Balance Control Sample Clauses
The Balance Control clause establishes the right of one party, typically a financial institution or service provider, to monitor and manage the account balances of the other party. In practice, this may involve setting minimum or maximum balance thresholds, restricting certain transactions if balances fall outside specified limits, or requiring the account holder to take corrective action if their balance becomes insufficient. The core function of this clause is to ensure financial stability and reduce risk by allowing proactive oversight and intervention in account management, thereby preventing overdrafts or unauthorized use of funds.
Balance Control. (a) The Subscriber may sign up for a balance control whereby SORACOM Private Network Service shall disconnected from further usage immediately upon it being established that the usage has exceeded a sum, agreed in advance between SORACOM and the Subscriber.
Balance Control. 1. Clearing Corporations shall permanently verify the coherence of balances of securities accounts and of its members in the system. Each member shall daily control the global position of every one of the securities, and for this purpose will use the different balances that compose said position provided by the Clearing Corporation.
2. With the purpose of maintaining the necessary levels of safety in the system, and particularly the coherence between the Clearing Corporation register of the Clearing Corporation and its members, periodical procedures for the balance reconcilement will be established among them.
Balance Control. This control mode will enable manual active power setpoint operations of the energy exchanged with the main grid. The balance control will allow the operator to set active power values to be delivered to the power grid using all the available power sources. The controller operating in balance control mode will allow the following: • Each subsystem can be used independently in "manual" mode, in which case they will participate in the controller algorithm with a constant active power value. • In addition to the choice of active power value, the maximum values of the active power ascent and descent ramps may also be limited.