Good Standing; Negative Balances Clause Samples

Good Standing; Negative Balances. If your primary deposit account is suspended, blocked, or closed, your Vaults will not earn or be paid interest. However, if your primary deposit account is suspended or blocked during a calendar quarter, and that suspension or block is subsequently lifted before the end of the calendar quarter, your Vaults will earn and be paid interest for that calendar quarter in accordance with Section 7.d. below. The Available Balance (as defined below) of your Account does not include money in your Vaults. Without limiting any other right or remedy that we may have under this Agreement or otherwise, money in your Vaults may be used by us to cure a negative balance in your primary deposit account or as otherwise provided in Section 14.r. titled “Security Interest & Setoff”. As such, if you have a negative balance in your primary deposit account, as a result of Account fees, overdrafts, or any other reason, and you transfer money from a Vault to your primary deposit account, we will first apply the money you transfer from the Vault to the negative balance in your primary deposit account. We will not use funds in your Vaults, however, to prevent an overdraft of your primary deposit account. Therefore, if you have opted in to and are eligible for Overdraft Protection, you may incur overdraft fees if you overdraw your primary deposit account even if you have funds in your Vaults.