Common use of ZERO BALANCE Clause in Contracts

ZERO BALANCE. I/We acknowledge and agree that my/our MGIA shall be closed by the Bank if it appears in the Bank’s book as zero balance and the Bank is entitled to deem that the MGIA is no longer needed by me/usBank’s

ZERO BALANCE. I/We acknowledge and agree that my/our MGIA shall be closed by the Bank if it appears in the Bank’s Bank‟s book as zero balance and when the Bank is shall be entitled to deem conclude that the MGIA is no longer needed by to serve me/usBank’sus. Upon closure of the MGIA, the Passbook may, at the Bank‟s sole and absolute discretion, be retained by you.

ZERO BALANCE. I/We acknowledge and agree that my/our MGIA shall be closed by the Bank if it appears in the Bank’s Bank‟s book as zero balance and when the Bank is shall be entitled to deem conclude that the MGIA is no longer needed by to serve me/usBank’sus. Upon closure of the MGIA, the Passbook / Statement may, at the Bank‟s sole and absolute discretion, be retained by you.

ZERO BALANCE. I/We acknowledge and agree that my/our MGIA shall be closed by the Bank without notifying me/us if it appears in the Bank’s book as zero balance and when the Bank is shall be entitled to deem conclude that the MGIA is no longer needed by to serve me/usBank’sus. Upon closure of the MGIA, the Passbook may, at the Bank’s sole and absolute discretion, be retained by you.