– DEBIT BALANCE AT CLOSURE – INTEREST Sample Clauses

– DEBIT BALANCE AT CLOSURE – INTEREST. If there is a debit balance at closure, this shall be bear interest as if said closure, at the legal rate increased by 5 points. Similarly , any transactions that the Bank has not been able to reverse shall bear interest at the same increased rate. Lastly , pursuant to Article 1343-2 of the French Civil Code, the parties agree that the interest on principal due for a full year shall itself bear interest.
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– DEBIT BALANCE AT CLOSURE – INTEREST. Financial instruments account and services agreement This Agreement (the “Agreement”), in compliance with the regulations of the French Financial Markets Authority, is for the purpose of defining the terms and conditions under which the Bank provides the following services to the Client, in the capacity of investment service provider: - investment advice; - reception/transmission of instructions on behalf of third parties; - execution of instructions on behalf of third parties; - custody account keeping. The financial instruments account agreement is comprised of these terms and conditions together with the pricing applicable to the Execution and best selection policy and the summary of the Management of conflicts of interest policy given to the Client at the time of entering into this agreement.
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– DEBIT BALANCE AT CLOSURE – INTEREST. ARTICLE 2 - QUALIFIED INTERMEDIARY (“QI”) If there is a debit balance at closure, this shall be bear interest as if said closure, at the legal rate increased by 5 points. Similarly, any transactions that the Bank has not been able to reverse shall bear interest at the same increased rate. Lastly, by application of article 1343-2 of the French Civil Code, the parties agree that the interest on principal due for a full year shall itself bear interest.
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Related to – DEBIT BALANCE AT CLOSURE – INTEREST

  • Contribution Allocation The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04. PART I. [OPTIONS (a) THROUGH (d)].

  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

  • Account Balance The Servicer must never allow any Custodial T&I Account to become overdrawn as to any individual related Borrower. If there are insufficient funds in the account, the Servicer must advance its own funds to cure the overdraft.

  • Account Balances Balances shown in your accounts may include deposits subject to verification by us. The balance reflected in the Service may differ from your records due to deposits in progress, checks outstanding, or other withdrawals, payments or charges. A transfer request may not result in immediate availability because of the time required to process the request. A transfer request must be made before the Business Day Cut-off time to be effective the same Business Day. The balances within the Service are updated periodically and the Service will display the most current "as of" date on the "accounts" summary page. There may be situations that cause a delay in an update of your balances. The Service will use the most current balance available at the time of a transaction to base our approval for account transfers.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Credit Balances No interest or other amount will be paid by us on any credit balance on the Unallocated Account.

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • Return of Contribution Nonrecourse to Other Members Except as provided by law, upon dissolution, each member shall look solely to the assets of the Company for the return of the member's capital contribution. If the Company property remaining after the payment or discharge of the Company's debts and liabilities is insufficient to return the cash contribution of one or more members, such member or members shall have no recourse against any other member or the Board.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

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