Common use of Your Obligation Clause in Contracts

Your Obligation. If a Service involves a debit to any of your accounts with us (a “Fund Transfer”), you shall have in your deposit account the required amount of available funds to enable us to make the debit. Nothing in the Agreement shall constitute, or shall be deemed to constitute, a commitment by us to extend credit or grant overdraft privileges to you or any other person, nor shall any course of dealing between you and us constitute, or be deemed to constitute, any such commitment or grant. We shall have no obligation to make any funds available to effect any payment being made by or to you in utilizing any of the Services. At no time shall we be required to overdraw your account, even if we have allowed you to do so on one or more prior occasions.

Appears in 12 contracts

Samples: Management Services Agreement, Management Services Agreement, Management Services

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Your Obligation. If a Service involves a debit to any of your accounts with us (a “Fund Transfer”), you shall have in your deposit account the required amount of available funds to enable us to make the debit. Nothing in the this Agreement shall constitute, or shall be deemed to constitute, a commitment by us to extend credit or grant overdraft privileges to you or any other person, nor shall any course of dealing between you and us constitute, or be deemed to constitute, any such commitment or grant. We shall have no obligation to make any funds available to effect any payment being made by or to you in utilizing any of the Services. At no time shall we be required to overdraw your account, even if we have allowed you to do so on one or more prior occasions.

Appears in 2 contracts

Samples: Management Services Agreement, Management Services Agreement

Your Obligation. If a Service involves a debit to any of your accounts with us (a “Fund Transfer”), you shall have in your deposit account the required amount of available funds to enable us to make the debit. xxxx x. Nothing in the Agreement shall constitute, or shall be deemed to constitute, a commitment by us to extend credit or grant overdraft privileges to you or any other person, nor shall any course of dealing between you and us constitute, or be deemed to constitute, any such commitment or grant. We shall have no obligation to make any funds available to effect any payment being made by or to you in utilizing any of the Services. At no time shall we be required to overdraw your account, even if we have allowed you to do so on one or more prior occasions.

Appears in 1 contract

Samples: Management Services Agreement

Your Obligation. If a Service involves a debit to any of your accounts with us (a “Fund Transfer”), you shall have in your deposit account the required amount of available funds to enable us to make the debit. Nothing in the this Agreement shall constitute, or shall be deemed to constitute, a commitment by us to extend credit or grant overdraft privileges to you or any other person, nor shall any course of dealing between you and us constitute, or be deemed to constitute, any such commitment or grant. We shall have no obligation to make any funds available to effect any payment being made by or to you in utilizing utilising any of the Services. At no time shall we be required to overdraw your account, even if we have allowed you to do so on one or more prior occasions.

Appears in 1 contract

Samples: Management Services Agreement

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Your Obligation. If a Service involves a debit to any of your accounts with us (a “Fund Transfer”), you shall have in your deposit account the required amount of available funds to enable us to make the debit. Nothing in the Agreement shall constitute, or shall be deemed to constitute, a commitment by us to extend credit or grant overdraft privileges to you or any other person, nor shall any course of dealing between you and us constitute, or be deemed to constitute, any such commitment or grant. We shall have no obligation to make any funds available to effect any payment being made by or to you in utilizing any of the Services. At no time shall we be required to overdraw your accountacc ount, even if we have allowed you to do so on one or more prior occasions.

Appears in 1 contract

Samples: Management Services Agreement

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