Common use of PACKAGE REPLACEMENT Clause in Contracts

PACKAGE REPLACEMENT. The Customer may choose to replace the held package with another Package provided by the Bank when the replacement is made, by a written application submitted to the Bank. In this situation, the products/services included in the old Package: (i) shall be included in the new package, if they are found in its structure (unless the transfer from one Package to another is technically impossible) and are subject to the conditions applicable to the products/services included in the new Package, including (without limitation) the applicable costs, interests applied by the Bank, etc.; (ii) if they are not in the structure of the new Package, they are to be subject to the conditions applicable to the products/services which are individually contracted, outside the Package, including (without limitation) applicable costs, interests applied by the Bank, etc., unless the Customer expressly requests their termination/cancellation according to the contractual provisions applicable to each product/service. For changing a Package with another a commission is applied according to the application for purchasing banking products and services. If the Customer owns a Package which includes the capitalization of the funds from the main current account and requests its replacement with a Package which does not provide this capitalization, for the month in which the replacement is made the credit interest is not capitalized for the funds from the main current account.