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Indemnity Form

The document is an indemnity agreement from Terry Wambura Wamuyu to Family Bank Limited, allowing the bank to act on electronic instructions without requiring written confirmation. It outlines the risks assumed by the account holder, the bank's lack of obligation to verify the authenticity of electronic instructions, and the release of the bank from any claims arising from such actions. The agreement includes provisions for the bank's discretion in acting on electronic instructions and the indemnification of the bank against related claims.

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wamburaterry
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6 views

Indemnity Form

The document is an indemnity agreement from Terry Wambura Wamuyu to Family Bank Limited, allowing the bank to act on electronic instructions without requiring written confirmation. It outlines the risks assumed by the account holder, the bank's lack of obligation to verify the authenticity of electronic instructions, and the release of the bank from any claims arising from such actions. The agreement includes provisions for the bank's discretion in acting on electronic instructions and the indemnification of the bank against related claims.

Uploaded by

wamburaterry
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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INDEMNITY FOR INSTRUCTIONS RECEIVED BY EMAIL AND/OR FACSIMILE

(‘ELECTRONIC INSTRUCTIONS’)

TO: FAMILY BANK LIMITED (‘THE BANK’)

DEAR SIRS,

RE: ACCOUNT NUMBER: 061000039566

ACCOUNT NAME: TERRY WAMBURA WAMUYU

In consideration of the Bank agreeing to act on electronic instructions from me/us from time to for the
operation of my/our account with the Bank without requiring written confirmation bearing actual
signatures in accordance with the Mandate for such account(s) before acting on the Instructions, I/we
confirm unequivocally:

1. THAT the Bank may act on any Electronic Instructions given by me/us from time to time, and I/We
voluntarily and with full knowledge take and assume any and all risks associated therewith;
2. THAT once E-mail/Facsimile instructions have been sent to the Bank by the person (or by any of
the persons, if more than one) specified below, the Bank shall have no obligation to check or
verify the authenticity or accuracy of the sender of such Electronic Instructions purporting to have
been sent by me/us and may act thereon as if the same had been duly given by me/us;
3. THAT in acting on the Electronic Instructions, the Bank shall be deemed to have acted properly
and to have fully performed all the obligations owed to me/us, notwithstanding that such
Electronic Instructions may have been initiated, sent or otherwise communicated in error or
fraudulently, and I/We shall be bound by Electronic Instructions on which the Bank may act if the
Bank has in good faith acted in the belief that such Electronic Instructions were issued by me/us;
4. THAT the Bank may, in its absolute discretion, decline to act on or in accordance with the whole or
any part of an Electronic Instruction pending further enquiry or further confirmation (whether
written or otherwise) by me/us, PROVIDED THAT the Bank shall not be under any obligation to so
decline in any case, and the Bank shall in no event or circumstance be liable for not so declining;
and
5. THAT I/We hereby release the Bank from and indemnify the Bank against all claims, losses,
damages, costs and expenses howsoever arising in consequence of, or in any way related to the
Bank having acted in accordance with the whole or any part of any Electronic Instructions
exercised (or failed to exercise) pursuant to the discretion conferred upon the Bank in Clause 4
above.

Dated this ………………………………… day of………………………………………………………… 20…………….


08 01 24

If the Customer is a Company


EXECUTED by the said Company )
………………………………………………….. )
………………………………………………….. )
………………………………………………….. )
in the presence of: - )

Director )
)
)
Director/ Secretary )

If the Customer is a Partnership

Name of the Partner: ……………………………………………………… Signature ………………………………

Name of the Partner: ……………………………………………………… Signature: ………………………………

If the Customer is/are an Individual(s) Terry


Name of Individual: ………………………………………………………
Terry wambura wamuyu
Signature: ………………………………

Name of Individual (Joint A/C member):……………………………………… Signature: ………………………………

In the presence of:


………………………………………………….……………………………………………......................................
(Print name of Notary Public)
Signature:………………………………………………….…………………………………………………................................

Account Number: ………………………………………………..


061000939566

E-mail Address …………………………………………………….


[email protected]

Telephone Number …………………………………………….


0700083592

Facsimile Number ………………………………………………….


0715225460

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