Commercial Accounts. You agree to pay interest at a rate established by the Bank from time to time and published in your Pricing Statement on any negative collected balance in the account. If, in the Bank’s discretion, an overdraft is created, you agree to repay the overdraft upon demand. Upon request by the Bank, you agree to execute and deliver to the Bank a promissory note in a form acceptable to the Bank evidencing your obligation to repay the overdraft.
Commercial Accounts. USER represents that all fuel purchased will be used for commercial business purposes only, and not consumer purposes.
Commercial Accounts. Commercial accounts (including accounts of a small business) include those established by a sole proprietor, joint venture, partnership, corporation, association, limited liability company, limited liability partnership, business trust, governmental unit, or other entity. Commercial accounts also include those established primarily for religious, philanthropic, charitable, educational, fraternal or similar purposes and not operated for a profit. Commercial accounts do not include accounts established by one or more natural persons opening the account primarily for personal, family or household purposes. In compliance with applicable laws and regulations governing customer due diligence and for the purpose of establishing due authorization on an account, the Bank may require a resolution, authorization, agreement or other documents to evidence the authority of any individual to act on behalf of a commercial account holder. The Bank is not required to recognize any resolution or authorization that is not on the Bank’s own form. Each commercial account holder agrees to provide the Bank with a new resolution, authorization or other documentation as Bank may request immediately upon any change in authority. The Bank may continue to follow the directions of a commercial account holder’s representative who, according to the Bank’s records, is authorized to act on behalf of the account holder until the Bank receives a written resolution or authorization effecting a change and the Bank has had a reasonable period of time to act on such change. You agree that three (3) business days after the Bank’s receipt of the resolution, authorization, agreement or other document is a reasonable period of time, but the Bank may recognize the change sooner. A limited liability company seeking to open accounts at the Bank is required to provide the Bank with a copy of its articles of organization as filed with the Secretary of State or other chartering authority. The articles of organization should state, among other things, whether the limited liability company is member-managed or is managed by one or more managers. The Bank may be required to review an operating agreement of the limited liability company to determine whether any member or manager is authorized to bind the limited liability company. Any member or manager is an agent of the limited liability company for the purpose of conducting its business and affairs. The Bank may rely on the signature or certification of any...
Commercial Accounts. The Bank shall open and maintain a commercial account or accounts in the name of the Fund, subject only to the Bank's draft or order after receipt of Instructions, and the Bank shall deposit in such account or accounts all cash constituting, or which is to become, part of the Property. The Bank shall make payments of cash to or for the account, of the Fund from such cash accounts only pursuant to Section VI of this Agreement or as otherwise specifically provided in this Agreement.
Commercial Accounts. Commercial Banking accounts include those established by a sole proprietor, joint venture, partnership, corporation, association, limited liability company, limited liability partnership, business trust, governmental unit, or other entity. Commercial accounts also include those established primarily for religious, philanthropic, charitable, educational, fraternal, or similar purposes and not operated for a profit. Commercial accounts do not include accounts established by one or more natural persons opening the account primarily for personal, family or household purposes. The Bank may require a resolution, authorization, agreement or other documents to evidence the authority of any individual to act on behalf of a commercial accountholder in compliance with applicable laws and regulations governing customer due diligence and for the purpose of establishing beneficial ownership of an entity or due authorization on an account. Each person whose name appears on the signature card or other bank records for a commercial account or on any resolution or other authorization represents and warrants that such person is authorized to execute all documents in the capacity designated in that document. In the event of any inconsistency between the signature card/bank records and any resolution, authorization or other document, the signature card/bank records will govern. The Bank is not required to recognize any resolution or authorization that is not on the Bank’s own form. Immediately upon any change in authority, each commercial accountholder agrees to provide the Bank with a new resolution, authorization or other documentation evidencing the change. The Bank may continue to follow the directions of a commercial accountholder’s representative who, according to the Bank’s records, is authorized to act on behalf of the accountholder until the Bank receives a written resolution or authorization effecting a change and the Bank has had a reasonable period of time to act on such change. Unless otherwise agreed, five (5) business days after the Bank’s receipt of a complete and properly executed resolution, authorization, agreement, or other document is a reasonable period of time, but the Bank may recognize the change sooner. Depending on the structure of the entity, the Bank may require that the entity provide copies of organizational documents filed with the Secretary of State or other chartering authority. The Bank may rely on the signature or certification of any such a...
