Definice Current Account
Examples of Current Account in a sentence
The Client does not pay on the due date any financial debt arising under the Frame Agreement or fails to provide sufficient funds on its Current Account to settle a payment that has become due and payable under the Frame Agreement.
The Client undertakes to keep the Current Account with the Bank throughout the effective period of the Frame Agreement.
The Client is entitled to draw down the Short-Term Credit on the Financial Market based on a contract concluded with the Bank over the telephone, provided that the Client has a Current Account with the Bank opened in the Drawdown currency.
The respective Overdraft Credit may be drawn based on payment orders in the agreed currency provided that the Bank keeps a Current Account for the Client in this currency and, in case of the Multicurrency Overdraft Credit, the Bank keeps further the Reference Account in the Reference Currency.
For assessment whether this limit was not or will not be exceeded, the Drawdown on each Current Account specified in the Frame Agreement shall be converted from the Drawdown currency to the Reference Currency according to the foreign-exchange market rate of the Czech National Bank valid as at the conversion date.
The Bank shall debit the interest from the drawn principal of the respective Overdraft Credit to the Current Account on a monthly basis as at the last day of the calendar month for which the interest is charged.
In case of the Multicurrency Overdraft Credit, the default interest shall mean the rate in the amount of the difference between the default interest rate for the currency of the Current Account, on which the debt arose, under the Notice on Interest Rates, and the interest rate for the respective Drawdown of the Multicurrency Overdraft Credit.
The unauthorised debit in case of the Overdraft Credit shall bear the interest rate applicable to the unauthorised debit on the Current Account according to the Notice on Interest Rates.
Interest on the drawn principal of the Revolving Credit shall be debited to the Client’s Current Account at the Bank and shall be due on the dates set out in Article 2 of the Frame Agreement.
Interest on the drawn principal of the Short-Term Credit shall be debited to the Client’s Current Account at the Bank and shall be due on the dates set out in the Frame Agreement or in the respective Application.