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. Summary: This section explains that we will send you account statements.
20.1 For accounts with more than one signatory we will send one statement addressed to the business, unless you tell us in writing that you need additional statements addressed to specific individuals.
20.2 Information about your transactions will be available on a daily basis via Online Banking. You‘ll receive all other documents and statements by post unless you‘ve chosen paper-free in Online Banking. If you‘ve chosen paper-free, your statements for this product, as well as some of your letters, will be sent to your document store in Online Banking. You‘ll receive an email when a document is ready to view. You can change your preferences on how to receive documents from us within Online Banking at any time.
Current Accounts. 3.8.1. Eligible beneficiaries are individuals using the account for non-commercial purposes.
3.8.2. The deposit is payable along with interest on first demand.
3.8.3. The Customer agrees not to use the account for commercial purposes. If he does use the account for commercial purposes, the Bank is entitled to terminate the Agreement and demand that any unused cheques be immediately returned thereto.
3.8.4. The deposit earns interest at the rate applicable from time to time.
3.8.5. Information on the exact interest rate level, as well as on the initial deposit amount, where applicable, is available to the customer as specified under 1.1.2. hereinabove.
3.8.6. Interest is calculated in line with the General Terms of Deposits (1.1.2., 1.1.3. and 1.1.4.).
3.8.7. In the event that the Customer issues a bad cheque, he accepts that a fee for reprocessing bad (“bounced”) cheques shall be automatically charged to his account (on the 1st business day following the 5th day of the month that follows the month when the bad cheque was presented, as per the Bank’s Rates & Charges).
3.8.8. In all other respects the provisions governing sight deposits in euro apply (under article 3.4. hereinabove).
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. 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. 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 Account Holder understands and accepts that it is up to the absolute discretion of the Bank to pay any credit interest. In cases where the Account Holder’s deposits are subject to tax deduction (special defense contribution) according to the terms of the relevant laws regarding the deduction of tax from the interest earned on the Account Holder’s account, the Bank shall deduct the relevant amount from the interest earned on the Account Xxxxxx’s account. The Bank may provide a chequebook at the request of the Account Holder, to be used with current accounts. The Bank reserves the right at its sole discretion, or where required by Law or supervisory regulations, to refuse the issuing of a chequebook or to recall any unused cheques. The Account Holder has the obligation to keep the chequebook in a safe place and to take the necessary precautionary measures to prevent unauthorized use of cheques. In case of loss of part of the entire chequebook, the Account Holder has the obligation to immediately notify the Bank accordingly. The Account Xxxxxx has the right to stop the payment of a cheque he/she/it has issued, providing the Bank with signed instructions and including all relevant data and information, such as issuing date, name of payee, amount, cheque number etc., as well as the reason for recalling the cheque. The Bank bears no responsibility if the cheque has already been paid. The Account Holder is responsible to indemnify the Bank for any damage suffered because of any non-payment of a cheque. Pursuant to the joint Directive of the Central Bank of Cyprus’ and the Commissioner of the Cooperative Societies’ Supervision and Development Authority regarding the opening and operation of current accounts and the creation of a Central Information Register for issuers of dishonored cheques* and other related matters, the holder of a current account who issues cheques that are subsequently dishonored, will be filed in the Central Information Registry (CIR). The filing of any person in the CIR results in the following: ⮚ Freezing of all the current accounts that the filed person may hold with any Bank or CCCSB, so that no withdrawals from or debits to such accounts are allowed except for amounts due to the relative Bank or CCCSB where the account is held. It is understood that the freezing of an account does not prevent the Bank or CCCSB from effecting a payment or allowing a debit to the account for the settlement of dishonored cheques that were issued before ...
Current Accounts. The General Partner will establish a Current Account on the books of the Partnership for the General Partner and each of the Limited Partners, to which their respective shares of the net income or loss of the Partnership shall be credited or charged and which shall be charged with distributions (other than distributions of Capital) made to them.
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. 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. To this date, the only current bank accounts for the Companies are those indicated in Appendix 6.01.16, whose balances reported by the respective banks as of January 26, 2017, at the hour indicated from each one, are included in said Appendix, along with a reconciliation of these balances with outstanding checks written against the accounts.
