CONSENSUAL SECURITY INTEREST Sample Clauses

CONSENSUAL SECURITY INTEREST. You agree to give us a security interest in any and all funds on deposit in accounts in which you have an ownership interest, both now and in the future, with the exception of retirement accounts or any other accounts that would lose special tax treatment under state or federal law if given as security. The granting of this security interest is a condition for the issuance of any Card that you may use, directly or indirectly, to obtain extensions of credit under the Agreement. This means that, if you are in default, we can, without prior notice to you, take funds from any eligible account(s) in which you have an ownership interest and apply them as a credit against your Account in any amount available up to the entire balance. Collateral securing other loans you have with us may also secure this loan.
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CONSENSUAL SECURITY INTEREST. To secure repayment of amounts you owe on your Account, you give the Credit Union a consensual security interest in all other shares you have in any individual or joint accounts you have with the Credit Union, now and in the future (other than those accounts that would have an adverse tax consequence if pledged as collateral). These other shares may be withdrawn unless you are in default under this agreement. You authorize the Credit Union to apply the balance in your individual or joint share accounts to pay any amounts due on your Account if you should default. CROSS-COLLATERAL: If you have other loans with us, or take out other loans with us in the future, collateral securing those loans (other than household goods or any dwelling) will also secure your obligations under this Agreement if those other agreements indicate that they may secure other obligations you may have with us.
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CONSENSUAL SECURITY INTEREST. To secure repayment of amounts you owe on your Account, you give the Credit Union a consensual security interest in all other shares you have in any individual or joint accounts you have with the Credit Union, now and in the future (other than those accounts that would have an adverse tax consequence if pledged as collateral). These other shares may be withdrawn unless you are in default under this Agreement. You authorize the Credit Union to apply the balance in your individual or joint share accounts to pay any amounts due on your Account if you should default.
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CONSENSUAL SECURITY INTEREST. You further acknowledge and agree that you give the Credit Union a consensual security interest in the shares you have in all individual and joint accounts you have with the Credit Union, now and in the future (other than those accounts that would have an adverse tax consequence if pledged as collateral), to secure repayment of amounts you owe to the extent of any unpaid balance on your Account. X X Borrower Signature Date Co-Borrower Signature Date INTEREST RATES AND INTEREST CHARGES Annual Percentage Rate Credit Score A B C D (APR) for purchases Annual Percentage 10.90% 11.90% 12.90% 15.90% Rate We will tell you in writing which rate applies upon approval of your application. Rate based on credit score. ANNUAL PERCENTAGE RATE Balance Transfers 10.90% - 15.90% When you open your account based on your for credit worthiness. Your APR will vary with the market based on the Prime Rate. ANNUAL PERCENTAGE RATE for Cash Advances 10.90% - 15.90% When you open your account based on your credit worthiness. Your APR will vary with the market based on the Prime Rate. How to Avoid Paying Interest on Purchases Your due date is 25 days after the close of each billing cycle. We will not charge interest on purchases if you pay your entire balance by the due date each month. For Credit Card Tips from the Consumer Financial Protection Bureau To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at xxxxx://xxx.xxxxxxxxxxxxxxx.xxx/learnmore. FEES · Expedited Card · Copy of Sales Draft · Copy of Statement $20 $5 $1 Transaction Fees · Foreign Transaction Fees 1% for currency conversion. 1% for non-currency conversion. 0.15% + US $0.50 cash disbursement fee at surcharge ATMs Asian Pacific, 0.52% + US $0.65; Canada, US $1.25; Central/Eastern Europe, Middle East and Africa, 0.42% + US $0.55; Europe, US $1.50; Latin America and the Caribbean, 0.52% + US $0.65 cash disbursement fees at surcharge-free ATMs Please refer to Foreign Transactions section for more information. Penalty Fees · Late Payment · Returned Payment If your payment is 30 or more days late, you will be charged $20 $25
