UNAUTHORIZED OVERDRAFTS. Customer shall not initiate any Customer Transaction requests under this Agreement that would create an unauthorized overdraft in any Customer Accounts. Customer acknowledges and agrees that CIBC FirstCaribbean is under no obligation to and may, in its sole discretion, decline to act upon or to complete, and may, in its sole discretion, reverse, any Customer Transaction request which causes or, in CIBC FirstCaribbean's opinion, could cause any Customer Accounts and/or Payee Accounts to be overdrawn in any unauthorized amount.
UNAUTHORIZED OVERDRAFTS. Unless you have authorized overdraft privileges, overdrafts are not permitted on any of the Accounts. You will not conduct or try to conduct any Transaction that would result in an unauthorized overdraft or increase to an unauthorized overdraft. If any of your Accounts go into an unauthorized overdraft, you agree to pay BlueShore Financial interest on the Overdraft Amount at the higher rate of 24% per annum compounded monthly (an effective annual rate of 26.82%) or BlueShore Financial prime, plus 5%, per year, compounded monthly, up to the maximum effective annual interest rate permissible by law. We may in our discretion, process a Transaction and charge Service Charges to the Accounts, even if an unauthorized overdraft is created or increased. If we do so, it will not constitute permission by us for you to maintain or have future unauthorized overdrafts on the Accounts. You agree to pay to BlueShore Financial the Overdraft Amount. Overdraft Amounts are immediately due and payable to us without need for demand, however, you must pay such Overdraft Amount to us immediately if we make demand for payment. In the event of an Overdraft Amount on any of the Accounts, BlueShore Financial may, in its discretion:
