TotalCheck Line of Credit Overdraft Protection Sample Clauses

TotalCheck Line of Credit Overdraft Protection. If you have applied for, and we have approved you for, our TotalCheck Line of Credit Overdraft Protection service, the maximum dollar amount of overdraft coverage will be the amount of available credit under your TotalCheck Line of Credit. If we advance funds from your TotalCheck Line of Credit to cover your overdraft(s), then a service fee (as specified in our Schedule of Service Fees and Charges) will be charged to your TotalCheck Line of Credit. Funds advanced from your TotalCheck Line of Credit will be subject to finance charges, and other fees and charges also may apply as provided in your TotalCheck Line of Credit agreement. The TotalCheck Line of Credit Overdraft Protection service also is subject to separate terms and conditions we provide to you. If you are enrolled in our Debit Card Overdraft Authorization and Enrollment service, you cannot also obtain overdraft coverage under the TotalCheck Line of Credit Overdraft Protection service. If you are enrolled in our TotalCheck Line of Credit Overdraft Protection service and there is insufficient overdraft coverage available under that service to cover the amount of an overdraft, then we have the right to either (i) decline to pay the item that would create the overdraft and return it unpaid or (ii) pay the item by advancing any funds available under your TotalCheck Line of Credit to your account and creating an overdraft. If we decline to pay the item, we will assess and debit an insufficient funds charge (as specified in our Schedule of Service Fees and Charges) against your account unless the item is a “one-time” (“everyday”) debit card transaction.If we elect to pay the item, (a) the advance of funds available under your TotalCheck Line of Credit will be subject to a service fee (as specified in our Schedule of Service Fees and Charges) and (b) we also will assess and debit an overdraft charge (as specified in our Schedule of Service Fees and Charges) against your account unless the item creating the overdraft is a “one-time” (“everyday”) debit card transaction.
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
TotalCheck Line of Credit Overdraft Protection. The TotalCheck Line of Credit Overdraft Protection service is subject to separate terms and conditions we provide to you. If you have applied and been approved for our TotalCheck Line of Credit Overdraft Protection service, the maximum dollar amount of overdraft coverage will be the amount of available credit under your TotalCheck Line of Credit. If we advance funds from your TotalCheck Line of Credit to cover your overdraft(s), then a service fee (as specified in our Schedule of Service Fees and Charges) will be charged to your TotalCheck Line of Credit. Funds advanced from your TotalCheck Line of Credit will be subject to finance charges and other fees and charges as provided in your TotalCheck Overdraft Protection Agreement. If you are enrolled in our Debit Card Overdraft Authorization service for a given account, you cannot also obtain overdraft coverage under the TotalCheck Line of Credit Overdraft Protection service for the same account. For more information about this service please see your TotalCheck Overdraft Protection Agreement or contact a Retail Branch Associate.
Sample 1Sample 2

Related to TotalCheck Line of Credit Overdraft Protection

  • Line of Credit Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including April 2, 2015, not to exceed at any time the aggregate principal amount of One Million Five Hundred Thousand Dollars ($1,500,000.00) (“Line of Credit”), the proceeds of which shall be used to finance Borrower’s working capital requirements. Borrower’s obligation to repay advances under the Line of Credit shall be evidenced by a promissory note dated as of May 1, 2012 (“Line of Credit Note”), all terms of which are incorporated herein by this reference.

  • Credit Line If your application is approved by us, this agreement will constitute a revolving line of credit for an amount which will be the credit line under your Account. We will advise you of the amount of your credit line. That amount will be the maximum amount you may have outstanding at any time. You agree not to attempt to obtain more credit than the amount of your credit line. However, if you temporarily exceed your credit line, you agree to repay the excess immediately, even if we have not yet billed you. Obtaining such credit does not increase your credit line and if you exceed your Credit Limit repeatedly, we may suspend your credit privilege under this Agreement. We retain the right to increase or decrease your credit line at any time for any reason. Any increase of reduction on the limit of your credit line will be shown on your monthly statement or by separate notice together with any changes in the applicable minimum monthly payments. Your eligibility for this credit line is determined by our loan policy and may be terminated at our sole discretion, without demand or notice. You may close your credit line at any time by notifying us in writing and returning all Cards cut in half. If you terminate this Agreement or if we terminate or suspend your credit privileges, the provisions of this Agreement and your liability hereunder shall otherwise remain in full force and effect until you have paid us all sums due under this Agreement and returned all Cards.

  • Credit Limit 1. The Allocation Platform shall calculate and continuously update the Credit Limit of each Registered Participant in respect of each subsequent Auction. The Credit Limit shall be equal to the amount of the collaterals in place minus any outstanding payment obligations. In case of a Bank Guarantee such Bank Guarantee shall be only considered if the requirements in Article 20 related to its validity for the respective Auction are fulfilled. The Allocation Platform shall make this information available to each Registered Participant individually through the Auction Tool.

  • Credit Limits 18.1 The Client understands that:

  • Letters of Credit for Payment Bond Notwithstanding the provisions of B4.3, Purchaser may use letters of credit in lieu of a surety bond for payment bond purposes when approved by Contracting Officer.

  • Non-Credit Courses In all cases, no tuition remission shall be made for courses not carrying academic credit, with the exception of nursery school. Individuals may take noncredit courses for one- half of the normal course fee, but no person will be allowed to take two or more such courses simultaneously at this rate. Registration will be handled on a first-come, first-serve basis with no more than twenty percent of the total available places being held for this purpose. A course not being closed on the first day of class may have additional individuals admitted at one-half of the normal course fee.

  • Credit Checks 9.1 The Customer agrees that:

  • Credit Check You are authorized, in your discretion, should you for any reason deem it necessary for your protection to request and obtain a consumer credit report for the Customer.

  • Letter of Credit Fees The Borrower shall pay to the Administrative Agent for the account of each Revolving Credit Lender in accordance, subject to Section 2.16 with its Applicable Revolving Credit Percentage a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate times the daily amount available to be drawn under such Letter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. Letter of Credit Fees shall be (i) due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand and (ii) computed on a quarterly basis in arrears. If there is any change in the Applicable Rate during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the request of the Required Revolving Lenders, while any Event of Default exists, all past due Letter of Credit Fees shall accrue at the Default Rate.

  • Facility Use The Employer shall allow individuals the use of gender- segregated facilities, such as restrooms, locker rooms, and dressing rooms that are consistent with that individual's gender expression or gender identity. In such facilities where undressing in the presence of others occurs, the Employer shall allow access to and use of a facility consistent with that individual's gender expression or gender identity.

Time is Money Join Law Insider Premium to draft better contracts faster.