Extra Debit Payment Service Sample Clauses

The Extra Debit Payment Service clause establishes the terms under which a customer can make additional debit payments beyond their regular obligations. Typically, this clause outlines the process for initiating extra payments, any associated fees, and how such payments are applied to outstanding balances or future obligations. Its core practical function is to provide flexibility for customers to manage their payments more proactively, potentially reducing interest costs or accelerating debt repayment.
Extra Debit Payment Service. When you complete a transaction using your Debit Card or make a purchase from the Extra Rewards Program using an ACH debit, Extra first instructs the Issuing Bank to use any funds located in the Funding Source. 1. If you do have a
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Extra Debit Payment Service. When you complete a transaction using your Debit Card or make a purchase from the Extra Rewards Program using an ACH debit, Extra deposits funds into your Funding Source (for debit card transactions) or provides necessary purchase funds for the Extra Rewards Store (for purchases from the rewards store that require U.S. currency) in the form of advances made by Extra on your behalf pursuant to these Terms (the “Extra Debit Payment Service” or “EDPS”). Extra is not a lender and does not provide loans. The EDPS and related Extra Services provide access to spending availability to allow you to use your Debit Card or in Extra Rewards Program transactions as limited based on your available Spend Power (as defined below in Section 1.b.iv). You acknowledge and agree that by providing your ACH authorization, you authorize us to instruct ▇▇▇▇▇▇ to initiate ACH debits to repay funds that Extra advances on your behalf pursuant to the EDPS and that your history of successful or failed repayments of such advanced funds may be reported to one or more credit reporting agencies. By agreeing to these terms, you consent to our evaluating whether you are qualified to use the Services, including the EDPS. We do not charge interest or fees on amounts advanced on your behalf pursuant to the EDPS, although fees may be assessed on your use of the Debit Card pursuant to the terms of the Debit Card Cardholder Agreement.
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Extra Debit Payment Service. When you complete a transaction using your Debit Card, Extra deposits funds into your Funding Source in the form of advances made by Extra on your behalf pursuant to these Terms (the “Extra Debit Payment Service” or “EDPS”). Extra is not a lender and does not provide loans. The EDPS and related Extra Services provide access to spending availability for use in Debit Card transactions in the form of Spend Power (as defined below in Section 1.b.iv). You acknowledge and agree that you are obligated to repay funds that Extra advances on your behalf pursuant to the EDPS and that your history of successful or failed repayments of such advanced funds will be reported to one or more credit reporting agencies. By agreeing to these terms, you consent to our evaluating whether you are qualified to use Extra’s Services, including the EDPS. We do not charge interest on amounts advanced on your behalf pursuant to the EDPS although fees may be assessed on your use of the Debit Card pursuant to the terms of the Debit Card Cardholder Agreement.
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Extra Debit Payment Service. Extra is not a lender and does not provide loans nor does it extend credit. To allow us to report credit history, we have, however, structured the product as set forth below. In order to provide authorizations to the Issuing Bank, we will make funds available to you in an amount we determine. We call this amount your EDPS. Funds from the EDPS will be used to fund transactions made with your Debit Card. We will determine whether to authorize use of the EDPS by evaluating the amount of funds in your Partner Account at or before the time of a transaction. We will not use or access your credit score. By agreeing to these terms, you consent to our evaluating whether you are qualified to use the EDPS. Other than Debit Card fees (see Section 1.f), we do not charge interest for use of the EDPS.
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Extra Debit Payment Service. When you complete a transaction using your Debit Card or make a purchase from the Extra Rewards Program using an ACH debit (as applicable), the Issuing Bank will use any funds located in the Funding Source. In the case of insufficient funds, the Services may enable you to fund your Funding Source and transact using the Debit Card. 1. If you do have a Line of Credit. If there are insufficient funds in the Funding Source, Lead Bank may allow you to access an overdraft line of credit (“OLOC”) to fund the transaction. The OLOC is subject to the separate terms of the Overdraft Line of Credit Agreement. Your eligibility for the OLOC is the decision of the Lead Bank. If Lead Bank authorizes an extension of credit, Lead Bank deposits funds into your Funding Source (for Debit Card transactions) or provides necessary purchase funds for the Extra Rewards Store (for purchases from the rewards store that require U.S. currency) in the form of advances made by Lead Bank through Extra on your behalf pursuant to these Terms and the OLOC Agreement. Extra is not a lender and does not provide loans; all credit is extended by Lead Bank. The OLOC and related Services may be used to fund your Funding Source or to make purchases in connection with the Extra Rewards Program transactions and are limited based on your Available Spend Power (as defined below in Section 1.b.iv). You may enroll in an automatic repayment program, pursuant to which you acknowledge and agree that by providing your ACH authorization, you authorize us to (i) instruct ▇▇▇▇▇▇ to initiate ACH debits to repay funds that Lead Bank advances on your behalf pursuant to the OLOC as set forth below and (ii) that your history of successful or failed repayments of such advanced funds may be reported to one or more credit reporting agencies. By agreeing to these terms, you consent to our evaluating whether you are qualified to use the Services, including the OLOC. A balance on your account must be repaid within fourteen days. You may also enroll in an automatic repayment program pursuant to which Extra will instruct Dwolla to initiate an ACH for the transaction amount on the 14th day after the transaction, unless you voluntarily authorize us to ACH the funds before the 14th day after the transaction. Lead Bank does not charge interest or fees on amounts advanced on your behalf pursuant to the OLOC, although fees may be assessed on your use of the Debit Card pursuant to the terms of the Debit Card Cardholder Agreement. 2...
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Related to Extra Debit Payment Service

