Negative Balance. A Unitholder shall not have any obligation to the Company or to any other Unitholder to restore any negative balance in the Capital Account of such Unitholder.
Negative Balance for CFD trading shall mean the total negative financial amount in the Client Trading Account owed by the Client to the Company.
Negative Balance. Each time you initiate a transaction using your Account, you authorize the Bank to reduce the funds available in your Account by the amount of the transaction and all associated fees. You are not allowed to exceed the available amount in your Account through an individual transaction or a series of transactions (creating a “negative balance”). Nevertheless, if any transaction causes the balance in your Account to go negative, including any purchase transactions where the retailer or merchant does not request authorization, you shall remain fully liable to us for the amount of any negative balance and any corresponding transaction fees. You may also be liable for any related Insufficient Funds/NSF Fee(s) as set forth in Exhibit 1. We reserve the right to bill you for any negative balance or to recoup such negative balance from your Account or any other account you have at the Bank. You agree to pay us promptly for the negative balance and any related fees. We also reserve the right to terminate your Account if you create one or more negative balances. If you fail to pay us amounts owed under this Agreement, we may refer your Account, and collection of amounts owed, to a collection agency.
Negative Balance. When a Negative Balance occurs, XXXXX has the right to offset future compensation owed to PROVIDER or Participating Provider with the amount owed to XXXXX and the right to xxxx PROVIDER or Participating Provider for such Negative Balance(s). XXXXX will automatically, when possible, apply the Negative Balance to other outstanding payables on PROVIDER’s account. In some instances it may be necessary for XXXXX to send an invoice to PROVIDER for outstanding Negative Balance(s). The PROVIDER is responsible to remit payment to XXXXX upon receipt of invoice. XXXXX retains the right to seek assistance from various collection agencies and/or to suspend or permanently terminate PROVIDER from further participation in XXXXX’ network in accordance with the suspension and termination provisions set forth in this Agreement. A Negative Balance shall not mean an Overpayment as defined herein.
Negative Balance. Employees certified to a permanent position prior to January 1, 1973 will be allowed to accrue a negative balance in their vacation amount; this amount is not to exceed the anticipated vacation earnings in the immediate succeeding twelve-month period.
Negative Balance. If your account has a negative balance for any reason, you agree to pay the amount of the negative balance without notice or demand from us. You also agree to reimburse us for any costs we incur in collecting the amount of any negative balance, including reasonable attorneys’ fees and the costs of litigation. For joint accounts, each owner agrees that all of the owners are jointly and severally liable for all negative balances. Each owner also agrees that we may debit funds from any other account held by each owner to repay any negative balance. Account services may be restricted and your account may be closed due to account mismanagement causing excessive negative balances. Checks and Other Withdrawals We may require you to withdraw funds from your account upon notice. We may refuse any check or other item or withdrawal request if it is not made in a manner specifically authorized for your type of account. We utilize automated collection and processing procedures which rely primarily on information encoded onto each item, whether or not that information is consistent with other information on the item. You agree that LGFCU does not fail to exercise ordinary care in paying an item solely because our automated procedures do not provide for sight-review. Stale and Post-Dated Items Stale-Dated Items: We maintain the option, at our discretion, to either pay or dishonor any stale-dated item (that is, a check presented more than six months after the date of the check) upon presentation to LGFCU. We may pay the item, at our discretion, unless a stop payment order issued by the account holder was in effect. Post-Dated Items: You agree that we will not be liable to you for charging your account before the indicated date on a properly payable but post-dated item unless you give us prior notice that you have issued a post-dated item and you would like to issue a stop payment order for the item. Stopping Payment on Checks You may request a stop payment order on any check drawn on your account. If the account is a joint account, any joint owner can stop payment of any item drawn on the account. To request a stop payment order, please contact your local branch, call 000.000.0000, log on to Member Connect at xxxxx.xxx, or you may send a written request to P.O. Box 29606, Raleigh, NC 27626. The stop payment order must describe the check with reasonable certainty (for example, the payee, account number, check number, and exact amount of the check), and we must receive your...
Negative Balance. Each time you initiate a transaction using your Secured Account, you authorize the Bank to reduce the funds available in your Secured Account by the amount of the transaction and all associated fees. You are not allowed to exceed the available amount in your Secured Account through an individual transaction or a series of transactions (creating a “negative balance”). Nevertheless, if any transaction causes the balance in your Secured Account to go negative, including any purchase transactions where the retailer or merchant does not request authorization, you shall remain fully liable to us for the amount of any negative balance and any corresponding transaction fees. You may also be liable for any related Insufficient Funds/NSF Fee(s) as set forth in Exhibit 1 (Fee Schedule). We reserve the right to bill you for any negative balance or to recoup such negative balance from your Secured Account or any other account you have at the Bank. You agree to pay us promptly for the negative balance and any related fees. We also reserve the right to terminate your Secured Account if you create one or more negative balances. If you fail to pay us amounts owed under this Agreement, we may refer your Secured Account, and collection of amounts owed, to a collection agency.
Negative Balance. No Member with a negative balance in such Member’s Capital Account shall have any obligation to the Company or any other Member to restore said negative balance to zero.
Negative Balance. 12.1. If any action results in a negative balance in your Account, you must reimburse Paynetics the amount of the negative balance immediately upon request. Paynetics may charge the amount of the negative balance against the funds on any other Accounts held by you, including any subsequently loaded funds. Paynetics may suspend Accounts and Cards until it is reimbursed for the negative balance in full and may take legal action against you to recover such amount.
Negative Balance. If your account has a negative balance for any reason, you agree to pay the amount of the negative balance without notice or demand from us. You also agree to reimburse us for any costs we incur in collecting the amount of any negative balance, including reasonable attorneys’ fees and the costs of litigation. For joint accounts, each owner agrees that all of the owners are jointly and severally liable for all negative balances. Each owner also agrees that we may debit funds from any other account held by each owner to repay any negative balance. Account services may be restricted and your account may be closed due to account mismanagement causing excessive negative balances.
