Relationship Waiver for Deposit Accounts Sample Clauses

Relationship Waiver for Deposit Accounts. Relationship Waiver is a feature of certain Accounts that offers monthly maintenance fee waivers on eligible Checking Accounts if the stated requirements are met each statement period. The requirements to receive benefits under Relationship Waiver are provided in your Deposit Account Disclosure and this Agreement. Each month you do not meet the Relationship Waiver requirement for the statement period, you will be charged the monthly maintenance fee for your Accounts, unless you satisfy the requirements for another way to waive the monthly maintenance fee on the particular Account. The following rules apply to Relationship Waiver. We do not automatically link your Accounts or designate Accounts as your Master Account or Linked Plus Accounts. Accounts that appear on a combined statement are not necessarily or automatically linked to your Master Account for purposes of determining your eligibility for Relationship Waiver. An Account may only be linked to one Master Account. Contact your BMO Xxxxxx Banker for more information on Relationship Waiver and to link your Accounts.‌‌‌ If you designate your Wealth Checking Account as your Master Account, the Average Daily Balance in your Wealth Checking Account will determine whether you receive a monthly maintenance fee waiver on your Linked Plus Accounts under Relationship Waiver.
Sample 1
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Relationship Waiver for Deposit Accounts. Relationship Waiver is a feature of certain Accounts that offers monthly maintenance fee waivers on eligible Checking Accounts if the stated requirements are met each statement period. The requirements to receive benefits under Relationship Waiver are provided in your Deposit Account Disclosure, the BMO Xxxxxx Bank Business Service Fee Schedule, and this Agreement and vary based on the Checking Account you designate as your Master Account. Each month you do not meet the Relationship Waiver requirement for the statement period, you will be charged the monthly maintenance fee for your Accounts, unless you satisfy the requirements for another way to waive the monthly maintenance fee on the particular Account. The following rules apply to Relationship Waiver. We do not automatically link your Accounts or designate Accounts as your Master Account or, where applicable, Linked Plus Accounts. Accounts that appear on a combined statement are not necessarily or automatically linked to your Master Account for purposes of determining your eligibility for Relationship Waiver. An Account may only be linked to one Master Account. Contact your BMO Xxxxxx Banker for more information on Relationship Waiver and to link your Accounts. BMO Xxxxxx Select CheckingSM, Xxxxxx Select CheckingSM, Xxxxxx Premier CheckingSM or BMO Xxxxxx Portfolio CheckingSM as Master Account If you designate a BMO Xxxxxx Select CheckingSM, Xxxxxx Select CheckingSM, Xxxxxx Premier CheckingSM or BMO Xxxxxx Portfolio CheckingSM as your Master Account, Relationship Waiver allows you to link eligible Accounts for the purpose of reaching the minimum Combined Balance requirement for your Master Account. Each month you meet the Combined Balance requirement for your Master Account, you will receive a monthly maintenance fee waiver on your Master Account and the associated Linked Plus Accounts.
Sample 1

Related to Relationship Waiver for Deposit Accounts

  • Deposit Account Control Agreements the Deposit Account control agreements to be executed by each institution maintaining a Deposit Account for an Obligor, in favor of Agent, for the benefit of Secured Parties, as security for the Obligations.

  • Deposit Account Control Agreement control agreement satisfactory to Agent executed by an institution maintaining a Deposit Account for an Obligor, to perfect Agent’s Lien on such account.

  • Deposit Accounts and Securities Accounts Set forth on Schedule 4.15 (as updated pursuant to the provisions of the Security Agreement from time to time) is a listing of all of the Loan Parties’ and their Subsidiaries’ Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary (a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person.

  • Deposit Accounts, Securities Accounts and Commodity Accounts Attached hereto as Schedule 14 is a true and complete list of all Deposit Accounts, Securities Accounts and Commodity Accounts (each as defined in the Security Agreement) maintained by each Company, including the name of each institution where each such account is held, the name of each such account and the name of each entity that holds each account.

  • Account Information The account balance and transaction history information may be limited to recent account information involving your accounts. Also, the availability of funds for transfer or withdrawal may be limited due to the processing time for any ATM deposit transactions and our Funds Availability Policy.

  • Deposit Accounts; Securities Accounts The only Deposit Accounts or Securities Accounts maintained by any Grantor on the date hereof are those listed on Schedule 6 (Bank Accounts; Control Accounts), which sets forth such information separately for each Grantor.

  • Account Control Agreements Account Control Agreements for all of Borrower’s deposit accounts and accounts holding securities duly executed by all of the parties thereto, in the forms provided by or reasonably acceptable to Lender.

  • Deposit Accounts For each Deposit Account that any Grantor at any time opens or maintains, other than Deposit Accounts (A) that are payroll accounts, withholdings tax accounts, xxxxx cash accounts or flexible spending benefit accounts or trust, escrow or other fiduciary accounts or (B) which do not hold for any period of five consecutive days, an aggregate amount in excess of $1,000,000, such Grantor shall, upon the Collateral Agent’s request, either (i) cause the depositary bank to agree to comply at any time with instructions from the Collateral Agent to such depositary bank directing the disposition of funds from time to time credited to such Deposit Account, without further consent of such Grantor or any other person, pursuant to an agreement in form and substance satisfactory to the Collateral Agent, or (ii) arrange for the Collateral Agent to become the customer of the depositary bank with respect to the Deposit Account, with the Grantor being permitted, only with the consent of the Collateral Agent, to exercise rights to withdraw funds from such Deposit Account. The Collateral Agent agrees with each Grantor that the Collateral Agent shall not give any such instructions or withhold any withdrawal rights from any Grantor, unless an Event of Default has occurred and is continuing, or, after giving effect to any withdrawal, would occur; provided, however, upon the waiver by the applicable Required Lenders of such Event of Default, so long as no other Event of Default shall then exist or be continuing, the Collateral Agent shall revoke any such instruction. The provisions of this paragraph shall not apply to any Deposit Account for which any Grantor, the depositary bank and the Collateral Agent have entered into a cash collateral agreement specially negotiated among such Grantor, the depositary bank and the Collateral Agent for the specific purpose set forth therein.

  • Deposit Account If you are issued a secured Card, you have signed or will be required to sign a separate security agreement pledging a specific, non-withdrawable portion of your shares and/or deposits in BECU to secure your Card. The amount of the security for such a Card is the amount of your credit limit and you may not have any access to or control of that amount.

  • Blocked Accounts Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;

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