Qualifying Accounts Sample Clauses

The Qualifying Accounts clause defines the criteria that accounts must meet to be considered valid or acceptable under the terms of an agreement. Typically, this involves specifying standards such as accuracy, completeness, and compliance with relevant accounting principles, and may require that accounts be free from material misstatements or irregularities. By establishing clear requirements for what constitutes a qualifying account, this clause ensures that both parties have a mutual understanding of which accounts are included in the transaction or arrangement, thereby reducing the risk of disputes and promoting transparency.
Qualifying Accounts. If it comes to our notice at any time that you are a US Reportable Person or a resident of any other country in which we consider that the provision of the services contemplated in this Agreement is prohibited, we shall have the right (without prejudice to our rights under any other provision of this Agreement) to suspend all activity in the Account and to take the following action:
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Qualifying Accounts. We will tell you which types of accounts qualify for our Online Banking service. You must be a named owner/obligor on the account in our records for it to qualify. Any account requiring more than one signature for withdrawal, draw or transfer of funds does not qualify. You agree to provide us with any authority we require before we permit access to any qualifying account.
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Qualifying Accounts. A Qualifying Account is an account of which you are either an owner or an authorized signer designated to conduct transactions on the owner’s behalf. We undertake no obligation to monitor transactions to determine whether they are executed on the owner’s behalf. Account information and activity regarding Qualifying Accounts at other financial institutions cannot be accessed through Online Banking.
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Qualifying Accounts. The balances of the following types ------------------- of accounts may be aggregated in the calculation of the Minimum Deposit Balance and shall be referred to as "Qualifying Accounts": (i) non-interest bearing demand deposit accounts (DDA), and (ii) such other types of accounts as the parties may from time agree in writing.
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Qualifying Accounts. We will tell you which types of accounts qualify for Hills Bank Online. You must be a named owner/obligor on the account in our records for it to qualify. We may require appropriate approval in writing prior to allowing any signer on your account (other than a joint owner) online access to your account. Any account added online may be used as part of a funds transfer both with Hills Bank and with a verified non-Hills Bank account, regardless of any account restrictions.
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Qualifying Accounts. Certain Henyep accounts and services are offered only to clients meeting qualifications for such accounts established by us from time to time. If we determine in good faith at any time that you do not meet the relevant qualifications, we shall have the right in our absolute discretion at any time without prior notice to you to transfer all of your balances and positions to a new account for which you do meet the qualifications. Your Account will then be subject to the terms of the new account. If it comes to our notice at any time that you are resident in the United States or any other country in which we consider that the provision of the services contemplated in this Agreement is prohibited, we shall have the right (without prejudice to our rights under any other provision of this Agreement) to suspend all activity in the Account and to take the following action:
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Qualifying Accounts. Receivables Eligible accounts will exclude receivables over 90 days old, receivables where more than 25% of receivables of that account debtor are more than 90 days old and receivables due from related entities; foreign accounts receivable will be eligible if covered by credit insurance acceptable the lender.
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Related to Qualifying Accounts

  • 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.

  • Separate Accounts If the Fund has more than one series or portfolio, the Bank will segregate the assets of each series or portfolio to which this Agreement relates into a separate account for each such series or portfolio containing the assets of such series or portfolio (and all investment earnings thereon). Unless the context otherwise requires, any reference in this Agreement to any actions to be taken by the Fund shall be deemed to refer to the Fund acting on behalf of one or more of its series, any reference in this Agreement to any assets of the Fund, including, without limitation, any portfolio securities and cash and earnings thereon, shall be deemed to refer only to assets of the applicable series, any duty or obligation of the Bank hereunder to the Fund shall be deemed to refer to duties and obligations with respect to such individual series and any obligation or liability of the Fund hereunder shall be binding only with respect to such individual series, and shall be discharged only out of the assets of such series.