Current Accounts. If you open a new account with another bank or building society which offers the Current Account Switch Service (‘the Switch Service’) and you ask to switch your account with us to your new bank or building society using the Switch Service, you will sign a Current Account Switch Agreement and an ‘Account Closure Instruction’ form asking them, on your behalf, to instruct us to close your account with us. Once the 7 day Switch Service starts, your instruction to close your account will be received by us and cannot be changed. We will close your account on the date your switch completes (or when you have repaid any money owing on your account with us, if later). For further details, visit xxxxxxxxxxxxxxxxxxxx.xx.xx The Current Account Switch Agreement Service Conditions will be provided to you by your new bank or building society. If your annual turnover is £6.5 million or less and your current account is closed we will, depending on the reason for closure, provide you with access to information on the transactions on your account that have taken place in the 5 years prior to the account closure, unless you tell us you do not want this information. You will also be able to request information on transactions on your account before it was closed for up to 5 years following account closure. We will give you more information about this if your current account is closed. Details will also be available on our website. 20 Statements Summary: This section explains that we will send you account statements.
Current Accounts. 3.8.1. Eligible beneficiaries are individuals using the account for non-commercial purposes.
Current Accounts. After the date hereof and prior to the Closing, (a) the Company shall continue its general practices and policies relating to (1) the payment and collection, as the case may be, of accounts payable and accounts receivable, (2) subject to the provisions of Section 6.1 of the Merger Agreement, the defense and settlement of Actions and (3) maintenance of inventory of a quantity (accounting for seasonal variations), quality and mix, in each case, in the ordinary course and consistent with past practice for the New Diamond Business and the Retained Business and (b) no party hereto shall, nor shall any party permit any of its Subsidiaries or Affiliates to, materially influence or otherwise alter such practices and policies.
Current Accounts. Until the full satisfaction of all the obligations owed to the Bank under any Financing Document, in addition to the obligations provided at Section 5 (General undertakings of the Debtors) from Chapter 1 (General provisions) hereof, the Borrower undertakes to maintain current accounts open with the Bank in each of the Multiproduct Facility Currencies.
Current Accounts. You may open a current account with us in accordance with the conditions mentioned section 1.1 of this agreement. We hold the right to change eligibility criteria for opening a current account with us. In such case, we will inform our customers by putting a notice in our branch and if you already have a current account with us and no longer meet the criteria then we will give you 2 months personal notice on the matter. You can make payments and withdraw funds from your current account anytime when you have sufficient cleared funds to do so.
Current Accounts. The Managing General Partner will establish an account on the books of the Limited Partnership for each of the Partners (each, a “Current Account”), to which Net Profits and all other amounts to which Partners are entitled (other than Capital) will be credited and to which Net Losses and all distributions to Partners (other than distributions of Capital) will be charged.
Current Accounts. 1.1 Currency and Minimum Balance A current account can only be opened in such currency and with such minimum balance as we may stipulate from time to time.
Current Accounts. For the avoidance of doubt, references to "Deposits" in this section means Deposits in current accounts and "Accounts" means current accounts.
Current Accounts. The Borrower will establish a current account with the Lender in Dollars and, as required, US Dollars (each a “Current Account”) for the conduct of the Borrower’s day to day banking business. If an Event of Default exists, the Lender may apply any credit balance in a Current Account, against any Credit Obligation. Any cheque or payment instruction or debit authorization from the Borrower and resulting in an Overdraft in any Current Account will be deemed to be a request for such a Borrowing (up to the Overdraft limit specified in Section 2.4(a)(i)). If, at the end of any Business Day, there is a credit balance in any such Current Account relating to the Revolving Facility, the Lender may apply such credit balance to Prime Rate Loans or US Base Rate Loans outstanding under the Revolving Facility or, if an Event of Default exists, against any Credit Obligation.
Current Accounts. The Company has prepared Accounts in accordance with Chinese laws and accounting principles, standards and practices generally adopted in China on the date of the Agreement in order to truly and fairly reflect the Company’s assets, liabilities and operations up to the Balance Sheet Date, the Company’s profits or losses during relevant periods, and the provision for bad and doubtful debts made by the Company on the Balance Sheet Date according to accounting practices.
