Common use of THE BANK’S DISCHARGE FROM OBLIGATIONS AND LIABILITY Clause in Contracts

THE BANK’S DISCHARGE FROM OBLIGATIONS AND LIABILITY. 4.1 The Bank shall not be liable for in any case for deterioration or damage to the contents of the Locker whether caused by rain, flood, earthquake, lighting, civil disturbance or commotion, riot or war or in the event of any terrorist attack or by any other similar cause(s). 4.2 The Bank shall not be liable for any damage/ loss of contents of the Locker arising from any act that is attributable to the fault or negligence of the Customer whatsoever. 4.3 The Bank shall be discharged of its obligations and shall not be liable for any cost, loss or liability incurred by the Customer (including for any damage and/or loss of contents of Locker) in the event the Locker is broken open and its contents dealt with in keeping with the provisions of this Agreement. 4.4 Regardless of the above, the Bank’s liability on the Locker shall always be subject to limitation under the applicable law and regulation. 4.5 The contents of the Locker shall in no manner be considered insured by the Bank, and the Bank shall not have any liability to insure the contents of the locker against any risk whatsoever. 4.6 The Bank is not required to be aware of the contents of locker or maintains any records of any article/s removed from or placed in the locker by the Lessee/s. The Bank under any circumstances is not liable to insure the contents of the locker against any risk whatsoever.

Appears in 2 contracts

Samples: Safe Deposit Locker Agreement, Safe Deposit Locker Agreement

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THE BANK’S DISCHARGE FROM OBLIGATIONS AND LIABILITY. 4.1 The Bank shall not be liable for in any case for deterioration or damage to the contents of the Locker whether caused by acts of God, rain, flood, pandemic, epidemic, earthquake, lighting, civil disturbance or commotion, riot or war or in the event of any terrorist attack or by any other similar cause(s). 4.2 The Bank shall not be responsible and liable in any manner for any damage/ loss of contents of the Locker arising from any act that is attributable to the fault or negligence of the Customer Licensee whatsoever. 4.3 The Bank shall be discharged of all its obligations and shall not be responsible and liable in any manner for any cost, loss or liability incurred by the Customer Licensee (including for any damage and/or loss of contents of Locker) in the event the Locker is broken open and its contents dealt with in keeping with the provisions of this Agreement. 4.4 Regardless of the above, the Bank’s 's liability on the Locker shall always be subject to limitation under the applicable law and regulation. 4.5 The contents of the Locker shall in no manner be considered insured by the Bank, and the Bank shall not have any responsibility and liability to insure the contents of the locker Locker against any risk whatsoever. 4.6 The Bank is not required to be aware of the contents of locker or maintains any records of any article/s removed from or placed in the locker by the Lessee/s. The Bank under any circumstances is not liable to insure the contents of the locker against any risk whatsoever.

Appears in 1 contract

Samples: Safe Deposit Locker Agreement

THE BANK’S DISCHARGE FROM OBLIGATIONS AND LIABILITY. 4.1 The Bank shall not be liable for in any case for deterioration or damage to the contents of the Locker whether caused by rain, fire, flood, earthquake, lighting, civil disturbance or commotion, riot or war or in the event of any terrorist attack or by any other similar cause(s). 4.2 The Bank shall not be liable for any damage/ loss of contents of the Locker arising from any act that is attributable to the fault or negligence of the Customer whatsoever. 4.3 The Bank shall be discharged of its obligations and shall not be liable for any cost, loss or liability incurred by the Customer (including for any damage and/or loss of contents of Locker) in the event the Locker is broken open and its contents dealt with in keeping with the provisions of this Agreement. 4.4 Regardless of the above, the Bank’s liability on the Locker shall always be subject to limitation under the applicable law and regulation. 4.5 The Bank do not keep a record of the contents of the locker or of any articles removed therefrom or placed therein by the customer and therefore, the contents of the Locker shall in no manner be considered insured by the Bank, and the Bank shall not have any liability to insure the contents of the locker against any risk whatsoever. 4.6 The Bank is not required to be aware of the contents of locker or maintains any records of any article/s removed from or placed in the locker by the Lessee/s. The Bank under any circumstances is not liable to insure the contents of the locker against any risk whatsoever.

Appears in 1 contract

Samples: Safe Deposit Locker Agreement

THE BANK’S DISCHARGE FROM OBLIGATIONS AND LIABILITY. 4.1 The Bank shall not be liable for in any case for deterioration or damage to the contents of the Locker whether caused by rain, fire, flood, earthquake, lighting, civil disturbance or commotion, riot or war or in the event of any terrorist attack or by any other similar cause(s). 4.2 The Bank shall not be liable for any damage/ loss of contents of the Locker arising from any act that is attributable to the fault or negligence of the Customer whatsoever. 4.3 The Bank shall be discharged of its obligations and shall not be liable for any cost, loss or liability incurred by the Customer (including for any damage and/or loss of contents of Locker) in the event the Locker is broken open and its contents dealt with in keeping with the provisions of this Agreement. 4.4 Regardless of the above, the Bank’s liability on the Locker shall always be subject to limitation under the applicable law and regulation. 4.5 4.4 The contents of the Locker shall in no manner be considered insured by the Bank, and the Bank shall not have any liability to insure the contents of the locker against any risk whatsoever. 4.6 The Bank is not required to be aware of the contents of locker or maintains any records of any article/s removed from or placed in the locker by the Lessee/s. The Bank under any circumstances is not liable to insure the contents of the locker against any risk whatsoever.

