Provisional Credits to Account Sample Clauses

Provisional Credits to Account. Bank may, in its sole discretion, whether as a matter of bookkeeping convenience or otherwise, credit the Account with Portal Fund Shares, Bond Fund Shares, or other Property prior to the Bank’s actual receipt thereof and may credit the Account with the proceeds from any sale, redemption or other disposition of Property or for any interest, dividends or other distributions payable (or believed by Bank to be payable) in respect of Property prior to Bank’s actual receipt of final payment therefore or Bank may make an overpayment to an Account due to valuation variances with a Portal Fund or Bond Fund. All such credits shall be provisional until the Bank’s actual receipt of such Shares or other Property or final payment and may be reversed by Bank at any time to the extent that Shares or other Property or final payment has not been received by Bank or a final valuation varies from the valuation used by Bank. Payment with respect to a transaction will not be final until Bank shall have received immediately available funds that, under applicable law, rule and/or practice, are irreversible and not subject to any security interest, levy or other encumbrance, and which are specifically applicable to such transaction. In the event that Bank permits any amount provisionally credited to the Account to be withdrawn, Client shall repay any such withdrawn amount immediately upon demand by Bank.

Provisional Credits to Account. Bank may, in its sole discretion, whether as a matter of bookkeeping convenience or otherwise, credit the Account with Portal Fund Shares or other Property prior to the Bank’s actual receipt thereof and may credit the Account with the proceeds from any sale, redemption or other disposition of Property or for any interest, dividends or other distributions payable (or believed by Bank to be payable) in respect of Property prior to Bank’s actual receipt of final payment therefore. All such credits shall be provisional until the Bank’s actual receipt of such Shares or other Property or final payment and may be reversed by Bank at any time to the extent that Shares or other Property or final payment has not been received by Bank. Payment with respect to a transaction will not be final until Bank shall have received immediately available funds that, under applicable law, rule and/or practice, are irreversible and not subject to any security interest, levy or other encumbrance, and which are specifically applicable to such transaction. In the event that Bank permits any amount provisionally credited to the Account to be withdrawn, Client shall repay any such withdrawn amount immediately upon demand by Bank.