Common use of Disqualifying Events Clause in Contracts

Disqualifying Events. Any of your accounts with Cambridge Trust Company are not current or are not in good standing. • You have had an overdraft, an over-limit item, or an item returned for insufficient funds with respect to any Cambridge Trust Company account during the current or three prior calendar months. • You have had any prior transfer to or from a non-Cambridge Trust Company accounts canceled, revoked, or not completed due to insufficient funds, revoked authorization, stopped payments, frozen accounts, or any similar reason. • If the test transaction fails or is rejected, for security purposes we may decline your External Transfer request(s) and any or all other transactions, and we may close your account, with or without notice to you. • We become aware of circumstances that indicate that an unauthorized transfer has been or may be made.