Excluded accounts and transactions Sample Clauses

Excluded accounts and transactions. Technical accounts that the Bank may decide to open in its books so as to isolate receivables held against the Client resulting in particular from outstanding payments, in view of their subsequent recovery, are excluded from the agreement. The following shall also be excluded: – accounts under special regimes due to the special regulations governing them; – unless otherwise stipulated, the accounts or sub-accounts that may record loans or lines of credit granted according to the terms of specific agreements and/or including special guarantee(s). Likewise, each of the parties may exclude certain transactions. Finally, when transactions have generated an automatic entry in the account due primarily to IT constraints, such entries may be corrected in order to be isolated, particularly if there are insufficient funds on the account or if the transaction results from of an error.
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Excluded accounts and transactions. Accounts that the Bank may decide to open in its books so as to isolate receivables held against the Client resulting in particular from outstanding payments, in view of their subsequent recovery, are excluded from this account. The following shall also be excluded: - Accounts under special regimes due to the special regulations governing them, - unless otherwise stipulated, the accounts or sub-accounts that may record loans or lines of credit granted according to the terms of specific agreements and/or including special guarantee(s). Similarly, each of the parties may exclude certain transactions, in particular to avoid the current account novation effect. Lastly, if some transactions have given rise to accounting entries made automatically to the account due to IT constraints, said entries may be recovered.
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Excluded accounts and transactions. Accounts that the Bank may decide to open in order to isolate sums owed by you with a view to their subsequent recovery, and particularly sums arising from payment arrears, are excluded from the account. The following are also excluded: Accounts subject to special treatment due to the specific legislation that governs them; Unless otherwise stipulated, accounts or sub-accounts which record loans or credit facilities entered into pursuant to separate agreements and/or combined with one or more special guarantees. Either party may exclude certain transactions, particularly to avoid the novation of any previous arrangements. Finally, if transactions have created automatic entries on the account due to information systems requirements, those entries may be reversed. OPERATION OF THE ACCOUNT ARTICLE 7 - MEANS OF PAYMENT Dans le cas d'opérations en devises, le taux de change appliqué par la Banque sera le cours interbancaire demandé entre banques sur la place de Paris au moment de leur traitement par la Banque augmenté des xxxxx de traitement opérationnels et de la xxxxx de la Banque. Toute opération xxxxxx au débit ou au crédit d'un compte sera convertie de plein droit, sauf convention contraire, dans la monnaie de tenue de compte. ARTICLE 5 -
Sample 1

Related to Excluded accounts and transactions

  • Deposit Accounts and Securities Accounts Set forth on Schedule 4.15 (as updated pursuant to the provisions of the Security Agreement from time to time) is a listing of all of the Loan Parties’ and their Subsidiaries’ Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary (a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person.

  • Deposit Account Transactions (a) The Bank or its Subcustodians will make payments from the Deposit Account upon receipt of Instructions which include all information required by the Bank.

  • Deposit Accounts, Securities Accounts and Commodity Accounts Attached hereto as Schedule 14 is a true and complete list of all Deposit Accounts, Securities Accounts and Commodity Accounts maintained by each Company, including the name of each institution where each such account is held, the name of each such account and the name of each entity that holds each account.

  • Deposit Accounts; Securities Accounts The only Deposit Accounts or Securities Accounts maintained by any Grantor on the date hereof are those listed on Schedule 6 (Bank Accounts; Control Accounts), which sets forth such information separately for each Grantor.

  • Accounts Receivables Each existing Account constitutes, and each hereafter arising Account will, when such Account arises, constitute, the legally valid and binding obligation of the Account Debtor, except where the failure to do so could not reasonably be expected, individually or in the aggregate, to materially adversely affect the value or collectability of the Accounts included in the Collateral, taken as a whole. No Account Debtor has any defense, set-off, claim or counterclaim against any Grantor that can be asserted against the Administrative Agent, whether in any proceeding to enforce the Administrative Agent’s rights in the Accounts included in the Collateral, or otherwise, except for defenses, setoffs, claims or counterclaims that could not reasonably be expected, individually or in the aggregate, to materially adversely affect the value or collectability of the Accounts included in the Collateral, taken as a whole. None of the Grantors’ accounts receivables are, nor will any hereafter arising account receivable be, evidenced by a promissory note or other Instrument (other than a check) that has not been pledged to the Administrative Agent in accordance with the terms hereof.

  • Collateral Accounts Evidence that the Collateral Accounts have been established;

  • Accounts and Notes Receivable Schedule 5.11 sets forth an accurate list of the accounts and notes receivable of the Company, as of the Balance Sheet Date, including any such amounts which are not reflected in the balance sheet as of the Balance Sheet Date, and including receivables from and advances to employees and the Stockholders, which are identified as such. Except to the extent reflected on Schedule 5.11, such accounts, notes and other receivables are collectible in the amounts shown on Schedule 5.11, net of reserves reflected in the balance sheet as of the Balance Sheet Date.

  • Blocked Accounts Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;

  • Accounts and Chattel Paper (a) The names of the obligors, amounts owing, due dates and other information with respect to its Accounts and Chattel Paper are and will be correctly stated in all records of such Grantor relating thereto and in all invoices and Collateral Reports with respect thereto furnished to the Administrative Agent by such Grantor from time to time. As of the time when each Account or each item of Chattel Paper arises, such Grantor shall be deemed to have represented and warranted that such Account or Chattel Paper, as the case may be, and all records relating thereto, are genuine and in all respects what they purport to be.

  • Accounts Receivable; Accounts Payable All accounts receivable of Emergent and its Subsidiaries reflected in the Interim Financial Statements and all accounts receivable that are reflected on the books of Emergent and its Subsidiaries as of the Closing Date (net of allowances for doubtful accounts as reflected thereon and as determined in accordance with GAAP) are obligations arising from sales actually made or services actually performed in the Ordinary Course of Business arising in connection with bona fide arm’s length transactions with Persons who are not Affiliates of Emergent or any of its Subsidiaries, constitute valid undisputed claims and are not, by their terms, subject to defenses, set-offs or counterclaims. Neither Emergent nor any of its Subsidiaries has received written notice from or on behalf of any obligor of any such accounts receivable that such obligor is unwilling or unable to pay a material portion of such accounts receivable. All accounts payable and notes payable of Emergent and its Subsidiaries arose in bona fide arm’s length transactions in the Ordinary Course of Business and with Persons who are not Affiliates of Emergent or any of its Subsidiaries, and no such account payable or note payable is materially delinquent in its payment.

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