ContractFebruary 25th, 2021
FiledFebruary 25th, 2021Opening Current Account via ARB Website AgreementFor Individual Enterprises and One-Person Companies Definitions & Interpretation A. DefinitionsThe following words and expressions, wherever stated herein, shall have the meanings ascribed thereto, unless the context requires otherwise: First Party: The bank as prescribed in Clause (First) herein.Second Party: The bank’s legal client as prescribed in Clause (First) herein who signed this Agreement via a proxy or under a decision issued by shareholders/BOD. The definition shall include the Client’s Representative or Delegate.Current Account: An accounting record maintained by a bank and generated hereunder at the request of the client. The Agreement sets out the rights and obligations of each of the parties including accounting entries posted by the bank in accordance with the applicable laws, regulations, acceptable rules and practices.B. InterpretationIn this Agreement, unless the context otherwise requires:1. References to years, month