ContractFunds Transfer Agreement • April 19th, 2020
Contract Type FiledApril 19th, 2020Terms and Conditions for Funds TransferThis Terms and Conditions for Funds Transfer is an integral part of the FransiGlobal Service Agreement signed between the undersigned (“Customer”) and Banque Saudi Fransi (“Bank”) on / / . In consideration of the Bank’s transferring of funds from the Customer’s account(s) in favor of a beneficiary or beneficiaries (“Beneficiary”), the Customer agrees to the following terms and conditions:1) The Bank shall, at its discretion, have the right to make use of any correspondent or agent to effect transfer of funds on behalf of the Customer and shall not be liable for any of its correspondent’s or agent’s errors, defaults, delays or omissions.2) Neither the Bank nor any of its correspondents or agents shall be held liable for any loss or damage resulting from any interruptions, delays, errors, omissions, or mutilations occurring in the mail, telex, wire, cable or SWIFT services or on the part of any postal and telegraph authority or resulting from any ot