Commercial Accounts Sample Clauses
Commercial Accounts. You agree to pay interest at a rate established by the Bank from time to time and published in your Pricing Statement on any negative collected balance in the account. If, in the Bank’s discretion, an overdraft is created, you agree to repay the overdraft upon demand. Upon request by the Bank, you agree to execute and deliver to the Bank a promissory note in a form acceptable to the Bank evidencing your obligation to repay the overdraft.
Commercial Accounts. Commercial accounts (including accounts of a small business) include those established by a sole proprietor, joint venture, partnership, corporation, association, limited liability company, limited liability partnership, business trust, governmental unit, or other entity. Commercial accounts also include those established primarily for religious, philanthropic, charitable, educational, fraternal or similar purposes and not operated for a profit. Commercial accounts do not include accounts established by one or more natural persons opening the account primarily for personal, family or household purposes.
Commercial Accounts. USER represents that all fuel purchased will be used for commercial business purposes only, and not consumer purposes.
Commercial Accounts. The Bank shall open and maintain a commercial account or accounts in the name of the Fund, subject only to the Bank's draft or order after receipt of Instructions, and the Bank shall deposit in such account or accounts all cash constituting, or which is to become, part of the Property. The Bank shall make payments of cash to or for the account, of the Fund from such cash accounts only pursuant to Section VI of this Agreement or as otherwise specifically provided in this Agreement.
Commercial Accounts. Contractor agrees to not permanently discontinue service to a commercial or Roll-off customer for non-payment. Contractor may temporarily suspend services for maximum of fourteen calendar days if customer’s account has been delinquent in payment for a period of at least forty-five (45) days. If Contractor temporarily suspends service to any non- paying person, corporation or entity, such person, corporation, or entity as a condition precedent to re-establishment of regular service, shall comply fully with all of the then billing policies and practices of the Contractor, including, but not limited to, requirement of payment by cash or cash equivalent, prepayment of one full billing cycle, a security deposit, payment of all costs of collection of monies owed to Contractor, and payment of a reinstatement fee. In addition, delinquent accounts shall be charged a 1.5% monthly late fee. If the Contractor temporarily suspends service for non-payment of the customer’s account, Contractor shall, upon City request, give written notice to the City Manager of any suspension of service for nonpayment of account, giving the name and address of the customer(s). If payment is not received after the temporary suspension of services, Contractor shall resume regular services and shall be entitled to recover any and all payments in accordance with Section 21.11.3 below.
Commercial Accounts. If your account is not a consumer account, your use of the card, including liability limitations, will be subject to our separate Business Debit Card Access Agreement. This is true regardless of any consumer account protections disclosed in this document, with your periodic statements, or other communications from us. The error resolution and liability provisions applicable to consumer accounts in the Electronic Fund Transfer Services portion of this Deposit Agreement, at the end of or with any periodic statements or other documents you may receive from us, do not apply to commercial accounts. Use of your card or PIN is controlled by you. All use of a card will be deemed to be an act of and the responsibility of yours, whether or not the card is or is not a valid card. Unless your liability may be limited as described under the Visa Zero Liability Policy, you will be liable for all transactions made using a card, PIN or card number. You shall be responsible regardless of whether such card transactions were effectuated: (a) by or on behalf of any authorized individual, or for any authorized purpose, or by an unauthorized person or in conflict with any of your established usage limitations; (b) using a valid PIN; or (c) in accordance with any rules or regulations of Visa, the Bank or any merchant. Without limiting the foregoing, you are responsible for any and all transactions of any type processed through an authorized system if we receive transaction data identifying a card, PIN or other access device as one issued to you. For purposes of this Deposit Agreement, an authorized system is any system that will process transaction data for valid cards. Under no circumstances will we be liable for any special or consequential damages involving commercial accounts. The owners of commercial accounts assume sole responsibility for any unauthorized use of the account’s cards, and/or PIN, and/or any other access device or other electronic transaction, and shall indemnify, defend and hold the Bank harmless from all claims, actions, proceedings, losses and damages related to or arising out of any unauthorized transaction. We may offer you automated clearing house (ACH) origination and wire transfer services, subject to the terms of our separate service agreements. From time to time, you may be a party to an ACH entry or a wholesale (wire) funds transfer, which may be credited to or debited from your account. Division 11 of the California Commercial Code governs wholesa...
Commercial Accounts. Commercial Banking accounts include those established by a sole proprietor, joint venture, partnership, corporation, association, limited liability company, limited liability partnership, business trust, governmental unit, or other entity. Commercial accounts also include those established primarily for religious, philanthropic, charitable, educational, fraternal, or similar purposes and not operated for a profit. Commercial accounts do not include accounts established by one or more natural persons opening the account primarily for personal, family or household purposes. The Bank may require a resolution, authorization, agreement or other documents to evidence the authority of any individual to act on behalf of a commercial accountholder in compliance with applicable laws and regulations governing customer due diligence and for the purpose of establishing beneficial ownership of an entity or due authorization on an account. Each person whose name appears on the signature card or other bank records for a commercial account or on any resolution or other authorization represents and warrants that such person is authorized to execute all documents in the capacity designated in that document. In the event of any inconsistency between the signature card/bank records and any resolution, authorization or other document, the signature card/bank records will govern. The Bank is not required to recognize any resolution or authorization that is not on the Bank’s own form. Immediately upon any change in authority, each commercial accountholder agrees to provide the Bank with a new resolution, authorization or other documentation evidencing the change. The Bank may continue to follow the directions of a commercial accountholder’s representative who, according to the Bank’s records, is authorized to act on behalf of the accountholder until the Bank receives a written resolution or authorization effecting a change and the Bank has had a reasonable period of time to act on such change. Unless otherwise agreed, five (5) business days after the Bank’s receipt of a complete and properly executed resolution, authorization, agreement, or other document is a reasonable period of time, but the Bank may recognize the change sooner. Depending on the structure of the entity, the Bank may require that the entity provide copies of organizational documents filed with the Secretary of State or other chartering authority. The Bank may rely on the signature or certification of any such a...
Commercial Accounts. The parties acknowledge that the fees and royalties under this Article III do not cover use of the Reno Receivers, Provo Receivers, and Two-Chip Receivers in commercial establishments. In the event that DIRECTV desires to use such receivers in such establishments, TiVo and DIRECTV shall negotiate in good faith on the appropriate terms, fees and/or royalties.
Commercial Accounts. 1 Billed Receivables Balance (per aging dated Month/Day/Year) 1 $ —
Commercial Accounts. We offer eCorp to our Commercial customers. This program enables you to do ACH Batches and Wire Transfers, among many others features. Please contact one of our Customer Service Representative’s for details.