Operation of the Account Clause Samples

Operation of the Account. 6.1. Prior to the occurrence of a Declared Default which is continuing, the Accounts shall not be blocked and the Pledgor shall be authorised to freely manage and operate the Accounts (including but not limited to disposing of the Pledged Assets and opening and closing Accounts). The Pledgee shall not be entitled to operate the Accounts during this period. 6.2. After the occurrence of a Declared Default which is continuing, the authorisation referred to in Clause 6.1 may, at any time, be revoked by the Pledgee by giving written notice to the Bank, substantially in the form set out in Schedule 3 (the “Blocking Notice”); the revocation shall become automatically effective upon receipt of the Blocking Notice by the Bank. Upon the blocking of the Accounts, the Pledgor and the Pledgee agree that the Bank shall not act upon any instructions of the Pledgor and shall act only upon instructions of the Pledgee.

Operation of the Account. All transactions executed on my/our instructions on the floor of the Exchanges and/or over-the-counter shall be subject to a transaction levy, if applicable, and any other levies that Exchanges from time to time may impose. You are authorized to collect any such levies in accordance with the Rules prescribed by the Exchanges from time to time.

Operation of the Account. 6.1 You can give us instructions either verbally by calling our Customer Service Centre or in writing by sending an e-mail by logging into your internet banking account. Generally we cannot change or stop an instruction given by you over the telephone or through the website (unless we inform you otherwise) because we start processing instructions when we receive them. If we are able to cancel your instructions we may charge you we will confirm the charges to you before we process your request for cancellation. 6.2 Before we act on instructions given by you by telephone or through the website you will have to answer the security questions which we may ask you. Please also see section 8 (Security and Access). You agree that as long as we are given correct answers to the security questions referred to above and User ID & password (for internet banking through the website) as part of our security procedures, we can (without getting further confirmation from you) act on any instruction to make payments into or out of an account; and release confidential information we hold about you and your accounts. 6.3 When you transfer money to your HiSAVE Fixed Rate Account, we are sometimes given value for a payment before the transferring bank has checked that there are sufficient funds in your nominated linked account. The transferring bank (or BACS in some cases) may reclaim the payment and we will need to take the amount of this payment out of your HiSAVE Fixed Rate Account along with the interest which we might have paid. 6.4 The clearing cycle is the time taken for money paid from or to your account to be deducted or added. Each UK cheque paid into ICICI Bank UK accounts clear on the sixth working day from the date of the deposit of the cheque. Whilst we may credit such amounts to your account on the date of presentation, the funds will be available to withdraw on the fourth working day from the date of the deposit for both current and savings accounts. The amount deposited will start earning interest from the second working day of the deposit for all types of savings and fixed rate accounts. If the bank, building society or other organisation that the cheque was drawn on decides not to honour it, they will explain the reason for non-payment. Thereafter, we will deduct the amount of the cheque from your balance no later than the end of the sixth business day after it was added to your balance. In all circumstances, you shall be the owner of funds on the sixth workin...

Operation of the Account. The Issuer shall debit to the Account the amount of each Transaction, Cash Advance, charges, any Account fee and interest at the relevant Interest Rate, which has accrued under this agreement. If a merchant contacts the Issuer for confirmation that the Issuer will pay a proposed Transaction and the Issuer so authorize the merchant, the amount of the authorised Transaction will immediately reduce the amount of credit available on the account even though the Transaction has yet to be debited to the Account. Once the card has been used for a Transaction, the Transaction cannot be cancelled or stopped. Subject as provided, interest will be charged on the amount of each Transaction and Cash Advance on a daily basis from the date any such amount is debited to the Account until full repayment is credited to the Account. Where any merchant involved in a Transaction becomes liable to make any refund to the Cardholder, the Issuer shall credit the Account with the amount to be refunded only on the receipt of a properly issued refund voucher or other appropriate verification of the refund by that merchant. The Issuer may decide not to give authorization on Transaction requests if:

Operation of the Account. BRED shall hold the financial instruments and cash owned by the CLIENT and record transactions executed upon orders given by the CLIENT in such a way as to safeguard the CLIENT’s property. The Account is operated under instruction from the CLIENT or their authorised representative(s). BRED shall not interfere in the management of the securities. All transactions likely to be executed in connection with the operation of a financial instruments account can be recorded in the Account.When the Account’s operation is subject to special conditions, such conditions shall be stated in the Specific Conditions. BRED will perform day-to-day administrative tasks on behalf of the CLIENT or his representative, particularly the collection of income.

