Validity Term, Amendment and Termination of the Agreement. 6.1. This Agreement shall enter into effect immediately after the Bank confirms the receipt of the Application or receives the Merchant’s notification (request/consent) via remote channel (including email and internet banking) regarding the use of any service(s) envisaged in this Agreement, and shall remain in force indefinitely; 6.2. The Merchant may terminate any or all services envisaged hereunder by giving the Bank 15 (fifteen) calendar days’ written notice. In this case, the Merchant shall pay the Bank all fees and other charges related to the service(s) in question within 5 (five) calendar days of submitting a service termination notice to the Bank; 6.3. The Bank may terminate the Agreement at any time by giving the Merchant 15 (fifteen) calendar days’ written notice. The Agreement shall be deemed terminated after all financial, organizational and technical matters are settled; 6.4. The Bank may revise terms and conditions and features of the services(s) described herein and/or the respective charges (if the Bank’s tariffs change) and propose the Client revised terms and conditions and/or charges or terminate any or several services envisaged by the Agreement or annexes hereto; 6.5. The Bank can exercise its right(s) set forth in Paragraphs 2.2, 2.3 and/or 2.4 of these Standard Terms for 180 (one hundred and eighty) days from the termination of the Agreement.
Appears in 5 contracts
Samples: E Commerce Agreement, E Commerce Agreement, E Commerce Agreement
