Common use of THE PURPOSE OF ISSUING Clause in Contracts

THE PURPOSE OF ISSUING. THE GENERAL BUSINESS CONDITIONS 3.1. Setting these general rules defining, as clearly as possible, the basis and extent of the interests, both of the Bank and of the Customer, is necessary for setting relations of trust, in order to facilitate the execution of any transactions and to promote the compliance with the standards of banking practice and conduct in all the fields of the relations of the Bank with its Customers. 3.2. The business relationships between the Customers and the Bank are based on mutual trust. The Bank aims to provide to its Customers all its services and professionalism and shall make all efforts to protect their interests while performing the transactions. 3.3. The Bank shall provide to the Customers information on banking services and shall provide, upon request, assistance and guidance. 3.4. The Bank shall follow its own strategy in providing services, products and facilities. 3.5. The Customer is held responsible if by its inappropriate business conduct, by non-observing the legal provisions or obligations undertaken towards the Bank, caused a prejudice (including a reputation prejudice) to the Bank. To this effect, the Customer undertakes to unconditionally and irrevocably pay, at the Bank's simple request, the owed sums, otherwise the Bank is entitled to proceed to the recovery of any receivables, movable or fixed assets from the Customer's patrimony, in the virtue of the right of general xxxx provided for in art. 2324 Civil Code.