Common use of Cash Withdrawals Clause in Contracts

Cash Withdrawals. (i) With regard to Main Bank locations, Bank may, in its sole and absolute discretion, for security reasons, limit cash withdrawals, whether one or more, from this Account (a) to no more than $75,000.00 (in the aggregate) on any one banking day, (b) and to no more than $150,000.00 (in the aggregate) during any seven (7) consecutive calendar day period. Any and all additional available collected funds (as determined by Bank’s Availability Policy) in this Account may be withdrawn or transferred by any noncash means or method including by cashier’s check, bank teller’s check, or wire or other electronic transfer, in accordance with the terms and conditions of this Agreement and all other applicable policies and procedures of Bank. Any request that Bank considers, in its sole and absolute discretion, to constitute a cash withdrawal in excess of the specific limitations set forth herein must be in writing, signed by Xxxxxxxxx, and delivered to the Account Officer for this Account at least five (5) calendar days prior to the requested withdrawal date.

Appears in 5 contracts

Samples: Deposit Account Agreement, Deposit Account Agreement, Deposit Account Agreement

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