.
5.5.1.3 None of them or their Associated Persons have been found guilty and/or accused in corruption, tax fraud and facilitation of tax evasion cases.
5.5.1.4 A breach of any provision of the above Policy may lead to the termination of both this contract and any previous agreement between the Parties. However, such termination does not relieve the infringing party and/or member of its senior management, authorized person, representative, employee or other staff or associated person, of the liability and the corresponding sanctions, as provided by the legislation (Including potential criminal responsibility). In addition, the Parties confirm that a Party shall not be liable for an action of a member of the senior management, authorized person, other personnel or an associated person and/or associated company, if the person was not acting on behalf and by order of the Party.
5.5.1.5 These representations and warranties shall remain in force until the Parties to this Agreement duly and timely fulfill the provisions of this Agreement and/or all other agreement(s) previously concluded by the Parties, in spite of full or partial termination of such agreement(s).
5.6 Any party shall immediately inform the other side of the circumstance(s), which may result in a contradiction and/or violation of these guarantees, as well as the occurrence of any events or circumstances that may endanger due full and due fulfillment of the obligations under the Agreement(s). Depending on the seriousness of violations of the above guarantees, the Bank has the right to demand that the contracting Party provide its statements and records.
Appears in 1 contract
Samples: Banking Transactions Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to notify the bank promptly of any change and amendment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents to the notification. Prior to the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the bank;
5.1.2 to promptly notify the bank in writing or through the internet-banking or contacting the Call Center of the bank (to the following number: +99532 272727) of any change as to the address, phone number, e-mail address and/or other contact information;
5.1.3 upon opening of each new account to supply to the bank the documents required thereby in accordance with the client’s tax/entrepreneurial standing;
5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not be entitled to use the account for entrepreneurial purposes;
5.1.5 upon If requested by the bank’s request Bank, immediately supply/present/transfer to present the Bank the information related to the client and supply the bank with banking transactions performed by the latter, a signed original of any and all documents (invoice, agreement, letter and/or etc.) or a properly certified copy thereof (the client shall be held responsible for the authenticity, accuracy and information related to banking operationslegality of the information/document(s));
5.1.6 to comply with the conditions of this agreement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse any and all costs related to conclusion, attestation, registration, execution andcancelation of this agreement and any other agreement signed within the scope hereof and/orthe costs incurred by the bank due to the client’s default on obligations assumed by this agreement (including the client notification costs).
5.1.11 To act according to the rules under the Bank’s Employee Discrimination, Violence and Harassment Policy (xxxxx://xxx.xxxxxxx.xx/web/en/web/guest/employee-protection-policy) in relations with the Bank.
5.2 The Client is aware of the possible consequences of providing false, imprecise, incomplete and/or unconfirmed information
5.3 The bank shall be under obligation:
5.2.1 5.3.1 to provide the client with information on the status of the client’s account upon its request;
5.2.2 5.3.2 to perform the client’s instruction according to this agreement and relevant legislation;
5.2.3 5.3.3 to observe the conditions of this agreement.
5.3 5.4 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of goods or service that are prohibited under the laws of Georgia.
5.4 5.5 The bank is not obliged to provide client with information on changes (including changes related to the beneficial or indexed interest rates);
5.6 By signing an application on opening an account/ confirming an SMS message the Client confirms that the information provided therein is true and correct, and fully expresses the account/card holder’s will
5.7 By signing an application on opening an account/ confirming an SMS message, the Client agrees that the Bank will open a current (payment) and/or call deposit account (in any currency) for transferring money to/from the deposit account an/or for the purpose of credit repayment. This means that by signing an application on opening an account/ confirming an SMS message, the Client agrees to all terms and conditions related to the account in question, including standard tariffs
5.8 Policy for the prevention of tax evasion
5.8.1 Parties declare and guarantee that:
5.8.1.1. Each of them as well as their related persons shall conduct their activities in good faith and lawful conduct, observing high standards of ethics. Parties have zero tolerance policy towards corruption, tax fraud, facilitation of tax evasion in any form and any other kind of criminal acts and keep the above-mentioned issues under permanent control.
5.8.1.2. Parties, as well as persons connected to them: authorized persons, representatives, shall not participate in any activities, which may facilitate of (direct or indirect) corruption, tax fraud and tax evasion in any form.
5.8.1.3. None of them or their Associated Persons have been found guilty and/or accused in corruption, tax fraud and facilitation of tax evasion cases.
