Common use of PROCEDURE FOR CREATION OF A GUARANTEED PAYMENT Clause in Contracts

PROCEDURE FOR CREATION OF A GUARANTEED PAYMENT. 5.6.2.1. Upon making the Application for the Guaranteed Payment Banking Service between the Payer Client and the Bank, the Payer Client has the right to create Guaranteed Payments by means of the Client-Bank System within the Available Guarantee Payments Limit by filling in and signing the relevant Guaranteed Payment Applications in the Client- Bank System. The Payer Client has the right to create an unlimited number of Guaranteed Payments within the Available Guaranteed Payment Limit as of the time of creation of each Guaranteed Payment.

Appears in 5 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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