Chargeback. The Bank may debit an Account with the amount of each Instrument that the Bank has credited to the Account (or otherwise paid to the Customer) and on which the Bank may for any reason be unable to receive irrevocable settlement or payment, together with all associated costs, charges and expenses incurred by the Bank.
Appears in 4 contracts
Samples: Financial Services Agreement, Financial Services Agreement, Financial Services Agreement
Chargeback. The Bank may debit an Account with the amount of each Instrument that the Bank has credited to the Account (or otherwise paid to the Customer) and on which the Bank may for any reason be unable to receive irrevocable settlement or payment, together with all associated costs, charges and expenses incurred by the Bank.. This will include, without limitation, an Instrument to which any party is bankrupt or insolvent, as well as an Instrument that:
Appears in 2 contracts
Samples: Banking Services Terms, Business Services Agreement
