Common use of Suspension of Line Clause in Contracts

Suspension of Line. Your ability to draw upon the Line of Credit will be suspended immediately if: (1) the account specifically designated for overdraft protection by you is closed for any reason; (2) your automatic payment transfer to your Line of Credit is canceled for any reason; or (3) we determine that no Line of Credit advances have been made within ninety (90) days from the account establishment or within one (1) year from the last advance. You may request that your Line of Credit be reinstated, upon re-enrolling for automatic payment transfer and upon specifically designating a deposit account with checking account features for overdraft protection.

Appears in 5 contracts

Samples: Becu Credit and Security Agreement, Becu Credit and Security Agreement, Becu Credit and Security Agreement

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