5.8.1.4. A breach of any provision of the above Policy may lead to the termination of both this contract and any previous agreement between the Parties. However, such termination does not relieve the infringing party and/or member of its authorized person, representative, , of the liability and the corresponding sanctions, as provided by the legislation (Including potential criminal responsibility). In addition, the Parties confirm that a Party shall not be liable for an action of an authorized person, or an associated person, if the person was not acting on behalf and by order of the Party.
5.8.1.5. These representations and warranties shall remain in force until the Parties to this Agreement duly and timely fulfill the provisions of this Agreement and/or all other agreement(s) previously concluded by the Parties, in spite of full or partial termination of such agreement(s).
5.8.1.6. Any party shall immediately inform the other side of the circumstance(s), which may result in a contradiction and/or violation of these guarantees, as well as the occurrence of any events or circumstances that may endanger due full and due fulfillment of the obligations under the Agreement(s).
Appears in 1 contract
Samples: Banking Operations Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to notify the th e bank promptly of any change and amendment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents relevtadnocuments to the notification. Prior to the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the bank;
5.1.2 to promptly notify the bank in writing or through the internet-banking internet -banking or contacting the Call Center of the bank (to the following number: +99532 272727number:+99532 272727o) of f any change as to the address, phone numbernumbe-r, e-e mail address and/or other contact information;
5.1.3 upon opening of each new account to accountot supply to the bank the documents required thereby in accordance with the client’s tax/entrepreneurial standing;ZLWK WKH FOLHQW¶V WD[ HQWUHSUHQHXULDO VWDQGLQJ
5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not otherwisenot be entitled to use the account for entrepreneurial purposes;
5.1.5 upon If requested by the bank’s request Bank, immediately supply/present/transfer to present and supply the bank with any and all documents and Bank the information related to the client and the banking operations;transactions performed by the latter, a signed original ofyaannd all documents (invoice, agreement, letter and/or etc.) or a properly certified copy thereof (the client shall be held responsible for the authenticity, accuracy and legality of the information/document(;s))
5.1.6 to comply with the conditions of this agreementagrement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse any and all costs related to conclusion, attestation, registration, execution andcancelation of this agreement and any other agreement agmreeent signed within the scope hereof and/orthe costs incurred by the bank due to the client’s clien¶st default on obligations assumed by this agreement thaisgreement (including the client notification costs).
5.2 The Client is aware of the possible consequences of providing failmsep,recise, incompleteand/or unconfirmed information
5.3 The bank shall be under obligation:
5.2.1 to provide the client with information on the status of the client’s account upon its request;
5.2.2 to perform the client’s instruction according to this agreement and relevant legislation;
5.2.3 5.3.1 WR SURYLGH WKH FOLHQW ZLWK LQIRUPDWLRQ RQ WKH VWDW 5.3.2 WR SHUIRUP WKH FOLHQW¶V LQVWUXFWLRQ DFFRUGLQJ WR W 5.3.3 to observe the conditions of this agreement.
5.3 5.4 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of goods or service that are prohibited under the laws of Georgia.
5.4 5.5 The bank is not obliged to notobligedto provide client with information on changes (including changes related to the beneficial or indexed interest rates);
5.6 By signing an application on opening an acocunt/ confirming an SMS message the Client confirms that WKH LQIRUPDWLRQ SURYLGHG WKHUHLQ LV WUXH DQG FRUUH 5.7 By signing an application on opening an account/ confirming an SMS message, the Client atghraetetshe Bank will open a current (payment) and/or call deposit account (in any currency) for transferring money to/from the deposit account an/or for the purposoef credit repayment.This means that by signing an application on opening an account/ confirming an SMS messa,gethe Client agrees to all terms and conditions related to the account in question, including standard tariffs
5.8 Policy for the prevention of tax evasion
5.8.1 Parties declare and guarantee that:
5.8.1.1. Each of them as well as their relatepdersons shall conduct their activities in good faith and lawful conduct, observing high standards of ethics. Parties have zero tolerance policy towards corruption, tax fraud, facilitation of tax evasion in any form and any other kind of criminal acts andeekp the above-mentioned issues under permanent control.
5.8.1.2. Parties, as well as persons connected to them: authorized persons, representatives, shall not participate in any activities, which may facilitateof (direct or indirect) corruption, tax fraud and tax evasion in any form.
