Closing Account Clause Samples
The Closing Account clause outlines the procedures and requirements for finalizing the financial accounts at the conclusion of a transaction or contractual relationship. Typically, this clause specifies how the final balance will be determined, what adjustments may be made for outstanding payments or obligations, and the timeline for settling any remaining amounts. Its core practical function is to ensure that both parties have a clear and agreed-upon process for reconciling accounts, thereby preventing disputes and ensuring a clean financial break at the end of the agreement.
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Closing Account. We may close your account at any time, with or without cause, by sending you notice and a check for the balance in our possession to which you may be entitled. At our discretion, we have the authority to pay an otherwise properly payable check, which is presented after the closing of your account.
Closing Account. Once you close your Accounts with the Bank or you no longer have a debit card, you may no longer send Transfers. However your Account information will be maintained for a retention period to accommodate any residual issues that may arise.
Closing Account. We may close the account at any time, with or without cause, after sending you notice if advance notice is required by law. If applicable, a notice may be sent to you that specifies when the account will be closed. At our discretion, we have the authority to pay an otherwise properly payable check, which is presented after the closing of your account. Such a termination will not release you from any fees or other obligations incurred before the termination. We will send a check for the balance in our possession to which you are entitled.
Closing Account. Payment of the Purchase Price by the Investors to the Company shall be made by remittance of immediately available funds to a bank account designated by the Company acceptable to the Investors (the “Closing Account”).
Closing Account. Payment of the Subscription Price by each Investor to the Company shall be made by remittance of immediately available funds to a bank account of the Company acceptable to the Investors (the “Closing Account”). All bank charges and related expenses for remittance and receipt of funds shall be borne by the account of the Company.
Closing Account. Payment of the Purchase Price by the Purchaser to the Company shall be made by remittance of immediately available US$ funds to a bank account designated by the Company in writing at least three (3) Business Days before the Closing (the “Closing Account”). All bank charges and related expenses for remittance and receipt of any Purchase Price shall be for the account of the Company.
Closing Account. Depository may close your Deposit Account at any time, with or without cause, by sending you notice and a check for the balance in Depository’s possession to which you may be entitled. At Depository’s discretion, Depository has the authority to pay an otherwise properly payable check, which is presented after the closing of your Deposit Account.
Closing Account. Payment of the aggregate purchase price by the Investors to the Company shall be made by remittance of immediately available funds to a bank account of the Company acceptable to the Investors (the “Closing Account”). All bank charges and related expenses for remittance and receipt of funds shall be for the account of the Company. The Company and the representative designated by Matrix (the “Representative”, initially to be ▇▇▇▇▇▇▇ ▇▇▇▇) shall be co-signatories to the Closing Account (the “Closing Account Signatories”). No disbursement shall be made from the Closing Account without the signatures of the Closing Account Signatories designated by the Company and the Representative.
Closing Account. You may close any account without notice to me without affecting any other accounts operated under this Account Agreement, and I agree that any outstanding charges against that account may be debited to another account. Either you or I may, on written notice, close the Account. RRSP / RRIF / RESP ACCOUNTS The provisions of this Account Agreement as they relate to joint accounts (including the application of monies from one account against debits in another and closing accounts) do not apply to any RRSP, RRIF or RESP accounts that I may open with you. I agree that each RRSP, RRIF or RESP account will be the subject of a separate agreement between us and that such separate RRSP, RRIF or RESP agreement will apply in the event of a conflict between it and this Account Agreement.
Closing Account. You or we may close your account at any time, with or without cause and with or without notice. You will pay any fees and costs for closing the account, as well as any outstanding Items. Our rights and your obligations survive any closing of the account or cancellation of this Agreement. You will not claim we wrongfully dishonored Items we return unpaid on or after the day the account was closed. At our discretion, we have the authority to pay an otherwise properly payable check which is presented after the closing of your account. If we receive an electronic credit or payment to you or to your account after your account has been closed, you agree that we may either return the credit to the sender or credit your account for the amount of the payment or deposit. If we post the credit or deposit to your account, you also agree that we may setoff against the balance in the account after we post the credit or deposit to recover any debt that you might owe to us.