Rbc Application And Agreement For Standby Letter Of Credit Or Guarantee

Rbc Application And Agreement For Standby Letter Of Credit Or Guarantee

“electronic communication” means any information, disclosure, request or other communication or agreement that is sent, received or accepted through an electronic channel; “breach of security” means any breach of the security of the Service or any use, actual or imminent, of the Service, a security device or an electronic channel in a manner contrary to this Agreement, including, but not limited to, the introduction into service of a deactivation code or virus; If you cancel your application, all the information you have entered will be deleted. The terms of any import credit (in this Annex “A”, a “credit” that may be issued and cashed by the Royal Bank at the request of an authorized applicant, are set out as follows, subject to any changes in credit that may be made from time to time by the Royal Bank. `collection` means any process in which the Royal Bank acts on behalf of the customer to recover payments relating to a credit of which the customer is the beneficiary; “credit” means a credit, a standby credit or a letter of guarantee; (15) Direct debit and compensation credits. Royal Bank has the right (but not the obligation) to use at any time and without notice a credit (whether due or not) to an account in the customer`s name (in any currency) at a branch or branch of Royal Bank, or to satisfy an amount owed by the customer to the customer in connection with the service or credit. Guarantee of recovery or shipment or withholding of these sums of funds to be paid to the customer by other means. For this purpose, royal bank is irrevocably authorised to use all or part of this credit for the purchase of other currencies necessary for such an application. Notwithstanding other provisions of these Terms, Royal Bank may, at any time or from time to time without notice to the Customer or any other person, calculate, appropriate and enforce all deposits (in general and in particular) of the Customer with a branch due or not of the Royal Bank, regardless of the currency and other debts incurred by the Royal Bank to the Customer, for and on behalf of those to be paid to the Royal Bank under these Terms or the Customer`s liability to the Royal Bank, whether the Royal Bank has made claims for payment in accordance with these Terms, whether the amounts payable are due or the liabilities are conditional. “export credit” means a flow-through credit issued by a foreign bank to a domestic exporter at the request of a foreign buyer; 19. Exemption. Except to the extent directly caused by Royal Bank`s negligence or wilful misconduct, the Customer agrees to exempt and maintain Royal Bank harmless from any losses that Royal Bank may suffer or suffer as a result of the Customer`s access to or use of the Service or (ii) any of these Terms. . . .