Operation of the Account. The operation of the account shall be assigned to the Customer, the Customer’s representative, the Customer’s legal deputy or the Customer’s attorney, and no expiration of the capacity of whosoever operates the Customer’s account shall be recognized unless the Bank receive a written notification from the Customer amending the current instructions.
Operation of the Account. 6.1. Prior to the occurrence of a Declared Default which is continuing, the Accounts shall not be blocked and the Pledgor shall be authorised to freely manage and operate the Accounts (including but not limited to disposing of the Pledged Assets and opening and closing Accounts). The Pledgee shall not be entitled to operate the Accounts during this period.
6.2. After the occurrence of a Declared Default which is continuing, the authorisation referred to in Clause 6.1 may, at any time, be revoked by the Pledgee by giving written notice to the Bank, substantially in the form set out in Schedule 3 (the “Blocking Notice”); the revocation shall become automatically effective upon receipt of the Blocking Notice by the Bank. Upon the blocking of the Accounts, the Pledgor and the Pledgee agree that the Bank shall not act upon any instructions of the Pledgor and shall act only upon instructions of the Pledgee.
Operation of the Account. 6.1 You can give us instructions either verbally by calling our Customer Service Centre or in writing by sending an e-mail by logging into your internet banking account. Generally we cannot change or stop an instruction given by you over the telephone or through the website (unless we inform you otherwise) because we start processing instructions when we receive them. If we are able to cancel your instructions we may charge you we will confirm the charges to you before we process your request for cancellation.
6.2 Before we act on instructions given by you by telephone or through the website you will have to answer the security questions which we may ask you. Please also see section 8 (Security and Access). You agree that as long as we are given correct answers to the security questions referred to above and User ID & password (for internet banking through the website) as part of our security procedures, we can (without getting further confirmation from you) act on any instruction to make payments into or out of an account; and release confidential information we hold about you and your accounts.
6.3 When you transfer money to your HiSAVE Fixed Rate Account, we are sometimes given value for a payment before the transferring bank has checked that there are sufficient funds in your nominated linked account. The transferring bank (or BACS in some cases) may reclaim the payment and we will need to take the amount of this payment out of your HiSAVE Fixed Rate Account along with the interest which we might have paid.
6.4 The clearing cycle is the time taken for money paid from or to your account to be deducted or added. Each UK cheque paid into ICICI Bank UK accounts clear on the sixth working day from the date of the deposit of the cheque. Whilst we may credit such amounts to your account on the date of presentation, the funds will be available to withdraw on the fourth working day from the date of the deposit for both current and savings accounts. The amount deposited will start earning interest from the second working day of the deposit for all types of savings and fixed rate accounts. If the bank, building society or other organisation that the cheque was drawn on decides not to honour it, they will explain the reason for non-payment. Thereafter, we will deduct the amount of the cheque from your balance no later than the end of the sixth business day after it was added to your balance. In all circumstances, you shall be the owner of funds on the sixth workin...
Operation of the Account. All transactions executed on my/our instructions on the floor of the Exchanges and/or over-the-counter shall be subject to a transaction levy, if applicable, and any other levies that Exchanges from time to time may impose. You are authorized to collect any such levies in accordance with the Rules prescribed by the Exchanges from time to time.
Operation of the Account. BRED shall hold the financial instruments and cash owned by the CLIENT and record transactions executed upon orders given by the CLIENT in such a way as to safeguard the CLIENT’s property. The Account is operated under instruction from the CLIENT or their authorised representative(s). BRED shall not interfere in the management of the securities. All transactions likely to be executed in connection with the operation of a financial instruments account can be recorded in the Account.When the Account’s operation is subject to special conditions, such conditions shall be stated in the Specific Conditions. BRED will perform day-to-day administrative tasks on behalf of the CLIENT or his representative, particularly the collection of income.
