CRC account definition

CRC account means the account maintained with us in respect of the CRC facility and where the context requires, shall be deemed to include a joint CRC account and “Joint CRC account” means a CRC account jointly maintained in 2 names and a “joint customer” means a person in whose name a Joint CRC account is maintained;

CRC account means the Ringgit Current Account maintained with us in respect of the CRC Facility which is an Account for the purposes of the Citibank Accounts T&C;

CRC account means the cash component of the Participant Contributions and any Third Party Contributions, held in an account by the Company.

Examples of CRC account in a sentence

• You shall not authorize, expressly or impliedly, any third party to operate your CRC account (by power of attorney or otherwise) save with our prior written consent and unless we receive your written instructions in accordance with our prescribed procedure for establishing such third party authorization.

• We are entitled to debit your CRC account with the amount previously credited in relation thereto if any cheques or drafts are subsequently dishonoured.

• You may upon our prior written approval (which may be granted subject to such terms and conditions as we may impose) convert, in accordance with our prescribed procedure then prevailing, your CRC account to a Joint CRC account, or convert your Joint CRC account to a CRC account.

• We may, in our reasonable discretion, destroy any document relating to any transaction on your CRC account or your CRC account after microfilming or otherwise recording the same in such manner as we may deem fit as well as to destroy such microfilm and records (including any electronic records) at any time.

• In addition thereto, we may at our reasonable discretion debit from your CRC account a service charge or administration fee and any expenses we may have incurred in handling the dishonoured cheque or draft, including without limitation informing you of the dishonoured cheque or draft and reflecting the adjustments to your CRC account in your CRC statement.

• We may in our reasonable discretion, issue without your request, a TBS Access Code to enable you to operate the CRC account via the TBS.

• The monthly minimum interest payable for any outstanding balance in my CRC account is S$5.00.

• If I default on any payments due to Citibank or if the current balance on my CRC account exceeds the permanent credit line assigned for my CRC account or if I am in breach of any of my obligations to Citibank, the BT interest rate will cease to apply, and all outstanding balances in my CRC account (whether pursuant to the Program or otherwise) will be charged interest at the prevailing interest rate on a daily basis until the day before the date when full payment of all outstanding balances is received.

• This balance transfer amount will be credited to my designated account five banking days after it has been charged to my CRC account.

• It was built in 1982 built and operated in the Ujung Watu village in Jepara - Central Java.