Credit Union Actions Clause Samples

The 'Credit Union Actions' clause defines the rights and procedures available to a credit union when taking specific actions under an agreement. Typically, this clause outlines the circumstances under which the credit union may exercise remedies such as suspending services, demanding repayment, or enforcing security interests if a member defaults or breaches the agreement. By clearly specifying the credit union's powers and the steps it may take, this clause ensures both parties understand the consequences of non-compliance and helps protect the credit union's interests in managing risk and enforcing contractual obligations.
Credit Union Actions. You agree the Credit Union may accept late payments and partial payments and can delay enforcing any of its rights under this Agreement without losing them. The Credit Union’s waiver of its rights in one instance does not constitute a waiver of its rights in other instances, or waiver of any other default. You agree the Credit Union may permit a modification, extension, or renewal of any term under this Agreement, or release or substitute collateral or any other person obligated for repayment of this Agreement or any guaranty, and you will remain liable for repayment of your Loan or Line of Credit. The Credit Union may exercise any of its rights under the security agreement and applicable law. In addition, the Credit Union may take other actions as follows:
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Credit Union Actions. You agree the Credit Union may accept late payments and partial payments and can delay enforcing any of its rights under this Agreement without losing them. The Credit Union’s waiver of its rights in one instance does not constitute a waiver of its rights in other instances, or waiver of any other default.
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Credit Union Actions. I agree the Credit Union may accept late payments and partial payments and can delay enforcing any of its rights under this Agreement without waiving any of its rights. The Credit Union’s waiver of its rights in one instance does not constitute a waiver of its rights in other instances, or waiver of any other default. I agree the Credit Union may permit a modification, extension, or renewal of any term under this Agreement, or release or substitute collateral or any other person obligated for repayment of this Agreement or any guaranty, and I will remain liable for repayment of this Account. In addition, the Credit Union may take other actions on my Account as follows:
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Related to Credit Union Actions

  • Interlocal Cooperation Act In satisfaction of the requirements of the Cooperation Act in connection with this Agreement, the Parties agree as follows: a. This Agreement has been, on or prior to the date hereof, authorized and adopted by resolution of the legislative body of each Party pursuant to and in accordance with the provisions of Section 11-13-202.5 of the Cooperation Act; b. This Agreement has been, on or prior to the date hereof, reviewed as to proper form and compliance with applicable law by a duly authorized attorney on behalf of each Party pursuant to and in accordance with the provisions of Section 11-13-202.5(3) of the Cooperation Act; c. A duly executed original counterpart of this Agreement shall be filed immediately with the keeper of records of each Party pursuant to Section ▇▇-▇▇-▇▇▇ of the Cooperation Act; d. The Chair of the Agency is hereby designated the administrator for all purposes of the Cooperation Act, pursuant to Section ▇▇-▇▇-▇▇▇ of the Cooperation Act; and e. Should a party to this Agreement desire to terminate this Agreement, in part or in whole, each party to the Agreement must adopt, by resolution, an amended Interlocal Cooperation Agreement stating the reasons for such termination. Any such amended Interlocal Cooperation Agreement must be in harmony with any development/participation agreement(s) entered into by the Agency as described in this Agreement. f. Immediately after execution of this Agreement by both Parties, the Agency shall, on behalf of both parties, cause to be published notice regarding this Agreement pursuant to Section ▇▇-▇▇-▇▇▇ of the Cooperation Act. g. This Agreement makes no provision for the parties acquiring, holding and disposing of real and personal property used in the joint undertaking as such action is not contemplated as part of this Agreement nor part of the undertaking. Any such provision would be outside the parameters of the current undertaking. However, to the extent that this Agreement may be construed as providing for the acquisition, holding or disposing of real and/or personal property, all such property shall be owned by the Agency upon termination of this Agreement.

  • Union Activities If the Contract Amount is $50,000 or more, no Judicial Council funds received under this Agreement will be used to assist, promote or deter union organizing during the term of this Agreement (including any extension or renewal term).

  • Civil Actions Except where there has been gross negligence on the part of an employee, the Employer will: (1) exempt and save harmless employees from any liability action arising from the proper performance of their duties for the Employer; and (2) assume all costs, legal fees, and other expenses arising from any such action.

  • Health and Safety Representatives The Employer and its Employees will comply with Part 7 of the OHS Act – Representation of Employees in relation to the establishment of designated work groups and the election of Health and Safety Representatives.

  • Union Activity Each employee shall have the right to join and while off work or on official release time, assist the Union freely, without fear of penalty or reprisal, and the Employer shall assure that each employee shall be protected in the exercise of such right.