Common use of Payment for Transactions/Authorizations Clause in Contracts

Payment for Transactions/Authorizations. On a daily basis, BNY Mellon will notify Stifel of the Transactions on your Ac- count of which BNY Mellon becomes aware. Stifel will make payments to Bank (via BNY Mellon) on your behalf on each Business Day that Stifel receives notice of the Transactions. BNY Mellon will notify Stifel at least once each business day of the daily total of Check, Card, and ACH Transactions to be made to or from your Account. Stifel will add to the Combined Asset Value of your Account the amount of any deposits in ac- cordance with its funds availability policy. Stifel will deduct the amount of any Transactions from the Combined Asset Value of your Account, in the following order of priority: