Maintaining Available Funds Sample Clauses
The "Maintaining Available Funds" clause requires a party, typically a borrower or account holder, to ensure that a specified minimum amount of funds remains available in a designated account or financial instrument. In practice, this may involve regularly monitoring account balances and making additional deposits if the balance falls below the required threshold. This clause serves to guarantee that sufficient funds are always accessible to meet payment obligations, thereby reducing the risk of default or missed payments.
Maintaining Available Funds. You will maintain a deposit account with available funds to cover any Wire Transfer. If funds are not available, or if the amount of the Payment Order exceeds the Online Banking Wire Transfer Limits at the time the Payment Order is submitted or at any time prior to initiation of the Wire Transfer, the Credit Union may elect not to initiate the Wire Transfer.
Maintaining Available Funds. It is your responsibility to have the available funds to cover your wire request when you initiate the transaction and maintain those funds in the account until the wire transfer is processed. You understand that the withdrawal for the wire transfer is not done until the request is completed, which could be the next day or several days after the initial request. If the funds are not available, the wire transfer will not be completed, and we will attempt to notify you at the contact information you have provided.
Maintaining Available Funds. You will maintain a deposit account with available funds to cover any Wire Transfer. If funds are not available, or if the amount of the Payment Order