TERMS AND PROCEDURE FOR OPENING AN ACCOUNT FOR A CLIENT Sample Clauses

TERMS AND PROCEDURE FOR OPENING AN ACCOUNT FOR A CLIENT. 5.1.1.1. The Bank opens an Account for the Client after fulfilling all the following conditions: - provision by the Client to the Bank of duly prepared and executed documents necessary for the identification (verification) of the Client, as well as his/her authorized persons, in accordance with the procedure established by the Legislation and/or internal documents of the Bank; - identification and verification of the Client and his/her authorized persons by the Bank; - provision by the Client to the Bank of a duly completed and executed Applications for opening an account, as well as other documents required for opening an Account in accordance with the Legislation and/or internal documents of the Bank. 5.1.1.2. The Bank opens an Account for the Client based on the Application for opening an account. At the same time, the Client has the right to open only one Current Account for the formation of the authorized/composite capital or share/indivisible fund of the business entity-legal entity (in national and/or foreign currency).
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TERMS AND PROCEDURE FOR OPENING AN ACCOUNT FOR A CLIENT. 5.1.1.1. The Bank opens an Account for the Client after fulfilling all the following conditions: - provision by the Client to the Bank of duly prepared and executed documents necessary for the identification (verification) of the Client, as well as his/her authorized persons, in accordance with the procedure established by the Legislation and/or internal documents of the Bank; - identification and verification of the Client and his/her authorized persons by the Bank; - provision by the Client to the Bank of a duly completed and executed Applications for opening an account, as well as other documents required for opening an Account in accordance with the Legislation and/or internal documents of the Bank. 5.1.1.2. The Bank opens an Account for the Client based on the Application for opening an account. At the same time, the Client has the right to open only one Current Account for the formation of the authorized/composite capital or share/indivisible fund of the business entity-legal entity (in national and/or foreign currency). A Current Account can be opened for the Client only if the Client has an open Current Account with the Bank or if the Client opens a Current Account with the Bank at the same time. Note: during the period of martial law in Ukraine, the Bank, at its discretion, may open a Current Account for the Client without the Client submitting a corresponding Application for opening an account. 5.1.1.3. The Bank may open an Account for the Client in national currency and/or foreign currency in which the Bank has a corresponding correspondent account. The currency of the Account is determined by the Client in the Application for opening an account. 5.1.1.4. The Account number is specified by the Bank in the Application for opening an account. The number of the Current Account in respect of which the Client is provided with the Banking Service is indicated in the Application for the provision of banking services or the Application for changing the terms of using banking services. The numbers of the Current Accounts for which the Client is provided with Banking Services are specified in the Application for the provision of banking services or the Application for changing the terms of using banking services or the Application for opening an account. In the event that the Client opens an additional Current Account with the Bank, the Client may stipulate in the relevant Application for account opening that the provision of payment and other services un...
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Related to TERMS AND PROCEDURE FOR OPENING AN ACCOUNT FOR A CLIENT

  • Important Information About Procedures for Opening a New Account To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial organizations to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, you are required to provide your name, residential address, date of birth, and identification number. We may require other information that will allow us to identify you.

  • Time Off for Selection Procedures A regular, limited-term or probationary employee shall be entitled to necessary time off with pay to participate in tests of fitness, examinations and interviews required by the Chief Human Resources Officer during working hours for the purpose of determining eligibility for movement to another class in the County service or transfer from one agency/department to another.

  • Rules of Grievance Processing 1. Time limits at any stage of the grievance procedure may be extended by mutual agreement of the parties at that step.

  • Suspension of Rules Relating to Recalcitrant Accounts The United States shall not require a Reporting [FATCA Partner] Financial Institution to withhold tax under section 1471 or 1472 of the U.S. Internal Revenue Code with respect to an account held by a recalcitrant account holder (as defined in section 1471(d)(6) of the U.S. Internal Revenue Code), or to close such account, if the U.S. Competent Authority receives the information set forth in paragraph 2 of Article 2 of this Agreement, subject to the provisions of Article 3 of this Agreement, with respect to such account.

  • Opening an Account Stripe may use information that you provide to Stripe and its Affiliates about a Connected Account to (a) determine the Connected Account’s eligibility to be a Stripe Issuing Accountholder; (b) administer the Stripe Issuing Program; and (c) monitor each Stripe Issuing Accountholder’s Principal Owners, Stripe Issuing Administrators, Card Authorised Users, representatives, and individuals with significant responsibility for management, including executives and senior managers, for the purpose of meeting Stripe’s obligations under Law. Stripe may reject any Connected Account application for, and terminate any Stripe Issuing Accountholder’s access to, the Stripe Issuing Services immediately if any Connected Account, Stripe Issuing Accountholder, Principal Owner, Stripe Issuing Administrator, Card Authorised User, representative, or individual with significant responsibility for management is or becomes a High-Risk Person or uses the Stripe Issuing Program for a Card Unauthorised Purpose.

  • Special Rules for New Accounts If you are a new member, the following special rules will apply during the first 30 days your account is open. Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers, and the first $5,525.00 of a day’s total deposits of cashier’s, certified, teller’s, traveler’s, and federal, state, and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be made payable to you. The excess over $5,525.00 will be available on the ninth business day after the day of your deposit. If your deposit of these checks (other than a U.S Treasury check) is not made in person to one of our employees, the first $5,525.00 will not be available until the second business day after the day of your deposit. Funds from all other check deposits will be available on the ninth business day after the day of your deposit.

  • Terms and Conditions Pertaining to Individual Account Service Title Title to Firm Full-Requirements Power Supply will transfer from Competitive Supplier to Participating Customers at the Point of Sale. In accordance with the Distribution Utility's Terms and Conditions for Competitive Suppliers, the Competitive Supplier will be responsible for any and all losses incurred on the local network transmission systems and distribution systems, as determined by the Distribution Utility. Billing and Payment Unless otherwise specified in an Exhibit to this ESA, all billing under this ESA shall be based on the meter readings of each Participating Customer's meter(s) performed by the Distribution Utility. Competitive Supplier shall cause the Distribution Utility to prepare and mail bills to Participating Customers monthly. The Competitive Supplier shall adopt the billing and payment terms offered by the Distribution Utility to its Eligible Customers on Default Service. If actual meter date is unavailable, the Competitive Supplier may cause the Distribution Utility to bill based on its good faith estimates of usage. Any overcharge or under-charge will be accounted for in the next billing period for which actual meter data is available. Regional and Local Transmission The prices quoted in Exhibit A do not include current and future charges for distribution service costs collected by the Distribution Utility under its distribution service tariff or local transmission costs as may be imposed by NYISO or individual electric utilities that have FERC transmission tariffs. The Competitive Supplier understands that these costs will be collected by the Distribution Utility. If, in the future, Competitive Supplier becomes responsible for such distribution or transmission costs, Competitive Supplier shall be entitled to collect such costs from Participating Customers to the extent permitted by any Governmental Rules. These costs are "pass through" costs as determined by the appropriate regulatory agencies.

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