Depository Checking Account. The term “Depository Checking Account” shall mean any and all accounts opened and maintained by Franchisee as required pursuant to paragraph 9.04 hereof, and as further defined in the Operations Manual, at a bank or other financial institution that is a participating member of the Automated Clearinghouse (“ACH”) network or such other network or system as may be directed by Franchisor.
Appears in 2 contracts
Sources: Franchise Agreement (WCI Communities, Inc.), Franchise Agreement (WCI Communities, Inc.)