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CONSENSUAL SECURITY INTEREST. You agree to give the Credit Union a security interest in any and all funds on deposit in accounts in which you have an ownership interest, both now and in the future, with the exception of retirement accounts or any other accounts that would lose special tax treatment under state or federal law if given as security. The granting of this security interest is a condition for the issuance of any Card that you may use, directly and indirectly, to obtain extensions of credit under this Agreement. This means that, if you are in default, the Credit Union can, without prior notice to you, take funds from any eligible account(s) in which you have an ownership interest and apply them as a credit against your credit card Account in any amount available up to the entire balance. Collateral securing other loans you have with the Credit Union may also secure this loan.
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CONSENSUAL SECURITY INTEREST. You further acknowledge and agree that you give the Credit Union a consensual security interest in the shares you have in all individual and joint accounts you have with the Credit Union, now and in the future (other than those accounts that would have an adverse tax consequence if pledged as collateral), to secure repayment of amounts you owe to the extent of any unpaid balance on your Account. X X Borrower Signature Date Co-Borrower Signature Date Visa Credit Card Application A table that includes the APRs and other required cost disclosures for credit card applications is on the reverse side of this application. Check the appropriate box to indicate the type of credit for which you are applying. Individual credit Visa Classic Joint credit Visa Gold (Minimum limit $5,000) Debt Protection Yes No See below signature and disclosure Number of cards desired? 1 2 Credit limit requested: $ APPLICANT Name Date of Birth Mother’s Maiden Name Street Social Security Number Driver’s License Number and State City, State, Zip Home Phone Number of Dependents Ages Gross Annual Income $ Net Monthly Pay $ Email Address Are you self employed? ❑ Yes ❑ No (Must provide 2 years of tax returns) Current Employer Business Phone Number Title/Rank/Grade Type of Business Business Address Start Date Previous Employer Previous Business Address Title/Rank/Grade Start Date/End Date CO-APPLICANT NAMECHECK ONE AUTHORIZED USER NAME Date of Birth Mother’s Maiden Name Street Social Security Number Driver’s License Number and State City, State, Zip Home Phone Number of Dependents Ages Gross Annual Income $ Net Monthly Pay $ Email Address Are you self employed? ❑ Yes ❑ No (Must provide 2 years of tax returns) Current Employer Business Phone Number Title/Rank/Grade Type of Business Business Address Start Date Previous Employer Previous Business Address Title/Rank/Grade Start Date/End Date LIST ALL DEBTS. Attach other sheets if necessary. NOTE: Xxxxxxx, child support, or separate maintenance income need not be revealed if you do not choose to have it considered. Debts Owed to Address Account No. Present Balance Monthly Payments Amount Past Due Mortgage or Rent Child Support, Alimony or Maintenance FINANCIAL REFERENCES Share Draft or Checking Account Number / Amount Name and address of depository Phone Savings Account Number / Amount Name and address of depository Phone The credit union is relying on what you stated in this application, and you acknowledge that everything you have stated is true ...
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CONSENSUAL SECURITY INTEREST. AS A CONDITION FOR CREDIT, AND TO PROTECT US IN THE CASE OF DEFAULT, YOU HAVE GRANTED US A CONSENSUAL SECURITY INTEREST IN ALL OF YOUR SHARES, DEPOSITS, PAYMENTS, AND DIVIDENDS WHICH MAY BE RECEIVED, WHETHER HELD INDIVIDUALLY OR JOINTLY, UP TO THE AMOUNTS DUE ON THIS ACCOUNT. THIS SECURITY INTEREST MAY BE USED WITHOUT FURTHER NOTICE TO PAY ALL OR PART OF SUCH DEFAULT OR DELINQUENCY. THIS SECURITY INTEREST DOES NOT APPLY TO SHARES IN AN INDIVIDUAL RETIREMENT ACCOUNT (IRA).
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CONSENSUAL SECURITY INTEREST. You grant us a security interest in all individual and joint share accounts you have with us now and in the future to secure your credit card account. Shares in an Individual Retirement Account or any other account that would lose special tax treatment under state or federal law if given as security are not subject to the security interest you have given in your shares. You may withdraw these other shares unless you are in default. When you are in default, you authorize us to apply the balance in these accounts to any amounts due. For example, if you have an unpaid credit card balance, you agree we may use funds in your account(s) to pay any or all of the unpaid balance. You understand the granting of this security interest is a condition for the credit card.
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Related to CONSENSUAL SECURITY INTEREST

