Suspended Account definition
Examples of Suspended Account in a sentence
All Sale IDRs subject to a Suspended Account shall be extinguished/ cancelled immediately upon such demat account ceasing to be suspended.
Simultaneously, the Domestic Depository shall also intimate the Security Depositories to make the necessary changes to the securities account of the relevant IDR Holders and extinguish the Sale IDRs held in demat form, except in the case of (i) Encumbered IDRs; and (ii) Sale IDRs subject to a Suspended Account.
Provider is not responsible for failure to provide Services that occur during any period of time in which any of the following conditions exist: • Suspended Account – Provider is not responsible for providing services during any time period in which Client’s account is suspended for non-payment.
If Customer’s account is more than sixty (60) days overdue (except with respect to charges then under good faith dispute), in addition to any other rights and remedies, Athena reserves the right to (a) subject the Customer Account to a Suspended Account status, until such outstanding amounts are paid in full by Customer, and (b) rescind any pricing designated in the relevant Order Form as promotional or one-time offer.
A Suspended Account or Cancelled Account does not remove the Customer's obligation to pay those amounts outstanding to the date of such suspension or cancellation or thereafter for the remainder of the Term or Renewal Term, as the case may be.