CUC account definition

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

  • You will bear all charges relating to the clearing of foreign currency cheques collected by us or paid into your CUC account.

  • The Citibank ATM/Debit Card terms and conditions apply to your operation of the CUC account using the CRC Card or the ATM/Debit Card by such means and manner as we may avail to you from time to time including via the ATM or using the POS Transactions functionality.

  • If you do not terminate your CUC account after we have given such notice of change, you shall be deemed to have accepted such changes without reservation regardless of whether or not you continue to use the CRC Card, the Citibank ATM/Debit Card, issue any CUC cheque or otherwise operate the CUC account after such notice.

  • If you do not accept such changes, you may, within 10 days after we have given such notice of change, terminate your CUC account in accordance with Clause 13(a).

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

  • You acknowledge that your CRC Card, Citibank ATM/Debit Card and your TBS Access Code may operate any other account(s) you may have with us other than your CUC account.

  • If your CUC account shall be so terminated by us, you shall forthwith return to us all CUC chequebooks, unused CUC cheques, the CRC Card and/or the Citibank ATM/Debit Card issued in respect of your CUC account; cease using all facilities and services relating to the CUC account; and make immediate payment of all CUC outstanding balance and such other sums owing to us under this Agreement including any Collected Amount, interest, charges and fees due or funds required to be made by Law or Regulation.

  • 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 CUC account to a Joint CUC account, or convert your Joint CUC account to a CUC account.

  • Unless we otherwise approve or additional credit is granted to you pursuant to Clause 2(e) of this Agreement, you must not carry out transactions which would result in the CUC outstanding balance exceeding the credit limit of your CUC account granted to you from time to time.

  • Notwithstanding the foregoing, we shall be entitled at all times to correct any errors or omissions in such CUC statements and to debit or credit your CUC account (as the case may be).

Related to CUC account

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Sub-Account means any of the individual sub-accounts of a Participant's Account that is maintained as provided in Article VIII.

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

  • AAVS Account means the account to which your Automatic Add Value Service is linked, as defined or specified in the relevant Application Form or such other account as notified to us by the Financial Institution or by the AAVS Account Holder from time to time;

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.