  • Security Interest This Agreement creates a valid and continuing security interest (as defined in the UCC) in the Receivables in favor of the Issuer, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Seller.

  • Security Interest Absolute All rights of the Secured Party and all Obligations of the Company hereunder, shall be absolute and unconditional, irrespective of: (a) any lack of validity or enforceability of this Agreement, the Notes, the Warrants or any agreement entered into in connection with the foregoing, or any portion hereof or thereof; (b) any change in the time, manner or place of payment or performance of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Notes, the Warrants or any other agreement entered into in connection with the foregoing; (c) any exchange, release or nonperfection of any of the Intellectual Property, or any release or amendment or waiver of or consent to departure from any other Intellectual Property for, or any guaranty, or any other security, for all or any of the Obligations; (d) any action by the Secured Party to obtain, adjust, settle and cancel in its sole discretion any insurance claims or matters made or arising in connection with the Intellectual Property; or (e) any other circumstance which might otherwise constitute any legal or equitable defense available to the Company, or a discharge of all or any part of the Security Interest granted hereby. Until the Obligations shall have been paid and performed in full, the rights of the Secured Party shall continue even if the Obligations are barred for any reason, including, without limitation, the running of the statute of limitations or bankruptcy. The Company expressly waives presentment, protest, notice of protest, demand, notice of nonpayment and demand for performance. In the event that at any time any transfer of any Intellectual Property or any payment received by the Secured Party hereunder shall be deemed by final order of a court of competent jurisdiction to have been a voidable preference or fraudulent conveyance under the bankruptcy or insolvency laws of the United States, or shall be deemed to be otherwise due to any party other than the Secured Party, then, in any such event, the Company's obligations hereunder shall survive cancellation of this Agreement, and shall not be discharged or satisfied by any prior payment thereof and/or cancellation of this Agreement, but shall remain a valid and binding obligation enforceable in accordance with the terms and provisions hereof. The Company waives all right to require the Secured Party to proceed against any other person or to apply any Intellectual Property which the Secured Party may hold at any time, or to marshal assets, or to pursue any other remedy. The Company waives any defense arising by reason of the application of the statute of limitations to any obligation secured hereby.

  • Lien 22.1. The Company shall have a general lien on all funds held by the Company on the Client’s behalf until the satisfaction of the Client’s obligations.

  • ENCUMBRANCES AND LIENS The Contractor shall not cause or permit any lien, attachment or other encumbrance by any person to be placed on file or to remain on file in any public office or on file with UNDP against any monies due to the Contractor or that may become due for any work done or against any goods supplied or materials furnished under the Contract, or by reason of any other claim or demand against the Contractor or UNDP.

  • Security Interests No party to this Escrow Agreement shall grant a security interest in any monies or other property deposited with the Escrow Agent under this Escrow Agreement, or otherwise create a lien, encumbrance or other claim against such monies or borrow against the same.

  • ENCUMBRANCES/LIENS The Contractor shall not cause or permit any lien, attachment or other encumbrance by any person to be placed on file or to remain on file in any public office or on file with the UNDP against any monies due or to become due for any work done or materials furnished under this Contract, or by reason of any other claim or demand against the Contractor.

  • Liens Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than the following:

  • CONSENSUAL LIEN ON SHARES You grant and consent to a lien on Your shares with Us (except for XXX and Xxxxx accounts) and any dividends due or to become due to You from Us to the extent You owe on any unpaid Credit Card balance.

  • Credit Union Lien and Security Interest To the extent you owe the Credit Union money as a borrower, guarantor, indorser or otherwise, the Credit Union has a lien on any or all of the funds in any account in which you have an ownership interest at the Credit Union, regardless of the source of the funds. The Credit Union may apply these funds in any order to pay off your indebtedness without further notice to you. If the Credit Union chooses not to enforce its lien, the Credit Union does not waive its right to enforce the lien at a later time. In addition, you grant the Credit Union a consensual security interest in your accounts and agree the Credit Union may use the funds from your accounts to pay any debt or amount owed the Credit Union, except obligations secured by your dwelling, unless prohibited by applicable law. All accounts are nonassignable and nontransferable to third parties.

  • Perfection of Security Interest Each Borrower shall take all action that may be necessary or desirable, or that Agent may request, so as at all times to maintain the validity, perfection, enforceability and priority of Agent’s security interest in and Lien on the Collateral or to enable Agent to protect, exercise or enforce its rights hereunder and in the Collateral, including, but not limited to, (i) immediately discharging all Liens other than Permitted Encumbrances, (ii) obtaining Lien Waiver Agreements, (iii) delivering to Agent, endorsed or accompanied by such instruments of assignment as Agent may specify, and stamping or marking, in such manner as Agent may specify, any and all chattel paper, instruments, letters of credits and advices thereof and documents evidencing or forming a part of the Collateral, (iv) entering into warehousing, lockbox and other custodial arrangements satisfactory to Agent, and (v) executing and delivering financing statements, control agreements, instruments of pledge, mortgages, notices and assignments, in each case in form and substance satisfactory to Agent, relating to the creation, validity, perfection, maintenance or continuation of Agent’s security interest and Lien under the Uniform Commercial Code or other Applicable Law. By its signature hereto, each Borrower hereby authorizes Agent to file against such Borrower, one or more financing, continuation or amendment statements pursuant to the Uniform Commercial Code in form and substance satisfactory to Agent (which statements may have a description of collateral which is broader than that set forth herein). All charges, expenses and fees Agent may incur in doing any of the foregoing, and any local taxes relating thereto, shall be charged to Borrowers’ Account as a Revolving Advance of a Domestic Rate Loan and added to the Obligations, or, at Agent’s option, shall be paid to Agent for its benefit and for the ratable benefit of Lenders immediately upon demand.

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