5.8.1.3. None of them or their Associated Personhsave been found guilty and/or accused in corruption, tax fraud and facilitation of tax evasion cases.
5.8.1.4. A breach of any provision of the above Policy may lead to the termination of both thisnctroact and any previous agreement between the Parties. However, such termination does not relieve the infringing party and/or member of its authorized person, representative, , of the liability and the corresponding sanctions, as provided by the legislanti(oIncluding potential criminal responsibility). In addition, the Parties confirm that a Party shall not be liable for an action of an authorized person, or an associated person, if the person was not acting on behalf and by order of the Party.
5.8.1.5. These representations and warranties shall remain in force until the Parties to this Agreement duly and timely fulfill the provisions of this Agreement and/or all other agreement(s) previously concluded by the Parties, in spite of full or partial termination of suchagreement(s).
5.8.1.6. Any party shall immediately inform the other side of the circumstance(s), which may result in a contradiction and/or violation of these guarantees, as well as the occurrence of any events or circumstances that may endanger dufeull and due fulfillment of the obligations under the Agreement(s).
Appears in 1 contract
Samples: Banking Operations Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to notify the bank promptly of any change and amendment amednment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents to the notification. Prior to Prtioor the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the(Ebaxcnekpt for the bank;remote account(s) according to subparagraph 1.4.1thoef Agreement, in which case providing or submission of documents by the Client to open the account is not mandat;ory)
5.1.2 to promptly notify the bank in writing or through the internet-banking or contacting the Call Center of the bank (to the following numberfollowingnumber: +99532 272727) of 272727o)f any change as to the address, phone numbernumbe-r, e-e mail address and/or other contact information;
5.1.3 upon opening of each new account to supply to the bank the documents required thereby in accordance with the client’s taxclientl’stsandintga; x/entrepreneurial standing;entrepreneuria
5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not be entitled to use the account for entrepreneurial purposes;
5.1.5 upon the bank’s request immediately to present and supply the bank with any and torpereqseunteansdtsuppliymthmeebadnkiwaithtaenylaynd all signed originals or duly certified copies of documents and information (invoice, agreement, letter, etc.) related to banking operationsthe client and performed operations by the client. The client shall be responsible for authenticity, acccuyraand validity of the documents so presented and supplied;
5.1.6 to comply with the conditions of this agreement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank thebank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse to fully compensate for all and any and all costs expensseincurred by the bank (including ones related to sending notification to the customer) related to conclusion, attestation, registration, execution andcancelation performance and cancellation of this agreement and any other agreement signed formed within it and/or any expenses because of the scope hereof and/orthe costs incurred by breach of the bank due to the client’s default on obligations assumed by this agreement (including the client notification costs)undertaken obligation.
5.2 The the bank shall be under obligation:
5.2.1 to provide the client with information on the status of the client’s account upon its request;stat
5.2.2 to perform the client’s instruction according to this agreement and relevant legislation;x
5.2.3 to observe the conditions of this agreement.
5.3 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of goods or service that are prohibited under the laws of Georgia.
5.4 The bank is not obliged to notobligedto provide client with information on changes (including changes related to the beneficial or indexed interest rates);
5.5 Policy for the prevention of tax evasion
5.5.1 Parties declare and guarantee that:
5.5.1. 1Each of them as well as their subsidiaries, parent companies, and related persons shall conduct their activities and business relationships in good faith and lawful conduct, observing high standards of ethics. Parties have zero tolerance policy towards corruption, tax fraud, facilitation of tax evasion in any form and any other kind of criminal acts and keep the abo-vmeentioned issues under permanent control.
5.5.1. 2Parties, as well as persons connected to them: members ofstehneior management, authorized persons, representatives, employees or other staff of their subsidiaries or parent companies shall not participate in any activities, which may facilitateof (direct or indirect) corruption, tax fraud and tax evasion in any form.
5.5.1. 3None of them or their Associated Personhsave been found guilty and/or accused in corruption, tax fraud and facilitation of tax evasion cases.
5.5.1. 4A breach of any provision of the above Policy may lead to the termination of both this contract and any previous agreement between the Parties. However, such termination does not relieve the infringing party and/or member of its senior management, authorized person, representative, employee or other staff or associated person, of the liability and the correspdoing sanctions, as provided by the legislation (Including potential criminal responsibility). In addition, the Parties confirm that a Party shall not be liable for an action of a member of the senior management, authorized person, other personnel or an associated person and/or associated company, if the person was not acting on behalf and by order of the Party.
