Opening/Closing Accounts Sample Clauses

The Opening/Closing Accounts clause defines the procedures and requirements for establishing or terminating accounts under an agreement. It typically outlines the steps a party must take to open a new account, such as providing necessary documentation or meeting eligibility criteria, and specifies the process for closing an account, including notice periods and settlement of outstanding balances. This clause ensures both parties understand their rights and obligations regarding account management, thereby reducing the risk of disputes and promoting smooth transitions when accounts are opened or closed.
Opening/Closing Accounts. Should a Customer fail to pay fees due under an ▇▇▇▇▇▇▇▇▇.▇▇▇ branded account (“Original Account”) and subsequently opens another ▇▇▇▇▇▇▇▇▇.▇▇▇ branded account (“Subsequent Account”) CyberSource reserves the right to ▇▇▇▇ the Subsequent Account for amounts due under the Original Account whether or not the Original Account was closed.
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Opening/Closing Accounts. Should a Customer fail to pay fees due under an ▇▇▇▇▇▇▇▇▇.▇▇▇ account (“Original Account”) and subsequently opens another ▇▇▇▇▇▇▇▇▇.▇▇▇ account (“Subsequent Account”) ▇▇▇▇▇▇▇▇▇.▇▇▇ reserves the right to ▇▇▇▇ the Subsequent Account for amounts due under the Original Account whether or not the Original Account was closed.
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Opening/Closing Accounts. Should a Customer fail to pay fees due under an GSPAYTECH account (“Original Account”) and subsequently opens another GSPAYTECH account (“Subsequent Account”) GSPAYTECH reserves the right to ▇▇▇▇ the Subsequent Account for amounts due under the Original Account whether or not the Original Account was closed.
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Opening/Closing Accounts. Should a Customer fail to pay fees due under an Cloud9 account (“Original Account”) and subsequently opens another Cloud9 account (“Subsequent Account”) Cloud9 reserves the right to ▇▇▇▇ the Subsequent Account for amounts due under the Original Account whether or not the Original Account was closed.
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Opening/Closing Accounts. Should a Customer fail to pay fees due under an TUNL account (“Original Account”) and subsequently opens another TUNL account (“Subsequent Account”) TUNL reserves the right to ▇▇▇▇ the Subsequent Account for amounts due under the Original Account whether or not the Original Account was closed.
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Related to Opening/Closing Accounts

  • Closing; Closing Date Closing" and "Closing Date" have the meanings set forth in Section 5.3.

  • Closing Escrow The Closing shall take place by means of a so called “New York style” escrow (the “Closing Escrow”), and, at or prior to the Closing, the Parties shall enter into a closing escrow agreement with the Escrow Agent with respect to the Closing Escrow in form and substance reasonably acceptable to Seller, Purchaser and the Escrow Agent (the “Closing Escrow Agreement”) pursuant to which (i) the Purchase Price to be paid by Purchaser pursuant to Section 3.3 shall be deposited with Escrow Agent, (ii) all of the documents required to be delivered by Seller and Purchaser at Closing pursuant to this Agreement shall be deposited with Escrow Agent, and (iii) at Closing, the Purchase Price (as adjusted pursuant to Section 3.1) and the ▇▇▇▇▇▇▇ Money shall be disbursed to Seller and the documents deposited into the Closing Escrow shall be delivered to Seller and Purchaser (as the case may be) pursuant to the Closing Escrow Agreement.

  • Closing Your Account Unless an agreement relating to a particular product or service says otherwise, you can close your Account at any time provided that you first settle any debit balance owing.

  • Checking Accounts 1. Your Checking Account may consist of two legally separate accounts: a transaction (checking) sub account and a savings sub account. If funds in your transaction account are not routinely needed to pay debits, we may periodically transfer funds between these two sub accounts. If your Checking Account earns interest, your interest calculation will remain the same, regardless of whether or not your funds are held in the transaction sub account or the savings sub account. Otherwise, the savings sub account will be a non-interest-earning account. The sub accounts will be subject to our Account Agreement, our Account Disclosure, the Membership Application (or other account documentation). This arrangement and process will not affect your Available Balance in your Checking Account, the interest you may earn, NCUA insurance protection, your monthly statement, or any other features of your Checking Account. 2. We are authorized but not obligated to pay any check or other item that creates a negative balance, any returned item, and all charges associated with negative balances or returned items by making advances under or transfers from any of your Accounts. Unless you tell us otherwise, we may link your Checking Account to any BECU Line of Credit on which you are a borrower. 3. We will process debit and credit transactions throughout the day in the order they are received in our processing center. Therefore, if a transaction debits your Account in the morning and exceeds your Available Balance at that time, you may be charged an NSF Fee or Overdraft Fee, even if a deposit or credit transaction occurring later that day raises your Available Balance above $0.00. We may receive multiple credit or debit transactions on your Accounts in many different forms throughout each day. We generally process and pay presented checks that you write from your Account in order from smallest dollar amount to largest dollar amount; however, we reserve the right to process any presented checks in any order we deem necessary or appropriate. 4. We will credit items delivered to us subject to final settlement and applicable law. 5. We will have no obligation to, but we may, pay antedated checks, or checks that are stale-dated (more than six months old), without notice to you, and we may deem the date on such a check to be the date that the check is presented to us. 6. We may pay postdated checks early unless an authorized party gives contrary notice complying with applicable law. 7. Except for willful misconduct and subject to applicable law, we are not liable for any action taken regarding the payment or nonpayment of an item.

  • Pre-Closing Collections Within two (2) Business Days after the Closing Date the Seller shall transfer to the account or accounts designated by Ally Auto (or by the Issuing Entity under the Further Transfer Agreements) all collections on the Receivables held by the Seller on the Closing Date, and conveyed to Ally Auto pursuant to Section 2.01.