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Common use of Forfeit of Uncredited Interest Clause in Contracts

Forfeit of Uncredited Interest. If your Account is closed prior to the end of the statement cycle, any accrued interest earned, but not credited, for that cycle will be forfeited.

Appears in 25 contracts

Sources: Consumer Deposit Account Agreement, Consumer Deposit Account Agreement, Consumer Deposit Account Agreement

Related Clauses

  • Treatment of Each Installment as a Separate Payment
  • Protection of Right, Title and Interest to Trust
  • Restrictions on Transfer of a Definitive Note for a Beneficial Interest in a Global Note
  • Transfer of Beneficial Interests to Another Restricted Global Note
  • Transfer of Beneficial Interests to Another Restricted Global Security

Parent Clauses

  • Interest Information
  • Joint With No Right of Survivorship
  • Consent to Use Electronic Signatures Communications and Statements
  • Freezes, Blocking or Closing Accounts Due to Irregular or Unlawful Activities

Sub-Clauses

  • Image Quality
  • Receipt of Items
  • Remote Deposit Capture (“RDC”)
  • Deposit Errors
  • ▇▇▇▇ Pay via Check
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