Account Operation Sample Clauses
The 'Account operation' clause defines the rules and procedures governing how a particular account is managed and accessed. It typically outlines who is authorized to operate the account, the types of transactions permitted, and any requirements for instructions or approvals. For example, it may specify that only designated signatories can initiate payments or withdrawals, or that certain transactions require dual authorization. This clause ensures clarity and security in account management by establishing clear operational protocols and reducing the risk of unauthorized activity.
Account Operation any service charges for the operation of the account, the amount of any indebtedness or liability you have to us, and any expenses we incur in connection with paying a dishonoured or unpaid Financial Instrument.
Account Operation. Where a Client has more than one Account open with MTC, each account will be treated as an entirely separate Account unless MTC are advised in writing by the Client (and MTC, in its sole discretion agree) to treat the Client’s Accounts as one Account. Where Accounts are treated separately, this means that any credit, (ie monies deposited as margin) will not, except where MTC exercises its rights of these General Terms and Conditions, discharge any of the Client’s liabilities in respect of another Account. Where Accounts are treated as one Account, all references to Account in this Agreement will be references to the aggregated Accounts.
Account Operation. Without prejudice to the operating terms set forth hereunder, a joint signatory account where one of the joint account holders has been placed under a legal protection regime shall operate as per the provisions of Article 20-1 and may be closed under the conditions laid down by Article 41.
Account Operation. Where a Client has more than one Account open with SMFX, each account will be treated as an entirely separate Account unless SMFX are advised in writing by the Client (and SMFX, in its sole discretion agree) to treat the Client’s Accounts as one Account. Where Accounts are treated separately, this means that any credit, (ie monies deposited as margin) will not, except where SMFX exercises its rights under Section 14 of these General Terms and Conditions, discharge any of the Client’s liabilities in respect of another Account. Where Accounts are treated as one Account, all references to Account in this Agreement will be references to the aggregated Accounts.
Account Operation. 9.1 This Account is intended for those persons who expect to deposit into the Account below €12,000 annually.
9.2 Where the total annual deposits into the Account exceed €12,000 the Customer may be asked to convert the Account to another type of account for which other requirements and terms & conditions may apply.
9.3 The Account must be kept in credit at all times and have sufficient funds to cover any payments. Any balance may attract credit interest as established by the Bank from time to time.
9.4 In the event that the Account is inactive for 24 months, an administration fee will be levied to the account as per Fee Information Document. If the balance on the account is less than the amount of the fee, the account will be closed immediately upon processing of the fee.
9.5 Furthermore, the Bank reserves the right to close the Account at its sole discretion and without further notice to the Customer when the Account is considered by the Bank as not being conducted in a proper manner or it remains inactive for a period exceeding 24 months.
Account Operation. None of Bigboss’s employees or representatives shall accept appointment by the Client as agent to operate the Client’s Account on a discretionary basis.
Account Operation a. The Client agrees that the operation of the Account is subject to compliance with and by CFS AM with all laws, regulations, administrative rules and orders which may from time to time be authorized by the relevant and regulatory authorities in Kenya.
b. The Client further agrees and takes full responsibility for the safe custody of all print and electronic correspondence issued to/or by CFS AM regarding the Account.
c. The details or mode of operation of the Account shall not be disclosed to any third party. The Client agrees to immediately notify CFS AM whenever he/she knows or has any reason to suspect that an unauthorized person has access to or is likely to have had access to any print or electronic correspondence issued to or by CFS AM regarding the Account.
Account Operation. Where a Client has more than one Account open with Lucror, each account will be treated as an entirely separate Account unless Lucror are advised in writing by the Client (and Lucror, in its sole discretion agree) to treat the Client’s Accounts as one Account. Where Accounts are treated separately, this means that any credit, (ie monies deposited as margin) will not, except where Lucror exercises its rights under Section 14 of these General Terms and Conditions, discharge any of the Client’s liabilities in respect of another Account. Where Accounts are treated as one Account, all references to Account in this Agreement will be references to the aggregated Accounts.
Account Operation a. The Client agrees that the operation of the Account is subject to compliance with and by CITITRUST AM with all laws, regulations, administrative rules and orders which may from time to time be authorized by the relevant and regulatory authorities in Nigeria.
b. The Client further agrees and takes full responsibility for the safe custody of all print and electronic correspondence issued to/or by CITITRUST AM regarding the Account.
c. The details or mode of operation of the Account shall not be disclosed to any third party. The Client agrees to immediately notify CITITRUST AM whenever he/she knows or has any reason to suspect that an unauthorized person has access to or is likely to have had access to any print or electronic correspondence issued to or by CITITRUST AM regarding the Account.
Account Operation. 2.1 OPENING After we accept your Application, we will open an Account in your name. The Account may be split into different sub-accounts denominated in different currencies. References in this Agreement to your account is taken to include reference to sub-accounts or the relevant subaccounts, as the case may be. We may at our absolute discretion refuse to open an Account with you for any reason we consider appropriate. ACCOUNT INFORMATION
(a) You undertake and warrant to us that any information provided to us at any time is true and correct and that you will immediately inform us of any material change to that information.
(b) You are required to keep all security information relating to the Account, including, but not limited to, any user name, account number, user ID and password, confidential and we do not have to establish the authority of anyone using these items. If you are aware or suspect that these items are no longer confidential, you should contact us as soon as practicable.