Common use of INTEREST AND SERVICE CHARGE Clause in Contracts

INTEREST AND SERVICE CHARGE. 11(a). The Bank may, at its discretion, credit, or not credit, my/our account(s) with interest. I/we hereby authorize the Bank to credit my/our account(s) with the amounts accrued as interest if and when the same becomes due. The Bank is indemnified and exonerated from all claims and demands with respect to any act or omission that may arise with respect to the crediting of interest thereon. 11(b). The Bank may also charge debit interest and any other service charge at its discretion for keeping and operating my/our account(s) and the Bank is hereby authorized to debit the said account(s) with the amounts so charged.

INTEREST AND SERVICE CHARGE. 11(a12(a). The Bank may, at its discretion, credit, or not credit, my/our account(s) with interest. I/we hereby authorize the Bank to credit my/our account(s) with the amounts accrued as interest if and when the same becomes due. The Bank is indemnified and exonerated from all claims and demands with respect to any act or omission that may arise with respect to the crediting of interest thereon. 11(b12(b). The Bank may also charge debit interest and any other service charge at its discretion for keeping and operating my/our account(s) and the Bank is hereby authorized to debit the said account(s) with the amounts so charged.

INTEREST AND SERVICE CHARGE. 11(a). The Bank may, at its discretion, credit, or not credit, my/our my account(s) with interest. I/we I hereby authorize the Bank to credit my/our my account(s) with the amounts accrued as interest if and when the same becomes due. The Bank is indemnified and exonerated from all claims and demands with respect to any act or omission that may arise with respect to the crediting of interest thereon. 11(b). The Bank may also charge debit interest and any other service charge at its discretion for keeping and operating my/our my account(s) and the Bank is hereby authorized to debit the said account(s) with the amounts so charged.