5.5.1. 5These representations and warranties shall remain in force until the Parties to this Agreement duly and timely fulfill the provisions of this Agreement and/or all other agreement(s) previously concluded by the Parties, in spite of full or partial termination of such agreement(s).
5.5.1. 6Any party shall immediately inform the other side of the circumstance(s), which may result in a contradiction and/or violation of these guarantees, as well as the occurrence of any events or circumstances that may xxxxxxxx xxxxxxx and due fulfillment of the obligations under the Agreement(s). Depending on the seriousness of violations of the above guarantees, the Bank harisghthteto demand that the contracting Party provide its statements and records.
Appears in 1 contract
Samples: Banking Operations Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to notify the bank promptly of any change and amendment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents to the notification. Prior to the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the bankbank(Except for the remote account(s) according to subparagraph 1.4.1 of the Agreement, in which case providing or submission of documents by the Client to open the account is not mandatory);
5.1.2 to promptly notify the bank in writing or through the internet-banking or contacting the Call Center of the bank (to the following number: +99532 272727) of any change as to the address, phone number, e-mail address and/or other contact information;
5.1.3 upon opening of each new account to supply to the bank the documents required thereby in accordance with the client’s tax/entrepreneurial standing;
5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not be entitled to use the account for entrepreneurial purposes;
5.1.5 upon the bank’s request immediately to present and supply the bank with any and all signed originals or duly certified copies of documents and information (invoice, agreement, letter, etc.) related to banking operationsthe client and performed operations by the client. The client shall be responsible for authenticity, accuracy and validity of the documents so presented and supplied;
5.1.6 to comply with the conditions of this agreement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse to fully compensate for all and any and all costs expenses incurred by the bank (including ones related to sending notification to the customer) related to conclusion, attestation, registration, execution andcancelation performance and cancellation of this agreement and any other agreement signed formed within it and/or any expenses because of the scope hereof and/orthe costs incurred by breach of the bank due undertaken obligation.
5.1.11 To act according to the clientrules under the Bank’s default on obligations assumed by this agreement Employee Discrimination, Violence and Harassment Policy (including xxxxx://xxx.xxxxxxx.xx/web/en/web/guest/employee-protection-policy) in relations with the client notification costs)Bank.
5.2 The the bank shall be under obligation:
5.2.1 to provide the client with information on the status of the client’s account upon its request;
5.2.2 to perform the client’s instruction according to this agreement and relevant legislation;
5.2.3 to observe the conditions of this agreement.
5.3 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of goods or service that are prohibited under the laws of Georgia.
5.4 The bank is not obliged to provide client with information on changes (including changes related to the beneficial or indexed interest rates);
5.5 Policy for the prevention of tax evasion
5.5.1 Parties declare and guarantee that:
5.5.1.1 Each of them as well as their subsidiaries, parent companies, and related persons shall conduct their activities and business relationships in good faith and lawful conduct, observing high standards of ethics. Parties have zero tolerance policy towards corruption, tax fraud, facilitation of tax evasion in any form and any other kind of criminal acts and keep the above-mentioned issues under permanent control.
5.5.1.2 Parties, as well as persons connected to them: members of the senior management, authorized persons, representatives, employees or other staff of their subsidiaries or parent companies shall not participate in any activities, which may facilitate of (direct or indirect) corruption, tax fraud and tax evasion in any form.
5.5.1.3 None of them or their Associated Persons have been found guilty and/or accused in corruption, tax fraud and facilitation of tax evasion cases.
5.5.1.4 A breach of any provision of the above Policy may lead to the termination of both this contract and any previous agreement between the Parties. However, such termination does not relieve the infringing party and/or member of its senior management, authorized person, representative, employee or other staff or associated person, of the liability and the corresponding sanctions, as provided by the legislation (Including potential criminal responsibility). In addition, the Parties confirm that a Party shall not be liable for an action of a member of the senior management, authorized person, other personnel or an associated person and/or associated company, if the person was not acting on behalf and by order of the Party.
5.5.1.5 These representations and warranties shall remain in force until the Parties to this Agreement duly and timely fulfill the provisions of this Agreement and/or all other agreement(s) previously concluded by the Parties, in spite of full or partial termination of such agreement(s).
5.6 Any party shall immediately inform the other side of the circumstance(s), which may result in a contradiction and/or violation of these guarantees, as well as the occurrence of any events or circumstances that may endanger due full and due fulfillment of the obligations under the Agreement(s). Depending on the seriousness of violations of the above guarantees, the Bank has the right to demand that the contracting Party provide its statements and records.
