Reserve Restructuring Sample Clauses

Reserve Restructuring. In order to permit the Bank to manage reserve requirements imposed by Federal Reserve Board Regulation D and to control costs, when you open a checking or other transaction account with the Bank, all such accounts consist of two subaccounts, a transaction subaccount and a non-interest bearing savings subaccount. Although we maintain these subaccounts as two separate (but related) accounts on our books and records, the subaccounts are combined on your statement and when you view your account through Online Banking. Your statement will reflect a single balance and will not show internal transfers (discussed in the next paragraph) between the transaction subaccount and the non- interest-bearing savings subaccount. Our maintaining separate transaction and savings subaccounts does not affect the amount of your FDIC insurance, the interest you earn (if your account is an interest-bearing account), or any other feature of your account as described in this Agreement and any Product Fact Sheet or other Supplemental Disclosure applicable to your account. The Bank reserves the right to periodically reallocate balances between the transaction subaccount and the non-interest-bearing savings subaccount. If your transaction subaccount balance exceeds a threshold amount, all funds in the transaction subaccount in excess of that amount may be transferred into the savings subaccount. As funds in the savings subaccount are needed to pay checks or other items presented against your transaction subaccount, they will be transferred back into the transaction subaccount. Transfers into the transaction subaccount will be made up to five (5) times per statement cycle. If a sixth transfer is needed in any statement cycle, the entire balance of the savings subaccount will be transferred into the transaction subaccount. The threshold amount is set by the Bank and may be changed at any time at the Bank’s discretion. Although the Bank has no present intention of exercising this right, Federal regulations require the Bank to reserve the right to require at least seven (7) calendar days’ written notice of withdrawal prior to transfer of any funds from the savings subaccount. You may only access the savings subaccount through transactions on the transaction subaccount. The subaccounts will be subject to all the terms and conditions applicable to accounts of that type, except for provisions relating to the payment of interest.
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Reserve Restructuring. You acknowledge Legacy’s right to periodically reclassify balances in your transaction account for the purpose of the Federal Reserve System’s Regulation
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Reserve Restructuring. You acknowledge Legacy’s right to periodically reclassify balances in your transaction account for the purpose of the Federal Reserve System’s Regulation D. You agree that this reclassification will be accomplished by our periodically reallocating funds between two different types of subaccounts. You acknowledge and agree that in this reallocation, one subaccount will be the same type of account as your account and the other will be a type of savings account. You agree that if your account is a regular checking account, Legacy may require at least seven days written notice from you of withdrawal prior to transfer of any funds from the savings subaccount. You acknowledge that this reserve restructuring will not affect your bank statement, balance, interest, FDIC insurance or any other features of your accounts.
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Related to Reserve Restructuring

  • Restructuring 24.1 In the event that all or part of the work undertaken by the employee will be affected by the employer entering into an arrangement whereby a new employer will undertake the work currently undertaken by the employee, the employer will meet with the employee, providing information about the proposed arrangement and an opportunity for the employee to comment on the proposal, and will consider and respond to their comments. The employee has the right to seek the advice of their union or to have the union act on their behalf.

  • Historical Transaction Amounts For each of the two years ended 31 December 2021 and 2022 and the six months ended 30 June 2023, the historical transaction amounts paid by Poly Developments and Holdings Group to the Group in respect of property management services under the 2021-2023 Property Management Services Framework Agreements were RMB197.9 million, RMB202.5 million and RMB80.3 million, respectively.

  • Refinancing Substantially simultaneously with the funding of the Initial Term Loans, the Closing Date Refinancing shall be consummated.

  • Negative Capital Accounts No Member shall be required to pay to any other Member or the Company any deficit or negative balance which may exist from time to time in such Member’s Capital Account (including upon and after dissolution of the Company).

  • Restructure Merge or consolidate itself or any of its Subsidiaries with any other Person, or restructure, reorganize or completely or partially liquidate or dissolve it or any of its Subsidiaries.

  • FISCAL IMPACT/FINANCING There will be no impact to the County General Fund.

  • Security Constrained Unit Commitment Adjustments The NTO shall coordinate with its ITO(s) as applicable regarding any request for commitment of additional Generators. If, following coordination among the NTO and its ITO(s), an additional resource(s) needs to be committed to ensure local area reliability, the NTO, or the ITO(s) at the NTO’s request, may request commitment of additional Generators (including specific output level(s)). The ISO will use Supplemental Resource Evaluation (“SRE”), pursuant to ISO Tariffs and ISO Procedures, to fulfill a request from the NTO or ITO(s), as appropriate, for additional units.

  • Asset Sales (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, consummate an Asset Sale unless:

  • Deposit Pay ment of The Fixed Reserve Price 5.1. E-Bidders must make deposit payment as required under the Conditions of Sale attached to Proclamation of Sale, i.e. 10% of the reserve price.

  • Capital Accounts The Company will maintain a Capital Account for each Member on a cumulative basis in accordance with federal income tax accounting principles.

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