Common use of Unwinding (kumimodoshi Clause in Contracts

Unwinding (kumimodoshi. 10.1 If the Customer wishes to cancel the request for remittance after the Contract has been entered into, such cancellation shall be processed in accordance with the following unwinding (kumimodoshi) procedures by Fax Banking or other methods the Bank accepts: (i) When requesting an unwinding (kumimodoshi), the Customer shall submit to the Bank, a request form for unwinding (kumimodoshi) as prescribed by the Bank (the “Overseas Remittance Unwinding Request Form”) with the name and seal (or signature) identical to those used on the Overseas Remittance Request Form, along with the copy of the Overseas Remittance Request Form and documents prescribed and required by the Bank. In such case, the Bank may request the Customer to submit identity verification documents as prescribed by the Bank. In addition, when a Demand Draft has been issued to the Customer, such Demand Draft shall also be submitted. (ii) The Bank shall, in accordance with the Overseas Remittance Unwinding Request Form, implement necessary procedures for the unwinding (kumimodoshi) such as issuing n unwinding (kumimodoshi) instruction by using Banks Concerned and communication methods considered appropriate by the Bank. (iii) When the Bank receives a refund relating to the remittance from the Banks Concerned who have accepted the unwinding (kumimodoshi), the Bank will immediately return such amount to the Customer. In such event, the Customer shall submit a receipt as prescribed by the Bank with the name and seal (or signature) identical to those used on the Overseas Remittance Request Form. In such case, the Bank may request the Customer to submit identity verification documents as prescribed by the Bank. 10.2 When the Bank makes the unwinding (kumimodoshi) after verifying, with reasonable care, that the seal (or signature) used on the Overseas Remittance Unwinding Request Form matches with the one which was used on the Overseas Remittance Request Form, the Bank shall not be responsible for any damages caused thereby.10.3 The unwinding (kumimodoshi) provided for in this Article may not be handled due to reasons such as refusal by the Banks Concerned, legal and regulatory restrictions, and actions taken by the government, courts or other public authorities.

Unwinding (kumimodoshi. 10.1 If the Customer wishes to cancel the request for remittance after the Contract has been entered into, such cancellation shall be processed in accordance with the following unwinding (kumimodoshi) procedures by Fax Banking or other methods the Bank accepts: (i) When requesting an unwinding (kumimodoshi), the Customer shall submit to the Bank, a request form for unwinding (kumimodoshi) as prescribed by the Bank (the “Overseas Remittance Unwinding Request Form”) with the name and seal (or signature) identical to those used on the Overseas Remittance Request Form, along with the copy of the Overseas Remittance Request Form and documents prescribed and required by the Bank. In such case, the Bank may request the Customer to submit identity verification documents as prescribed by the Bank. In addition, when a Demand Draft has been issued to the Customer, such Demand Draft shall also be submitted. (ii) The Bank shall, in accordance with the Overseas Remittance Unwinding Request Form, implement necessary procedures for the unwinding (kumimodoshi) such as issuing n unwinding (kumimodoshi) instruction by using Banks Concerned and communication methods considered appropriate by the Bank. (iii) When the Bank receives a refund relating to the remittance from the Banks Concerned who have accepted the unwinding (kumimodoshi), the Bank will immediately return such amount to the Customer. In such event, the Customer shall submit a receipt as prescribed by the Bank with the name and seal (or signature) identical to those used on the Overseas Remittance Request Form. In such case, the Bank may request the Customer to submit identity verification documents as prescribed by the Bank. 10.2 When the Bank makes the unwinding (kumimodoshi) after verifying, with reasonable care, that the seal (or signature) used on the Overseas Remittance Unwinding Request Form matches with the one which was used on the Overseas Remittance Request Form, the Bank shall not be responsible for any damages caused thereby.10.3 The unwinding (kumimodoshi) provided for in this Article may not be handled due to reasons such as refusal by the Banks Concerned, legal and regulatory restrictions, and actions taken by the government, courts or other public authorities.