Common use of Service Limitation Clause in Contracts

Service Limitation. SBA shall not permit and is under no obligation to notify the Accountholder/Cardholder for the following: (a) transaction that will result in an overdraft or close the Account/Card; (b) transfer and payment from an Account/Card in an “Unavailable” status such as dormant or expired, or (c) transfer and payment from an Account/Card that is subject to legal process or other encumbrance restricting the transaction.

Appears in 2 contracts

Sources: Electronic Banking Agreement, Electronic Banking Agreement

Service Limitation. SBA shall not permit and is under no obligation to notify the Accountholder/Cardholder Accountholder for the following: (a) transaction that will result in an overdraft or close the Account/Card; (b) transfer and payment from an Account/Card in an “Unavailable” status such as dormant or expired, or (c) transfer and payment from an Account/Card that is subject to legal process or other encumbrance restricting the transaction.

Appears in 1 contract

Sources: Electronic Banking Agreement