Examples of Cashline account in a sentence
Notwithstanding the foregoing, we shall be entitled at all times to correct any errors or omissions in such Cashline statements and to debit or credit your Cashline account, as the case may be.
Legal Fees - all legal fees on a full indemnity basis and all other costs and disbursements in connection with demanding and enforcing payment of moneys due and owing to us under or in connection with the Facilities or any other matters relating to the Facilities or the Cashline account.
Service charge - a service charge or administrative fee of such amount and/or charged at such rate as we may prescribe from time to time, for any service provided by us (including, without limitation, sending you copies of past Cashline statements on request) or any action taken by us in carrying out any of your instructions or requests relating to the operation of your Cashline account, whether such services or actions are referred to or contemplated in these Terms and Conditions or otherwise.
Annual Fee - a non-refundable annual fee at such rate as we may determine, is payable annually in advance for each year or part thereof during which your Cashline account is subsisting.
We shall have the right at any time and without prior notice to you to debit your Cashline account or any of your accounts with us with all withdrawals, payments, transactions and moneys due and owing from you to us under or in connection with the Facilities and interest charges, fees, expenses, legal fees, normal bank charges, costs, expenses, GST and other taxes and levies, amounts overdue in respect of all moneys due and owing from you to us under or in connection with the Facilities.
In addition and without prejudice to any other rights we may have, we may for any reason which we deem justifiable, open a new or separate account (hereinafter called the “new account”) for you in our books and credit (notwithstanding any legal or equitable rule of presumption to the contrary) all or any payments made to us by you or on your behalf to the new account so that such payments shall not reduce the amount owing by you to us in relation to the Cashline account.
Such Increased Interest Rate shall be applied to the outstanding balance in your Cashline account, as well as to the computation of finance charges in respect thereof, from the first working day after the date of the subsequent Cashline account statement following your next Cashline account statement.
The Increased Interest Rate will continue to be applied to your Cashline account unless and until the minimum payments for your Cashline account are made in full for three (3) consecutive months on or before their respective payment due dates as specified in your monthly Cashline statements, upon which the Increased Interest Rate shall be reinstated to the Prevailing Interest Rate with effect from the first working day after the next Cashline statement date.
If you fail to pay at least the minimum payment amount by the payment due date specified in the said Cashline account statement, the interest rate applicable to your Cashline account will be increased by an additional 6% p.a. on top of the Prevailing Interest Rate (“Increased Interest Rate”).
This authorisation shall survive the termination of the Facilities, the Cashline account and these Terms and Conditions.