Common use of PROCEDURES FOR OPENING THE ACCOUNT Clause in Contracts

PROCEDURES FOR OPENING THE ACCOUNT. The account opened by the Bank for the Client is an account intended for recording all transactions taking place between the parties, transforming them into simple debit or credit items and, when said account is closed, generating a balance that will show any receivable or payable due. At the time of opening the account, the Client must provide proof of its existence or any other document that the Bank may consider useful to ask for, and its representatives or agents of their identity, by presenting an official document bearing their photograph. The Client may carry out is transactions under a business name, an acronym or a distinctive banner with its corporate name, provided that said business name, acronym or banner is indicated on an extract of registration in the Trade and Companies Register. Such transactions shall be recorded on its account under the same terms and conditions and with the same guarantees as those carried out under its corporate name. The Client undertakes to notify the Bank without delay of any modification made to information concerning it, and in particular any change in corporate name, legal name, banner, acronym or business name, registered office, legal form, or tax status, and provide proof thereof on first request.

PROCEDURES FOR OPENING THE ACCOUNT. The account opened by the Bank for the Client is an account intended for recording all transactions taking place between the parties, transforming them into simple debit or credit items and, when said account is closed, generating a balance that will show any receivable receiv able or payable due. At the time of opening the account, the Client must provide proof of its existence or any other document that the Bank may consider useful to ask for, and its representatives or agents of their identity, by presenting an official document bearing their photograph. The Client may carry out is transactions under a business name, an acronym or a distinctive banner with its corporate name, provided that said business name, acronym or banner is indicated on an extract of registration in the Trade and Companies Register. Such transactions shall be recorded on its account under the same terms and conditions and with the same guarantees as those t hose carried out under its corporate name. The Client undertakes to notify the Bank without delay of any modification made to information inf ormation concerning it, and in particular any change in corporate name, legal name, banner, acronym or business name, registered office, legal form, or tax status, and provide prov ide proof thereof on first request.

PROCEDURES FOR OPENING THE ACCOUNT. The account opened by the Bank for the Client is an account intended for recording all transactions taking place between the parties, transforming them into simple debit or credit items and, when said account is closed, generating a balance that will show any receivable or payable due. At the time of opening the account, the Client must provide proof of its existence or any other document that the Bank may consider useful to ask for, and its representatives or agents of their identity, by presenting an official document bearing their photograph. The Client may carry out is transactions under a business name, an acronym or a distinctive banner with its corporate name, provided that said business name, acronym or banner is indicated on an extract of registration in the Trade and Companies Register. Such transactions shall be recorded on its account under the same terms and conditions and with the same guarantees as those carried out under its corporate name. The Client undertakes to notify the Bank without delay of any modification made to taking place in information concerning it, it and in particular any change in corporate name, legal name, banner, acronym or of business name, registered office, legal form, or tax status, and provide proof thereof on first request.