Appears in 1 contract
Samples: Banking Transactions Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to notify the bank promptly of any change and amendment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents to the notification. Prior to the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the bank;
5.1.2 to promptly notify the bank in writing or through the internet-banking or contacting the Call Center of the bank (to the following number: +99532 272727) of any change as to the address, phone number, e-mail address and/or other contact information;
5.1.3 upon opening of each new account to supply to the bank the documents required thereby in accordance with the client’s tax/entrepreneurial standing;
5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not be entitled to use the account for entrepreneurial purposes;
5.1.5 upon the bank’s request immediately to present and supply the bank with any and all documents and information related to banking operations;
5.1.6 to comply with the conditions of this agreement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse any and all costs related to conclusion, attestation, registration, execution andcancelation of this agreement and any other agreement signed within the scope hereof and/orthe costs incurred by the bank due to the client’s client¶s default on obligations assumed by this agreement (including the client notification costs).
5.2 The Client is aware of the possible consequences of providing false, imprecise, incomplete and/or unconfirmed information
5.3 The bank shall be under obligation:
5.2.1 5.3.1 to provide the client with information on the status of the client’s account upon its request;
5.2.2 5.3.2 to perform the client’s instruction according to this agreement and relevant legislation;
5.2.3 5.3.3 to observe the conditions of this agreement.
5.3 5.4 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of goods or service that are prohibited under the laws of Georgia.
5.4 5.5 The bank is not obliged to provide client with information on changes (including changes related to the beneficial or indexed interest rates);
5.6 By signing an application on opening an account/ confirming an SMS message the Client confirms that the information provided therein is true and correct, and fully expresses the account/card holder’s will
5.7 By signing an application on opening an account/ confirming an SMS message, the Client agrees that the Bank will open a current (payment) and/or call deposit account (in any currency) for transferring money to/from the deposit account an/or for the purpose of credit repayment. This means that by signing an application on opening an account/ confirming an SMS message, the Client agrees to all terms and conditions related to the account in question, including standard tariffs
5.8 Policy for the prevention of tax evasion
5.8.1 Parties declare and guarantee that:
5.8.1.1. Each of them as well as their related persons shall conduct their activities in good faith and lawful conduct, observing high standards of ethics. Parties have zero tolerance policy towards corruption, tax fraud, facilitation of tax evasion in any form and any other kind of criminal acts and keep the above-mentioned issues under permanent control.
5.8.1.2. Parties, as well as persons connected to them: authorized persons, representatives, shall not participate in any activities, which may facilitate of (direct or indirect) corruption, tax fraud and tax evasion in any form.
5.8.1.3. None of them or their Associated Persons have been found guilty and/or accused in corruption, tax fraud and facilitation of tax evasion cases.
5.8.1.4. A breach of any provision of the above Policy may lead to the termination of both this contract and any previous agreement between the Parties. However, such termination does not relieve the infringing party and/or member of its authorized person, representative, , of the liability and the corresponding sanctions, as provided by the legislation (Including potential criminal responsibility). In addition, the Parties confirm that a Party shall not be liable for an action of an authorized person, or an associated person, if the person was not acting on behalf and by order of the Party.
5.8.1.5. These representations and warranties shall remain in force until the Parties to this Agreement duly and timely fulfill the provisions of this Agreement and/or all other agreement(s) previously concluded by the Parties, in spite of full or partial termination of such agreement(s).
5.8.1.6. Any party shall immediately inform the other side of the circumstance(s), which may result in a contradiction and/or violation of these guarantees, as well as the occurrence of any events or circumstances that may endanger due full and due fulfillment of the obligations under the Agreement(s).
