Debit balances. You are not entitled to overdraw your Unallocated Account except to the extent that we otherwise agree in writing. In the absence of such agreement, we shall not be obliged to carry out any instruction of yours which will cause your Unallocated Account to be overdrawn. If for any reason your Unallocated Account is overdrawn, you will be required to pay us interest on the debit balance at the rate agreed between us or, if no such agreement exists, at such rate as we determine to be appropriate. The amount of the overdraft and any accrued interest will be repayable by you on our demand. Your obligation to pay interest to us will continue until the overdraft is repaid by you in full. Our books and records shall be conclusive as to the balance at any time standing to your credit in your Unallocated Account.
Debit balances. You are not entitled to overdraw the Unallocated Account except to the extent that there is equivalent Bullion in the Allocated Account. If for any reason the Unallocated Account is overdrawn beyond 1100 xxxx ounces, we may at our sole discretion and without any further consent from you transfer equivalent Bullion from the Allocated Account in satisfaction of such debit balance.
Debit balances. You are not entitled to overdraw an Allocated Account, and we shall not carry out any instruction from you where to do so would in our opinion cause any Allocated Account to have a negative balance.
Debit balances. If the Account has a cash deficit, the Holder authorizes the Trustee or the Agent to determine which Property to select and to sell such Property to cover such cash deficit. The Trustee is prohibited from borrowing money or other property for the purposes of the Account.
Debit balances. You are not entitled to overdraw the Unallocated Account, and we shall not be obliged to carry out any instruction from you where to do so would in our opinion cause the Unallocated Account to have a negative balance. This Clause 9.4 does not apply in relation to any rounded quantity of Bullion that may be debited to your Unallocated Account in connection with rounding up your Allocated Account balance to record the nearest whole number of plates and/or ingots under the Allocated Account Agreement.
Debit balances. If Vendor is indebted to Dealer but there is no outstanding balance due to Vendor, Vendor will pay the amount due to Dealer via check or wire transfer in full within thirty (30) days of receipt of notification thereof from Dealer. Dealer reserves the right to charge Vendor interest at the rate of 1.5% per month for any debit balance not paid within such time. If the amount in question is disputed, the parties agree to work in good faith to reconcile the matter so that payment to Dealer of any undisputed amount will be made within sixty (60) days of Dealer's original notice to Vendor. In no event will Dealer be obligated to take a credit against future purchases.
Debit balances. (a) You may formally request an overdraft facility with us, which we may in our absolute discretion agree to and which will be subject to the terms and conditions set out in a facility letter or agreement.
(b) If a payment from your account would cause the account to go overdrawn or over an existing overdraft limit, this will be treated by us as an informal request from you for an overdraft or an increase of an existing formally arranged overdraft limit. We may, in our absolute discretion, agree to such an informal request, and may provide you with a temporary overdraft facility or increase your existing overdraft limit to cover the relevant payment. The temporary facility will continue until you pay funds into the account to clear the overdraft or to reduce the account balance back within your existing overdraft limit, or until we agree a formal overdraft limit or make a demand for repayment.
(c) If we do not agree to an informal overdraft request relating to any payment from your account, we will not make that payment, and we may charge for assessing your request and for returning any unpaid payments.
(d) Charges and interest on debit balances are payable in accordance with Clause 12 below.
Debit balances. If the Fund has a cash deficit, the Annuitant authorizes the Trustee or the Agent, to determine which Property to select and to sell such Property to cover the cash deficit within the Fund.
Debit balances. If Vendor has a "
Debit balances. You are not entitled to overdraw an Unallocated Account except as provided under clause 4.7 or except to the extent that you and us otherwise agree in writing. In the absence of such agreement and except as provided under clause 4.7, we shall not be obliged to carry out any instruction of yours which will cause any Unallocated Account to be overdrawn. If for any reason an Unallocated Account is overdrawn other than as permitted under clause 4.7 or this clause 8.4, you will be required to pay us interest on the debit balance at the rate agreed between you and us or, if no such agreement exists, at such rate as we determine to be appropriate. The amount of such overdraft and any accrued interest will be repayable by you on our demand. Your obligation to pay interest to us will continue until such overdraft is repaid by you in full.
