Common use of Right of Withdrawal from the Agreement Clause in Contracts

Right of Withdrawal from the Agreement. 13.1. The Customer does not have the right, to unilaterally, without stating the reason, withdraw from the Agreement in accordance with the Law of Georgia On the Protection of Consumer Rights; 13.2. Notwithstanding the Subparagraph 13.1. of this Annex No. 1, in case (1) the Customer is a natural person, (2) the Credit Agreement is executed with the personal (non-commercial) purpose, (3) the Credit Agreement is an Agreement Concluded Outside of Place of Business, and (4) the Customer’s obligation to the Bank under the Credit Agreement is secured with immovable property, the Customer has the right to withdraw from the Credit Agreement in accordance with the Law of Georgia On the Protection of Consumer Rights (except for the cases specified in Paragraphs 13.3 and

Appears in 4 contracts

Samples: Credit Agreement, Credit Agreement, Credit Agreement

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