Operation of the Account. The Issuer shall debit to the Account the amount of each Transaction, Cash Advance, charges, any Account fee and interest at the relevant Interest Rate, which has accrued under this agreement. If a merchant contacts the Issuer for confirmation that the Issuer will pay a proposed Transaction and the Issuer so authorize the merchant, the amount of the authorised Transaction will immediately reduce the amount of credit available on the account even though the Transaction has yet to be debited to the Account. Once the card has been used for a Transaction, the Transaction cannot be cancelled or stopped. Subject as provided, interest will be charged on the amount of each Transaction and Cash Advance on a daily basis from the date any such amount is debited to the Account until full repayment is credited to the Account. Where any merchant involved in a Transaction becomes liable to make any refund to the Cardholder, the Issuer shall credit the Account with the amount to be refunded only on the receipt of a properly issued refund voucher or other appropriate verification of the refund by that merchant. The Issuer may decide not to give authorization on Transaction requests if:
Operation of the Account. BMO InvestorLine has the right to determine in its discretion whether or not any order for Transactions in Securities for the BMO InvestorLine Account is acceptable and whether to execute such order. BMO InvestorLine may restrict trading in the BMO InvestorLine Account at any time at its sole discretion. BMO InvestorLine may amend orders for Transactions in Securities on their ex-dividend date. Subject to the provisions of Part C, BMO InvestorLine will promptly credit to the Bank Account any dividends, interest and capital distributions on or in respect of Securities held in the BMO InvestorLine Account, which are paid by cheque, cash, electronic transfer or other immediately available funds, and any monies (net of all commissions and the fees, charges and taxes) received as proceeds from Transactions in Securities held in the BMO InvestorLine Account. These credits will be viewable to the Client online the day after receipt by BMO InvestorLine, or as soon as practicable depending on the nature of the Transactions. As BMO InvestorLine offers Canadian and US dollar denominated non-registered and registered accounts (excluding US dollar Registered Education Savings Plans accounts), the currency denomination of any Security held or of funds that are deposited into an account (including dividends, interest and proceeds from the sale of Securities), will be converted into Canadian dollars or US dollars if they are in a currency denomination that differs from the currency of the account in which they are held or deposited. BMO InvestorLine (or parties related to us) will earn revenue from the currency, consistent with our fee schedule. The Client acknowledges that it is the Client’s responsibility to instruct BMO InvestorLine as to the side of the account (US dollar or Canadian dollar) that the Client’s Securities are to be held or in which the deposit is to be made. Any dividends paid by an issuer of a Security held in the Investment Account will be credited through a cash deposit (even if the issuer of the dividend offers a stock payment option), in the currency denomination in which the issuer of the Security declares the dividend (even if the issuer of the Security provides shareholders the ability to elect to receive the dividend payment in an alternate currency). The cash dividend deposit may be subject to conversion to Canadian dollars or US dollars depending on the side of the account the underlying Security is held. For example, if the currency in which...
Operation of the Account. (a) The Broker will credit to the Accounts any interest, dividends or other monies received in respect of Securities held in the Accounts and any monies received as proceeds from the sale or other disposition of Securities from the Account (net of all applicable commissions and fees) and will debit from the Account any amounts, including interest, owed by the Customer to The Broker pursuant to this Agreement.
(b) For the purposes of this Agreement “Indebtedness” means, at any time, any indebtedness of the Customer to The Broker represented by the debit balance, if any, in the Accounts at that time.
Operation of the Account. (S)
5.1 Payment Transactions from the Account can be executed:
(i) to another Account in the System;
(ii) to European Union Member State or in a State party to the agreement on the European Economic Area or an equivalent third country that imposes the equivalent requirements regarding money laundering and the financing of terrorism;
(iii) to accounts in other electronic payment systems/financial institutions (also banks).
5.1.1. When execution of Payment Transaction requires currency exchange, Vorapay may apply exchange rates determined by Vorapay and valid at the execution moment of Payment Transaction.
Operation of the Account. 10.1. The Issuer shall debit to the account the amount of each transaction, cash advance, charges, any account fee and interest at the relevant Interest rate, which has accrued under this agreement.
10.2. If any merchant contacts the Issuer for confirmation that the Issuer will pay a proposed transaction and the Issuer so authorize the merchant, the amount of the authorized transaction will immediately reduce the amount of credit available in the account even though the transaction is yet to be debited to the account.
10.3. Once the card has been used for a transaction, the transaction cannot be cancelled or stopped. Subject as provided, interest will be charged on the amount of each transaction and cash advance on a daily basis from the date any such amount is debited to the account until full repayment is credited to the account.
10.4. Where any merchant involved in a transaction becomes liable to make any refund to the Cardholder, the Issuer shall credit the account with the amount to be refunded only on the receipt of a properly issued refund voucher or other appropriate verification of the refund by that merchant.
10.5. The Issuer may decide not to give authorization on Transaction requests if:
a. the card has been reported as lost or stolen, or the Issuer has reason to suspect it is lost or stolen;
b. the Cardholder has defaulted in any part of this agreement;
c. the Cardholder has used the card after the “available credit” has been exceeded. The available credit includes authorization transactions, including those not yet charged to the Cardholder's account. The “available credit” on the account will be based on the approved credit limit, amount debited to the account which remain unpaid and payments received which are paid into the Cardholder's account. The Issuer reserves the right not to adjust the available credit by the amount of any payment received until such value has been given to such payments.
