Common use of No Consumer Accounts Clause in Contracts

No Consumer Accounts. Customer acknowledges, represents, warrants, and agrees that all accounts that will be accessed under this Agreement are not accounts established primarily for personal, family or household purposes. Accordingly, the provisions of the EFTA, Regulation E, the consumer provisions of the federal Xxxxx- Xxxxx-Xxxxxx Act, and any other laws or regulations intended for the protection of or governance of transactions involving consumers or consumer accounts do not apply to any transactions involving Accounts subject to this Agreement, except to the extent such provisions are expressly set forth herein or are required by law. Bank may terminate this Agreement immediately and without notice to Customer if Bank becomes aware that Customer is using the Services or the Account(s) for personal, family or household purposes or for other purposes subject to EFTA and Regulation E, unless expressly permitted by Bank.

Appears in 5 contracts

Samples: Management Services Agreement, Management Services Agreement, Management Services Agreement

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