Appears in 1 contract
Samples: Banking Operations Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to notify the bank promptly of any change and amendment amednment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents to the notification. Prior to Pritoor the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the bank;bank(Except for the remote account(s) according to subparagraph 1.4.t1heofAgreement, in which case providing or submission of documents by the Client to open the account is not mandat;ory)
5.1.2 to promptly notify the bank in writing or through the internet-banking or contacting the Call Center of the bank (to the following number: +99532 272727272727o) of f any change as to the address, phone numbernumbe-rm, e-mail aeil address and/or other contact information;
5.1.3 upon opening of each new account to supply to the bank the documents required thereby in accordance with the client’s tax/entrepreneurial standing;
5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not be entitled to use the account for entrepreneurial purposes;
5.1.5 upon the bank’s request immediately to present and supply the bank with any and tro epreqseunet asndtsupiplmy tmheebdanik awittheanly yand all signed originals or duly certified copies of documents and information (invoice, agreement, letter, etc.) related to banking operationsthe client and performed operations by the client. The client shall be responsible for authenticity, accucray and validity of the documents so presented and supplied;
5.1.6 to comply with the conditions of this agreement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank thebank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse to fully compensate for all and any and all costs expensseincurred by the bank (including ones related to sending notification to the customer) related to conclusion, attestation, registration, execution andcancelation performance and cancellation of this agreement and any other agreement signed formed within it and/or any expenses becausethoef breach of the scope hereof and/orthe costs incurred by the bank due to the client’s default on obligations assumed by this agreement (including the client notification costs)undertaken obligation.
5.2 The the bank shall be under obligation:
5.2.1 to provide the client with information on the status of the client’s account upon its request;o
5.2.2 to perform the client’s instruction according to this agreement and relevant legislation;this
5.2.3 to observe the conditions of this agreement.
5.3 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of purechoaf s goods or service that are prohibited under the laws of Georgia.
5.4 The bank is not obliged notobliged to provide client with information on changes (including changes related to the beneficial or indexed interest rates);
5.5 Policy for the prevention of tax evasion
5.5.1 Parties declare and guarantee that:
5.5.1.1 Each of them as well as their subsidiaries, parent companies, and related persons shall conduct their activities and busines relationships in good faith and lawful conduct, observing high standards of ethics. Partievsehzaero tolerance policy towards corruption, tax fraud, facilitation of tax evasion in any form and any other kind of criminal acts and keep the ab-ove mentioned issues under permanent control.
5.5.1.2 Parties, as well as persons connected to them: members ofstehneior management, authorized persons, representatives, employees or other staff of their subsidiaries or parent companies shall not participate in any activities, which may faatecilit of (direct or indirect) corruption, tax fraud and tax evasion in any rfmo .
5.5.1.3 None of them or their Associated Personhsave been found guilty and/or accused in corruption, tax fraud and facilitation of tax evasion cases.
5.5.1.4 A breach of any provision of the above Policy may lead to the termination of both this contract and anyviporues agreement between the Parties. However, such termination does not relieve the infringing party and/or member of its senior management, authorized person, representative, employee or other staff or associated person, of the liability and the corresponding sanctions, as provided by the legislation (Including potential criminal responsibility). In addition, the Parties confirm that a Party shall not be liable for an action of a member of the senior management, authorized person, other personnel or an asosciated person and/or associated company, if the person was not acting on behalf and by order of the Party.
5.5.1.5 These representations and warranties shall remain in force until the Parties to this Agreement duly and timely fulfill the provisions of this Agreement and/or all other agreement(s) previously concluded by the Parties, in spite of full or partial termination of such agreement(s).
5.6 Any party shall immediately inform the other side of the circumstance(s), which may result in a contradiction and/or violation of these guarantees, as well as the occurrence of any events or circumstances that may endangfuelrl aduned due fulfillment of the obligations under the Agreement(s). Depending on the seriousness of violations of the above guarantees, the Bank has theright to demand that the contracting Party provide its statements and records.
Appears in 1 contract
Samples: Banking Transactions Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to notify the th e bank promptly of any change and amendment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents relevtadnocuments to the notification. Prior to the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the bank;
5.1.2 to promptly notify the bank in writing or through the internet-banking internet -banking or contacting the Call Center of the bank (to the following number: +99532 272727number:+99532 272727o) of f any change as to the address, phone numbernumbe-r, e-e mail address and/or other contact information;
5.1.3 upon opening of each new account to accountot supply to the bank the documents required thereby in accordance with the client’s tax/entrepreneurial standing;ZLWK WKH FOLHQW¶V WD[ HQWUHSUHQHXULDO VWDQGLQJ
5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not otherwisenot be entitled to use the account for entrepreneurial purposes;
5.1.5 upon If requested by the bank’s request Bank, immediately supply/present/transfer to present and supply the bank with any and all documents and Bank the information related to the client and the banking operations;transactions performed by the latter, a signed original ofyaannd all documents (invoice, agreement, letter and/or etc.) or a properly certified copy thereof (the client shall be held responsible for the authenticity, accuracy and legality of the information/document(;s))
5.1.6 to comply with the conditions of this agreementagrement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse any and all costs related to conclusion, attestation, registration, execution andcancelation of this agreement and any other agreement agmreeent signed within the scope hereof and/orthe costs incurred by the bank due to the client’s clien¶st default on obligations assumed by this agreement thaisgreement (including the client notification costs).
