Terminating the Agreement. Cancelling the Card 4.14.1. It is expressly agreed that in case of breach of any term hereof, all of which are considered substantial, as well as if the Customer's economic status, credit standing or solvency deteriorate significantly, and in the event of bankruptcy, liquidation etc., the Bank is entitled to terminate this Contract with immediate effect and invalidate the Card, notifying the Customer accordingly at the same time. 4.14.2. To be valid, the Card must be linked to at least one account; if such account is closed or ceases to be linked to the Card for any reason whatsoever, the Bank is entitled to invalidate the Card. In addition, the Card is valid subject to the existence and/or proof of legal representation of the Customer from time to time. 4.14.3. Furthermore, given that this Agreement is of indefinite validity, the Bank reserves the right to terminate it at any time following two-month advance written notification to the Customer. 4.14.4. The Customer is entitled to terminate this Contract at any time by notifying the Bank in writing and invalidating the Card at the same time by cutting it in pieces and delivering it to any branch of the Bank. Until so delivering the Card, the Cardholder shall be fully liable for all transactions carried out with it. 4.14.5. If the framework agreement is terminated by the parties hereto under the articles thereof, this Agreement shall also be terminated.
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Samples: Single Agreement for Deposits and Associated Transactional Relationships, Single Agreement for Deposits and Associated Transactional Relationships, Single Agreement for Deposits and Associated Transactional Relationships
