Common use of OTHER CLAIMS ON THE ACCOUNT Clause in Contracts

OTHER CLAIMS ON THE ACCOUNT. If the Bank has notice of a possible claim or interest under any court order, statutory demand, or other governmental legislation, the the Customer acknowledges that the Bank may refuse to: )a) permit the Customer to have any dealings with the Account; or (b) honour cheques or other items drawn on the Account. The Bank will not be liable for any loss or damage resulting from such refusal and the Bank is under no duty or obligation to inform the customer of any requests made for information regarding the customer’s account by authorized governmental bodies and/or pursuant to a Court order, generally and in particular, if the applicable legislation by which the requesting authority derives power provides that the Bank is not to disclose the same.

OTHER CLAIMS ON THE ACCOUNT. If the Bank has notice of a possible claim claims or interest under any court order, statutory demand, or other governmental legislation, the the Customer acknowledges that the Bank may refuse to: )a) to permit the Customer to have any dealings with the Account; Account or (b) honour honor cheques or other items drawn on the Account. The Bank will not be liable for any loss or damage damages resulting from such refusal and the Bank is under no duty or obligation to inform the customer Customer of any requests made for information regarding the customer’s account Account by authorized governmental bodies and/or pursuant to a Court court order, generally and in particular, if the applicable legislation by which the requesting authority derives power provides that the Bank is not to disclose the same.

OTHER CLAIMS ON THE ACCOUNT. If the Bank has notice of a possible claim or interest under any court order, statutory demand, or other governmental legislation, the the Customer acknowledges that the Bank may refuse to: )a) permit the Customer to have any dealings with the Account; or (b) honour cheques or other items drawn on the Account. The Bank will not be liable for any loss or damage resulting from such refusal and the Bank is under no duty or obligation to inform the customer of any requests made for information regarding the customer’s account by authorized governmental bodies and/or pursuant to a Court order, generally and in particular, if the applicable legislation by which the requesting authority derives power provides that the Bank is not to disclose the same.