Account Qualifications Clause Samples

The Account Qualifications clause defines the specific criteria or requirements that must be met for an individual or entity to open or maintain an account under the agreement. Typically, this clause outlines eligibility factors such as age, residency, legal status, or the provision of certain documentation, like identification or proof of address. By clearly establishing who is permitted to hold an account, the clause helps ensure compliance with legal and regulatory standards and prevents unauthorized or ineligible parties from accessing account services.
Account Qualifications. In order to earn the qualifying rate in effect at the time, the following requirements must be satisfied each Monthly Qualification Cycle:
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Account Qualifications. In order to be eligible for a Bask Interest Savings you must, at a minimum, be 18 years of age, be a US citizen or legal resident, have a valid US Taxpayer Identification Number, and have a valid US address. Additional qualifications apply and all applicants are subject to identity verification and security screening to comply with applicable regulations, including but not limited to, the USA PATRIOT Act and Bank Secrecy Act.
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Account Qualifications. In order to be eligible for a Bask Mileage Savings, you must, at a minimum, be 18 years of age, be a US citizen or legal resident, have a valid US Taxpayer Identification Number, and have a valid US address. Additional qualifications apply and all applicants are subject to identity verification and security screening to comply with applicable regulations, including but not limited to, the USA PATRIOT Act and Bank Secrecy Act. You must also provide Bask Bank with your AAdvantage® account number in order to receive AAdvantage® miles. Failure to establish an AAdvantage® account or to provide Bask Bank with your AAdvantage® account number may result in your account being closed and forfeiture of the miles you earned. Earning Miles for Balances: The Bask Mileage Savings earns American Airlines AAdvantage® miles instead of cash interest. Bask Bank will Award AAdvantage® miles equal to the Monthly Mile Award Rate multiplied by the average current balance in Your Bask Mileage Savings for the applicable month, rounded to the nearest whole number. In order to receive the AAdvantage® miles you earn through Bask Mileage Savings, you must have an AAdvantage® account and provide your account number to Bask Bank. On or before the fifth Business Day of each month, Bask Bank will transfer your AAdvantage® Miles Earned in the prior month to the AAdvantage® account you provided. Each year, Bask Bank will send a 1099 to both You and the IRS, reporting the value of the AAdvantage® miles you received. The miles awarded through the Bask Mileage Savings are considered to be “purchased” under the AAdvantage® program and are not eligible to contribute to an upgrade in your AAdvantage® program status. Rate Information: Bask Bank will Award AAdvantage® miles equal to the Monthly Miles Award Rate multiplied by the average current balance in Your Bask Mileage Savings for the applicable month, rounded to the nearest whole number. Since you are Awarded Miles based on the average current balance in your Account each month instead of interest, Bask Bank calculates an interest equivalent based on a good faith estimate of the value of the miles. Your interest rate and annual percentage yield may change based on a change in either the Miles Award Rate or the estimated value. Miles are currently valued at 0.42 cents per mile, the equivalent of 0.42% annual percentage yield. Compounding and Crediting Frequency: You will Accrue Miles monthly for the current balance you maintain in your Bask Mile...
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Account Qualifications. In order to be eligible for a Bask Certificate of Deposits you must, at a minimum, be 18 years of age, be a US citizen or legal resident, have a valid US Taxpayer Identification Number, and have a valid US address. Additional qualifications apply and all applicants are subject to identity verification and security screening to comply with applicable regulations, including but not limited to, the USA PATRIOT Act and Bank Secrecy Act.
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Account Qualifications. In order to be eligible for a Bask Mileage Savings, you must, at a minimum, be 18 years of age, be a US citizen or legal resident, have a valid US Taxpayer Identification Number, and have a valid US address. Additional qualifications apply and all applicants are subject to identity verification and security screening to comply with applicable regulations, including but not limited to, the USA PATRIOT Act and Bank Secrecy Act. You must also provide Bask Bank with your AAdvantage® account number in order to receive AAdvantage® miles. Failure to establish an AAdvantage® account or to provide Bask Bank with your AAdvantage® account number may result in your account being closed and forfeiture of the miles you earned.
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Related to Account Qualifications

  • Foreign Qualifications Each of the Company and its subsidiaries is duly qualified as a foreign entity to transact business and is each in good standing in each jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except where the failure to be so qualified would not singularly, or in the aggregate, in the reasonable judgment of the Company, be expected to result in a Material Adverse Effect.

  • STAFF QUALIFICATIONS a) CONTRACTOR shall ensure that all individuals employed, contracted, and/or otherwise hired by CONTRACTOR to provide classroom and/or individualized instruction or related services hold a license, certificate, permit, or other document equivalent to that which staff in a public school are required to hold in the service rendered consistent with Education Code section 56366.1(n)(1) and are qualified pursuant to Title 5 of the California Code of Regulations sections 3064 and 3065. b) Only those NPS/A located outside of California that employ staff that hold a current valid credential or license to render special education and related services as required by that state shall be eligible to be certified. NPA/NPS staff shall be required to hold credentials and licenses within the state where they are providing services regardless of where the agency is located. c) When CONTRACTOR is a nonpublic school, NPS, an appropriately qualified person shall serve as curricular and instructional leader, and be able to provide leadership, oversight and professional development. The administrator of the NPS holds or is in the process of obtaining one of the following: (A) An administrative credential granted by an accredited postsecondary educational institution and two years of experience with pupils with disabilities.

  • Required Qualifications At all times during the term of the Contract, Vendor shall have available, under direct employment and supervision and/or subcontract agreement fully incorporating the terms and conditions of the Contract Documents, the required qualified and properly licensed (as applicable) personnel to properly fulfill all the terms and conditions of the Contract.

  • Tax Qualification Each Employee Benefit Plan intended to be qualified under Section 401(a) of the Code has been determined to be so qualified by the Internal Revenue Service and nothing has occurred since the date of the last such determination which resulted or is likely to result in the revocation of such determination.

  • Foreign Qualification The Company shall perform such acts as may be necessary or appropriate to register the Company as a foreign limited liability company authorized to do business in such jurisdictions as the Company shall deem necessary or appropriate in connection with the business of the Company.