Common use of Termination or Discontinuation Clause in Contracts

Termination or Discontinuation. This agreement continues in full force and in effect until terminated. You may terminate this Agreement and your use of Cornerstone Bank’s Internet Banking System at any time by sending a written termination notice. Your termination notice will be confirmed by mail. You authorize us to complete fund transfers until we have had a reasonable opportunity to act upon your termination notice. You agree that we may terminate this Agreement and your use of Cornerstone Bank’s Internet Banking System at any time without cause or prior notice. We reserve the right to temporarily suspend the Internet Banking System in a situation deemed appropriate by us, in our sole and absolute discretion, including when we believe a breach of system security has occurred or is being attempted. We may consider repeated incorrect attempts to enter your Password as an indication of attempted security breach. If your Cornerstone Bank Internet Banking has been inactive for a consecutive 90 day period, we may terminate your Internet Banking. After termination, you may again enroll as long as you have a checking, savings, certificate or loan at Cornerstone Bank.

Appears in 4 contracts

Samples: Internet Banking Agreement and Disclosure Statement, Internet Banking Agreement and Disclosure Statement, Internet Banking Agreement and Disclosure Statement

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