Transaction Account definition

Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

Transaction Account means any account at a Branch in respect of which deposits therein are withdrawable in practice upon demand or upon which third party drafts may be drawn by the depositor, including checking accounts, negotiable order of withdrawal accounts and money market deposit accounts.

Transaction Account means the account (to the extent maintained) designated as such in the name of the Guarantor held with the Account Bank and maintained subject to the terms of the Bank Account Agreement and the Security Agreement or such other account as may for the time being be in place with the prior consent of the Bond Trustee and designated as such;

Examples of Transaction Account in a sentence

• When you enroll a Registered External Account, you represent that: (a) you are the sole owner or a joint owner of the Registered External Account and/or that you have all necessary legal right, power, and authority to transfer funds between your Eligible Transaction Account and the Registered External Account; and (b) the Registered External Account is located in the United States.

• You can use Online Banking or you can call us if you would like to have your monthly accrued interest transferred to an Eligible Transaction Account.

• Subject to the terms of this Agreement, you can transfer funds between an Eligible Transaction Account and a Registered External Account using Online Banking (“External Transfers”).

• Subject to the terms of this Agreement, you can close your Account at any time for any reason and request transfer of the Account balance to an Eligible Transaction Account or Registered External Account or that we mail you an official check.

• To transfer funds between an Eligible Transaction Account and a Registered External Account, you must first enroll your Registered External Account through Online Banking.

More Definitions of Transaction Account

Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement. (dd) "Transaction Category" shall mean the particular type of repurchase transaction effected hereunder, as determined with reference to the term of the transaction and the categories of Securities that constitute Eligible Securities therefor, which term shall include FICASH I Transactions, FICASH II Transactions, FICASH III Transactions, FITERM I Transactions, FITERM II Transactions, FITERM III Transactions, and such other transaction categories as may from time to time be designated by the Funds by notice to Seller, Custodian and Repo Custodian. 2.

Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement. (dd) "Transaction Category" shall mean the particular type of repurchase transaction effected hereunder, as determined with reference to the term of the transaction and the categories of Securities that constitute Eligible Securities therefor, which term shall include FICASH I Transactions, FICASH II Transactions, FICASH III Transactions, FITERM I Transactions, FITERM II Transactions, FITERM III Transactions, and such other transaction categories as may from time to time be designated by the Funds by notice to Seller, Custodian and Repo Custodian. (ee) "Unconditional Resale Right" shall have the meaning set forth in Paragraph 7(b) of the Master Agreement. (ff) "Valuation Day" shall mean any day on which Repo Custodian is open for business. 2.

Transaction Account means the account in the Trustee’s name held with the Principal Paying Agent, into which the Obligor will deposit all amounts due to the Trustee under the Transaction Documents;

Transaction Account. ’ shall mean one or more accounts, which meet the requirements set in Article IV. Point 8 letter b) of this document and which have successfully passed the process of Verification.

Transaction Account means, in relation to each Series, the non-interest bearing account in London in the Trustee's name maintained with the Principal Paying Agent, details of which are specified in the applicable Final Terms;

Transaction Account means a deposit or account established and maintained by a natural person or persons under an individual or business name for personal, household, or business purposes, on which the depositor or account holder is permitted to make withdrawals by negotiable or transferable instruments, payment orders of withdrawal, or other similar device for the purpose of making payments or transfers to third persons or others, including demand deposits or accounts subject to check, draft, negotiable order of withdrawal, share draft, or other similar item. A transaction account does not include the deposit or account of a partnership having more than three partners, the personal representative of an estate, the trustee of a trust or a limited partnership.

Transaction Account means, in relation to each Series, the non-interest bearing account in London in the Trustee's name held with the Principal Paying Agent and into which Majid Al Futtaim Properties will deposit all amounts due to the Trustee under the Transaction Documents, details of which are specified in the applicable Final Terms; and