CONSENSUAL LIEN ON FUNDS Sample Clauses

CONSENSUAL LIEN ON FUNDS. You grant and consent to a lien on Your funds on deposit with Us (except for IRA and Xxxxx accounts) and any dividends due or to become due to You from Us to the extent You owe on any unpaid balance. If such funds on deposit or dividends due are owned jointly, Our right of set-off and Our consensual lien extends to any amount owed to Us by any of the joint owners.
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CONSENSUAL LIEN ON FUNDS. You grant and consent to a lien on Your funds on deposit with Us (except for IRA and Xxxxx accounts) and any dividends due or to become due to You from Us to the extent You owe on any unpaid balance. If such funds on deposit or dividends due are owned jointly, Our right of set-off and Our consensual lien extends to any amount owed to Us by any of the joint owners. LINE OF CREDIT LIMITS. You will have credit available up to Your Credit Limit as shown above. Unless You are in default, such Credit Limit established for You will generally be self-replenishing as You make payments. You will keep Your unpaid balance within Your Credit Limit set by Us, and You will pay any amount over Your Credit Limit on Our demand whether or not We authorize the advances which caused You to exceed Your Credit Limit. Even if Your unpaid balance is less than Your Credit Limit, You will have no credit available during any time that any aspect of Your Account is in default.
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CONSENSUAL LIEN ON FUNDS. You grant and consent to a lien on Your funds on deposit with Us (except for IRA and Xxxxx accounts) and any dividends due or to become due to You from Us to the extent You owe on any unpaid balance. If such funds on deposit or dividends due are owned jointly, Our right of set-off and Our consensual lien extends to any amount owed to Us by any of the joint owners. ACCOUNT RESTRICTIONS. If reflected above, You agree to give Us a specific pledge of funds (which will equal Your credit limit) in order to receive and maintain an Account. In the event that You default on Your Account, We may apply these funds toward the repayment of any amount owed on that Account. You may cancel Your Account at any time by paying any amounts owed on such Account. To be certain that Your entire balance and all advances are paid, any funds pledged may not be available to You for 30 days after You have cancelled and any outstanding balance is paid in full. LINE OF CREDIT LIMITS. You will have credit available up to Your Credit Limit as shown above. Unless You are in default, such Credit Limit established for You will generally be self-replenishing as You make payments. You will keep Your unpaid balance within Your Credit Limit set by Us, and You will pay any amount over Your Credit Limit on Our demand whether or not We authorize the advances which caused You to exceed Your Credit Limit. Even if Your unpaid balance is less than Your Credit Limit, You will have no credit available during any time that any aspect of Your Account is in default.
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CONSENSUAL LIEN ON FUNDS. You grant and consent to a lien on Your shares with Us (except for XXX and Xxxxx accounts) and any dividends due or to become due to You from Us to the extent You owe on any unpaid Credit Card balance.
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Related to CONSENSUAL LIEN ON FUNDS

  • Indebtedness and Liens Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.

  • Encumbrance Create, incur, allow, or suffer any Lien on any of its property, or assign or convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries to do so, except for Permitted Liens, permit any Collateral not to be subject to the first priority security interest granted herein, or enter into any agreement, document, instrument or other arrangement (except with or in favor of Bank) with any Person which directly or indirectly prohibits or has the effect of prohibiting Borrower or any Subsidiary from assigning, mortgaging, pledging, granting a security interest in or upon, or encumbering any of Borrower’s or any Subsidiary’s Intellectual Property, except as is otherwise permitted in Section 7.1 hereof and the definition of “Permitted Liens” herein.

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