CONSENSUAL SECURITY INTEREST Sample Clauses

CONSENSUAL SECURITY INTEREST. You agree to give us a security interest in any and all funds on deposit in accounts in which you have an ownership interest, both now and in the future, with the exception of retirement accounts or any other accounts that would lose special tax treatment under state or federal law if given as security. The granting of this security interest is a condition for the issuance of any Card that you may use, directly or indirectly, to obtain extensions of credit under the Agreement. This means that, if you are in default, we can, without prior notice to you, take funds from any eligible account(s) in which you have an ownership interest and apply them as a credit against your Account in any amount available up to the entire balance. Collateral securing other loans you have with us may also secure this loan.

CONSENSUAL SECURITY INTEREST. To secure repayment of amounts you owe on your Account, you give the Credit Union a consensual security interest in all other shares you have in any individual or joint accounts you have with the Credit Union, now and in the future (other than those accounts that would have an adverse tax consequence if pledged as collateral). These other shares may be withdrawn unless you are in default under this Agreement. You authorize the Credit Union to apply the balance in your individual or joint share accounts to pay any amounts due on your Account if you should default.

CONSENSUAL SECURITY INTEREST. You further acknowledge and agree that you give the Credit Union a consensual security interest in the shares you have in all individual and joint accounts you have with the Credit Union, now and in the future (other than those accounts that would have an adverse tax consequence if pledged as collateral), to secure repayment of amounts you owe to the extent of any unpaid balance on your Account. X X

CONSENSUAL SECURITY INTEREST. You agree to give the Credit Union a security interest in any and all funds on deposit in accounts in which you have an ownership interest, both now and in the future, with the exception of retirement accounts or any other accounts that would lose special tax treatment under state or federal law if given as security. The granting of this security interest is a condition for the issuance of any Card that you may use, directly and indirectly, to obtain extensions of credit under this Agreement. This means that, if you are in default, the Credit Union can, without prior notice to you, take funds from any eligible account(s) in which you have an ownership interest and apply them as a credit against your credit card Account in any amount available up to the entire balance. Collateral securing other loans you have with the Credit Union may also secure this loan.

CONSENSUAL SECURITY INTEREST. AS A CONDITION FOR CREDIT, AND TO PROTECT US IN THE CASE OF DEFAULT, YOU HAVE GRANTED US A CONSENSUAL SECURITY INTEREST IN ALL OF YOUR SHARES, DEPOSITS, PAYMENTS, AND DIVIDENDS WHICH MAY BE RECEIVED, WHETHER HELD INDIVIDUALLY OR JOINTLY, UP TO THE AMOUNTS DUE ON THIS ACCOUNT. THIS SECURITY INTEREST MAY BE USED WITHOUT FURTHER NOTICE TO PAY ALL OR PART OF SUCH DEFAULT OR DELINQUENCY. THIS SECURITY INTEREST DOES NOT APPLY TO SHARES IN AN INDIVIDUAL RETIREMENT ACCOUNT (IRA).

CONSENSUAL SECURITY INTEREST. You grant us a security interest in all individual and joint share accounts you have with us now and in the future to secure your credit card account. Shares in an Individual Retirement Account or any other account that would lose special tax treatment under state or federal law if given as security are not subject to the security interest you have given in your shares. You may withdraw these other shares unless you are in default. When you are in default, you authorize us to apply the balance in these accounts to any amounts due. For example, if you have an unpaid credit card balance, you agree we may use funds in your account(s) to pay any or all of the unpaid balance. You understand the granting of this security interest is a condition for the credit card.

CONSENSUAL SECURITY INTEREST. You further acknowledge and agree that you give the Credit Union a consensual security interest in the shares you have in all individual and joint accounts you have with the Credit Union, now and in the future (other than those accounts that would have an adverse tax consequence if pledged as collateral), to secure repayment of amounts you owe to the extent of any unpaid balance on your Account. X X Visa Credit Card Application A table that includes the APRs and other required cost disclosures for credit card applications is on the reverse side of this application. Individual credit Visa Classic Joint credit Visa Gold (Minimum limit $5,000) Debt Protection Yes No See below signature and disclosure Number of cards desired? 1 2 Credit limit requested: $ LIST ALL DEBTS. Attach other sheets if necessary. NOTE: ▇▇▇▇▇▇▇, child support, or separate maintenance income need not be revealed if you do not choose to have it considered. Debts Owed to Address Account No. Present Balance Monthly Payments Amount Past Due FINANCIAL REFERENCES Applicant Signature X Date Co-Applicant Signature X Date This Contract is voluntary and not required to obtain credit. We will not consider whether or not You elect protection in making a credit decision. YOU ELECT THE FOLLOWING OPTION: (check only one box) Life Disability & Life Disability Disability Life No Protection