Common use of Transfers from a Linked Line of Credit Clause in Contracts

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.

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 availableAvailable Balance, 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 cau se 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.