Business Line of Credit Sample Clauses

Business Line of Credit. If you are a Business with a Line of Credit, we can transfer funds up to your available credit limit to cover overdrafts. A Business Line of Credit application is available at any branch location.* *Lines of Credit are subject to credit approval and fees may apply. Balance Alerts Peoples Bank Overdraft Management Service Our online banking services offer multiple methods to monitor your balances, as well as send you alerts when your account reaches a target balance. If you are enrolled in more than one of our overdraft services, we strive to use the method(s) that results in the lowest fees to you. For questions or assistance regarding overdrafts, overdraft fees and ways to avoid them please contact Peoples Bank Customer Service at 000-000-0000 or visit your nearest Peoples Bank branch location. 6/2020 PB0281 MISCELLANEOUS FEE SCHEDULE Effective 1/17/19 Refer to your Account Disclosure for product specific fees. ATM and Debit Cards Peoples Online Banking Peoples Bank Debit Card (VISA® Debit Card) Inquiry Only No Charge Withdrawal Fee-Non-Peoples Bank/Non-Money Pass® ATMs (each) $1.50 Xxxx Payment Free International Transaction Fee (each) 1% Inactivity Fee (per month) $2.50 Peoples Bank Cash Card (ATM Card) Withdrawal Fee-Non-Peoples Bank/Non-Money Pass® ATMs (each) $1.50 Business Manager Online Banking See Business Manager Fee Schedule for product and pricing information. All Account Types Deposited Item Returned (per item) $5.00 Miscellaneous Service Charges Deposited Item Returned – Canadian Item (per item) $25.00 Amortization Schedule-All Types (each) $10.00 Stop Payment (each) $33.00 Check Printing Varies by style/quantity Stop Payment for Foreign Draft (each) $75.00 Collection Fee (per item) $10.00 Garnishment/Levy (each) $75.00 Copies (each) $0.25 Night Depository No Charge Counter Checks (per sheet of 4) $2.00 Deficit Transfer (each) $5.00 Drafts Custom Processing Ask for Quote Cashiers Check (each) $7.00 Canadian Draft (each) $10.00 Checking, Money Market, and Savings Other Foreign Draft (each) $10.00 Overdraft Item Fee1 (per item, per occurrence) $35.00 Fax Services Returned Item Fee1 (per item, per occurrence) $35.00 Outgoing – First Page $4.00 Additional Statement (each), waived for Savings Accounts $3.00 Outgoing – Additional Page (each) $1.00 Foreign Currency Orders Savings Accounts Bank Buys from Customer (per order) $15.00 Account Closure Fee $5.00 Bank Sells to Customer (per order) $15.00 (Accounts closed in the first 90 days) Non-Customer ...
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Business Line of Credit i. Active Deal Involvement – 3%. Commission of up to 3% of amount of credit line drawn during the first month prior to the completion of the applicable pay cycle, during which Agent assists in providing any documentation (i.e., a completed loan application, bank statements, and additional documentation required for funding) until client receives financing. For example, if a borrower is approved for $150,000, but only utilizes $100,000 before the cut-off of the 1st or 15th, agent receives 1% of $100,000 - $1,000.
Business Line of Credit. If you are a Business with a Line of Credit, we can transfer funds up to your available credit limit to cover overdrafts. A Business Line of Credit application is available at any branch location.* *Lines of Credit are subject to credit approval and fees may apply. Balance Alerts Peoples Bank Overdraft Management Service Our online banking services offer multiple methods to monitor your balances, as well as send you alerts when your account reaches a target balance. If you are enrolled in more than one of our overdraft services, we strive to use the method(s) that results in the lowest fees to you. For questions or assistance regarding overdrafts, overdraft fees and ways to avoid them please contact Peoples Bank Customer Service at 000-000-0000 or visit your nearest Peoples Bank branch location. Peoples Bank 000 Xxxxxx Xx Lynden, WA 98264 SUBSTITUTE CHECK POLICY DISCLOSURE Important Information About Your Account Word or phrases preceded by a are applicable only if the is marked.
Business Line of Credit. Member Business may establish a revolving business line of credit (Loan Account) with Credit Union as the designated Sweep Account. Any funds transferred from the Account at the end of each day will be applied against the outstanding principal balance of the Loan Account. The Credit Union may transfer funds from the Loan Account to bring the Account to the specified Balance Level. Member Business hereby authorizes all automated transfers to or from the Loan Account. The funds maintained by the Member Business in the Loan Account will be sufficient to maintain a positive ending Available Balance in the Loan Account after transfers between the Loan Account and Checking Account have been completed.
Business Line of Credit. This is a loan which, if approved by the Credit Union, can be linked to your checking account to cover a check or other item when there are not available funds in your checking account using the terms and conditions described in the line of credit agreement/note. Transfers will occur as long as you are not in default. Advances from the overdraft line of credit may be subject to fees and finance charges described in the line of credit agreement/note.
Business Line of Credit 