Appears in 1 contract

Samples: Safe Deposit Locker Agreement

THE BANK’S DISCHARGE FROM OBLIGATIONS AND LIABILITY. 4.1 a. The Bank shall not be liable responsible for in any case for or deterioration or damage to the contents of the Locker whether caused by rain, fire, flood, earthquake, lighting, civil disturbance or commotion, riot riot, or war or in the event of any terrorist attack or by any other similar cause(s). 4.2 b. The Bank shall not be liable for any damage/ loss of contents of the Locker arising from any act that is attributable to the fault or negligence of the Customer whatsoever. The Bank shall not provide any insurance against the contents of the Locker arising from any risk or eventwhatsoever. 4.3 c. The Bank shall be discharged of its obligations and shall not be liable for any cost, loss or liability incurred by the Customer (including for any damage and/or loss of contents of Locker) in the event the Locker is required to be broken open and its contents dealt with into, in keeping with the provisions of under this Agreement. 4.4 d. Regardless of the above, the Bank’s liability on the Locker shall always be subject to limitation under the applicable law and regulation. 4.5 The . Bank do not keep a record of the contents of the Locker or of any articles removed therefrom or placed therein by the Customer, the contents of the Locker shall in no manner be considered insured by the Bank, Bank and the Bank shall they would not have be under any liability to insure the contents of the locker Locker against any risk whatsoever. 4.6 The Bank is not required to be aware of the contents of locker or maintains any records of any article/s removed from or placed in the locker by the Lessee/s. The Bank under any circumstances is not liable to insure the contents of the locker against any risk whatsoever.

Appears in 1 contract

Samples: Safe Deposit Locker Agreement

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THE BANK’S DISCHARGE FROM OBLIGATIONS AND LIABILITY. 4.1 The Bank shall not be liable for in any case for deterioration or damage to the contents of the Locker whether caused by rain, flood, earthquake, lighting, civil disturbance or commotion, riot or war or in the event of any terrorist attack or by any other similar cause(s). 4.2 The Bank shall not be liable for any damage/ loss of contents of the Locker arising from any act that is attributable to the fault or negligence of the Customer whatsoever. 4.3 The Bank shall be discharged of its obligations and shall not be liable for any cost, loss or liability incurred by the Customer (including for any damage and/or loss of contents of Locker) in the event the Locker is broken open and its contents dealt with in keeping with the provisions of this Agreement. 4.4 Regardless of the above, the Bank’s liability on the Locker shall always be subject to limitation under the applicable law and regulation. 4.5 The Customer understands and agrees that the Bank do not keep a record of the contents of the Locker or of any articles removed therefrom or placed therein by the Customer, and therefore the contents of the Locker shall in no manner be considered insured by the Bank, and the Bank shall not have any liability to insure the contents of the locker Locker against any risk whatsoever. 4.6 The Bank In case, a Locker that is not required to be aware in operation for the prescribed number of years, is opened by the Bank and contents are released as per law and as per the instructions issued by the Reserve Bank of locker or maintains any records of any article/s removed from or placed India, in accordance with the terms and conditions prescribed in the locker by Agreement, the Lessee/s. The Bank under shall not liable, in any circumstances is not liable to insure manner, whatsoever, for the contents of the locker against any risk whatsoeversame.

Appears in 1 contract

Samples: Safe Deposit Locker Agreement

THE BANK’S DISCHARGE FROM OBLIGATIONS AND LIABILITY. 4.1 The Bank shall not be liable for in any case for deterioration or damage to the contents of the Locker whether caused by rain, flood, earthquake, lighting, civil disturbance or commotion, riot or war or in the event of any terrorist attack or by any other similar cause(s). 4.2 The Bank shall not be liable for any damage/ loss of contents of the Locker arising from any act that is attributable to the fault or negligence of the Customer whatsoever. 4.3 The Bank shall be discharged of its obligations and shall not be liable for any cost, loss or liability incurred by the Customer (including for any damage and/or loss of contents of Locker) in the event the Locker is broken open and its contents dealt with in keeping with the provisions of this Agreement. 4.4 Regardless of the above, the Bank’s liability on the Locker shall always be subject to limitation under the applicable law and regulation. 4.5 The contents of the Locker shall in no manner be considered insured by the Bank, and the Bank shall not have any liability to insure the contents of the locker against any risk whatsoever. 4.6 The Bank is shall also not required to be aware liable for any damage or loss resulting or arising from any delay caused by failure of the contents of locker vault doors or maintains any records of any article/s removed from or placed in locks while operating the locker by the Lessee/s. The Bank under any circumstances is not liable to insure the contents of the locker against any risk whatsoeverLocker.

Appears in 1 contract

Samples: Safe Deposit Locker Agreement

THE BANK’S DISCHARGE FROM OBLIGATIONS AND LIABILITY. 4.1 The Bank shall not be liable for in any case for deterioration or damage to the contents of the Locker whether caused by rain, flood, earthquake, lighting, civil disturbance or commotion, riot or war or in the event of any terrorist attack or by any other similar cause(s). 4.2 The Bank shall not be liable for any damage/ loss of contents of the Locker arising from any act that is attributable to the fault or negligence of the Customer whatsoever. 4.3 The Bank shall be discharged of its obligations and shall not be liable for any cost, loss or liability incurred by the Customer (including for any damage and/or loss of contents of Locker) in the event the Locker is broken open and its contents dealt with in keeping with the provisions of this Agreement. 4.4 Regardless of the above, the Bankbank’s liability on the Locker shall always be subject to limitation under the applicable law law, SOP of bank and regulation. 4.5 The contents of the Locker shall in no manner be considered insured by the Bank, and the Bank shall not have any liability to insure the contents of the locker against any risk whatsoever. 4.6 The Bank is not required to be aware of the contents of locker or maintains any records of any article/s removed from or placed in the locker by the Lessee/s. The Bank under any circumstances is not liable to insure the contents of the locker against any risk whatsoever.

Appears in 1 contract

Samples: Safe Deposit Locker Agreement

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