Transfers from a Linked Line of Credit Sample Clauses

Transfers from a Linked Line of Credit. All transfers from a linked Line of Credit must be in $100.00 increments or the amount of credit available, whichever is less. Charges to a Line of Credit may not exceed the credit available under the terms of the BECU Credit and Security Agreement and we are not required to honor and pay items or transactions that would cause a negative balance in your Accounts: a. If the member’s right to further advances under the BECU Credit and Security Agreement has been suspended or if the BECU Credit and Security Agreement has been terminated. b. After the occurrence of a default in the terms of the BECU Credit and Security Agreement. c. Whenever prohibited by the BECU Credit and Security Agreement or any applicable law.
AutoNDA by SimpleDocs

Related to Transfers from a Linked Line of Credit

  • Transfer of Credits The receiving institution will accept 60 credits from the sending program. A total of 60 credits remain to complete the receiving program.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!