Definice Frame Agreement
Examples of Frame Agreement in a sentence
Any payments made by the Client under the Frame Agreement must be without any deductions.
The Conditions form an integral part of the Frame Agreement concluded between the Bank and the Client and determine the part of its content.
The Conditions and the General Conditions form part of the Frame Agreement on Provision of Financial Services (hereinafter the “Frame Agreement”) and contracts concluded within its framework based on which the Bank provides the Client with Financing.
The Client is obliged to repay Financing at the dates and in the manner agreed in the Frame Agreement in the currency in which Financing has been provided without any reduction due to set-off, counterclaim or a legal act with similar effects.
The Client does not pay on the due date any financial debt arising under the Frame Agreement or fails to provide sufficient funds on its Current Account to settle a payment that has become due and payable under the Frame Agreement.
In case of any discrepancy between the Conditions and the Frame Agreement, the Frame Agreement shall prevail.
The Client undertakes to keep the Current Account with the Bank throughout the effective period of the Frame Agreement.
This form of Credit shall bear interest agreed individually in the respective contract concluded under the Frame Agreement.
The Client undertakes that its debts under the Frame Agreement shall be at least at an equal rate (pari passu) as compared to any other of its existent and future debts, in terms of the security of such debts and the order of their satisfaction, with the exception of the mandatory provisions of legal regulations.
Any and all disputes arising under the Frame Agreement or in connection therewith shall be decided by the general courts of the Czech Republic.