Common use of Procedure for changing the Standard Interest Rate Clause in Contracts

Procedure for changing the Standard Interest Rate. 5.4.4.1.1. The Bank has right to unilaterally change the Standard Interest Rate (including, but not limited to, the suspension of interest accrual on the Balance), provided that the Bank warns the Client about such changes not less than 7 (seven) calendar days before the date of a new Standard Interest Rate are applied, indicating when the new Standard Interest Rate takes effect. Moreover, the Parties have agreed that the Bank is deemed to have properly warned the Client about changing the Standard Interest Rate if he has informed the Client by posting information on the Bank's Official Website. 5.

Appears in 10 contracts

Samples: Agreement on Opening Accounts, Cash and Settlement Services and Provision of Other Banking Services, Agreement on Opening Accounts, Cash and Settlement Services and Provision of Other Banking Services, Agreement on Opening Accounts, Cash and Settlement Services and Provision of Other Banking Services

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