Examples of CRC Facility in a sentence
The CRC Facility and the CRC T&C are subject to review at any time and from time to time as we deem fit irrespective of whether or not an Event of Default has occurred or is continuing.
From the specified termination date, the CRC Facility will be cancelled, and you will no longer be entitled to operate the CRC Account or any of the services provided under the CRC Facility.
We may, at any time, terminate your CRC Facility by giving you the Requisite Notification for termination of the CRC Facility.
If you see other groups abusing the space or using the space when your club is scheduled, first approach a CRC Facility Supervisor for assistance.
Unless and until your CRC Facility is terminated, we have the discretion and as we deem fit, to honour or dishonour, any CRC cheque drawn by you or allow or refuse any transaction (whether effected by the use of the Debit & ATM Card or via the phone banking service or otherwise) under any service or facility provided in connection with your CRC Facility.
If at any time during these Customer’s Terms and Conditions, we discover that there had been an infringement of any laws, regulations or guidelines or that the continued performance of these Customer’s Terms and Conditions will be a violation of any laws, regulations or guidelines, we are entitled to immediately terminate the CRC Facility pursuant to these Customer’s Terms and Conditions.
In the event your CRC Account is overlimit for any reason (including due to interest, fees, costs, charges and/or other sums being debited into your CRC Account), you are required to immediately pay to us all amounts exceeding the prevailing approved limit of your CRC Facility (including any revised limit) and interest at the Applicable Rate on the debit balance of your overdrawn CRC Account.
The approval and granting of the CRC Facility is conditional upon and subject at all times to your representation that any restrictions against the Bank granting you any facilities under applicable laws, regulations or guidelines are not applicable and on the condition that we will not be in breach or contravention of any law, legislation or regulation.
If we notify you of an assignment, novation or transfer and you do not wish to continue your CRC Account, you may within 30 days, after we have given the Requisite Notification for the same, terminate your CRC Facility in accordance with clause 14(a) above.
If you do not terminate your CRC Facility after we have given you the Requisite Notification, you will be deemed to have accepted such assignment, novation or transfer without reservation regardless of whether or not you continue to use the Debit & ATM Card, issue any CRC cheque or otherwise operate the CRC Account after the Requisite Notification.