Common use of Processing Transfers and Disqualifying Events Clause in Contracts

Processing Transfers and Disqualifying Events.  A transfer remains "In Process" until fully processed and it will appear as "In Process" on your “Transfer Activity” tab under “Send Money To/From” my accounts at other banks, or “To” someone else using an account number within Online Banking. Transfers remain "In Process" until the close of business on the day the funds are scheduled to be credited to the receiving account.  We may change your dollar limits at any time. Any decrease will be subject to notice, as required by law, but you agree that we may reduce your limits below the amounts stated above or cancel your transfers without prior notice upon occurrence of a Disqualifying Event.  Each of the following is a "Disqualifying Event": o Any of your deposit accounts with 1st Capital Bank are not current or are not in good standing. o Your funding account has been open for less than 24 hours. o You have had an overdraft, an over-limit item, or an item returned for insufficient funds with respect to any 1st Capital Bank deposit account during the current or 3 prior calendar months. o You have had any prior transfer canceled, revoked, or uncompleted due to insufficient funds, revoked authorization, stopped payments, frozen accounts, or any similar reason.  1st Capital Bank will use best efforts to provide oral, written or electronic notice to you of rejection of a transfer on the scheduled date of initiation of the transfer; provided, however, that 1st Capital Bank shall not be liable to you for interest compensation for its failure to give such notice.

Processing Transfers and Disqualifying Events.  A transfer remains "In Process" until fully processed and it will appear as "In Process" on your “Transfer Activity” tab under “Send Money To/From” my accounts at other banks, or “To” someone else using an account number within Online Banking. Transfers remain "In Process" until the close of business on the day the funds are scheduled to be credited to the receiving account.  We may change your dollar limits at any time. Any decrease will be subject to notice, as required by law, but you agree that we may reduce your limits below the amounts stated above or cancel your transfers without prior notice upon occurrence of a Disqualifying Event.  Each of the following is a "Disqualifying Event": o Any of your deposit accounts with 1st Capital Bank are not current or are not in good standing. o Your funding account has been open for less than 24 hours. o You have had an overdraft, an over-limit item, or an item returned for insufficient funds with respect to any 1st Capital Bank deposit account during the current or 3 three (3) prior calendar months. o You have had any prior transfer canceled, revoked, or uncompleted due to insufficient funds, revoked authorization, stopped payments, frozen accounts, or any similar reason.  1st Capital Bank will use best efforts to provide oral, written or electronic notice to you of rejection of a transfer on the scheduled date of initiation of the transfer; provided, however, that 1st Capital Bank shall not be liable to you for interest compensation for its failure to give such notice.