Maintaining a credit balance Sample Clauses

Maintaining a credit balance. Unless we have granted you credit on your Account, you agree to maintain a credit balance at all times. If a debit balance arises, it is immediately due and payable from you to us and you agree to fund your Account to repay the debit balance immediately. You agree to pay interest and/or fees on any debit balance that arises as specified in the pricing guides. Interest is charged on a debit balance daily at midnight and is debited to your Account, with any fees, monthly in arrears. A transaction that you have done may sometimes only be debited to your account long after you have used your debit card to authorise the transaction. Your risk of a debit balance A debit balance can arise on your Account when you do not have a credit facility if: • your credit balance is insufficient to pay our fees when they are debited to your Account; • we allow you to draw against cheques that have been credited to your Account before we have collected payment from the drawer’s bank and the cheque is stopped or dishonoured; or • other debits passed to your Account exceed your credit balance (e.g. we allow a payment through to assist you although your credit balance is insufficient or we reverse a credit made to your Account in error). A debit balance may affect your credit profile. Absa Bank Limited Reg No 1986/004794/06 Authorised Financial Services Provider Registered Credit Provider Reg No NCRCP7 Absa 5679 EX (17/03/2021)
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Maintaining a credit balance. Unless we have granted you credit on your Account, you agree to maintain a credit balance at all times. If a debit balance arises it is immediately due and payable from you to us and you agree to fund your Account to repay the debit balance immediately. You agree to pay interest and/or fees on any debit balance that arises as specified in the Pricing Guides. Interest is charged on a debit balance daily at midnight and is debited to your Account, with any fees, monthly in arrears. Your risk of a debit balance A debit balance can arise on your Account when you do not have a credit facility if: • your credit balance is insufficient to pay our fees when they are debited to your Account; or • we allow you to draw against cheques that have been credited to your Account before we have collected payment from the drawer’s bank, and the cheque is stopped or dishonoured; or • other debits passed to your Account exceed your credit balance (e.g. we allow a payment through to assist you although your credit balance is insufficient, or we reverse a credit made to your Account in error). A debit balance may affect your credit profile. Absa Bank Limited Reg No 1986/004794/06 Authorised Financial Services Provider Registered Credit Provider Reg No NCRCP7 Absa 5679 EX 25/10/2019)
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Maintaining a credit balance. Unless we have granted you a credit facility on your Account, you agree to maintain a credit balance at all times. If a debit arises, it is immediately due and payable from you to us and you agree to fund your Account to repay the debit balance immediately. We may, in our sole discretion, allow you to have a debit balance within a limit and for as long as it appears appropriate to us as an informal credit facility to assist you on a short-term basis. You agree to pay interest and/or fees on any debit balance that arises as specified in the Tariff Guides. Interest is accrued on a debit balance daily at the end of the day and is charged to your Account monthly in arrears. Fees are debited shortly after the time of the transaction to which they relate, or monthly in arrears. A transaction undertaken with your debit card may not be debited to your account immediately; and the debit will reflect on your account statement at a later date. Any funds to be debited as a result of such a transaction will be unavailable for use. Your risk of a debit balance A debit balance can arise on your Account when you do not have a credit facility if: your credit balance is insufficient to pay our fees when they are debited to your Account, or we allow you to draw against cheques that have been credited to your Account before we have collected payment from the drawer’s bank, and the cheque is stopped or dishonoured, or other debits passed to your Account exceed your credit balance (e.g. we allow a payment through to assist you although your credit balance is insufficient, or we reverse a credit made to your Account in error). A debit balance may affect your credit profile.
Sample 1
Maintaining a credit balance. Unless we have granted you credit on your Account, you agree to maintain a credit balance at all times. If a debit balance arises it is immediately due and payable from you to us, and you agree to fund your Account to repay the debit balance immediately. You agree to pay interest and/or fees on any debit balance that arises as specified in the Pricing Guides. Interest is charged on a debit balance daily at midnight and is debited to your Account, with any fees, monthly in arrears. Your risk of a debit balance A debit balance can arise on your Account when you do not have a credit facility if: • your credit balance is insufficient to pay our fees when they are debited to your Account, or • we allow you to draw against cheques that have been credited to your Account before we have collected payment from the drawer’s bank, Absa Bank Limited Reg No 1986/004794/06 Authorised Financial Services Provider Registered Credit Provider Reg No NCRCP7 Absa 5679 EX (Online) (01/07/2018) and the cheque is stopped or dishonoured, or • other debits passed to your Account exceed your credit balance (e.g. we allow a payment through to assist you although your credit balance is insufficient, or we reverse a credit made to your Account in error). A debit balance may affect your credit profile.
Sample 1

Related to Maintaining a credit balance

  • Credit Balances No interest or other amount will be paid by the Custodian on any credit balance on an Allocated Account.

