Legal Actions or Claims Affecting Your Account Sample Clauses

Legal Actions or Claims Affecting Your Account. If we are served with a subpoena, restraining order, levy, garnishment, citation to discover assets, search warrant, request for information from a government agency, or other court or administrative order pertaining to your Account (“Legal Action”), we will comply with that Legal Action. Any Legal Action is subject to our set off rights. If we determine it is appropriate, we may freeze (or place a hold on) the assets in the Account and not allow any payments out of the Account until we receive a final court determination regarding the Legal Action. We may freeze the assets in the Account even if the Legal Action does not involve all of the Account holders. We have no liability to you if there are insufficient remaining funds to p a y Items because we withdrew or restricted access to the funds in your Account due to the Legal Action. Your Account will be charged a fee for handling the Legal Action as stated in the Fee Schedule for Consumer Accounts. We may also charge your Account for all additional fees and expenses we incur in connection with the Legal Action (including reasonable attorneys’ fees and our internal expenses).
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Legal Actions or Claims Affecting Your Account. If we are served with a subpoena, summons, restraining order, injunction, levy, garnishment, citation to discover assets, search warrant, lawsuit, request for information from a government agency, or other legal or administrative order pertaining to your Account or your Account is involved in any other legal or administrative proceeding (“Legal Action”), we will comply with that Legal Action as required or allowed by law. Any Legal Action is subject to our set off rights. If we determine it is appropriate, we may place a Hold on the funds in the Account and not allow any payments out of the Account until we receive a final legal determination regarding the Legal Action. We may place a Hold on the assets in the Account even if the Legal Action does not involve all of the Owners of the Account. You agree that we shall have no liability to you if there are insufficient remaining funds to pay your Items because we withdrew or restricted access to the funds in your Account due to the Legal Action or the Hold we place on the Account in response to such Legal Action. Your Account will be charged a legal action processing fee for handling the Legal Action as stated in the fee schedule. Our ability to charge this fee does not depend on the ultimate disposition of the Legal Action, such as whether the Legal Action is ultimately withdrawn or whether we pay funds from your Account in response to that Legal Action. We may also charge your Account and/or bill you for all additional fees and expenses we incur in connection with the Legal Action (including reasonable attorneys’ fees, court costs and our internal expenses).

Related to Legal Actions or Claims Affecting Your Account

  • Presentment of Claims and Collection of Proceeds The Master Servicer shall (to the extent provided in the applicable Servicing Agreement) cause the related Servicer to, prepare and present on behalf of the Trustee and the Certificateholders all claims under the Insurance Policies and take such actions (including the negotiation, settlement, compromise or enforcement of the insured's claim) as shall be necessary to realize recovery under such policies. Any proceeds disbursed to the Master Servicer (or disbursed to a Servicer and remitted to the Master Servicer) in respect of such policies, bonds or contracts shall be promptly deposited in the Master Servicer Collection Account upon receipt, except that any amounts realized that are to be applied to the repair or restoration of the related Mortgaged Property as a condition precedent to the presentation of claims on the related Mortgage Loan to the insurer under any applicable Insurance Policy need not be so deposited (or remitted).

  • Invoicing for Charges Against the Judicial Council’s Master Account A. The Contractor shall establish a Master Account for the Judicial Council’s charges provided for under the exhibits of this Agreement.

  • Litigation, etc The Fund shall give prompt notice in writing to the Purchaser of any litigation, administrative proceeding or business development which is reasonably expected to materially adversely affect its business, properties or affairs or to impair the ability of the Fund to perform its obligations as set forth hereunder or under any of the other Related Documents. All information, reports and other papers, documentation and data with respect to the Fund furnished to the Purchaser pursuant to this Section 6.9 shall be, at the time the same are so furnished, complete and correct in all material respects and, when considered with all other material delivered to the Purchaser under this Agreement or made available pursuant to the Due Diligence Request, will not contain untrue statements of material facts or omit to state material facts necessary to make the statements contained therein, in light of the circumstances under which they were made, not misleading.

  • Claims and Suits (a) The Receiver shall have the right, in its discretion, to (i) defend or settle any claim or suit against the Assuming Bank with respect to which the Receiver has indemnified the Assuming Bank in the same manner and to the same extent as provided in Article XII, and (ii) defend or settle any claim or suit against the Assuming Bank with respect to any Liability Assumed, which claim or suit may result in a loss to the Receiver arising out of or related to this Agreement, or which existed against the Failed Bank on or before Bank Closing. The exercise by the Receiver of any rights under this Section 9.3(a) shall not release the Assuming Bank with respect to any of its obligations under this Agreement.

  • Offsets, Counterclaims and Defenses Any assignee of Lender’s interest in and to this Agreement, the Note and the other Loan Documents shall take the same free and clear of all offsets, counterclaims or defenses which are unrelated to such documents which Borrower may otherwise have against any assignor of such documents, and no such unrelated counterclaim or defense shall be interposed or asserted by Borrower in any action or proceeding brought by any such assignee upon such documents and any such right to interpose or assert any such unrelated offset, counterclaim or defense in any such action or proceeding is hereby expressly waived by Borrower.

  • Notices of Claims and Litigation Promptly inform Lender in writing of (1) all material adverse changes in Borrower’s financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

  • Assistance in Litigation or Administrative Proceedings Covered Entity shall provide written notice to Business Associate if litigation or administrative proceeding is commenced against Covered Entity, its directors, officers, or employees, based on a claimed violation by Business Associate of HIPAA, the HIPAA Rules or other laws relating to security and privacy or PHI. Upon receipt of such notice and to the extent requested by Covered Entity, Business Associate shall, and shall cause its employees, Subcontractors, or agents assisting Business Associate in the performance of its obligations under the Contract to, assist Covered Entity in the defense of such litigation or proceedings. Business Associate shall, and shall cause its employees, Subcontractor’s and agents to, provide assistance, to Covered Entity, which may include testifying as a witness at such proceedings. Business Associate or any of its employees, Subcontractors or agents shall not be required to provide such assistance if Business Associate is a named adverse party.

  • Preferential Collection of Claims Against Depositor or Trust In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other similar judicial proceeding relative to the Trust or any other obligor upon the Trust Securities or the property of the Trust or of such other obligor or their creditors, the Property Trustee (irrespective of whether any Distributions on the Trust Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Property Trustee shall have made any demand on the Trust for the payment of any past due Distributions) shall be entitled and empowered, to the fullest extent permitted by law, by intervention in such proceeding or otherwise:

  • Claims and Litigation No pending or, to the Company's knowledge, threatened, claims, suits or other proceedings exist with respect to any Employee Benefit Plan other than normal benefit claims filed by participants or beneficiaries.

  • Legal Actions A Receiver may bring, prosecute, enforce, defend and abandon any action, suit or proceedings in relation to any Security Asset which he thinks fit.

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