Account Requirement Sample Clauses
The Account Requirement clause establishes the obligation for a party to maintain a specific type of account, often with a designated financial institution, as a condition of the agreement. This may involve opening and keeping an account in good standing, ensuring it is used for particular transactions, or meeting certain criteria such as minimum balances. By setting clear expectations for account management, this clause helps ensure that funds are properly handled and accessible, reducing the risk of payment delays or disputes.
Account Requirement. Direct Deposit within 60 days. If not, the account will be converted to our Classic Checking or 55 Plus Checking. Compounding and crediting – Dividends will be compounded every month. Dividends will be credited to your account every month. Dividend period – For this account type, the dividend period is monthly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period and for the example above is January 31. Daily balance computation method – Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account eachday. Accrual of dividends on noncash deposits – Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account. Transaction limitations: No transaction limitations apply to this account unless otherwise stated in the Common Features section. MONEY MARKET SAVINGS Compounding and crediting – Dividends will be compounded every month. Dividends will be credited to your account every month. Dividend period – For this account type. The dividend period is monthly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period and for the example above is January 31. Minimum balance requirements: No minimum balance requirements apply to this account. Daily balance computation method – Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account eachday. Accrual of dividends on noncash deposits – Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account. Transaction limitations: No more than six withdrawals are allowed each month. During any month, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer, telephonic order or instruction, computer transferordraft. Ifyouexceed thetransferlimitationssetforthabove, youraccount will be subject to closure by the credit union. Fees and charges: An exces...
Account Requirement. Greenbrook will not be eligible to receive Qualifying Co-Branded Marketing Expense reimbursement at any time that it is more than thirty (30) days delinquent in paying any amounts owing to Neuronetics, provided that Qualifying Co-Branded Marketing Expenses that otherwise would be reimbursable but for such delinquency will be payable to Greenbrook by Neuronetics within sixty (60) days after Greenbrook cures such delinquency (or such longer period as may be provided in Neuronetics Co-Op Marketing Guidelines or Terms and Conditions for the payment of Qualifying Co-Branded Marketing Expenses) so long as such delinquency is cured within one hundred eighty (180) days after the payment due date. ▇▇▇▇▇▇▇▇▇▇ will forfeit the right to reimbursement for such Qualifying Co-Branded Marketing Expenses if the delinquency is not cured within one hundred eighty (180) days after the payment due date.
Account Requirement. Borrower shall, during the term of the MAL, maintain its primary banking relationship with Bank, including general operating and administrative deposit accounts and cash management services, and the Deposit Account shall be Borrower’s primary operating account with respect to the Property. Bank may directly charge such account, as provided for herein, for any payment or Bank Expenses from time-to-time.
Account Requirement. The Borrower shall maintain its primary operating and reserve accounts for the Property with the Bank during the term of the Loan. Furthermore, the Borrower and associated entities acceptable to the Bank shall maintain an aggregate deposit relationship at the Bank of at least $2,000,000.00. Such accounts may be interest bearing. In the event the required and/or deposits therein are not maintained at the Bank, at the Bank's option, the Bank may increase the interest rate payable on the Loan by 25 basis points (0.25%) for the remainder of the term of the Loan or until such accounts and/or deposits are established or re established with the Bank.
Account Requirement. You must have an active Discord account. Your Discord account information is used to register and create an account for access and use of Our Services (“Account”). If You create an account and submit information to Us, You represent and warrant that all such personal information is accurate and current. Additionally, You must promptly update Your Account information in the event of any changes. If We have reason to believe that Your Account information is inaccurate, outdated, and/or incomplete, We may suspend or terminate Your account and/or use of Our Services. You agree not to: (i) access or use Services using a false identity or information that is not Your own; and/or (ii) create an Account or use the Services if You have been previously removed from the Services. We reserve the right, in Our sole discretion, to accept or reject Your registration to use Our Services and/or as well as suspend or terminate Your Account for any reason, or no reason at all.
Account Requirement. You hereby request that Bank issue you a Card to be used as described in this Agreement in connection with account(s) set forth on your application form. The services described in this Agreement will be available to you only as long as these account(s) remain active with us.