Holds on Other Funds (Check Cashing Sample Clauses

Holds on Other Funds (Check Cashing. If we cash a check for you that is drawn on another bank, we may withhold the availability of a corresponding amount of funds that are already in your account. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it.
Sample 1Sample 2Sample 3See All (51)
AutoNDA by SimpleDocs
Holds on Other Funds (Check Cashing. If we cash a check for you that is drawn on another financial institution, we may withhold the availability of a corresponding amount of funds that is already in your account. Those funds will be available at the time funds from the check we cashed would have been available, if you had deposited it. For example, if LGFCU cashes a $500 check for you, $500 of funds already in your account may not be available until up to the fifth business day after the day LGFCU cashed the check.
Sample 1Sample 2See All (8)
Holds on Other Funds (Check Cashing. If we cash a check for you that is drawn on another bank, we may place a hold on a corresponding amount of funds that are already in your account. The funds already in your account would then not be available for withdrawal or to pay other items drawn on your account until the applicable hold time has expired. (See “Longer Delays May Apply” above.)
Sample 1Sample 2Sample 3
Holds on Other Funds (Check Cashing. If we cash a check for you that is drawn on another financial institution, we may withhold the availability of a corresponding amount of funds that is already in your account. Those funds will be available at the time funds from the check we cashed would have been available, if you had deposited it. For example, if LGFCU cashes a $500 check for you, $500 of funds already in your account may not be available until up to the fifth business day after the day LGFCU cashed the check. Holds on Other Funds – Other Accounts: If we accept for deposit a check that is drawn on another financial institution, we may make funds from the deposit available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited.
Sample 1Sample 2Sample 3
Holds on Other Funds (Check Cashing. If we cash a check for you that is drawn on another financial institution, we may withhold the availability of a
Sample 1Sample 2
Holds on Other Funds (Check Cashing. If we cash a check that is drawn on another financial institution, we may reduce the Available Balance by a corresponding amount of funds. Those funds will be again added to the Available Balance at the time funds from the check we cashed would have been added to the Available Balance if you had deposited the item.
Sample 1
Holds on Other Funds (Check Cashing. We reserve the right to refuse to cash any check. If we cash a check for you that is drawn on another bank, we may withhold the availability of a corresponding amount of funds that are already in your Account. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it.
Sample 1
AutoNDA by SimpleDocs

Related to Holds on Other Funds (Check Cashing

  • EXCLUDING YOURSELF FROM THE SETTLEMENT How do I exclude myself from the settlement?

  • Distributions Other Than Cash, Shares or Rights Subject to the provisions of Sections 4.11 and 5.9, whenever the Depositary receives any distribution other than a distribution described in Section 4.1, 4.3 or 4.4 on Deposited Securities (but not in exchange for or in conversion or in lieu of Deposited Securities), the Depositary shall cause the securities or property received by it to be distributed to the Owners entitled thereto, after deduction or upon payment of any fees and expenses of the Depositary and any taxes or other governmental charges, in proportion to the number of American Depositary Shares representing such Deposited Securities held by them respectively, in any manner that the Depositary deems equitable and practicable for accomplishing that distribution (which may be a distribution of depositary shares representing the securities received); provided, however, that if in the opinion of the Depositary such distribution cannot be made proportionately among the Owners entitled thereto, or if for any other reason (including, but not limited to, any requirement that the Company or the Depositary withhold an amount on account of taxes or other governmental charges or that securities received must be registered under the Securities Act of 1933 in order to be distributed to Owners or Holders) the Depositary deems such distribution not to be lawful and feasible, the Depositary may adopt such other method as it may deem equitable and practicable for the purpose of effecting such distribution, including, but not limited to, the public or private sale of the securities or property thus received, or any part thereof, and distribution of the net proceeds of any such sale (net of the fees and expenses of the Depositary as provided in Section 5.9) to the Owners entitled thereto, all in the manner and subject to the conditions set forth in Section 4.1. The Depositary may withhold any distribution of securities under this Section 4.2 if it has not received satisfactory assurances from the Company that the distribution does not require registration under the Securities Act of 1933. The Depositary may sell, by public or private sale, an amount of securities or other property it would otherwise distribute under this Section 4.2 that is sufficient to pay its fees and expenses in respect of that distribution. If a distribution under this Section 4.2 would represent a return of all or substantially all the value of the Deposited Securities underlying American Depositary Shares, the Depositary may require surrender of those American Depositary Shares and may require payment of or deduct the fee for surrender of American Depositary Shares (whether or not it is also requiring surrender of American Depositary Shares) as a condition of making that distribution. A distribution of that kind shall be a Termination Option Event.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!