Transfers/Withdrawals Clause Samples
The Transfers/Withdrawals clause governs the conditions and procedures under which funds or assets can be moved or withdrawn from an account or arrangement. It typically outlines who is authorized to initiate transfers or withdrawals, any limits or restrictions on such actions, and the required notice or documentation. This clause ensures that all parties understand the rules for accessing or moving funds, thereby preventing unauthorized transactions and promoting financial security and clarity.
Transfers/Withdrawals. Save as otherwise agreed in writing with the Agent, the Relevant Obligors shall ensure that where this Schedule expressly provides for the making of payments to, or withdrawals or transfers from any Account or sub-account, no other payments to, or, as the case may be, other withdrawals or transfers from, such Account or sub-account shall be made except as expressly permitted under this Schedule or under the Finance Documents.
Transfers/Withdrawals. Save as otherwise agreed in writing with the Intercreditor Agent, where this Schedule expressly provides for the making of payments to, or withdrawals or transfers from any Account, no other payments to, or, as the case may be, other withdrawals or transfers from, such Account shall be made except as expressly permitted under this Schedule or under the Security Documents.
Transfers/Withdrawals. You may make funds transfers to your other accounts as often as you like. However, according to Regulation D requirements, transfers from a Savings or Money Market account will be limited to a total of six (6) in any one month. You may transfer up to the available balance in your account. The Credit Union reserves the right to refuse any transaction that would draw upon insufficient or unavailable funds. The Credit Union may set other limits on the amount of any transaction and you will be notified of those limits.
Transfers/Withdrawals