EFT Transactions Clause Samples

The EFT Transactions clause governs the use and processing of electronic funds transfers between parties. It typically outlines the procedures, authorizations, and responsibilities related to initiating, receiving, and confirming payments made electronically, such as through ACH transfers or wire payments. By clearly defining how electronic payments are handled, this clause helps prevent disputes, ensures timely transactions, and allocates responsibility for errors or unauthorized transfers.
EFT Transactions. If you notify us within two (2) business days, you can lose no more than $50 if someone accessed your account without your permission. If you do not tell us within two (2) business days after you learn of the unauthorized use of your account or EFT service, and we can prove that we could have stopped someone from accessing our account without your permission if you had told us, you could lose as much as $500. Your liability for unauthorized loan transactions through an EFT service is $50.
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EFT Transactions. An EFT is any transfer of funds by the use of your Card(s) through an electronic terminal, telephone, or other electronic means as may be made available by the Bank for the purposes of authorizing a debit or credit to your ProCash Plus Account.
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EFT Transactions. If you withdraw funds from your Account by means of an electronic funds transfer (EFT) other than through First Online Cash Management Service, such as an ATM cash withdrawal, and the EFT occurs at any time on the same Business Day that you use First Online Cash Management Service to transfer funds or make an Online ▇▇▇▇ payment from the same Account, and if there are insufficient funds to pay both the EFT and the Online transfer made through First Online Cash Management Service, then the EFT will be posted to your Account first. The Rules regarding overdraft charges that otherwise apply to your ▇▇▇▇ Pay Checking Account will be charged.
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EFT Transactions. You may use your Card and PIN to: 1. Withdraw cash from your individual or joint personal Checking Account or Savings Account. We may limit the daily amount of your cash withdrawals to your available account balance (including any overdraft protection product, if applicable) or $510, whichever is less; 2. Make deposits to your Checking Account or Savings Account; 3. Transfer funds between your Checking Account(s) and/or Savings Account(s). You are permitted to make an unlimited number of such transfers using an ATM; and 4. Pay bills directly from your Checking Account to parties which have officially agreed to accept your payments, provided you make these payments in accordance with the procedures set forth by us. You are not permitted to make bill payments from your Savings Account.
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Related to EFT Transactions

  • Exempt Transactions The following transactions shall be exempt from the provisions of this Section 4: (1) any transfer of Shares to or for the benefit of any spouse, child or grandchild of the Participant, or to a trust for their benefit; (2) any transfer pursuant to an effective registration statement filed by the Company under the Securities Act of 1933, as amended (the “Securities Act”); and (3) the sale of all or substantially all of the outstanding shares of capital stock of the Company (including pursuant to a merger or consolidation); provided, however, that in the case of a transfer pursuant to clause (1) above, such Shares shall remain subject to the right of first refusal set forth in this Section 4.

  • Acquisition Transactions The Company shall provide the holder of this Warrant with at least twenty (20) days’ written notice prior to closing thereof of the terms and conditions of any of the following transactions (to the extent the Company has notice thereof): (i) the sale, lease, exchange, conveyance or other disposition of all or substantially all of the Company’s property or business, or (ii) its merger into or consolidation with any other corporation (other than a wholly-owned subsidiary of the Company), or any transaction (including a merger or other reorganization) or series of related transactions, in which more than 50% of the voting power of the Company is disposed of.

  • Formation Transactions The Formation Transactions shall have been or shall be consummated substantially concurrently in accordance with the timing set forth in the respective Formation Transaction Documentation.

  • Concurrent Transactions All documents or other deliveries required to be made by Purchaser or Seller at Closing, and all transactions required to be consummated concurrently with Closing, shall be deemed to have been delivered and to have been consummated simultaneously with all other transactions and all other deliveries, and no delivery shall be deemed to have been made, and no transaction shall be deemed to have been consummated, until all deliveries required by Purchaser and Seller shall have been made, and all concurrent or other transactions shall have been consummated.

  • Restructuring Transactions On the Effective Date, the Debtor, Newco, GP, Finance Co and Merger Co shall enter into the Consensual Transaction described in Section 3 of the Implementation Plan attached to the Transaction Support Agreement as Exhibit B. On the later of the Effective Date and the Merger Date, the Debtor and Merger Co will enter into a merger agreement under which the Debtor will merge with Merger Co, and following the merger, the Debtor will be the surviving and successor entity. The actions to implement this Plan and the Implementation Plan may include, in accordance with the consent rights in the Transaction Support Agreement: (a) the execution and delivery of appropriate agreements or other documents of merger, amalgamation, consolidation, restructuring, conversion, disposition, transfer, arrangement, continuance, dissolution, sale, purchase, or liquidation containing terms that are consistent with the terms of the Plan and the Transaction Support Agreement and that satisfy the applicable requirements of applicable law and any other terms to which the applicable Entities may agree; (b) the execution and delivery of appropriate instruments of transfer, assignment, assumption, or delegation of any asset, property, right, liability, debt, or obligation on terms consistent with the terms of the Plan and the Transaction Support Agreement and having other terms for which the applicable parties agree; (c) the filing of appropriate certificates or articles of incorporation, reincorporation, merger, consolidation, conversion, amalgamation, arrangement, continuance, or dissolution pursuant to applicable state or provincial law; (d) the execution and delivery of contracts or agreements, including, without limitation, transition services agreements, employment agreements, or such other agreements as may be deemed reasonably necessary to effectuate the Plan in accordance with the Transaction Support Agreement; and (e) all other actions that the applicable Entities determine to be necessary, including making filings or recordings that may be required by applicable law in connection with the Plan.