Account Holds. Funding will not be approved when an employee owes money to the University or has a hold on his/her student account.
Account Holds. Home Office may suspend your account if, for example, money is owed, or for violation of the Policies and Procedures. If an account is suspended, you are prohibited from placing orders, receiving all or a portion of commissions, registering for corporate events, or obtaining other Ambassador rewards. Access to the above will be restored once the account is current and/or all violations are corrected.
Account Holds. The Head Office may place your account on hold if, for example, money is owed, or for violation of other policies listed in the Policies & Procedures. If an account is placed on hold, you are prohibited from placing orders, receiving all or a portion of commissions, registering for corporate events, or obtaining other Business Owner benefits. Access to the above will be restored once the account is current and/or all Policy & Procedure violations are corrected; or if you are in a requalification period, until the requalification period has expired.
Account Holds. Seller shall provide Buyer with a listing (on a form of electronic media satisfactory to both Buyer and Seller) of all (a) garnishments, similar court orders, tax liens, and orders of any governmental entity, (b) “stop-payment” orders or instructions of Depositors, (c) Depositors as to whom Seller has received a “back-up withholding” order from the Internal Revenue Service or any state or other taxing authority, and (d) other “holds,” in either case as to which Seller has received notice and which are in effect with respect to particular Deposit accounts or outstanding checks or other items at the close of business on the Banking Day immediately preceding the Closing Date (collectively “Account Holds”), together with an identification of the Deposit account and/or check or other item to which they apply, the terms thereof, and copies of all documentation (including court or government agency orders) pertaining thereto. Buyer shall honor all Account Holds relating to the Deposits or the Loans initiated prior to the Effective Time and reflected in the listing made available by Seller to Buyer on the Closing Date. If, following receipt of the above listing and documentation, Buyer makes any payment in violation of any such Account Hold, Buyer shall be solely liable for any such payment and shall indemnify, hold harmless, and defend Seller from and against all claims, losses, and liabilities, including reasonable attorneys’ fees and expenses, arising out of any such payment. In the event that Buyer shall make any payment in violation of an Account Hold initiated prior to the Effective Time but not reflected in the above listing and documentation made available by Seller to Buyer prior to such payment or if Seller otherwise shall be responsible for any such payment or any Account Hold is erroneous and Buyer relies upon such error in refusing to make an otherwise proper payment, Seller shall indemnify, hold harmless, and defend Buyer from and against all claims, losses, and liabilities, including reasonable attorneys’ fees and expenses, arising out of any such payment or erroneous refusal to pay.