  • Payment Services The Application allows the User to access some or all of the following Payment Services (depending on the services that the Partner has integrated). ● The opening of a Payment Account; ● Carrying out the following operations: o Withdrawal o Transfers (in/out) o Direct debits (in / out) o Payment transactions through a Card; ● Issuing of a Card, associated with the Payment Account; ● Card acquiring

  • Deposit Account Payments Subsection (b) is amended to read as follows:

  • Investment Services The Sub-Adviser will formulate and implement a continuous investment program for the Fund conforming to the investment objective, investment policies and restrictions of the Fund as set forth in the Prospectus and Statement of Additional Information of the Company as in effect from time to time (together, the "Registration Statement"), the Articles of Incorporation and By-laws of the Company, and any investment guidelines or other instructions received by the Sub-Adviser in writing from the Investment Manager from time to time. Any amendments to the foregoing documents will not be deemed effective with respect to the Sub-Adviser until the Sub-Adviser's receipt thereof. The appropriate officers and employees of the Sub-Adviser will be available to consult with the Investment Manager, the Company and the Directors at reasonable times and upon reasonable notice concerning the business of the Company, including valuations of securities which are not registered for public sale, not traded on any securities market or otherwise may be deemed illiquid for purposes of the ICA; provided it is understood that the Sub-Adviser is not responsible for daily pricing of the Fund's assets. Subject to the supervision and control of the Investment Manager, which in turn is subject to the supervision and control of the Directors, the Sub-Adviser in its discretion will determine which issuers and securities will be purchased, held, sold or exchanged by the Fund or otherwise represented in the Fund's investment portfolio from time to time and, subject to the provisions of paragraph 3 of this Agreement, will place orders with and give instructions to brokers, dealers and others for all such transactions and cause such transactions to be executed. Custody of the Fund will be maintained by a custodian bank (the "Custodian") and the Investment Manager will authorize the Custodian to honor orders and instructions by employees of the Sub-Adviser designated by the Sub-Adviser to settle transactions in respect of the Fund. No assets may be withdrawn from the Fund other than for settlement of transactions on behalf of the Fund except upon the written authorization of appropriate officers of the Company who shall have been certified as such by proper authorities of the Company prior to the withdrawal. The Sub-Adviser will not be responsible for the provision of administrative, bookkeeping or accounting services to the Fund except as specifically provided herein, as required by the ICA or the Advisers Act or as may be necessary for the Sub-Adviser to supply to the Investment Manager, the Fund or the Fund's shareholders the information required to be provided by the Sub-Adviser hereunder. Any records maintained hereunder shall be the property of the Fund and surrendered promptly upon request. In furnishing the services under this Agreement, the Sub-Adviser will comply with and use its best efforts to enable the Fund to conform to the requirements of: (i) the ICA and the regulations promulgated thereunder; (ii) Subchapter M of the Internal Revenue Code and the regulations promulgated thereunder; (iii) other applicable provisions of state or federal law; (iv) the Articles of Incorporation and By-laws of the Company; (v) policies and determinations of the Company and the Investment Manager provided to the Sub-Adviser in writing; (vi) the fundamental and non-fundamental investment policies and restrictions applicable to the Fund, as set out in the Registration Statement of the Company in effect, or as such investment policies and restrictions from time to time may be amended by the Fund's shareholders or the Directors and communicated to the Sub-Adviser in writing; (vii) the Registration Statement; and (viii) investment guidelines or other instructions received in writing from the Investment Manager. Notwithstanding the foregoing, the Sub-Adviser shall have no responsibility to monitor compliance with limitations or restrictions for which information from the Investment Manager or its authorized agents is required to enable the Sub-Adviser to monitor compliance with such limitations or restrictions unless such information is provided to the Sub-adviser in writing. The Sub-Adviser shall supervise and monitor the activities of its representatives, personnel and agents in connection with the investment program of the Fund. Nothing in this Agreement shall be implied to prevent the Investment Manager from engaging other sub-advisers to provide investment advice and other services to the Fund or to series or portfolios of the Company for which the Sub-Adviser does not provide such services, or to prevent the Investment Manager from providing such services itself in relation to the Fund or such other series or portfolios. The Sub-Adviser shall be responsible for the preparation and filing of Schedule 13-G and Form 13-F on behalf of the Fund. The Sub-Adviser shall not be responsible for the preparation or filing of any other reports required of the Fund by any governmental or regulatory agency, except as expressly agreed in writing.

  • Income Collection, Transaction Processing, Account Administration of a basis point per annum on the average net assets of the Fund.

  • Fire Department Service Charge We will pay up to $500 for your liability assumed by contract or agreement for fire department charges incurred when the fire department is called to save or protect covered property from a Peril Insured Against. We do not cover fire department service charges if the property is located within the limits of the city, municipality or protection district furnishing the fire department response. This coverage is additional insurance. No deductible applies to this coverage.