BECU definition

BECU mean Boeing Employees' Credit Union, its successors or assigns. The Borrower, individually and collectively, is sometimes referred to as "You" or "Your." “Application” means the BECU Small Business Line of Credit Application and Agreement completed in order to open the Account. “Business” means the sole proprietorship, partnership, corporation, limited liability company, or other business entity which is liable to us as Borrower and identified on the Application as the entity with respect to which Business Owner/Guarantors or other will engage in business purpose transactions using the Account. Business also means any of the Business’s successors and assigns. "Guarantor(s)” shall mean those individuals and/or entities whose names appear on the signature lines of the Application and identified as “Business Owner/Guarantors,” or any individual who may now or later sign a separate guaranty. “Users” means all Guarantors, Authorized Signors, Agents, Non Authorized Agents and any other Individuals authorized to access the Line of Credit designated as such on the Application or Business Relationship Change form. By accepting, signing, using, or authorizing the use of the Account you, individually and on behalf of the Borrower, (a) represent that the individual(s) opening the Account is an authorized representative of the Borrower with the authority to legally bind that Borrower; (b) request that an Account be opened for the Borrower; (c) authorize the levels of access and/or other authorization for Users as set forth on the Application or in subsequent requests to BECU; (d) authorize the receipt, reporting and exchange of credit information about you and credit or financial information about the Borrower; (e) agree to be and are bound by the terms of this Agreement as it may be amended from time to time; (f) represent and agree that the Account and all transactions or funds from the Account will be used only for business purposes, including commercial, industrial, professional purposes, and will not be used for personal, family or household purposes.
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BECU means Boeing Employees’ Credit Union.
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Examples of BECU in a sentence

  • If the Cardholder fails to activate the Card within 30 calendar days after the card is sent to the Cardholder, BECU reserves the right to cancel your account.

  • The margin and the corresponding APR applicable to your account will be stated in a Credit Voucher provided to you when you open your account and thereafter in Credit Vouchers or notices, and may depend on your credit qualifications, income, credit or employment history, product selection, or participation in a BECU rewards program.

  • You may elect to add a BECU rewards program (“Program”) to your Card account.

  • If you were already a cardholder before you enrolled and your enrollment results in an increase in the margin applicable to your account, then BECU will send you a notice showing the increased margin and corresponding increased Annual Percentage Rate and the effective date of such changes.

  • You promise to pay BECU the total of all credit advances on each account (including any credit advances requested by any co-borrower or by any authorized user of a credit card), finance charges, and other amounts set forth in this Agreement and any Credit Voucher on the payment terms set forth below.

  • You agree that BECU’s lien is independent of any security agreement and BECU may enforce its lien in any manner, at any time allowed by applicable law.

  • When you sign as a loan applicant on BECU’s Master Credit Application, BECU will establish a Plan under which you may, at your option, request to establish personal line of credit and/or credit card accounts.

  • BECU may delay enforcing any right under this Agreement without losing that right or any other right.

  • BECU reserves the right to terminate or suspend, or reinstate, the functioning of the VAU service for one or more individual Visa accounts or for all Visa accounts, in BECU’s discretion at any time, and without prior notice.

  • The BECU Consumer Lending Rates and Related Disclosures (the “Disclosures”) include important information about the credit extensions and advances we offer (called “accounts” or “loans”) and includes the range of rates that may be imposed under the Plan.

Related to BECU

  • Fellowship means a fellowship in a professional medical college recognized by the Board after consultation with the Medical Advisory Committee.

  • Psychiatric hospital means an Institution constituted, licensed, and operated as set forth in the laws that apply to Hospitals, which meets all of the following requirements:

  • PCU means the Project coordinating unit referred to in Section 3.04 of this Agreement;

  • Transplant hospital means a hospital that furnishes organ transplants and other medical and surgical specialty services required for the care of transplant patients.

  • Infant means a child under one year of age.