Common use of Closing the Account Clause in Contracts

Closing the Account. Any Owner of a Single Party, Joint or Multiple Party with Right of Survivorship, Payable on Death, or Minor Account may close the Account at any time. The Trustee, Custodian, or other authorized signer for a Trust, TUTMA, Guardianship or Estate, Representative Xxxxx, or Business Account may close the Account at any time. Your right to close an Account is subject to any statutory or contractual lien existing in the Credit Union’s favor and any legal process levied against any such Account. The Credit Union may close an Account at any time and disburse funds on deposit in any such Account to the Owners of the Account or in satisfaction of any obligation owing to us, in any manner it deems appropriate, if (i) any of the events set forth in the preceding paragraphs 8 or 11 should arise, (ii) the Credit Union believes that it may suffer a loss if the Account is not closed or we believe that the volume of Account activity exceeds that which we can reasonably and safely process, (iii) we determine that any member or Joint Owner of the Account or any party claiming an interest in the Account has been abusive in the use of the Account or in the conduct of his or her affairs with the Credit Union, or (iv) our attempts to verify your identity have failed,

Closing the Account. Any Owner of a Single Party, Joint or Multiple Party with Right of Survivorship, Payable on Death, or Minor an Account may close the Account at any timetime upon providing a verbal or written notice to the Credit Union. The TrusteeHowever, Custodianwith respect to a Joint Account, or other authorized signer for a Trust, TUTMA, Guardianship or Estate, Representative Xxxxx, or Business Account an Owner may close the membership share Account at any timeonly if he/she is a Joint Owner on the membership share Account. Your right to close an Account is subject to any statutory or contractual lien existing in the Credit Union’s favor and any legal process levied against any such Account. If we pay any item or payment order after your Account is closed, you agree to reimburse us. The Credit Union may close an Account at any time and disburse disperse funds on deposit in any such Account to the Owners of the Account or in satisfaction of any obligation owing to us, in any manner it deems appropriate, if (ia) any of the events set forth in the preceding paragraphs 8 paragraph 5, 7, 8, or 11 10 should arise, ; (iib) the Credit Union believes that it may suffer a loss if the Account is not closed or we believe that the volume of Account activity exceeds that which we can reasonably and safely process, ; (iiic) we determine the Credit Union determines that any member or Joint that any Owner of the Account to or any party claiming an interest in the Account has been abusive in the use of the Account or in the conduct of his or her affairs with the Credit Union, or ; (ivd) our attempts to verify your identity have failed,;

Closing the Account. Any Account Owner may close an Account at any time; provided, however, that, except for the Primary Member, no other Owner may close the primary Share Account of the Primary Member. We reserve the right to require the written consent of any or all of the Account Owners to close a Single Party, Joint or Multiple Party with Right of Survivorship, Payable on Death, or Minor Account may close the Account at any time. The Trustee, Custodian, or other authorized signer for a Trust, TUTMA, Guardianship or Estate, Representative Xxxxx, or Business Account may close the Account at any timeAccount. Your right to close an Account is subject to any statutory or contractual lien existing in the Credit Union’s our favor and any legal process levied against any such Account. The Credit Union If we pay any item or payment order after your Account is closed, you agree to reimburse us. We may close an Account at any time and disburse funds on deposit in any such Account to the Owners of the Account or in satisfaction of any obligation owing to us, in any manner it deems we deem appropriate, if (i) any of the events set forth in the preceding paragraphs 8 Paragraphs 9 or 11 12 should arise, (ii) the Credit Union believes we believe that it we may suffer a loss if the Account is not closed or we believe that the volume of Account activity exceeds that which we can reasonably and safely process, (iii) we determine that any member or Joint Owner of Party to the Account or any other party claiming an interest in the Account has been abusive in the use of the Account or in the conduct of his or her affairs with the Credit Union, or (iv) our attempts to verify your identity have failed,, (v) you do not cooperate with our reasonable requests in connection with maintenance of your Account, or (vi) there has been a change in Account ownership or a change with regard to the persons authorized to sign on the Account. In addition, we reserve the right to close a Checking Account for any of the following reasons: (i) if there are seven or more nonsufficient funds (NSF) checks or other NSF transactions within a