Common use of Lines of Credit Clause in Contracts

Lines of Credit. If you select a line of credit account as your Donor Account, funds are transferred in accordance with the terms and conditions of your Line of Credit Loan Note. A transfer will only occur if you have sufficient available funds in the line of credit account. You agree not to exceed the available credit limit we set for the account. If your line of credit account is 20 days or more delinquent, a transfer will not occur and fees may be charged for any overdrawn item in accordance with our Schedule of Fees. Please refer to your Line of Credit Loan Note for applicable interest and fees that will be charged in the event an overdraft transfer occurs.

Appears in 2 contracts

Samples: Bancorp Bank Account Agreement, Bancorp Bank Account Agreement Terms and Conditions

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Lines of Credit. If you select a line of credit account as your Donor Account, funds are will be transferred in accordance with the terms and conditions of your Line of Credit Loan Note. A transfer will only occur if you have sufficient available funds in the line of credit account. You agree not to exceed the available credit limit we set for the account. If your line of credit account is 20 days or more delinquent, a transfer will not occur and fees may will be charged for any overdrawn item in accordance with our Schedule of Fees. Please refer to your Line of Credit Loan Note for applicable interest and fees that will may be charged in the event an overdraft transfer occurs.

Appears in 2 contracts

Samples: Bancorp Bank Account Agreement, Bancorp Bank Account Agreement Terms and Conditions

Lines of Credit. If you select a line of credit account as your Donor Account, funds are transferred in accordance with the terms and conditions of your Line of Credit Loan Note. A transfer If available, funds will only occur if you have sufficient available funds in be advanced from the line of credit accountto accommodate the overdraft. You agree not to exceed the available credit limit we set for the line of credit account. If your line of credit account is 20 days or more delinquent, a transfer will not occur and fees may be charged for any overdrawn item in accordance with our Schedule of Fees. Please refer to your Line of Credit Loan Note for applicable interest and fees that will be charged in the event an overdraft transfer occurs.

Appears in 1 contract

Samples: Bancorp Bank Account Agreement Terms and Conditions

Lines of Credit. If you select a line Line of credit Credit account as your Donor Accountdonor account, funds are will be transferred in accordance with the terms and conditions of your Line of Credit Loan Note. A transfer will only occur if you have sufficient available funds in the line Line of credit Credit account. You agree not to exceed the available credit limit we set for the account. If your line Line of credit Credit account is 20 days or more delinquent, a transfer will not occur and fees may will be charged for any overdrawn item in accordance with our Schedule of Fees. Please refer to your Line of Credit Loan Note for applicable interest and fees that will be charged in the event that an overdraft transfer occurs.

Appears in 1 contract

Samples: Bancorp Bank Account Agreement Terms and Conditions

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Lines of Credit. If you select a line of credit account as your Donor Account, funds are transferred in accordance with the terms and conditions of your Line of Credit Loan NoteNote or Loan Agreement. A transfer If available, funds will only occur if you have sufficient available funds in be advanced from the line of credit accountto accommodate the overdraft. You agree not to exceed the available credit limit we set for the line of credit account. If your line of credit account is 20 days or more delinquent, a transfer will not occur and fees may be charged for any overdrawn item in accordance with our Schedule of Fees. Please refer to your Line of Credit Loan Note for applicable interest and fees that will be charged in the event an overdraft transfer occurs.

Appears in 1 contract

Samples: Bancorp Bank Account Agreement

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