Common use of Processing Transfers and Disqualifying Events Clause in Contracts

Processing Transfers and Disqualifying Events. (a) A Transfer remains in process until the close of business on the applicable Scheduled Date. (b) A 2 to 3 Business Day delivery time is available to Customers participating in the External Transfer Service. However, you agree we may cancel a Transfer, without prior notice, upon the occurrence of a DisqualifyingEvent. (c) Each of the following is a "Disqualifying Event": (i) Any of your deposit or loan accounts with us are not current or are not in good standing. (ii) You have had an overdraft, an over-limit item, or an item returned for insufficient funds with respect to any account with us during the current or 3 prior calendar months. (iii) You have had any prior Transfer canceled, revoked, or uncompleted due to insufficient funds, revoked authorization, stopped payments, frozen accounts, past due loans or, charged off balances with us, or any similar reason. (d) We will use our best efforts to provide oral, written or electronic notice to you of rejection of a Transfer on its Scheduled Date; provided, however, that we will not be liable to you for interest for its failure to give suchnotice.

Processing Transfers and Disqualifying Events. (a) A Transfer remains in process until the close of business on the applicable Scheduled Date. (b) A 2 to 3 Business Day delivery time is available to Customers participating in the External Transfer Service. However, you agree we may cancel a Transfer, without prior notice, upon the occurrence of a DisqualifyingEvent. (c) Each of the following is a "Disqualifying Event": (i) Any of your deposit or loan accounts with us are not current or are not in good standinggoodstanding. (ii) You have had an overdraft, an over-limit item, or an item returned for insufficient funds with respect to any account with us during the current or 3 prior calendar months. (iii) You have had any prior Transfer canceled, revoked, or uncompleted due to insufficient funds, revoked authorization, stopped payments, frozen accounts, past due loans or, charged off balances with us, or any similar reason. (d) We will use our best efforts to provide oral, written or electronic notice to you of rejection of a Transfer on its Scheduled Date; provided, however, that we will not be liable to you for interest for its failure to give suchnotice.