Closing of Accounts. THE BANK may at any time and without the need of a justified cause, close any deposit or credit account of THE CUSTOMER, even if it is subject to termination, terminate any service as well as declare expired any obligation of THE CUSTOMER with THE BANK. In such cases, THE CUSTOMER shall pay to the BANK upon request, any balance in his account and in turn, THE BANK shall pay to the CUSTOMER, by check, any balance in favor of the latter. In the event of closing of deposit accounts, the funds shall remain at the disposal of THE CUSTOMER without generating interest.
Closing of Accounts. I hereby authorize the Company to close any of my Accounts, without need of prior notice to and consent from me, in case my Account is mishandled, misrepresented matters concerning my identity, nature of business and/or any other pertinent information, the Account is used for illegal activities or in any other event when the continuation of the Account is not in the best interest of the Company, or as may be required by law(s) or regulation(s). In an event of closure or termination by reason of my misrepresentation, the Company shall issue a cashier’s check for the balance of my Account. In an event of closure by reason of illegal activities, the Company shall only release the balance of my Account from a lawful order of a competent court. The Company shall send by registered mail or e-mail to my last known address or e-mail address indicated in the Company’s records, notice of the closure/termination of the Account and stating the reason(s) thereof and the manner for me to claim or obtain from the Company the balance of my Account, if any, and an instruction to submit or return to the Company the original copy of the investment/stock certificate in my possession, if any. However, in case of a Company-initiated closure due to, but not limited to, opening of fictitious Account, submission of falsified/fake documents, misrepresentation, etc., the Company shall be entitled to hold the release of the funds unless and until the In ve s to r has submitted valid, legal and acceptable documents proving that he/she is entitled to the funds in the closed Account.
Closing of Accounts. Merchant shall not close any Approved Account provided to Purchaser without Purchaser’s express prior written approval.
Closing of Accounts. We may give notice to you requiring you to withdraw the entire amount on deposit in your account, or any part thereof. Such notice shall also advise you that we reserve the right after the date specified in our notice not to make payment on any Withdrawal or Order drawn on your account. After the date specified, we shall not be obligated to make any payment from such account except for the purpose of closing your account. You or we also may close your account at any time and in such case, you may withdraw or we will provide all of the collected funds in the account, less any fees or charges due from you which will be charged against the account. If you are a member of BFSFCU and all of your accounts are closed, you will cease to be a member. We will not close your account(s) or give you notice to do so if prohibited by law, regulation or our bylaws.
Closing of Accounts. I/We hereby authorize you to close any of my/our Accounts, without need of prior notice to and consent from me/us, in case my/our Account is (i) misrepresented in matters concerning my/our identity, nature of business and/or any other pertinent information, (ii) use for illegal activities or (iii) there is reason to believe that the Account or transaction is in any way related to an unlawful activity or offense and reported to the AMLC or other regulatory agency or (iv) in any other event when the continuation of the Account is not in the best interest of the Company, or (v) as may be required by law(s) or regulation(s). Further, I/We understand that you may close my/our account at your discretion, with prior notice to me/us, for valid grounds, including but not limited to (1) my/our violation of the provision of this Agreement or other policies and procedures imposed by the Company; (2) my/our unprofessional conduct or behavior towards any director, officer, employee, agent or duly authorized representative of the Company; (3) my/our refusal to update my/our information after repeated demands from you; (4) my/our account has been Dormant and has zero balance; and (5) for any other analogous grounds that are detrimental to the interest of the Company. In the event of closure or termination by reason of my/our misrepresentation, you shall issue a cashier’s check for the balance of my/ our Account. In the event of closure by reason of illegal activities, you shall only release the balance of my/our Account from a lawful order of a competent court. You shall send by registered mail or e-mail to my/our last known address or e-mail address indicated in your records, notice of the closure/termination of the Account and stating the reason(s) thereof and the manner for me/us to claim or obtain from you the balance of my/our Account, if any, and an instruction to submit or return to you the original copy of the investment/stock certificate in my/our possession, if any. However, in case of a Company-initiated closure due to, but not limited to, the opening of a fictitious Account, submission of falsified/fake documents, misrepresentation, etc., you shall be entitled to hold the release of the funds unless and until I/We have submitted valid, legal and acceptable documents proving that I/We am/are entitled to the funds in the closed Account.
Closing of Accounts. You can close your Account with us at any time. We also have the right to close your Account for any reason, and pay you the balance via cheque to your address of record, if any, according to our rights of setoff described above. Upon receipt of the proper legal documentation following your death, we will transfer the balance of your funds to your legal repre- sentative and close your Account. If any joint account holder dies who is a resident of any province or territory within Canada outside of Quebec, any positive balance may be withdrawn or made payable to the surviving joint account holder. For Quebec residents only, any positive balance shall be settled in accordance with the estate of the deceased joint account holder.
Closing of Accounts. The borrower hereby authorizes the bank to · to close the accounts at the end of a calendar quarter or at any other time and to carry the balance forward to the new account or to call in such balance; · to debit or, respectively, credit, at its discretion, even before maturity of these accounts, any amounts which the borrower receives from the bank in cash or otherwise or which the borrower is, for any legal cause, entitled to claim from the bank; _________________________________________________________________________________________
Closing of Accounts. The Company may close the Accounts on or after the Release Date and instruct each Account Bank to transfer any credit balances on the Accounts maintained with it (subject to the retention of amounts by such Account Bank in respect of uncleared cheques of the Company) to the order of the Company or to such account(s) as the Company may designate.
Closing of Accounts. You may close your Account with us at any time. We may, in our sole discretion, close or freeze your Account, redeem securities or request that you close your Account or transfer your Account to another financial institution within a limited time set by us if we have reasonable grounds to believe that you have committed or may commit fraud, use your Account for an unlawful or improper purpose, cause loss to TD Bank or any of its affiliates, operate the Account contrary to our policies and procedures or it becomes unlawful for us to operate an Account for you. In the event that you fail to close or transfer your Account within the time set by us, we may, without further notice to you, deliver the securities to you or liquidate your Account, pay all outstanding payments owed to us or our affiliates and forward the net balance, if any, to you. You should be aware that the liquidation of your Account may have significant financial consequences for you including, but not limited to, tax consequences and fees payable to TDIS and/or a related party. You agree that we are not liable to you in any way with respect to the termination, closure, transfer or liquidation of your Account. In the event that your Account remains inactive for a certain period of time in the province where it is located, the net balance of the Account may become unclaimed property within the meaning of any applicable legislation governing unclaimed property and forwarded to the designated governmental authority.
Closing of Accounts. 11.1 This Agreement shall continue until terminated in accordance with this clause.
