When the "Customer Acknowledgment and Waiver" referred to in the Second Schedule appended to this Regulation is signed by an Eligible Depositor and/or Investor, it shall constitute a waiver of any claims he (or his successors or assigns) may wish to make against the Lead Mandated Bank and/ or the Mandated Bank(s) and/or the Board in the future in respect of the amount being paid to him, and, a waiver to the Board of all his rights and interests to related to that proportion of his claim against the defaulting bank.

Upon receipt of the signed Customer Acknowledgment and Waiver from an Eligible Depositor and/or Investor, the Lead Mandated Bank and/ or the Mandated Bank(s) shall pay the amount referred to in the certificate to such Eligible Depositor and/or Investor.