Suspension/Termination of account Sample Clauses

Suspension/Termination of account. If your right to use the card is suspended or your card account is terminated, we may at our option and without prejudice to any of our rights and remedies, stop paying the said instalments for you, or bill the aggregate sum of the remaining instalments to you forthwith.
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Suspension/Termination of account. 17.1 The Client hereby agrees that the Company shall be entitled at the Company’s absolute discretion, without notice, to suspend or terminate the Account: (a) in the event of the Client failing to observe any of the terms and conditions contained herein or in other document which may from time to time govern the operation of the Account; (b) (where the Client is an individual) in the event of the Client becoming insolvent; (c) (where the Client is a corporation), in the event that: (i) any claimant takes possession or a receiver and/or manager (including a judicial manager) or similar officer is appointed over any of the Client’s assets; or (ii) a petition is presented in any court of competent jurisdiction or a resolution is passed for the winding up of the corporation or any similar or analogous proceedings are taken; or (iii) if a distress or execution is levied or enforced upon or issued out against any part of the property or assets of the corporation and is not discharged within seven (7) days of it being levied; or (iv) if legal proceedings, suits or action of any kind whatsoever (whether criminal or civil) are instituted against the corporation and the Company is of the opinion that such proceedings, suits and/or actions may affect the corporation’s ability to perform and observe the corporation’s obligations hereunder; or (v) the corporation ceases or threatens to cease to carry on business; or (vi) a situation shall have arisen which in the opinion of the Company would make it improbable that the corporation will be able to perform the corporation’s obligations hereunder. (d) where the Company deems it in the Company’s interests that the Account be suspended or terminated.
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Related to Suspension/Termination of account

  • Termination of Account We may terminate your account at any time without notice to you or may require you to close your account and apply for a new account if: (1) there is a change in owners or authorized signers; (2) there has been a forgery or fraud reported or committed involving your account; (3) there is a dispute as to the ownership of the account or of the funds in the account; (4) any checks or drafts are lost or stolen; (5) there are excessive returned unpaid items not covered by an overdraft protection plan; (6) there has been any misrepresentation or any other abuse of any of your accounts; or (7) we reasonably deem it necessary to prevent a loss to us. You may terminate an individual account by giving written notice. We reserve the right to require the consent of all owners to terminate a joint account. We are not responsible for payment of any check, draft, withdrawal, transaction, or other item after your account is terminated; however, if we pay an item after termination, you agree to reimburse us.

  • Suspension Termination If Borrower voluntarily suspends its business or, the partnership is dissolved or terminated, other than a technical termination of the partnership for tax purposes.

  • SUSPENSION/TERMINATION PROCEDURE Regardless of basis, in the event of suspension or termination (in full or in part), the parties shall cooperate to ensure an orderly and efficient suspension or termination. Accordingly, Contractor shall deliver to Purchasers all Services that are complete (or with approval from Enterprise Services, substantially complete) and Purchasers shall inspect, accept, and pay for the same in accordance with this Contract and the applicable Purchase Order. Unless directed by Enterprise Services to the contrary, Contractor shall not process any orders after notice of suspension or termination inconsistent therewith.

  • SUSPENSION & TERMINATION FOR DEFAULT Enterprise Services may suspend Contractor’s operations under this Contract immediately by written cure notice of any default. Suspension shall continue until the default is remedied to Enterprise Services’ reasonable satisfaction; Provided, however, that, if after thirty (30) calendar days from such a suspension notice, Contractor remains in default, Enterprise Services may terminate Contractor’s rights under this Contract. All of Contractor’s obligations to Enterprise Services and Purchasers survive termination of Contractor’s rights under this Contract, until such obligations have been fulfilled.