Versions

 

SECOND SCHEDULE The Deposits and Unrestricted Investment Accounts Protection Board Customer Acknowledgement and Waiver

I, [ ], the undersigned, born on [ ], with [ ] nationality and currently residing at [ ]

Being a creditor/ agent or representative of a creditor/an assignee of an original creditor (delete as inapplicable) of the defaulting bank for an amount of BD [ ], acknowledge receipt from the [lead] mandated bank of a cheque, drawn on the [lead] mandated bank and dated [ ], in the amount of BD [ ], being the full amount of compensation due to me as an Eligible Depositor and/or Investor under the Regulation Protecting the Deposits and Unrestricted Investment Accounts issued pursuant to Resolution No. (34) of 2010.

I hereby unconditionally and irrevocably waive all my rights, benefits and privileges of any type whatsoever and howsoever occurring against the [lead] mandated bank and the Deposits and Unrestricted Investment Accounts Protection Board up to the amount of BD [amount of the above cheque], being the amount of a cheque the receipt of which I hereby acknowledge and confirm from the [lead] mandated bank.

I further unconditionally and irrevocably agree and confirm:

(i) that the waiver contained herein shall be effective immediately and without any further action being required to be taken by myself and/or the [lead] mandated bank and/or the Deposits and Unrestricted Investment Accounts Protection Board;
(ii) that all my rights against [defaulting bank] in respect of the amount being paid to me under the Regulation Protecting the Deposits and Unrestricted Investment Accounts are hereby waived to the benefit of the Deposits and Unrestricted Investment Accounts Protection Board and they may seek recovery of these amounts from [defaulting bank]; and
(iii) I will do, or cause to be done, any additional act which may be necessary to make this waiver effective in, or transferable under, the law.

I confirm that I have surrendered to the [lead] mandated bank, all unused cheques and all bank/credit cards issued by the [defaulting bank] in my possession.

Signature: _________________________
Date: _________________________

Identity Card No./Passport No. of signatory:
__________________________________

Evidence of authority of signatory (if appropriate): ________________

Witness No. 1: ______________________
Identity Card No.//Passport No: ______________________

Witness No. 2: ______________________
Identity Card No.//Passport No: ______________________