Common use of Other General Terms Clause in Contracts

Other General Terms. 2.3.1. If the present 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 Appendix, 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 co-beneficiaries, the deposit funds and the account shall ipso jure come to the survivor(s). Each beneficiary or co-beneficiary 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 Depositor 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 NBG. Orders given by any one of a number of co-beneficiaries are binding on all co-beneficiaries.