Sufficient balance Sample Clauses
The 'Sufficient balance' clause requires that a party, typically an account holder, maintains enough funds in their account to meet their financial obligations under the agreement. In practice, this means the account must have at least the minimum amount necessary to cover payments, fees, or other charges as they become due. This clause ensures that transactions can be processed without interruption and helps prevent defaults or failed payments, thereby reducing the risk of financial shortfalls for the other party.
Sufficient balance. You must fund your Account with at least the minimum initial prepaid balance and maintain an Account balance sufficient to cover all tolls, late fees, and charges for the use of your TollTag™, the vehicle assigned to your TollTag™, and/or the vehicles linked to your Account. Even if you choose the automatic funding option under Section 4(c), you remain responsible for maintaining a sufficient Account balance and bear the consequences permitted by law, which may include placing a block on your vehicle’s registration, prohibiting your further use of NTTA Toll Facilities and certain non-NTTA Toll Facilities, impounding your vehicle, and paying reasonable attorneys’ fees incurred by NTTA to enforce this Agreement or collect amounts due.
Sufficient balance. 9.2.1. You need to have a sufficient balance on your Neocard account before we can process your transfer order, as we will only process your transfer order if we hold or have received sufficient funds in your account.
Sufficient balance. You must fund your Account with at least the minimum initial prepaid balance applicable to your type of TollTag Account and maintain an Account balance sufficient to cover all tolls, late fees, and charges incurred by the vehicle assigned to your TollTag and/or any other vehicles associated with your TollTag or Account, as well as other charges for the use of your TollTag. Even if you choose the automatic funding option under Section 4(c), you remain responsible for maintaining a sufficient Account balance.