Closing of Accounts. THE BANK may at any time and without the need of a justified cause, close any deposit or credit account of THE CUSTOMER, even if it is subject to termination, terminate any service as well as declare expired any obligation of THE CUSTOMER with THE BANK. In such cases, THE CUSTOMER shall pay to the BANK upon request, any balance in his account and in turn, THE BANK shall pay to the CUSTOMER, by check, any balance in favor of the latter. In the event of closing of deposit accounts, the funds shall remain at the disposal of THE CUSTOMER without generating interest.
Closing of Accounts. I hereby authorize the Company to close any of my Accounts, without need of prior notice to and consent from me, in case my Account is mishandled, misrepresented matters concerning my identity, nature of business and/or any other pertinent information, the Account is used for illegal activities or in any other event when the continuation of the Account is not in the best interest of the Company, or as may be required by law(s) or regulation(s). In an event of closure or termination by reason of my misrepresentation, the Company shall issue a cashier’s check for the balance of my Account. In an event of closure by reason of illegal activities, the Company shall only release the balance of my Account from a lawful order of a competent court. The Company shall send by registered mail or e-mail to my last known address or e-mail address indicated in the Company’s records, notice of the closure/termination of the Account and stating the reason(s) thereof and the manner for me to claim or obtain from the Company the balance of my Account, if any, and an instruction to submit or return to the Company the original copy of the investment/stock certificate in my possession, if any. However, in case of a Company-initiated closure due to, but not limited to, opening of fictitious Account, submission of falsified/fake documents, misrepresentation, etc., the Company shall be entitled to hold the release of the funds unless and until the In ve s to r has submitted valid, legal and acceptable documents proving that he/she is entitled to the funds in the closed Account.
Closing of Accounts. Merchant shall not close any Approved Account provided to Purchaser without Purchaser’s express prior written approval.
Closing of Accounts. We may give notice to you requiring you to withdraw the entire amount on deposit in your account, or any part thereof. Such notice shall also advise you that we reserve the right after the date specified in our notice not to make payment on any Withdrawal or Order drawn on your account. After the date specified, we shall not be obligated to make any payment from such account except for the purpose of closing your account. You or we also may close your account at any time and in such case, you may withdraw or we will provide all of the collected funds in the account, less any fees or charges due from you which will be charged against the account. If you are a member of BFSFCU and all of your accounts are closed, you will cease to be a member. We will not close your account(s) or give you notice to do so if prohibited by law, regulation or our bylaws.
Closing of Accounts. I/We hereby authorize you to close any of my/our Accounts, without need of prior notice to and consent from me/us, in case my/our Account is (i) misrepresented in matters concerning my/our identity, nature of business and/or any other pertinent information, (ii) use for illegal activities or (iii) there is reason to believe that the Account or transaction is in any way related to an unlawful activity or offense and reported to the AMLC or other regulatory agency or (iv) in any other event when the continuation of the Account is not in the best interest of the Company, or (v) as may be required by law(s) or regulation(s). Further, I/We understand that you may close my/our account at your discretion, with prior notice to me/us, for valid grounds, including but not limited to (1) my/our violation of the provision of this Agreement or other policies and procedures imposed by the Company; (2) my/our unprofessional conduct or behavior towards any director, officer, employee, agent or duly authorized representative of the Company; (3) my/our refusal to update my/our information after repeated demands from you; (4) my/our account has been Dormant and has zero balance; and (5) for any other analogous grounds that are detrimental to the interest of the Company. In the event of closure or termination by reason of my/our misrepresentation, you shall issue a cashier’s check for the balance of my/ our Account. In the event of closure by reason of illegal activities, you shall only release the balance of my/our Account from a lawful order of a competent court. You shall send by registered mail or e-mail to my/our last known address or e-mail address indicated in your records, notice of the closure/termination of the Account and stating the reason(s) thereof and the manner for me/us to claim or obtain from you the balance of my/our Account, if any, and an instruction to submit or return to you the original copy of the investment/stock certificate in my/our possession, if any. However, in case of a Company-initiated closure due to, but not limited to, the opening of a fictitious Account, submission of falsified/fake documents, misrepresentation, etc., you shall be entitled to hold the release of the funds unless and until I/We have submitted valid, legal and acceptable documents proving that I/We am/are entitled to the funds in the closed Account.
Closing of Accounts. You can close your Account with us at any time. We also have the right to close your Account for any reason, and pay you the balance via cheque to your address of record, if any, according to our rights of setoff described above. Upon receipt of the proper legal documentation following your death, we will transfer the balance of your funds to your legal repre- sentative and close your Account. If any joint account holder dies who is a resident of any province or territory within Canada outside of Quebec, any positive balance may be withdrawn or made payable to the surviving joint account holder. For Quebec residents only, any positive balance shall be settled in accordance with the estate of the deceased joint account holder.
