Next We Reduce Your Deposit Account’s Available Balance by the Amount of Pending Authorization Holds Sample Clauses

Next We Reduce Your Deposit Account’s Available Balance by the Amount of Pending Authorization Holds. After we post credits to your deposit account, we next deduct from the available balance the amount of any pending authorization holds applied to your deposit account that Business Day. Funds held in this manner are unavailable for payment of Debit Transactions while the authorization remains pending. The amount of this hold may not be equal to the amount ultimately presented by the merchant for payment. For example, certain merchants (such as hotels and gas stations that offer “pay at the pump”) may request an authorization amount that exceeds the price of the goods or services ultimately purchased. Other merchants (such as restaurants) may not include potential additional amounts (such as a gratuity) in the authorization request. If a pending Debit Transaction is not presented for payment within 48 hours after our authorization and application of the pending authorization hold to your deposit account, we will release the pending authorization hold.
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Related to Next We Reduce Your Deposit Account’s Available Balance by the Amount of Pending Authorization Holds

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • Definitions For purposes of this Agreement:

  • Entire Agreement This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

  • Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.

  • General The Trustee shall keep proper books of record and account of all the transactions of each Trust under this Indenture at its corporate trust office, including a record of the name and address of, and the Units issued by each Trust and held by, every Unit holder, and such books and records of each Trust shall be open to inspection by any Unit holder of such Trust at all reasonable times during the usual business hours. The Trustee shall make such annual or other reports as may from time to time be required under any applicable state or federal statute or rule or regulations thereunder.

  • NOW, THEREFORE the parties hereto agree as follows:

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