Commercial Accounts. If your account is not a consumer account, your use of the card, including liability limitations, will be subject to our separate Business Debit Card Access Agreement. This is true regardless of any consumer account protections disclosed in this document, with your periodic statements, or other communications from us. The error resolution and liability provisions applicable to consumer accounts in the Electronic Fund Transfer Services portion of this Deposit Agreement, at the end of or with any periodic statements or other documents you may receive from us, do not apply to commercial accounts. Use of your card or PIN is controlled by you. All use of a card will be deemed to be an act of and the responsibility of yours, whether or not the card is or is not a valid card. Unless your liability may be limited as described under the Visa Zero Liability Policy, you will be liable for all transactions made using a card, PIN or card number. You shall be responsible regardless of whether such card transactions were effectuated: (a) by or on behalf of any authorized individual, or for any authorized purpose, or by an unauthorized person or in conflict with any of your established usage limitations; (b) using a valid PIN; or (c) in accordance with any rules or regulations of Visa, the Bank or any merchant. Without limiting the foregoing, you are responsible for any and all transactions of any type processed through an authorized system if we receive transaction data identifying a card, PIN or other access device as one issued to you. For purposes of this Deposit Agreement, an authorized system is any system that will process transaction data for valid cards. Under no circumstances will we be liable for any special or consequential damages involving commercial accounts. The owners of commercial accounts assume sole responsibility for any unauthorized use of the account’s cards, and/or PIN, and/or any other access device or other electronic transaction, and shall indemnify, defend and hold the Bank harmless from all claims, actions, proceedings, losses and damages related to or arising out of any unauthorized transaction. ACH and Wire Transfers We may offer you automated clearing house (ACH) origination and wire transfer services, subject to the terms of our separate service agreements. From time to time, you may be a party to an ACH entry or a wholesale (wire) funds transfer, which may be credited to or debited from your account. Division 11 of the California Commerci...
Commercial Accounts. 1 Billed Receivables Balance (per aging dated Month/Day/Year) 1 $ —
Commercial Accounts. The parties acknowledge that the fees and royalties under this Article III do not cover use of the Reno Receivers, Provo Receivers, and Two-Chip Receivers in commercial establishments. In the event that DIRECTV desires to use such receivers in such establishments, TiVo and DIRECTV shall negotiate in good faith on the appropriate terms, fees and/or royalties.
Commercial Accounts. The parties shall work together in good faith to arrive at mutually agreeable arrangements designed to ensure that (i) Commercial Accounts are not intentionally included in the Accounts sold to Purchaser at any future closing pursuant to this Agreement and (ii) any Commercial Accounts that are or have been sold to Purchaser pursuant to this Agreement can be identified and repurchased (on mutually agreeable terms and conditions) by FDS Bank or an affiliate thereof designated by FDS Bank. For the avoidance of doubt, the parties acknowledge and agree that the implementation of such arrangements shall not be a condition of any closing hereunder but that no such closing shall in any way diminish the parties' obligations to work together pursuant to this Section."
Commercial Accounts. The Parties acknowledge that the Macy’s Companies may issue Credit Cards or other credit products for commercial or business purposes, that Bank is not required to issue such Credit Cards or credit products for commercial or business purposes as part of the Program, and that any such Credit Cards or other credit products issued by the Macy’s Companies will not be owned by Bank. Notwithstanding the foregoing, any such Credit Cards or other credit products issued by the Macy’s Companies in accordance with practices in effect prior to the Effective Date shall be serviced and administered in accordance with Section 4.2, Section 4.3 and Article VII hereof as if they were Macy’s Credit Cards.
