RULES GOVERNING DEPOSIT ACCOUNTS Sample Clauses

RULES GOVERNING DEPOSIT ACCOUNTS. A. STANDARD OF CONDUCT. Our deposit relationship with you is that of debtor (WEST BANK) and creditor (you). This Agreement and the deposit relationship do not create a fiduciary, quasi-fiduciary or special relationship between us. Isolated clerical errors, mistakes of judgment or mistakes of understanding do not constitute a failure of WEST BANK to comply with this Agreement. Our internal policies and procedures are solely for our own purposes, and we do not agree to exercise any care beyond what is expressly stated in this Agreement. In no event xxxx XXXX BANK be liable to you for special or consequential losses or damages of any kind, including loss of profits and opportunity or for attorney’s fees incurred by you. The American banking system relies on automated collection and payment procedures. Such automation depends on information coded onto each item. You agree that WEST BANK does not fail to comply with this Agreement solely because it does not examine each item by sight, and that WEST BANK will not be liable for errors or losses due to events beyond its control. Except for consumer electronic funds transfers subject to the Electronic Funds Transfer Act, you agree that if we offer you security services appropriate for your account to help identify and limit fraud or other unauthorized transactions against your account, and you decline or fail to use those services, you may be responsible for any fraudulent or unauthorized transactions which could have been prevented by the services we offered. WEST BANK’S decision to offer security procedures for your accounts does not render WEST BANK liable for any unauthorized transaction. Security procedures are offered for your benefit, to reduce the risk of unauthorized transactions.
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Related to RULES GOVERNING DEPOSIT ACCOUNTS

  • Deposit Accounts Neither Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender has an Account Control Agreement.

  • Bank Accounts The Custodian shall identify on its books as belonging to the applicable Fund cash (including cash denominated in foreign currencies) deposited with the Custodian. Where the Custodian is unable to maintain, or market practice does not facilitate the maintenance of, cash on the books of the Custodian, a bank account or bank accounts shall be opened and maintained outside the United States on behalf of a Portfolio with a Foreign Sub-Custodian. All accounts referred to in this Section shall be subject only to draft or order by the Custodian (or, if applicable, such Foreign Sub-Custodian) acting pursuant to the terms of this Agreement to hold cash received by or from or for the account of the Portfolio. Cash maintained on the books of the Custodian (including its branches, subsidiaries and affiliates), regardless of currency denomination, is maintained in bank accounts established under, and subject to the laws of, The Commonwealth of Massachusetts.

  • Deposit Account (a) On or prior to the Closing Date, the Issuer shall cause the Servicer to establish and maintain, in the name of the Indenture Trustee, for the benefit of the Noteholders and the Certificateholders, the Deposit Account as provided in Section 5.01 of the Sale and Servicing Agreement.

  • Financial Institution with Only Low-Value Accounts An Estonian Financial Institution satisfying the following requirements:

  • FINANCIAL INSTITUTION’S LIABILITY Liability for failure to make transfers. If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

  • Commitment to Diversity in Government Contracting The State of Florida is committed to supporting its diverse business industry and population through ensuring participation by minority-, women-, wartime-, and service-disabled veteran business enterprises in the economic life of the State. The State of Florida Mentor Protégé Program connects minority-, women-, wartime-, and service- disabled veteran business enterprises with private corporations for business development mentoring. We strongly encourage firms doing business with the State of Florida to consider this initiative. For more information on the Mentor Protégé Program, please contact the Office of Supplier Diversity at (000) 000-0000 or xxxxxxx@xxx.xxxxxxxxx.xxx. Upon request, the Contractor shall report to the Department, spend with certified and other minority business enterprises. These reports will include the period covered, the name, minority code and Federal Employer Identification Number of each minority Vendor utilized during the period, commodities and services provided by the minority business enterprise, and the amount paid to each minority Vendor on behalf of each purchasing agency ordering under the terms of this Contract.

  • Entity Accounts With Respect to Which Reporting Is Required With respect to Preexisting Entity Accounts described in paragraph B of this section, only accounts that are held by one or more Entities that are Specified U.S. Persons, or by Passive NFFEs with one or more Controlling Persons who are U.S. citizens or residents, shall be treated as U.S. Accounts. In addition, accounts held by Nonparticipating Financial Institutions shall be treated as accounts for which aggregate payments are required to be reported under an FFI Agreement.

  • New Entity Accounts The following rules and procedures apply for purposes of identifying U.S. Reportable Accounts and accounts held by Nonparticipating Financial Institutions among Financial Accounts held by Entities and opened on or after July 1, 2014 (“New Entity Accounts”).

  • Accounts Excluded from Financial Accounts The following accounts are excluded from the definition of Financial Accounts and therefore shall not be treated as U.S. Reportable Accounts.

  • Special Accounts 1. For the purposes of this Schedule:

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