Joint or Multiple Party Account with Right of Survivorship Clause Samples

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Joint or Multiple Party Account with Right of Survivorship. If an account, other than a CD, is opened by two or more parties, or if one or more parties are added to a Single Party Account after the account is opened, the account will be a Joint or Multiple Party Account with Right of Survivorship. All funds deposited into any such account, including any earnings thereon, shall be owned by the Parties jointly with all others who have signed the Application or other account authorization, with right of survivorship. A survivorship designation may be ineffective unless signed by all Parties to the account. On the death of a Party, all sums in the account on the date of the death vest in and belong to the surviving Party or Parties as their separate property and estate, subject to any lien we have for the deceased Party’s obligations to us, regardless of whether any of the surviving Parties have consented to our lien. The Parties to a Joint or Multiple Party Account with Right of Survivorship own the account in proportion to the Parties’ net contributions to the account. Payment of any sums to any Party shall be valid and discharge the Credit Union from any and all liability for such payment. The Credit Union may accept instructions from any Party or act at the request of any Party with regard to any such account without the consent of any other Party to the account. Each Party authorizes all other Parties to the account to act on his or her behalf with respect to the account and to endorse any instrument payable to him or her for deposit to any such account. Without the consent or joinder of any other Party and without regard to the interest in the account of any other Party, any Party to the account may (i) make deposits to or withdraw funds from the account, (ii) place stop payment orders with respect to any items drawn on the account by any Party to the account, (iii) pledge all of the shares and deposits in eligible accounts to secure any indebtedness owing to us, or (iv) designate an account to provide overdraft protection for any other account. In the event that any account may be accessed by means of an electronic fund transfer, including the use of a debit card issued in connection with the account or the use of any phone or Online or Mobile Banking access, each Party grants to every other Party actual authority to initiate any such transfer, to use any such debit card issued or to use any Personal Identification Number (“PIN”) issued in connection with any such card, phone or Online or Mobile Banking access. ...
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Joint or Multiple Party Account with Right of Survivorship. If an Account is opened by two or more Parties, or if one or more Parties are added to a Single Party Account after the Account is opened, the Account will be a Joint or Multiple Party Account with Right of Survivorship. The Owners of the Account own the Account in equal undivided interests. All funds deposited into any such Account, including any earnings thereon, shall be owned by the Owners jointly with right of survivorship. You understand that a survivorship designation may be ineffective unless signed by all Owners of the Account.
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Joint or Multiple Party Account with Right of Survivorship. An Account will be a Joint or Multiple Party Account with Right of Survivorship if you have so elected and indicated on the Application or if any such instrument otherwise represents that the Account is held jointly with right of survivorship. All funds deposited into any such Account, including any earnings thereon, shall be owned by the parties jointly with all others who have signed the Application or other Account authorization, with right of survivorship. A survivorship designation may be ineffective unless signed by all parties to the Account. On the death of a party, all sums in the Account on the date of the death vest in and belong to the surviving party or parties as their separate property and estate, subject to any lien we have for the deceased party’s obligations to us, regardless of whether any of the surviving parties have consented.
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Joint or Multiple Party Account with Right of Survivorship. If an Account is opened by two or more parties, or if one or more parties are added to a single party Account, the Account will be a Joint or Multiple Party Account with Right of Survivorship. The Credit Union makes no representation concerning the legal consequences or the effect of survivorship rights, including any consequences arising out of the community property laws of any state, and you agree to indemnify, defend, and hold the Credit Union harmless from any loss or liability in connection with any survivorship designation. You understand you should consult with your attorney if you have any questions regarding the validity, effectiveness, or fitness of a survivorship designation for any purpose. All of the parties affiliated with the Account own the Account in even proportion to the funds available including any earnings thereon in the Account. The Owners agree the Credit Union may pay funds in any Joint or Multiple Party Account with Right of Survivorship to or on the order of any Owner, regardless of whether any other Owners are incapacitated or deceased. Withdrawals by any Owner shall be valid and discharge the Credit Union from any and all liability. On the death of one Owner of such an Account, all sums in the Account on the date of the death belong to the surviving Owner(s). All Account sums on deposit on the date of death remain subject to any lien (right of offset) we have for the deceased Owner’s obligations to the Credit Union, regardless of whether any of the surviving parties have consented to any such lien. Except as otherwise permitted in this Agreement, the Credit Union may accept instructions from any Owner and act upon the request of any Owner without permission from any other Owner. At our option, we may require the consent of some or all Owners prior to taking any action in connection with an Account. Each Owner authorizes the other Owners to act on their behalf with respect to the Account, including without limitation, addding overdraft protection services, procuring a loan under the membership, and the placement of stop payment orders with respect to items drawn on the Account. Any Owner may pledge all of the shares in the Account to secure any indebtedness owed to the Credit Union or may designate the Account to provide overdraft protection for any other Account, subject to Credit Union policies, without approval of any other Owner and without regard to their interest in the Account. In the event any Account may be accessed by...
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Joint or Multiple Party Account with Right of Survivorship. If an Account is opened by two or more Owners, or if one or more Owners are added to an Account after the Account is opened, the Account will be a Joint or Multiple Party Account with Right of Survivorship. All funds deposited into any such Account, including any earnings thereon, shall be owned by the Primary Member jointly with all other Owners who have signed the Application or other Account authorization, with right of survivorship. A survivorship designation may be ineffective unless signed by all Owners of the Account. On the death of an Owner, all sums in the Account on the date of the death vest in and belong to the surviving Owner(s) as their separate property and estate, subject to any lien we have for the deceased Owner’s obligations to us and regardless of whether any of the surviving Owners have consented to such lien.
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Joint or Multiple Party Account with Right of Survivorship. If an Account is opened by two or more parties, or if one or more parties are added to a single party Account, the Account will be a Joint or Multiple Party Account with Right of Survivorship. The Credit Union makes no representation concerning the legal consequences or the effect of survivorship rights, including any consequences arising out of the community property laws of any state, and you agree to indemnify, defend, and hold the Credit Union harmless from any loss or liability in connection with any survivorship designation. You understand you should consult with your attorney if you have any questions regarding the validity, effectiveness, or fitness of a survivorship designation for any purpose. All of the parties affiliated with the Account own the Account in even proportion to the funds available including any earnings thereon in the Account. The Owners agree the Credit Union may pay funds in any Joint or Multiple Party Account with Right of Survivorship to or on the order of any Owner, regardless of whether any other Owners are incapacitated or deceased. Withdrawals by any Owner shall be valid and discharge the Credit Union from any and all liability. On the death of one Owner of such an Account, all sums in the Account on the date of the death belong to the surviving Owner(s). All Account sums on deposit on the date of death remain subject to any lien (right of offset) we have for the deceased Owner’s obligations to the Credit Union, regardless of whether any of the surviving parties have consented to any such lien.
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Joint or Multiple Party Account with Right of Survivorship. An Account will be a Joint or Multiple-Party Account with Right of Survivorship if the Owners have so elected and indicated on any Membership Application, Account Authorization or Signature Card, or if any such card otherwise represents that the Account is held jointly with right of survivorship. All funds deposited into any such Account, including any earnings thereon, shall be owned by the Primary Member jointly with all other Owners who have signed the Application, with right of survivorship. On the death of an Owner, all sums in the Account on the date of the death vest in and belong to the surviving Owner(s) as his or her (their) separate property and estate, subject to any lien we have for the deceased Owner’s obligations to us and regardless of whether any surviving Owners have consented to such lien.
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Related to Joint or Multiple Party Account with Right of Survivorship