  • Application of credit balances Each Creditor Party may without prior notice:

  • Amount of Credit Any reference herein to the amount of credit outstanding shall mean, at any particular time:

  • P R E A M B L E 26 27 This Agreement is made and entered into between Peninsula School District Number 401 28 (hereinafter "District") and Public School Employees of Peninsula, Bus Driver Unit, an affiliate of 29 Public School Employees of Washington (hereinafter "Association"). 31 In accordance with the provisions of the Public Employees Collective Bargaining Act and regulations 32 promulgated pursuant thereto, and in consideration of the mutual covenants contained herein, the 33 parties agree as follows: 34 35 37 A R T I C L E I 38 39 RECOGNITION AND COVERAGE OF AGREEMENT 40 41 Section 1.1. 42 The District hereby recognizes the Association as the exclusive representative of all employees in the 43 bargaining unit described in Section 1.3, and the Association recognizes the responsibility of 44 representing the interests of all such employees.

  • What if I Make a Contribution for Which I Am Ineligible or Change My Mind About the Type of IRA to Which I Wish to Contribute? Prior to the due date (including extensions) for filing your tax return, you may elect to “recharacterize” amounts that you contributed to an IRA during the year by making a recharacterization of the contributed amount and earnings. Thus, for example, if you contribute amounts to a Xxxx XXX and later determine that you are ineligible to make a Xxxx XXX contribution for the year, you may at any time prior to the tax return due date for the year (including extensions) make a recharacterization of the contributions and earnings to a Traditional IRA.

  • Reduction of Total Commitment The Borrower shall have the right at ----------------------------- any time and from time to time upon five (5) Business Days prior written notice to the Agent to reduce by $2,500,000 or an integral multiple of $500,000 in excess thereof or terminate entirely the Total Commitment, whereupon the Commitments of the Banks shall be reduced pro rata in accordance with their --- ---- respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower delivered pursuant to this (S)2.3, the Agent will notify the Banks of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Agent for the respective accounts of the Banks the full amount of any commitment fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

  • Tax Credit for Contributions You may be eligible to receive a tax credit for your IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2019 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–38,500 $1–28,875 $1–19,250 50 $38,501–41,500 $28,876–31,125 $19,251–20,750 20 $41,501–64,000 $31,126–48,000 $20,751–32,000 10 Over $64,000 Over $48,000 Over $32,000 0 2020 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–39,000 $1–29,250 $1–19,500 50 $39,001–42,500 $29,251–31,875 $19,501–21,250 20 $42,501–65,000 $31,876–48,750 $21,251–32,500 10 Over $65,000 Over $48,750 Over $32,500 0 *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments each year.

  • Contribution Formula Dental Coverage a. Faculty Member Coverage. For faculty member dental coverage, the Employer contributes an amount equal to the lesser of ninety percent (90%) of the faculty member premium of the State Dental Plan, or the actual faculty member premium of the dental plan chosen by the faculty member. However, for calendar years beginning January 1, 2006, and January 1, 2007, the minimum employee contribution shall be five dollars ($5.00) per month.

  • Small Accounts The Trustees or their authorized agents may establish, from time to time, one or more minimum investment amounts for Shareholder accounts, which may differ within and among any Series or Class, and may impose account fees on (which may be satisfied by involuntarily redeeming the requisite number of Shares in any such account in the amount of such fee), and/or require the involuntary redemption of Shares held in, those accounts the net asset value of which for any reason falls below such established minimum investment amounts, or may authorize the Trust to convert any such Shares in such account to Shares of another Series or Class (whether of the same or a different Series), or take any other such action with respect to minimum investment amounts as may be deemed necessary or appropriate by the Trustees or their authorized agents, in each case upon such terms as shall be established by the Trustees or their authorized agents.

  • Funding Availability This Contract is at all times subject to state appropriations. The Department makes no express or implied representation or guarantee of continued or future funding under this Contract. The Department has, as of the date of the execution of this Contract, obtained all requisite approvals and authority to enter into and perform its obligations under this Contract, including, without limitation, the obligation to make the initial payment or payments required to be made under this Contract on the date or dates upon which such initial payment or payments may otherwise be disbursed during the current contract period, (i.e., Sept ember 1, 2015, through August 31, 2017). The Grantee acknowledges the Department’s authority to make such payments is contingent upon the Texas Legislature's appropriation to the Department of sufficient funds and the availability of funds to the Department for such purpose. If the State of Texas or the federal government terminates its appropriation through the Department or fails to pay the full amount of the allocation for the operation of any grant or reimbursement program hereunder , or the funds are otherwise unavailable, the Department may immediately and without penalty reduce payments or terminate this Contract, in whole or in part. Upon termination of the Contract or reduction of payments, the Grantee shall return to the Department any unexpended funds already disbursed to the Grantee. Neither the Department nor the State of Texas shall incur liability for damages or any loss that may be caused or associated with such termination or reduction of payments. The Department shall not be required to give prior notice for termination or reduction of payments.

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