Maintaining a credit balance Sample Clauses

Maintaining a credit balance. Unless we have granted you credit on your Account, you agree to maintain a credit balance at all times. If a debit balance arises, it is immediately due and payable from you to us and you agree to fund your Account to repay the debit balance immediately. You agree to pay interest and/or fees on any debit balance that arises as specified in the pricing guides. Interest is charged on a debit balance daily at midnight and is debited to your Account, with any fees, monthly in arrears. A transaction that you have done may sometimes only be debited to your account long after you have used your debit card to authorise the transaction. Your risk of a debit balance A debit balance can arise on your Account when you do not have a credit facility if: • your credit balance is insufficient to pay our fees when they are debited to your Account; • we allow you to draw against cheques that have been credited to your Account before we have collected payment from the drawer’s bank and the cheque is stopped or dishonoured; or • other debits passed to your Account exceed your credit balance (e.g. we allow a payment through to assist you although your credit balance is insufficient or we reverse a credit made to your Account in error). A debit balance may affect your credit profile. Absa Bank Limited Reg No 1986/004794/06 Authorised Financial Services Provider Registered Credit Provider Reg No NCRCP7 Absa 5679 EX (17/03/2021)
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Maintaining a credit balance. Unless we have granted you credit on your Account, you agree to maintain a credit balance at all times. If a debit balance arises it is immediately due and payable from you to us and you agree to fund your Account to repay the debit balance immediately. You agree to pay interest and/or fees on any debit balance that arises as specified in the Pricing Guides. Interest is charged on a debit balance daily at midnight and is debited to your Account, with any fees, monthly in arrears. Your risk of a debit balance A debit balance can arise on your Account when you do not have a credit facility if: • your credit balance is insufficient to pay our fees when they are debited to your Account; or • we allow you to draw against cheques that have been credited to your Account before we have collected payment from the drawer’s bank, and the cheque is stopped or dishonoured; or • other debits passed to your Account exceed your credit balance (e.g. we allow a payment through to assist you although your credit balance is insufficient, or we reverse a credit made to your Account in error). A debit balance may affect your credit profile. Absa Bank Limited Reg No 1986/004794/06 Authorised Financial Services Provider Registered Credit Provider Reg No NCRCP7 Absa 5679 EX 25/10/2019)
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Maintaining a credit balance. Unless we have granted you a credit facility on your Account, you agree to maintain a credit balance at all times. If a debit balance arises, it is immediately due and payable from you to us and you agree to fund your Account to repay the debit balance immediately. We may, in our sole discretion, allow you to have a debit balance within a limit and for as long as it appears appropriate to us as an informal credit facility to assist you on a short-term basis. You agree to pay interest and/or fees on any debit balance that arises as specified in the Tariff Guide. Interest is charged on a debit balance daily at the end of the day and is debited to your Account monthly in arrears. A transaction that you have done may sometimes only be debited to your account long after you have used your debit card to authorise the transaction. Your risk of a debit balance A debit balance can arise on your Account when you do not have a credit facility if: • your credit balance is insufficient to pay our fees when they are debited to your Account, or • we allow you to draw against cheques that have been credited to your Account before we have collected payment from the drawer’s bank, and the cheque is stopped or dishonoured, or • other debits passed to your Account exceed your credit balance (e.g. we allow a payment through to assist you although your credit balance is insufficient, or we reverse a credit made to your Account in error). A debit balance may affect your credit profile.
Sample 1
Maintaining a credit balance. Unless we have granted you credit on your Account, you agree to maintain a credit balance at all times. If a debit balance arises it is immediately due and payable from you to us, and you agree to fund your Account to repay the debit balance immediately. You agree to pay interest and/or fees on any debit balance that arises as specified in the Pricing Guides. Interest is charged on a debit balance daily at midnight and is debited to your Account, with any fees, monthly in arrears. Your risk of a debit balance A debit balance can arise on your Account when you do not have a credit facility if: • your credit balance is insufficient to pay our fees when they are debited to your Account, or • we allow you to draw against cheques that have been credited to your Account before we have collected payment from the drawer’s bank, Absa Bank Limited Reg No 1986/004794/06 Authorised Financial Services Provider Registered Credit Provider Reg No NCRCP7 Absa 5679 EX (Online) (01/07/2018) and the cheque is stopped or dishonoured, or • other debits passed to your Account exceed your credit balance (e.g. we allow a payment through to assist you although your credit balance is insufficient, or we reverse a credit made to your Account in error). A debit balance may affect your credit profile.
Sample 1

Related to Maintaining a credit balance

  • Credit Balance We will make a good faith effort to return to you any credit balance that has been on your Account longer than six consecutive Billing Cycles (or, at our discretion, for a shorter time period). You may also request a refund of a credit balance on your Account at any time. We may reduce the amount of any credit balance on your Account by applying the credit balance towards new fees and charges posted to your Account. We do not pay any interest on credit balances.

  • Free Credit Balances Your selection of a sweep program above will not be effected until your Account paperwork has been accepted by LPL as being in good order. Until such time, available cash balances (from securities transactions, dividend and interest payments, deposits and other activities) will not be automatically swept and will be held as a free credit balance. A free credit balance is a liability of LPL and payable to the Account on demand. Interest will not be paid to the Account on free credit balances. Unless we hear from you to the contrary, it is our understanding that any free credit balances held in your Account are pending investment. Free credit balances may be used by LPL in the ordinary course of its business subject to the requirements of Rule 15c3-3 under the Securities Exchange Act of 1934. The use of customer free credit balances generally generates revenue for LPL in the forms of interest and income, which LPL retains as additional compensation for its services to its clients. Under these arrangements, LPL will generally earn interest or a return based on short-term market interest rated prevailing at the time. If you are acting on behalf of a Plan, the Responsible Plan Fiduciary agrees that it has independently determined that holding cash balances, pending LPL’s acceptance of the Account, as a free credit balance, which does not earn income for the Plan, is both (i) reasonable and in the best interests of the Plan and (ii) that the Plan receives no less, nor pays no more, than adequate consideration with respect to this arrangement. If the Responsible Plan Fiduciary chooses to avoid holding un-invested cash as a free credit balances, the Plan should not fund the Account until after the Account paperwork has been accepted by LPL as being in good order.

