Common use of INAPPLICABLE RESTRICTIONS Clause in Contracts

INAPPLICABLE RESTRICTIONS. Except to the extent otherwise provided in this Service Description, Client understands that transfers provided under this Service Description will occur without regard to any withdrawal or access restrictions otherwise applicable to the Deposit Accounts or the Loan Account. Client agrees that any arrangements with the Bank to restrict access to the Deposit Accounts or the Loan Account do not impact the Bank’s ability to sweep funds or make payments as provided in this Automated Sweep Service Description.

Appears in 5 contracts

Samples: Management Services Agreement, Management Services Agreement, www.mechanicsbank.com

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