Insufficient Balance Sample Clauses
The 'Insufficient balance' clause defines the procedures and consequences when a party does not have enough funds in their account to fulfill a payment obligation under the agreement. Typically, this clause outlines the steps the service provider or counterparty may take, such as suspending services, charging fees, or demanding immediate payment, if the account balance falls below the required amount. Its core function is to ensure that payment obligations are met and to protect the service provider from losses due to non-payment, thereby maintaining the financial integrity of the contractual relationship.
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Insufficient Balance. For the avoidance of doubt, in the event that such balance is insufficient to pay in full the whole of the Outstanding Indebtedness, the Lender shall be entitled to collect the shortfall from the Borrower or any other person liable therefor.
Insufficient Balance. An insufficient balance could occur because of the following:
1. The payment of checks, electronic funds transfers or other withdrawal requests;
2. Payments authorized by you;
3. The return of unpaid items deposited by you;
4. The assessment of service charges; or
5. The deposit of items which, according to the Funds Availability Policy of Taleris Credit Union, Inc. (TCU) , are treated as not yet available or finally paid.
Insufficient Balance. You must maintain a balance in your account that will cover the checks you write. If a check is presented to us for payment when there are not enough available funds in your account to cover our payment of the check, we may pay the check or may refuse payment and return it unpaid. An insufficient balance in your account could result from: (a) the payment of other checks you have written; (b) payments you have authorized; (c) service fees you have not recorded in your records; or (d) checks deposited to your account that are uncollected or returned to the Bank unpaid.
Insufficient Balance. OVERDRAFTS AND FEES; SET-OFF AND SECURITY INTEREST 6
1. Insufficient Balance 6
2. Returned Deposited Items 6
3. Overdrafts 6
4. Your Responsibility to Repay Overdrafts 6
5. Insufficient Funds, Uncollected Funds or Returned Item (“NSF”) Fee, and Overdraft Fees 6 6. Set-off and Security Interest 7
Insufficient Balance. The insufficiency of any balance in the Reserve or the Deferred Maintenance Deposit shall not abrogate Borrower's agreement to fulfill its obligations contained herein or in the Security Instrument. In the event Lender determines that (i) the balance of any of the Replacement Account or the Leasing Account is less than the current estimated cost to make the Replacements or the Tenant Improvements and Leasing Commissions which Borrower, in the prudent operation of the Property, can reasonably be anticipated to incur during the succeeding twenty four (24) months, or (ii) the balance of the Deferred Maintenance Deposit is less than the amount necessary to complete the items set forth on Exhibit D, Borrower shall deposit the shortage within ten (10) days of request by Lender. In the event Lender determines from time to time based on Lender's inspections that the amount of the Monthly Deposit is insufficient to fund the cost of likely Replacements, Tenant Improvements and Leasing Commissions and related contingencies that may arise during the remaining term of the Loan, Lender may require an increase in the amount of the Monthly Deposits upon thirty (30) days prior written notice to Borrower.
Insufficient Balance. An insufficient balance on a Checking Account could result in several ways, such as
(a) the payment of checks or withdrawal request; (b) payments authorized by you; (c) the return of unpaid items deposited by you; or (d) the imposition of bank service charges (collectively, “Insufficient Balance”).
Insufficient Balance. You must maintain a balance in your Account that will cover all the transactions you make. If a check is presented to us for payment, or an instruction for wire transfer is given, when there are not sufficient available funds in your Account to cover it, we may pay or refuse payment, and if payment is refused with respect to any check, return it unpaid. Should we decide to pay a check, or comply with any payment instruction, against insufficient funds or uncollected balances, you will repay to us the amount by which the check or payment exceeds the funds in your Account.
Insufficient Balance. If Development Activity Capital Proceeds or Operating Property Activity Capital Proceeds are insufficient to pay the total amount payable under any priority level in this Section, Development Activity Capital Proceeds or Operating Property Activity Capital Proceeds shall be distributed within such priority level to the Members in proportion to their claims under such priority level.