Common use of REDUCTION FOR TAXES AND OTHER CAUSES Clause in Contracts

REDUCTION FOR TAXES AND OTHER CAUSES. THE BANK shall not be responsible to the CUSTOMER in the event that the account is reduced by taxes, contributions or devaluation rates or by the unavailability of all or part of the assets or securities deposited subject to exchange controls, attachments, embargoes, acts of authority or for any cause beyond the control of THE BANK. The BANK shall neither assume any responsibility for delays in the payment of checks or in the attention of orders or instructions.

Appears in 15 contracts

Samples: Banking Products and Services Agreement, Banking Products and Services Agreement, Banking Products and Services Agreement

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