Provisional Account Status Sample Clauses

Provisional Account Status. 1CFCU allows you to become a member/open an account electronically both in the lobby and over the Internet. Any account that is opened by us is opened provisionally for 30 calendar days, the provisional period. During the provisional period, if we do not receive all of the required documents at the time of account opening, or if we discover upon further investigation you do not meet our membership requirements, or you have an unsatisfactory report in ChexSystems/Qualifile, or you fail to fund the savings account with $25 and pay the membership fee, we will close your account. If you open an account online and you do not electronically sign and we receive, or you do not return a printed and signed copy of our Membership Application and Account Authorization – Signature Card, within the provisional period, we will close your account. If you open an account in our lobby and request to add a joint owner who is not present at the time of account opening, we will refuse any request for access to the account by the joint owner until we receive a properly completed and signed Membership Application and Account Authorization form signed by the joint owner. If you open an account online and list a joint owner and we do not receive all of the required information on the joint owner, or we do not receive an electronically signed or a printed and signed Membership Application Account Authorization / Signature Card by the joint owner, we will refuse the joint owner access to the account. If you add a P.O.D. Beneficiary when you open an account and you do not provide all of the required information for the P.O.D. Beneficiary, we may ignore any P.O.D. Beneficiary instruction(s) on the signature card and you agree to hold us harmless from any claim as a result of our actions. If we close your account for any of the reasons above, we will mail you a check in the amount of the available balance to the address of record on the account. Any recently, deposited items subject to a funds availability hold will delay our check issuance until all funds are satisfactorily collected from other financial institutions. You agree, we have no responsibility of any kind to you for closing your account and you agree to hold the credit union harmless and agree to defend us against any claim of any type that may arise out of the credit union closing your account for the reasons listed above. Our closure of your account does not terminate your responsibilities to us as outlined in this Accoun...
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Related to Provisional Account Status

  • Designation of Additional Accounts The Seller hereby delivers herewith a computer file or microfiche or written list containing a true and complete list of all such Additional Accounts specifying for each such Account, as of the Additional Cut-Off Date, its account number, the aggregate amount of Receivables outstanding in such Account and the aggregate amount of Principal Receivables in such Account. Such file or list shall, as of the date of this Assignment, supplement Schedule 1 to the Agreement.

  • Permitted Withdrawals and Transfers from the Master Servicer Collection Account (a) The Master Servicer will, from time to time on demand of the Master Servicer, the Trustee or the Securities Administrator, make or cause to be made such withdrawals or transfers from the Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to the Servicing Agreements. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 10.01 and remove amounts from time to time deposited in error.

  • Designation of Removed Accounts On or before the date that is five Business Days after the Removal Date, the relevant Transferor will deliver to the Trustee a computer file or microfiche list containing a true and complete list of the Removed Accounts, specifying for each such Removed Account, as of the Removal Notice Date, its account number and the aggregate amount of Receivables outstanding in such Removed Account, which computer file or microfiche list shall be marked as Schedule 1 hereto, shall be incorporated herein and made a part hereof, and shall supplement Schedule 1 to the Agreement.

  • Permitted Withdrawals from the Collection Account The Servicer may, from time to time, withdraw funds from the Collection Account for the following purposes:

  • Permitted Withdrawals from the Custodial Account (a) The Master Servicer may, from time to time as provided herein, make withdrawals from the Custodial Account of amounts on deposit therein pursuant to Section 3.07 that are attributable to the Mortgage Loans for the following purposes:

  • Establishment of Custodial Account; Deposits in Custodial Account The Seller shall segregate and hold all funds collected and received pursuant to each Mortgage Loan separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts (collectively, the “Custodial Account”), titled “PrimeLending, in trust for Redwood Residential Acquisition Corporation as Purchaser of Mortgage Loans and various Mortgagors.” Such Custodial Account shall be an Eligible Account established with a commercial bank, a savings bank or a savings and loan association (which may be a depository affiliate of the Seller) which meets the guidelines set forth by the FHFA, Fxxxxx Mxx or Fxxxxxx Mac as an eligible depository institution for custodial accounts. The Custodial Account shall not be transferred to any other depository institution without the Purchaser’s approval, which shall not unreasonably be withheld. In any case, the Custodial Account shall be insured by the FDIC in a manner which shall provide maximum available insurance thereunder and which may be drawn on by the Seller. The Seller shall deposit in the Custodial Account on a daily basis, and retain therein the following payments and collections received or made by it subsequent to the related Cut-off Date (other than in respect of principal and interest on the Mortgage Loans due on or before the related Cut-off Date):

  • Permitted Withdrawals from the Collection Accounts and Certificate Account (a) Each Servicer may from time to time make withdrawals from the related Collection Account for the following purposes:

  • Permitted Withdrawals From Custodial Account The Servicer shall, from time to time, withdraw funds from the Custodial Account for the following purposes:

  • Custodial Accounts; Distribution Account (a) On or prior to the Closing Date, the Master Servicer shall have caused each Servicer to establish and maintain one or more Custodial Accounts, as provided in the related Purchase and Servicing Agreement, into which all Scheduled Payments and unscheduled payments with respect to the related Mortgage Loans, net of any deductions or reimbursements permitted under the related Purchase and Servicing Agreement, shall be deposited. On each Distribution Account Deposit Date, the Servicers shall remit to the Securities Administrator for deposit into the Distribution Account, all amounts so required to be deposited into such account in accordance with the terms of the related Purchase and Servicing Agreements.

  • Permitted Withdrawals from the Certificate Account and the Distribution Account (a) The Master Servicer may (and, in the case of clause (ix) below, shall) from time to time make withdrawals from the Certificate Account for the following purposes but only to the extent of amounts related to the Combined Mortgage Loans or the Group 5 Mortgage Loans, as applicable to the particular withdrawal:

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