Common use of Holding Balance Clause in Contracts

Holding Balance. i. Funds, other than funds denominated in Euro, may be maintained in the Payment Account for a maximum period of seventy-five (75) days. The Account Holder shall be responsible for all risks (including without limitation, fluctuations in the value of currency held) associated with maintaining Holding Balances in one or more currencies. ii. If Finductive does not receive a timely Instruction for the disposition of any funds denominated in a currency other than Euro, prior to the expiry of the seventy-five (75) day period, Finductive may, unless otherwise agreed in writing: a) apply a charge to any Holding Balance denominated in a currency other than Euro, which is retained in the Payment Account for seventy-five (75) days or more (the “Aged Holding Balance”) equal to the lesser of: (i) €50; and (ii) the value of the Aged Holding Balance, such charge to be satisfied from the proceeds of the Aged Holding Balance; or b) Convert the Aged Holding Balance into the equivalent Euro amount at the applicable exchange rate; and/or c) return any remaining funds from the Aged Holding Balance (following the application of the cancellation charge as detailed in 4.2.9. (ii)) to the Account Xxxxxx’s notified account.

Holding Balance. i. Funds, other than funds denominated in Euro, may be maintained in the Payment Account for a maximum period of seventy-five (75) days. The Account Holder shall be responsible for all risks (including without limitation, fluctuations in the value of currency held) associated with maintaining Holding Balances in one or more currencies. ii. If Finductive does not receive a timely Instruction for the disposition of any funds denominated in a currency other than Euro, prior to the expiry of the seventy-five (75) day period, Finductive may, unless otherwise agreed in writing: a) apply a charge to any Holding Balance denominated in a currency other than Euro, which is retained in the Payment Account for seventy-five (75) days or more (the “Aged Holding Balance”) which is equal to the lesser of: (i) €50; and (ii) the value of the Aged Holding Balance, such charge to be satisfied from the proceeds of the Aged Holding Balance; or b) Convert the Aged Holding Balance into the equivalent Euro amount at the applicable exchange rate; and/or c) return any remaining funds from the Aged Holding Balance (following the application of the cancellation charge as detailed in 4.2.9. (ii)) to the Account XxxxxxClient’s notified account.

Holding Balance. i. Funds, other than funds denominated in Euro, may be maintained in the Payment Account for a maximum period of seventy-five (75) days. The Account Holder shall be responsible for all risks (including without limitation, fluctuations in the value of currency held) associated with maintaining Holding Balances in one or more currencies. ii. If Finductive does not receive a timely Instruction for the disposition of any funds denominated in a currency other than Euro, prior to the expiry of the seventy-five (75) day period, Finductive may, unless otherwise agreed in writing: a) apply a charge to any Holding Balance denominated in a currency other than Euro, which is retained in the Payment Account for seventy-five (75) days or more (the “Aged Holding Balance”) equal to the lesser of: (i) €50; and (ii) the value of the Aged Holding Balance, such charge to be satisfied from the proceeds of the Aged Holding Balance; or b) Convert the Aged Holding Balance into the equivalent Euro amount at the applicable exchange rate; and/or c) return any remaining funds from the Aged Holding Balance (following the application of the cancellation charge as detailed in 4.2.9. (ii)) to the Account XxxxxxHolder’s notified account.

Holding Balance. i. Funds, other than funds denominated in Euro, may be maintained in the Payment Account for a maximum period of seventy-five (75) days. The Account Holder shall be responsible for all risks (including without limitation, fluctuations in the value of currency held) associated with maintaining Holding Balances in one or more currencies. ii. If Finductive does not receive a timely Instruction for the disposition of any funds denominated in a currency other than Euro, prior to the expiry of the seventy-five (75) day period, Finductive may, unless otherwise agreed in writing: a) apply a charge to any Holding Balance denominated in a currency other than Euro, which is retained in the Payment Account or part thereof held by Finductive for seventy-five (75) days or more (the “Aged Holding Balance”) equal to the lesser of: (i) €50; and (ii) the value of the Aged Holding Balance, such charge to be satisfied from the proceeds of the Aged Holding Balance; or b) Convert the Aged Holding Balance into the equivalent Euro amount at the applicable exchange rate; and/or c) return any remaining funds from the Aged Holding Balance (following the application of the cancellation charge as detailed in 4.2.9. (ii)) to the Account XxxxxxClient’s notified account.

Holding Balance. i. Funds, other than funds denominated in Euro, may be maintained in the Payment Account for a maximum period of seventy-five (75) days. The Account Holder shall be responsible for all risks (including without limitation, fluctuations in the value of currency held) associated with maintaining Holding Balances in one or more currencies. ii. If Finductive does not receive a timely Instruction for the disposition of any funds denominated in a currency other than Euro, prior to the expiry of the seventy-five (75) day period, Finductive may, unless otherwise agreed in writing: a) : apply a charge to any Holding Balance denominated in a currency other than Euro, which is retained in the Payment Account for seventy-five (75) days or more (the “Aged Holding Balance”) equal to the lesser of: (i) €50; and (ii) the value of the Aged Holding Balance, such charge to be satisfied from the proceeds of the Aged Holding Balance; or b) or Convert the Aged Holding Balance into the equivalent Euro amount at the applicable exchange rate; and/or c) and/or return any remaining funds from the Aged Holding Balance (following the application of the cancellation charge as detailed in 4.2.9. (ii)) to the Account Xxxxxx’s notified account.