Continuous Negative Balance Sample Clauses

Continuous Negative Balance. If the balance in your account is negative at the end of a business day and continues to be negative at the end of each business day for five (5) consecutive business days, then we will begin to assess a Continuous Negative Balance Charge to your account for each business day thereafter that your account continues to have a negative balance, up to a maximum of twenty (20) business days. The amount of the Continuous Negative Balance Charge is stated in our Schedule of Service Fees and Charges and is in addition to any service charge that we may assess for any item we return for insufficient funds or any overdraft. You can avoid the Continuous Negative Balance Charge by promptly depositing or transferring sufficient available funds to your account to pay the amount of the overdraft - plus any overdraft charges we have assessed - within the first five (5) consecutive business days from the time your account became over- drawn. The Continuous Negative Balance Charge will not be assessed if your negative account balance is within the tolerance threshold specified in our Schedule of Service Fees and Charges.
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Related to Continuous Negative Balance

  • Negative Balances If your Stripe Account balance (or the Stripe Account balance of any User Group Entity) is negative, or does not contain funds sufficient to pay amounts that you (or a User Group Entity) owe to Stripe, its Affiliates or Customers, then without limiting Stripe’s rights under Sections 4.2 and 4.3 of the General Terms, Stripe may debit the User Bank Accounts by the amount necessary to collect, and pay out to Customers if applicable, the amounts you owe.

  • Continuous Operation The work week shall provide for continuous operation based on a seven (7) day week, twenty-four (24) hours per day.

  • Calculation of Continuous Service For the purposes of this clause service shall be deemed to be continuous notwithstanding:

  • Continuous Operations Any employee or group of employees engaged in an operation for which there is regularly scheduled employment on a twenty-four (24) hour a day, seven (7) day a week basis shall be known as continuous operations employees.

  • Leave Balances The President and Vice-President will accrue vacation and sick leave during the period of absence; however, when the President and Vice−President return to state service their leave balances will not exceed their leave balances on the date the period of absence commenced. If the President or Vice-President retire or separate from state service at the end of the period of absence, their leave balances will not exceed their leave balances on the date the period of absence commenced. Reporting of leave will be submitted to the College. All leave requests will be submitted within the required time limits.

  • Breaks in Continuous Service An employee's continuous service record shall be broken by voluntary resignation, discharge for just cause, and retirement.

  • Period of Continuous Service Period of Notice Up to 1 Year 1 Week More than 1 Year but less than 3 Years 2 Weeks More than 3 Years but less than 5 Years 3 Weeks More than 5 Years 4 Weeks

  • Continuous Service The Parties shall continue providing services to each other during the pendency of any dispute resolution procedure, and the Parties shall continue to perform their obligations (including making payments in accordance with Article IV, Section 4) in accordance with this Agreement.

  • Continuous Employment For purposes of this Agreement, the continuous employment of the Grantee with the Company or a Subsidiary shall not be deemed to have been interrupted, and the Grantee shall not be deemed to have ceased to be an employee of the Company or Subsidiary, by reason of (a) the transfer of the Grantee’s employment among the Company and its Subsidiaries or (b) an approved leave of absence.

  • Minimum Balance Merchant agrees to maintain a minimum balance of funds in the Settlement Account as Bank may specify to Merchant in writing from time to time.

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