Common use of Provisional Credits Clause in Contracts

Provisional Credits. Any provisional credit to an Account based on a deposit slip is subject to change, and Royal Bank may debit or credit the Account, to the extent necessary based on Royal Bank’s actual count or determination of the contents of each bag. Any note, coin, or Instrument that requires conversion from one currency to another will be converted at the time it is counted by Royal Bank using the applicable currency conversion rate established for such purpose by Royal Bank, in its discretion, at that time. Any provisional credit to an Account will be changed, and Royal Bank may debit or credit the Account, to the extent necessary to reflect the amount of funds converted and to deduct any conversion fees.

Provisional Credits. Any provisional credit to an Account based on a deposit slip is subject to change, and Royal the Bank may debit or credit the Account, to the extent necessary based on Royal Bank’s Bank actual count or determination of the contents of each bag. Any note, coin, or Instrument that requires conversion from one currency to another will be converted at the time it is counted by Royal the Bank using the applicable currency conversion rate established for such purpose by Royal the Bank, in its discretion, at that time. Any provisional credit to an Account will be changed, and Royal the Bank may debit or credit the Account, to the extent necessary to reflect the amount of funds converted and to deduct any conversion fees.