Common use of Other general terms of the Deposit Agreement Clause in Contracts

Other general terms of the Deposit Agreement. 1.3.1. If the deposit agreement is attached (whether from the start or subsequently) to a joint, survivorship account in the names of the co-beneficiaries set out in the account's Application Form, the terms below shall apply: The deposit is governed by the provisions of Law 5638/1932 on Deposits in Joint Accounts, as amended. Accordingly, each one of the co-beneficiaries is entitled to partial or total utilization of the deposit account without any consent, approval or other concomitant act whatsoever on the part of any other co-beneficiary, even for early withdrawals (following the Bank’s authorization) from notice accounts. In the event of death of any one of a number of account cobeneficiaries, the deposit funds and the account shall ipso jure come to the survivor(s). Each beneficiary or cobeneficiary of a deposit account with the Bank shall be severally liable to the Bank for any of the Bank's claims under such account (pursuant to Law 5638/1932). The Customer hereby accepts that any one of a number of co-beneficiaries of a joint, survivorship account is entitled to oral or written information on any transaction performed on the account, and to a copy of the respective cash vouchers kept with the Bank. Orders given by any one of a number of cobeneficiaries are binding on all co-beneficiaries. If it is agreed that the deposit agreement and the deposit account have (or will have) an "and" clause, for its operation

Appears in 4 contracts

Samples: Single Agreement, Single Agreement, Single Agreement

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Other general terms of the Deposit Agreement. 1.3.11.3.1 . If the deposit agreement is attached (whether from the start or subsequently) to a joint, survivorship account in the names of the co-beneficiaries set out in the account's Application Form, the terms below shall apply: The deposit is governed by the provisions of Law 5638/1932 on Deposits in Joint Accounts, as amended. Accordingly, each one of the co-beneficiaries is entitled to partial or total utilization of the deposit account without any consent, approval or other concomitant act whatsoever on the part of any other co-beneficiary, even for early withdrawals (following the Bank’s authorization) from notice accounts. In the event of death of any one of a number of account cobeneficiaries, the deposit funds and the account shall ipso jure come to the survivor(s). Each beneficiary or cobeneficiary of a deposit account with the Bank shall be severally liable to the Bank for any of the Bank's claims under such account (pursuant to Law 5638/1932). The Customer hereby accepts that any one of a number of co-beneficiaries of a joint, survivorship account is entitled to oral or written information on any transaction performed on the account, and to a copy of the respective cash vouchers kept with the Bank. Orders given by any one of a number of cobeneficiaries are binding on all co-beneficiaries. If it is agreed that the deposit agreement and the deposit account have (or will have) an "and" clause, for its operation

Appears in 1 contract

Samples: Single Agreement

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