Common use of Overdrawn Accounts Clause in Contracts

Overdrawn Accounts. 9.1 Should your account become overdrawn then you will be in breach of this Agreement. The overdrawn amount will be immediately payable by you to us, without demand having to be made and we may levy interest on the overdrawn amount at the rate prescribed by the Prescribed Rate of Interest Act No. 55 of 1975 (“xxxx interest“) from the date that the account becomes overdrawn to date of payment. 9.2 In the event that your account becomes overdrawn you hereby authorise us to: 9.2.1 set off any amount owed to us under this Agreement against any amount owed to you; 9.2.2 from time to time debit any account that you hold with us or Our Affiliates in respect of these fees; 9.2.3 from time to time sell all or a portion of your Financial Products or Krugerrands in order to settle any debt owed to us by you, on the terms and conditions as contained in the Cession and Pledge clause below; and 9.3 you understand the rules applicable to overdrawn accounts set out in this Agreement.

Overdrawn Accounts. 9.1 9.1. Should your account become overdrawn then you You will be in breach of this Agreementthese Rules. The overdrawn amount will be immediately payable by you You to us, without demand having to be made and we may levy interest on the overdrawn amount at the rate prescribed by the Prescribed Rate of Interest Act No. 55 of 1975 (“xxxx interest“) from the date that the account becomes overdrawn to date of payment. 9.2 9.2. In the event that your account becomes overdrawn you You hereby authorise us to: 9.2.1 9.2.1. set off any amount owed to us under this Agreement these Rules against any amount owed to youYou; 9.2.2 9.2.2. from time to time debit any account that you You hold with us or Our Affiliates our affiliates in respect of these fees; 9.2.3 9.3. from time to time sell all or a portion of your Financial Products or Krugerrands in order to settle any debt owed to us by you, on the terms and conditions as contained in the Cession and Pledge clause below; and 9.3 you understand 9.4. You authorise and instruct us to carry out the rules applicable to overdrawn accounts set out in this Agreementactions described above each time your account becomes overdrawn.

Overdrawn Accounts. 9.1 8.1. Should your you instruct us to process a transaction which results in Your account become being overdrawn then you will be in breach of this Agreement. The overdrawn amount will be immediately payable by you to us, without demand having to be made and we may levy interest on the overdrawn amount at the rate prescribed by the Prescribed Rate of Interest Act No. 55 of 1975 (“xxxx interest“) from the date that the account becomes overdrawn to date of payment. 9.2 8.2. In the event that your Your account becomes overdrawn you hereby authorise us to: 9.2.1 8.2.1. set off any amount owed to us under this Agreement against any amount owed to you; 9.2.2 8.2.2. from time to time debit any account that you hold with us or Our our Affiliates in respect of these fees; 9.2.3 8.2.3. from time to time sell all or a portion of your Your Financial Products or Krugerrands krugerrands in order to settle any debt owed to us by you, on the terms and conditions as contained in the Cession and Pledge clause below; and. 9.3 you 8.3. You understand the rules applicable to overdrawn accounts set out in this Agreement.

Overdrawn Accounts. 9.1 11.1. Should your account become overdrawn then you will be in breach of this Agreement. The overdrawn amount will be immediately payable by you to us, without demand having to be made and we may levy interest on the overdrawn amount at the rate prescribed by the Prescribed Rate of Interest Act No. 55 of 1975 (“xxxx interest“) from the date that the account becomes overdrawn to date of payment. 9.2 11.2. In the event that your account becomes overdrawn you hereby authorise us to: 9.2.1 11.2.1. set off any amount owed to us under this Agreement against any amount owed to you; 9.2.2 11.2.2. from time to time debit any account that you hold with us or Our our Affiliates in respect of these fees; 9.2.3 11.2.3. from time to time sell all or a portion of your Financial Products or Krugerrands in order to settle any debt owed to us by you, on the terms and conditions as contained in the Cession and Pledge clause below; and 9.3 you 11.3. You understand the rules applicable to overdrawn accounts set out in this Agreement. 11.4. You authorise and instruct us to carry out the actions described above each time your account becomes overdrawn.

Overdrawn Accounts. 9.1 10.1. Should you instruct us to process a transaction which results in your account become being overdrawn then you will be in breach of this Agreement. The overdrawn amount will be immediately payable by you to us, without demand having to be made and we may levy interest on the overdrawn amount at the rate prescribed by the Prescribed Rate of Interest Act No. 55 of 1975 (“xxxx interest“) from the date that the account becomes overdrawn to date of payment. 9.2 10.2. In the event that your account becomes overdrawn you hereby authorise us to: 9.2.1 10.2.1. set off any amount owed to us under this Agreement against any amount owed to you; 9.2.2 10.2.2. from time to time debit any account that you hold with us or Our our Affiliates in respect of these fees; 9.2.3 10.2.3. from time to time sell all or a portion of your Financial Products or Krugerrands in order to settle any debt owed to us by you, on the terms and conditions as contained in the Cession and Pledge clause below; and 9.3 you 10.3. You understand the rules applicable to overdrawn accounts set out in this Agreement.