Closing of Accounts. 26.1. The User has the right to close his Account and terminate the Service at any time by contacting Xxxx.XX at xxxxxxx@xxxxxx.xxx. Xxxx.XX shall proceed with closing the User’s Account not later than seven (7) days from receiving written request by the User.
26.2. Without prejudice to any other right granted to Xxxx.XX’s under this Agreement, Xxxx.XX may, in its absolute discretion, and without prior notice, close the User’s Account and covert such Account to a “ClosedAccount” in the following circumstances:
i. thirty (30) days after the User’s Account would have been converted into a Dormant Account;
ii. after the User asks Xxxx.XX to close his Account and terminate the Service in accordance with Clause 26.1 above;
iii. when the terms of this Agreement are amended, the User states his unwillingness to accept the amended Agreement by applying for closure of his Account in accordance with Clause 32.3 below; or
iv. any other circumstances where Xxxx.XX has good and sufficient cause in general, including Clause 23.4 above.
26.3. Where the User’s Account is converted into a Closed Account, the Account and transactional information that meet data retention standards will be securely stored for five (5) years. In addition, if a transaction is unfinished during the Account closure process, Xxxx.XX shall have the right to notify the User’s counterparty of the situation at that time.
26.4. The User acknowledges that a user-initiated Account closure (the right to erasure under GDPR or other equivalent regulations) will also be subjected to the termination protocol stated in Clause 26.3 above.
26.5. Notwithstanding any provision set forth in Clause 23, Clause 24 and Clause 25, prior to converting the User’s Account into a Closed Account, Xxxx.XX may, through a written notice, require the User to close all of his open positions on the Exchange Service, failing which, such open positions shall be automatically closed by Xxxx.XX two (2) days from such notice.
26.6. Xxxx.XX reserves the right to charge an administrative fee for account closure, including but not limited to closure due to regulatory requirements. The current list of applicable fees and charges and related details on payment of same can be accessed at xxx.xxxxxx.xxx.
Closing of Accounts. The Company may close the Accounts on or after the Release Date and instruct each Account Bank to transfer any credit balances on the Accounts maintained with it (subject to the retention of amounts by such Account Bank in respect of uncleared cheques of the Company) to the order of the Company or to such account(s) as the Company may designate.
Closing of Accounts. The borrower hereby authorizes the bank to · to close the accounts at the end of a calendar quarter or at any other time and to carry the balance forward to the new account or to call in such balance; · to debit or, respectively, credit, at its discretion, even before maturity of these accounts, any amounts which the borrower receives from the bank in cash or otherwise or which the borrower is, for any legal cause, entitled to claim from the bank; _________________________________________________________________________________________
Closing of Accounts. CANCELLATION OF DEBIT CARDS AND CREDIT CARDS, TERMINATION OF AGREEMENT The Customer/ Card holder agree, declare and undertakes;
18.1. That the Bank is authorized to close all or part of the accounts opened in his name and/or terminate the agreement in the event he fails to comply with any of the agreement provisions, in case of his bankruptcy, exceeds his credit card limits or the presence of other justifiable grounds, such closures/settlements and terminations to be made by proper notifications; that the Bank may request the return of the Bank’s Credit Card; that any expired card(s) may not be renewed; that in the event the agreement is cancelled or the Credit Card(s) are not renewed by the Bank, the liabilities of the Customer arising from the use of such Credit Card(s) shall continue; that agreement provisions shall be valid until all of his/their debts and liabilities are entirely performed; that debts and liabilities to arise due to the use of the credit card(s) despite the Bank’s notification of the agreement’s termination, shall become mature as of the date on which the credit card(s) has/ have been used and without the need of any further notifications to be served to the Customer/ Card holder.
18.2. That he/ they shall pay all of his/ their debts in sum and in cash in case the agreement is terminated for reasons given above; that until the entire amount of the outstanding debt is paid, he shall pay default interest, commissions and costs within the framework of the provisions foreseen in the agreement.
18.3. Any unused check leaves or those check leaves which are unsuitable for use shall be returned to the Bank upon the closure/settlement of the account together with those check leaves and books unused until that date.
18.4. That in the event the Bank settles/ closes accounts and/ or cancels cards granted, suspends their use or are not renewed, any interests, commission and other receivables to be collected by the Bank in relation to such closure, settlement, cancellation or suspension and any other grounds shall be immediately paid by himself to the Bank upon the notification of such suspension, cancellation, closure or settlement and that the Bank shall reserve the right to claim interest on said grounds.
18.5. That in order to make any termination request, a notification must be served one month in advance and that all receivables of the Bank to arise in connection with this agreement shall be covered by himself and that all accounts must be se...