5.2 The Client is aware of the possible consequences of providing failmsep,recise, incompleteand/or unconfirmed information
5.3 The bank shall be under obligation:
5.2.1 to provide the client with information on the status of the client’s account upon its request;
5.2.2 to perform the client’s instruction according to this agreement and relevant legislation;
5.2.3 5.3.1 WR SURYLGH WKH FOLHQW ZLWK LQIRUPDWLRQ RQ WKH VWDWX 5.3.2 WR SHUIRUP WKH FOLHQW¶V LQVWUXFWLRQ DFFRUGLQJ WR WK 5.3.3 to observe the conditions of this agreement.
5.3 5.4 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of goods or service that are prohibited under the laws of Georgia.
5.4 5.5 The bank is not obliged to notobligedto provide client with information on changes (including changes related to the beneficial or indexed interest rates);
5.6 By signing an application on opening an acocunt/ confirming an SMS message the Client confirms that WKH LQIRUPDWLRQ SURYLGHG WKHUHLQ LV WUXH DQG FRUUHF
5.7 By signing an application on opening an account/ confirming an SMS message, the Client atghraetetshe Bank will open a current (payment) and/or call deposit account (in any currency) for transferring money to/from the deposit account an/or for the purposoef credit repayment.This means that by signing an application on opening an account/ confirming an SMS messa,gethe Client agrees to all terms and conditions related to the account in question, including standard tariffs
5.8 Policy for the prevention of tax evasion
5.8.1 Parties declare and guarantee that:
5.8.1.1. Each of them as well as their relatepdersons shall conduct their activities in good faith and lawful conduct, observing high standards of ethics. Parties have zero tolerance policy towards corruption, tax fraud, facilitation of tax evasion in any form and any other kind of criminal acts andeekp the above-mentioned issues under permanent control.
5.8.1.2. Parties, as well as persons connected to them: authorized persons, representatives, shall not participate in any activities, which may facilitateof (direct or indirect) corruption, tax fraud and tax evasion in any form.
5.8.1.3. None of them or their Associated Personhsave been found guilty and/or accused in corruption, tax fraud and facilitation of tax evasion cases.
5.8.1.4. A breach of any provision of the above Policy may lead to the termination of both thisnctroact and any previous agreement between the Parties. However, such termination does not relieve the infringing party and/or member of its authorized person, representative, , of the liability and the corresponding sanctions, as provided by the legislanti(oIncluding potential criminal responsibility). In addition, the Parties confirm that a Party shall not be liable for an action of an authorized person, or an associated person, if the person was not acting on behalf and by order of the Party.
5.8.1.5. These representations and warranties shall remain in force until the Parties to this Agreement duly and timely fulfill the provisions of this Agreement and/or all other agreement(s) previously concluded by the Parties, in spite of full or partial termination of suchagreement(s).
5.8.1.6. Any party shall immediately inform the other side of the circumstance(s), which may result in a contradiction and/or violation of these guarantees, as well as the occurrence of any events or circumstances that may endanger dufeull and due fulfillment of the obligations under the Agreement(s).