Related to Business Line of Credit

  • Line of Credit Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including April 2, 2015, not to exceed at any time the aggregate principal amount of One Million Five Hundred Thousand Dollars ($1,500,000.00) (“Line of Credit”), the proceeds of which shall be used to finance Borrower’s working capital requirements. Borrower’s obligation to repay advances under the Line of Credit shall be evidenced by a promissory note dated as of May 1, 2012 (“Line of Credit Note”), all terms of which are incorporated herein by this reference.

  • Credit Line If your application is approved by us, this agreement will constitute a revolving line of credit for an amount which will be the credit line under your Account. We will advise you of the amount of your credit line. That amount will be the maximum amount you may have outstanding at any time. You agree not to attempt to obtain more credit than the amount of your credit line. However, if you temporarily exceed your credit line, you agree to repay the excess immediately, even if we have not yet billed you. Obtaining such credit does not increase your credit line and if you exceed your Credit Limit repeatedly, we may suspend your credit privilege under this Agreement. We retain the right to increase or decrease your credit line at any time for any reason. Any increase of reduction on the limit of your credit line will be shown on your monthly statement or by separate notice together with any changes in the applicable minimum monthly payments. Your eligibility for this credit line is determined by our loan policy and may be terminated at our sole discretion, without demand or notice. You may close your credit line at any time by notifying us in writing and returning all Cards cut in half. If you terminate this Agreement or if we terminate or suspend your credit privileges, the provisions of this Agreement and your liability hereunder shall otherwise remain in full force and effect until you have paid us all sums due under this Agreement and returned all Cards.

  • CONCENTRATIONS OF CREDIT (1) Within sixty (60) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written asset diversification program consistent with OCC Banking Circular 255. The program shall include, but not necessarily be limited to, the following:

  • Loan Amount 5. ACCOUNT NAME(S) .............................................................................................................................................................................. BANK NAME / BRANCH ...................................................................................................................................................................

  • The Loan Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of one hundred million dollars ($100,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal.

  • Credit Limit 1. The Allocation Platform shall calculate and continuously update the Credit Limit of each Registered Participant in respect of each subsequent Auction. The Credit Limit shall be equal to the amount of the collaterals in place minus any outstanding payment obligations. In case of a Bank Guarantee such Bank Guarantee shall be only considered if the requirements in Article 20 related to its validity for the respective Auction are fulfilled. The Allocation Platform shall make this information available to each Registered Participant individually through the Auction Tool.

  • Advance of Credits 33.3.1 When an employee has insufficient credits to cover the granting of sick leave with pay under the provisions of clause 33.2, sick leave with pay may, at the discretion of the Council, be granted

  • Term Loan The Borrower may, upon notice from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay the Term Loan in whole or in part together with the applicable Prepayment Premium; provided that (A) such notice must be received by the Administrative Agent not later than 11:00 a.m. (1) three Business Days prior to any date of prepayment of LIBOR Rate Loans and (2) on the date of prepayment of Base Rate Loans; (B) any such prepayment of LIBOR Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (C) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); and (D) any prepayment of the Term Loan shall be applied in the inverse order of maturity with respect to the remaining amortization payments. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a LIBOR Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. On the date of any voluntary prepayment of any Term Loan pursuant to this Section 2.05(a)(ii), the Borrower shall pay to the Administrative Agent, for the benefit of the Lenders, whether before or after an Event of Default, the applicable Prepayment Premium. Subject to Section 2.15, each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable Percentages.

  • Credit Limits 18.1 The Client understands that:

  • COMBINED CREDIT LIMIT 3.1 Must not exceed combined credit limit Subject to clause 12.2, you must not use the card such that the total outstanding balance exceeds your combined credit limit.

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