Limits on Internal Transfers Sample Clauses
The "Limits on Internal Transfers" clause restricts the movement of assets, funds, or resources within different divisions, departments, or subsidiaries of the same organization. Typically, this clause sets specific thresholds, conditions, or approval requirements for such transfers, ensuring that internal reallocations do not bypass external controls or contractual obligations. Its core practical function is to maintain oversight and accountability over internal transactions, preventing misuse or circumvention of agreed-upon financial or operational boundaries.
Limits on Internal Transfers. In addition to the Available Funds requirements and other limits described above and in this Agreement generally, please see the applicable Deposit Account Agreement for a more detailed description of limits on Internal Transfers.