Common use of PAYMENT OF CAPITAL Clause in Contracts

PAYMENT OF CAPITAL. Unless the fixed time deposit is renewed, at the expiration date THE BANK shall pay the deposited money, and it shall do so as stipulated in the instructions given at the time of the opening or renewal of the fixed time deposit, as the case may be, being understood that such instructions shall be given in a clear and precise manner and in the form required and accepted by THE BANK and that, otherwise, THE BANK shall act as it deems most convenient, at its sole discretion, unless the deposit is pledged.

PAYMENT OF CAPITAL. Unless the fixed time term deposit is renewed, at the expiration date THE BANK shall will pay the deposited money, and it shall will do so as in the form that it stipulated in the instructions given at the time of the opening or the renewal of the fixed time depositterm deposit Fixed, as the case may be, it being understood that such instructions shall be given in a clear and precise manner and in the form required and accepted by THE BANK and that, otherwise, THE BANK shall act as in the manner it deems most convenient, at to its sole discretionCriterion, unless the deposit is pledged.