  • No Right to Withdraw No Member shall have any right to resign or withdraw from the Company without the consent of the other Members or to receive any distribution or the repayment of its capital contribution except as provided in Section 7.2 and Article IX upon dissolution and liquidation of the Company. No Member shall have any right to have the fair value of its Membership Interest in the Company appraised and paid out upon the resignation or withdrawal of such Member or any other circumstances.

  • Right to Withdraw Unless otherwise agreed, each Holder shall have the right to withdraw such Holder’s request for inclusion of its Registrable Securities in any Underwritten Offering pursuant to this Section 2.02 at any time prior to the execution of an underwriting agreement with respect thereto by giving written notice to the Company of such Holder’s request to withdraw and, subject to the preceding clause, each Holder shall be permitted to withdraw all or part of such Holder’s Registrable Securities from a Piggyback Registration at any time prior to the effective date thereof.

  • Your Ability to Withdraw Funds Our general policy is to make funds from your deposit of checks available to you on the first business day after the day we receive your deposit. At that time, you can withdraw the funds in cash and we will use the funds to pay checks that you have written. For determining the availability of your deposits at a branch, every day is a business day, except Saturdays, Sundays and federal holidays. If you make a deposit on a nonbusiness day, we will consider that the deposit was made on the next business day. ATM deposits have a daily settlement time of 3:30 P.M. ATM deposits made before settlement Monday through Friday are available on the next business day. Deposits made after settlement and deposits on a Saturday, Sunday or federal holiday are available on the second business day following the day of deposit. All times are Eastern Time. Funds from the following deposits will be available on the business day of your deposit: cash, wire transfers, electronic payments, including preauthorized credits such as Social Security benefits and payroll payments, and checks drawn on Salem Five Cents Savings Bank for which there are sufficient available funds on deposit. In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the second business day after the day of your deposit. However, the first $225 of your deposits will be available on the first business day after the day of your deposit. If we are not going to make all the funds from your deposit available on the first business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our tellers, or if we decide to take this action after you have left the premises, we will mail you the notice by the business day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available. In addition, funds you deposit by check may be delayed for a longer period under the following circumstances: • We believe a check you deposit will not be paid. • You deposit checks totaling more than $5,525 on any one day. • You redeposit a check that has been returned unpaid. • You have overdrawn your account repeatedly in the last six months. • There is an emergency, such as failure of communications or computer equipment. We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the fifth business day after the day of your deposit. We may also, from time to time, need to temporarily suspend the processing of an ACH (automated clearing house) deposit received from or through another country (IAT) for further investigation; this additional required handling may delay settlement until the investigation is completed.

  • Entitlements Upon Return to Work ‌ (a) An employee who returns to work after the expiration of maternity, parental, or pre-adoption leaves shall retain the seniority the employee had accumulated prior to commencing the leave and shall be credited with seniority for the period of time covered by the leave. (b) On return from maternity, parental, or pre-adoption leaves, an employee shall be placed in the employee's former position or in a position of equal rank and basic pay. (c) Notwithstanding Clauses 18.1(b) and 18.6, vacation entitlements and vacation pay shall continue to accrue while an employee is on leave pursuant to Clause 21.1 providing: (1) the employee returns to work for a period of not less than six months, and (2) the employee has not received parental allowance pursuant to 21.6; and (3) the employee was employed prior to March 28, 2001. Notwithstanding Clause 18.6(a) vacation earned pursuant to this clause may be carried over to the following year, or be paid out, at the employee's option. (d) Employees who are unable to complete the return to work period in (c) as a result of proceeding on maternity, parental or pre-adoption leave shall be credited with their earned vacation entitlements and vacation pay providing the employee returns to work for a period of not less than six months following the expiration of the subsequent maternity, parental or pre-adoption leave.

  • Right to withdraw Sale to withdraw, postpone and call off the sale of the Property at any time prior to the auction date and before the fall of the hammer; and