Appears in 1 contract
Samples: Banking Operations Agreement
OBLIGATIONS AND RIGHTS OF THE PARTIES. 5.1 The client shall be under obligation:
5.1.1 to notify the bank promptly of any change and amendment amednment to the documents and information provided to the bank, as well as to notify the bank in writing of change of persons entitled to manage the accounts or receive information from the accounts and attach the relevant documents to the notification. Prior to Prtioor the receipt of the notification on the amendment and the attached documents the bank shall perform operations based on the documents and signature samples formerly supplied to the(Ebaxcnekpt for the bank;remote account(s) according to subparagraph 1.4.1thoef Agreement, in which case providing or submission of documents by the Client to open the account is not mandat;ory)
5.1.2 to promptly notify the bank in writing or through the internet-banking or contacting the Call Center of the bank (to the following numberfollowingnumber: +99532 272727) of 272727o)f any change as to the address, phone numbernumbe-r, e-e mail address and/or other contact information;
5.1.3 upon opening of each new account to supply to the bank the documents required thereby in accordance with the client’s tax/entrepreneurial standing;ZLWK WKH FOLHQWl¶xxXxx dinWgD; [ HQWUHSUHQHXULD
5.1.4 to use account designated for entrepreneurial purposes solely in case of relevant tax/entrepreneurial standing. The client shall otherwise not be entitled to use the account for entrepreneurial purposes;
5.1.5 upon the bank’s request immediately to present and supply the bank with any and XSRQ WKH EDQN¶V toUpHreTseXntHaVndWsu pLplyPthPeHbaGnkLwDithWaHnyOa\nd all signed originals or duly certified copies of documents and information (invoice, agreement, letter, etc.) related to banking operationsthe client and performed operations by the client. The client shall be responsible for authenticity, acccuyraand validity of the documents so presented and supplied;
5.1.6 to comply with the conditions of this agreement;
5.1.7 to comply with the procedures described in the sources disseminated by the bank;
5.1.8 to pay the commission fees on time;
5.1.9 to sign and submit to the bank thebank in no later than 3 (three) calendar days after receipt of the request from the bank any kind of document necessary for the latter to effect its rights and carry out the obligation(s) of the client hereunder;
5.1.10 Fully reimburse to fully compensate for all and any and all costs expensseincurred by the bank (including ones related to sending notification to the customer) related to conclusion, attestation, registration, execution andcancelation performance and cancellation of this agreement and any other agreement signed formed within it and/or any expenses because of the scope hereof and/orthe costs incurred by breach of the bank due to the client’s default on obligations assumed by this agreement (including the client notification costs)undertaken obligation.
5.2 The the bank shall be under obligation:
5.2.1 to provide the client with information on the status of the client’s account upon its request;
WR SURYLGH WKH FOLHQW ZLWK LQIRUPDWLRQ RQ WKH VWDW 5.2.2 to perform the client’s instruction according to this agreement and relevant legislation;
WR SHUIRUP WKH FOLHQW¶V LQVWUXFWLRQ DFFRUGLQJ WR W 5.2.3 to observe the conditions of this agreement.
5.3 The client shall be prohibited from using any service provided hereunder for illegal purposes, including for a purchase of goods or service that are prohibited under the laws of Georgia.
5.4 The bank is not obliged to notobligedto provide client with information on changes (including changes related to the beneficial or indexed interest rates);
5.5 Policy for the prevention of tax evasion
5.5.1 Parties declare and guarantee that:
5.5.1. 1Each of them as well as their subsidiaries, parent companies, and related persons shall conduct their activities and business relationships in good faith and lawful conduct, observing high standards of ethics. Parties have zero tolerance policy towards corruption, tax fraud, facilitation of tax evasion in any form and any other kind of criminal acts and keep the abo-vmeentioned issues under permanent control.
5.5.1. 2Parties, as well as persons connected to them: members ofstehneior management, authorized persons, representatives, employees or other staff of their subsidiaries or parent companies shall not participate in any activities, which may facilitateof (direct or indirect) corruption, tax fraud and tax evasion in any form.
5.5.1. 3None of them or their Associated Personhsave been found guilty and/or accused in corruption, tax fraud and facilitation of tax evasion cases.
5.5.1. 4A breach of any provision of the above Policy may lead to the termination of both this contract and any previous agreement between the Parties. However, such termination does not relieve the infringing party and/or member of its senior management, authorized person, representative, employee or other staff or associated person, of the liability and the correspdoing sanctions, as provided by the legislation (Including potential criminal responsibility). In addition, the Parties confirm that a Party shall not be liable for an action of a member of the senior management, authorized person, other personnel or an associated person and/or associated company, if the person was not acting on behalf and by order of the Party.
5.5.1. 5These representations and warranties shall remain in force until the Parties to this Agreement duly and timely fulfill the provisions of this Agreement and/or all other agreement(s) previously concluded by the Parties, in spite of full or partial termination of such agreement(s).
5.5.1. 6Any party shall immediately inform the other side of the circumstance(s), which may result in a contradiction and/or violation of these guarantees, as well as the occurrence of any events or circumstances that may endanger dufuell and due fulfillment of the obligations under the Agreement(s). Depending on the seriousness of violations of the above guarantees, the Bank harisghthteto demand that the contracting Party provide its statements and records.
Appears in 1 contract
Samples: Banking Operations Agreement
