Temporary Holds Sample Clauses
The Temporary Holds clause allows a party to place a temporary restriction or freeze on certain assets, funds, or services under specific circumstances. In practice, this might involve a bank freezing an account during a dispute or a service provider pausing access to a platform while investigating suspicious activity. The core function of this clause is to protect the interests of the parties involved by preventing unauthorized use or transfer during periods of uncertainty or risk.
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Temporary Holds. NBDB may not carry out your instruction in connection with certain or all securities, funds or other products in your account. NBDB may place a temporary suspension on the securities, funds or other products held in your account, for example, during a subscription transaction, purchase, sale, withdrawal or transfer. This temporary suspension may occur in particular if NBDB has reasonable grounds to believe that you are a vulnerable person or are or have been the victim of financial exploitation (including financial abuse), or even of an attempted financial exploitation (or financial abuse) or that you do not have the mental capacity to make financial decisions involving financial matters. If such situation arises, NBDB will advise you of the reasons for this suspension as soon as possible. If the temporary suspension must be maintained beyond a period of 30 days, you will be informed of the reasons justifying it at each subsequent period of 30 days.
Temporary Holds. We have the right to place a temporary hold on your account in an amount equal to the authorization amount received through the payment authorization system. In certain circumstances the payment authorization system permits the authorization amount we receive to be more or less than the final amount of the transaction. This typically happens when the final amount of your purchase is not known at the moment when the Card is entered or “swiped” for authorization. Until the transaction finally settles, or we determine that it is unlikely to be processed, the funds subject to the hold will not be available to you for other purposes. We will only charge your account for the amount of the final transaction and will release from the hold any excess amount upon final settlement of the transaction.
Temporary Holds. To facilitate certain electronic transactions we may place temporary holds on funds in your accounts. These holds may be for periods of 36-hours or more, and are used to protect the Credit Union. The Credit Union can neither control the parties with whom you do business nor regulate the processing of transactions through the commercial networks used to facilitate your transactions; Therefore, transactions may be processed after the expiration of any such temporary holds, and it is your obligation to insure that sufficient funds are on deposit at all times to cover the your transactions.
Temporary Holds. The Manager may place a temporary hold on the Account if the Manager believes the client is a vulnerable client, as defined in NI 31-103, AND the Manager reasonably believes financial exploitation of the client has occurred, is occurring, has been attempted or will be attempted. If the Manager were to conclude a temporary hold should be placed on the Account, the Manager will provide, as soon as possible, notice to the client of the temporary hold, including the reasons for the temporary hold. After a temporary hold is in place, the Manager will review, on a reasonably frequent basis, the relevant facts related to the temporary hold to determine if continuing the hold is appropriate. In addition, within 30 days, and every subsequent 30- day period of the Manager placing the temporary hold, the Manager will either (a) revoke the temporary hold, or (b) provide the client notice of the Manager’s decision to continue the temporary hold, and the reasons for that decision.
Temporary Holds. If you are an individual, if we reasonably believe that you are in a vulnerable position and are being financially exploited or that you are experiencing diminished mental capacity that may affect your ability to make financial decisions relating to your account(s) with us, we may place a temporary hold on a particular transaction. We will provide you with notice, either written or verbal, explaining our reasons for the temporary hold. We may also contact your Trusted Contact Person about a temporary hold.
Temporary Holds. 3.11.1. All vehicles held under a temporary hold will be placed in secure, inside, police hold storage facilities at the Tow Contractor’s storage location for 72 hours, unless prior notification is received from the requesting Agency that the hold has been lifted. When a temporary hold vehicle is towed after 1630 hours or on a weekend or holiday, the computation of the 72-hour period will not begin until 0800 on the next working day.
3.11.2. When a temporary hold is applied solely for purposes of verifying a V.I.N., the vehicle may be stored outside, except in inclement weather, when upon request the Tow Contractor will move the vehicle into sheltered storage for the V.I.N. inspection.
3.11.3. Tow Contractor will refer all inquiries regarding vehicles held under temporary or formal police holds to the officer who issued the hold or to the requesting Agency. Tow Contractor will not provide any information about hold vehicles to anyone except authorized Agency personnel.
Temporary Holds. We have the right to place a temporary hold on your account in an amount equal to the authorization amount received through the