Operation of the Account. (a) The Broker will credit to the Accounts any interest, dividends or other monies received in respect of Securities held in the Accounts and any monies received as proceeds from the sale or other disposition of Securities from the Accounts (net of all applicable commissions and fees) and will debit from the Accounts any amounts, including interest, owed by the Customer to The Broker pursuant to this Agreement. (b) For the purposes of this Agreement “Indebtedness” means, at any time, all indebtedness of the Customer owing to The Broker represented by the debit balance, if any, in the Accounts at that time and includes interest on any credit extended to the Customer and the reasonable costs of collection of payment owed to The Broker, together with legal fees associated therewith.

Operation of the Account. BMO InvestorLine has the right to determine in its discretion whether or not any order for Transactions in Securities for the BMO InvestorLine Account is acceptable and whether to execute such order. BMO InvestorLine may restrict trading in the BMO InvestorLine Account at any time at its sole discretion. Subject to the provisions of Part C, BMO InvestorLine will promptly credit to the Bank Account any dividends, interest and capital distributions on or in respect of Securities held in the BMO InvestorLine Account, which are paid by cheque, cash, electronic transfer or other immediately available funds, and any monies (net of all commissions and the fees, charges and taxes) received as proceeds from Transactions in Securities held in the BMO InvestorLine Account. The Client acknowledges that the relationship between the Client and BMO InvestorLine and Bank of Montreal with respect to the Bank Account is one of debtor and creditor only. Neither BMO InvestorLine nor the Bank shall be responsible to the Client for any failure of either of them to credit, or any delay by either of them in crediting, any amount to the Bank Account. BMO InvestorLine will promptly debit to the Bank Account any commissions, fees, charges and taxes and other amounts owed by the Client to BMO InvestorLine from time to time, including any interest thereon. The Client acknowledges that BMO InvestorLine may notify the Bank at any time and from time to time to place a “hold funds” order against the Bank Account in respect of the amount of any purchase transactions, short sales, uncleared deposits and any such commissions, fees, charges and taxes, and the Client agrees that the Bank may act on any such notification. BMO InvestorLine will maintain a record of receipts and deliveries of Securities and the Client’s resulting positions in the BMO InvestorLine Account and of credits and debits to the Bank Account initiated by BMO InvestorLine. As BMO InvestorLine offers Canadian and US currency denominated registered accounts (excluding Registered Education Savings Plans), any non US foreign currency deposited into a registered account, including dividends, interest and proceeds from the sale of foreign securities, will be converted into Canadian funds or US funds depending on the side of the account the security is held, and BMO InvestorLine (or parties related to us) may earn revenue from the foreign currency conversion. The Client acknowledges that BMO InvestorLine may, in its sole discreti...

Operation of the Account. 3.1 The maintenance and operation of the Account and all transactions effected thereunder shall at all times be subject to, in compliance with and governed by all applicable rules, regulations, bye-laws, terms and conditions (including such amendments, modifications and additions thereto as may be made from time to time) of any relevant stock exchange and securities depository, including without limitation, CDP. The Client’s relationship with the Company, the operation of all Accounts, the provision of all services and facilities, and the implementation of all orders shall be subject at all times to the Applicable Laws and, to the furthest extent permitted by Applicable Laws, to this Agreement. The Company may take or refrain from taking any action whatsoever, and the Client shall do all things required by the Company in order to procure or ensure compliance with Applicable Laws. Unless otherwise agreed by the Company in writing or otherwise stated in this Agreement, the Company does not and is not willing to assume any advisory, fiduciary or similar or other duties or act as investment adviser to the Client. The Company assumes, and relies on the assumption, that the Client has taken and/or will take the necessary independent legal, tax, financial and other advice in relation to any Account or before entering into any Transaction. The Company will assume that the Client has read and is agreeable to the relationship disclosure disclosed as part of the risk disclosure to the Client. Without prejudice to foregoing clause, the Client acknowledges that the Company prohibits any of its Officers, employees of the Company from giving any representations, trading suggestions, recommendation or information on its behalf that the Company is not itself legally oblige to give. Any such representations, trading suggestions, recommendations or information if made must therefore be regarded as having been made in the personal capacity of such person giving the same. The Client cannot and will not hold the Company liable for any Losses which it suffers if it relies on such representations, trading suggestions, recommendations or information. 3.2 The Company may at the Company’s sole discretion (without having to assign any reasons therefore) effect or refuse to effect trading transactions in respect of the Securities and shall be under no liability whatsoever to the Client in respect thereof. 3.3 The Client hereby authorises the Company to rely and act upon and to treat a...

Operation of the Account. The Company, the Exective, and the ------------------------ Escrow Holder hereby agree that as of and after the date hereof the Account shall be operated free of any and all limitations imposed under the Escrow Agreement and any other related agreements, with the result that the Account will be maintained for the sole benefit of the Company and the Company will have the sole right to the Escrowed Funds, and any rights under the Escrow Agreement formerly held by the Executive in the Account and the Escrowed Funds shall terminate upon execution of this Termination Agreement.