  • Credit Balances No interest or other amount will be paid by the Custodian on any credit balance on an Allocated Account.

  • Holding and using a PayPal balance You will not receive interest or any other earnings on the money in your account. This is because the money in your account is electronic money and European law forbids paying interest on electronic money. Also, electronic money is not a deposit or an investment under Luxembourg law, so the Luxembourg deposit guarantee or investor indemnity schemes administered by the Conseil des Protection des Deposants et des Investisseurs cannot protect you. We may store and move the money in your account in and between: • the PayPal balance; and • the reserve account, at any given time subject further to this user agreement. PayPal balance The operational part of your account contains your PayPal balance, which is the balance of money available for payments or withdrawals. When you use our payment service to pay another user, you instruct us to transfer the money from your PayPal balance to the recipient’s account. You need to have enough PayPal balance in cleared funds to cover the amount of any payment you make and the transaction fees you owe us at the time of the payment. Other requirements also apply – see the section Making a Payment below. If you have insufficient PayPal balance or have chosen a preferred funding source you are also requesting us to obtain funds on your behalf from your applicable funding source and issue electronic money to your PayPal balance for your payment to be made. When you withdraw your money you need to have enough PayPal balance to cover the value of any withdrawal at the time of the withdrawal. See Adding or Withdrawing Money to know how to get a PayPal balance and how to withdraw it. If your PayPal balance shows a negative amount, this is the net amount you owe to us at the given time. Reserve account Money marked in your account overview as “pending”, “uncleared”, “held” or otherwise restricted or limited at any given time is held in the part of your account which acts as a reserve account. You cannot access and use money stored in the reserve account.

  • OPWC/Local Subdivision Participation Percentages For the sole and express purpose of financing/reimbursing costs of the Project, the estimated costs of which are set forth and described below, the Recipient hereby designates its Local Subdivision Percentage Contribution as amounting to a minimum total value of 50% of the total Project Cost. The OPWC Participation Percentage shall be 50% not to exceed $100,000.

  • P R E A M B L E 26 27 This Agreement is made and entered into between Peninsula School District Number 401 28 (hereinafter "District") and Public School Employees of Peninsula, Bus Driver Unit, an affiliate of 29 Public School Employees of Washington (hereinafter "Association"). 31 In accordance with the provisions of the Public Employees Collective Bargaining Act and regulations 32 promulgated pursuant thereto, and in consideration of the mutual covenants contained herein, the 33 parties agree as follows: 34 35 37 A R T I C L E I 38 39 RECOGNITION AND COVERAGE OF AGREEMENT 40 41 Section 1.1. 42 The District hereby recognizes the Association as the exclusive representative of all employees in the 43 bargaining unit described in Section 1.3, and the Association recognizes the responsibility of 44 representing the interests of all such employees.

  • What if I Make a Contribution for Which I Am Ineligible or Change My Mind About the Type of IRA to Which I Wish to Contribute? Prior to the due date (including extensions) for filing your tax return, you may elect to “recharacterize” amounts that you contributed to an IRA during the year by making a recharacterization of the contributed amount and earnings. Thus, for example, if you contribute amounts to a Xxxx XXX and later determine that you are ineligible to make a Xxxx XXX contribution for the year, you may at any time prior to the tax return due date for the year (including extensions) make a recharacterization of the contributions and earnings to a Traditional IRA.

  • Tax Credit for Contributions You may be eligible to receive a tax credit for your IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2019 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–38,500 $1–28,875 $1–19,250 50 $38,501–41,500 $28,876–31,125 $19,251–20,750 20 $41,501–64,000 $31,126–48,000 $20,751–32,000 10 Over $64,000 Over $48,000 Over $32,000 0 2020 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–39,000 $1–29,250 $1–19,500 50 $39,001–42,500 $29,251–31,875 $19,501–21,250 20 $42,501–65,000 $31,876–48,750 $21,251–32,500 10 Over $65,000 Over $48,750 Over $32,500 0 *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments each year.

  • Saver’s Credit for IRA Contributions A credit of up to $1,000, or up to $2,000 if married filing jointly, may be available to certain taxpayers having a joint AGI of less than $65,000 in 2020, or $66,000 in 2021. The credit may also be available to certain taxpayers who are heads of household with an AGI of less than $48,750 in 2020, $49,500 in 2021, or married individuals filing separately and singles with an AGI less than $32,500 in 2020, or $33,000 in 2021. Some of the restrictions that apply include: • the individual must be at least 18; • not a full-time student; • not declared as a dependent on another taxpayer’s return; or • any distribution from most retirement plans (qualified and non-qualified) will decrease the eligible contribution.

  • Contribution Formula Dental Coverage a. Faculty Member Coverage. For faculty member dental coverage, the Employer contributes an amount equal to the lesser of ninety percent (90%) of the faculty member premium of the State Dental Plan, or the actual faculty member premium of the dental plan chosen by the faculty member. However, for calendar years beginning January 1, 2014, and January 1, 2015, the minimum employee contribution shall be five dollars ($5.00) per month.

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