Closure of Accounts. You may close an Account at any time, subject to any specific terms and conditions which apply to that Account including service charges. The Credit Union may close or suspend an Account, in the Credit Union’s sole discretion at any time on reasonable notice being given if: o it learns of your death, cessation of Canadian residency, dissolution, wind-up, surrender of registration, termination of your legal status, bankruptcy or any other lack of legal capacity or that you have committed an act of bankruptcy, or that a petition has been presented for your bankruptcy; o you use the Account or services provided for under these Terms for illegal or fraudulent purposes; o there are insufficient funds to cover cheques or other payment instructions given; o you fail to repay an indebtedness which you owe or may owe the Credit Union; o any third party claims an interest in your Account, pending resolution of the matter; o it considers that there are reasonable grounds to do so (in which case all reasonable efforts will be made to notify you of the circumstances of closure or suspension): in which case, you will be required to reimburse the Credit Union for any expenses which are incurred in connection with any of these matters. In either case, you will continue to be liable for any outstanding debts or obligations in respect of an Account up and until the date of suspension or closure of the Account and agree to repay any amount due or likely to be due immediately without further demand from the Credit Union, and such debt or obligation will continue until it has been satisfied. The Credit Union will not be liable for any consequences of the suspension or closure of any Account and you indemnify the Credit Union for all costs, damages and charges if it does in respect of suspending or closing an Account or not suspending or closing an Account when it could have done so.
Closure of Accounts. 5.1. Please notify us in case you would like to close your Account. We will send both joint Account holders an account closure statement when you close your Notice Account.
Closure of Accounts. 21.1 You may close an Account by giving us one month’s notice. Any cheque books and/or cards issued in connection with the Account must be returned to us and you must pay any amounts outstanding on your Account including interest and charges before the Account is finally closed. The closure may only take effect when any outstanding transactions are completed including any payments we may be obliged to make in respect thereof.
Closure of Accounts. 26.1 All Accounts must be operated in accordance with these Terms and any other applicable requirements. The Bank may by written notice to the Customer (or, in exceptional circumstances including when the Bank learns that any Account is being used for criminal activities, without notice) close forthwith an Account. Upon dispatch of such notice, the Bank shall have no further obligation to honour any Instructions or any Payment Instrument drawn, accepted or made by the Customer which may be presented to the Bank for payment, whether such Instruction or Payment Instrument be dated before or after the date of the closure and notwithstanding that there may then be sufficient funds in the Account to cover the payment of such Instruction or Payment Instrument.
Closure of Accounts. 12.1 We shall have the right (with or without demand) and without prejudice to our other rights under this Agreement:
Closure of Accounts. Accounts may be closed upon request by you but acceptance of such a request does not negate or reduce your liability to pay to us all amounts outstanding at that time together with interest due, charges and debits that may be subsequently processed. At our discretion, and if we believe that we have reasonable grounds to do so, we may close your account. Generally we will give you 14 days’ notice of our intention to close your account, but we may not always tell you why we have done so (for example, if we are legally prevented from doing so). We may close your account immediately and without prior notice where we consider it reasonably necessary (for example, because we are required to by a court order or any law or regulation, if you have acted unlawfully, if you have acted abusively or inappropriately to our staff, or if you have breached these Terms and Conditions or any other applicable terms and conditions).
Closure of Accounts. THE BANK may, at any time and without need of justified cause, close any deposit or credit account of THE CLIENT, even if it is subject to termination, terminate any service as well as declare of expired term any obligation of THE CLIENT With THE BANK. In such cases, THE CLIENT shall cancel the BANK upon request, any balance in its account and for its part, THE BANK will cancel to the CLIENT, by check, any balance in favor of this. In case of closing of deposit accounts, the funds will remain at the disposal of THE CLIENT without generating interest.
Closure of Accounts. The Trustee Bank shall, at the request of the Borrower made on or after the payment by the Borrower of all outstanding amounts under the Financing Documents as confirmed by the Lender, close the Accounts (except such Accounts that may have been closed earlier with the consent of the Lender) and pay any amount standing to the credit thereof to the Borrower.
Closure of Accounts. We may close an Account by sending notice of closure ten (10) days in advance of the closure date if the Account is not overdrawn and the collected funds balance of the Account exceeds zero. Notice from us to any one of you is notice to all of you. We may close this Account, without prior notice to you anytime the Account is overdrawn, the collected funds balance of the Account does not exceed zero, or we suspect fraudulent activity. ADMINISTRATIVE ACCOUNT HOLDS We may place an administrative hold on the funds in your Account (refuse payment or withdrawal of the funds) if it becomes subject to a claim adverse to (1) your own interest; (2) others claiming an interest as survivors or beneficiaries of your Account; or (3) a claim arising by operation of law. The hold may be placed for such period of time as we believe reasonably necessary to allow a legal proceeding to determine the merits of the claim or until we receive evidence satisfactory to us that the dispute has been resolved. We will not be liable for any items that are dishonored as a consequence of placing a hold on funds in your Account for these reasons.
Closure of Accounts. Without prejudice to any of the Broker's other rights, the Broker shall be entitled at any time (and without liability on the Broker’s part and without assigning any reason therefor) to refuse to act on any particular instructions (including any instructions countermanding other instructions) and/or, on at least two (2) Business Days' notice in writing, to close the Account(s), close out or otherwise realize the outstanding positions with respect to any transaction, accelerate all liabilities of the Client to the Broker so that they shall become immediately due and payable and terminate the Broker’s relationship with the Client. No such termination under this paragraph shall in any way prejudice or affect any transaction which shall have been effected by the Broker for and on behalf of the Client and the rights and obligations of the Broker and the Client under this Agreement shall not be affected to the extent permitted under applicable laws and regulations.
