Nature of Account. Each Lock-Box Account constitutes a “deposit account” within the meaning of the applicable UCC.
Nature of Account. 3.1 The Account is a record, or a series of records, maintained by us that shows, at any point in time, the net position of the payments you have made or are required to make to us and the payments we have made or are required to make to you.
Nature of Account. Each Collection Account constitutes a “deposit account” within the meaning of the applicable UCC.
Nature of Account. Custodian warrants and covenants that (i) the Collateral Account constitutes a “Securities Account” within the meaning of Article 8 of the UCC, (ii) the Collateral Account has been established and is maintained with Custodian on its books and records and is maintained and will continue to be maintained as a segregated account, (iii) Custodian is a “Securities Intermediary” within the meaning of Section 8-102 of the UCC, and (iv) all property delivered to Custodian for deposit into the Collateral Account will be promptly credited to such account.
Nature of Account. Each Trust Account constitutes a “deposit account” within the meaning of the applicable UCC.
Nature of Account. A) All investment decisions for the account will be made as the result of joint consultation between the Client and the Investment Advisor (IA) of RCM assigned to the account from time to time, but the Client will have exclusive authority to initiate transactions in the account, unless the client retains an Investment Counsel. The account is neither a discretionary nor a managed account and no discretionary authority will be accepted with respect to the account, except as provided in the attached fee schedule. Neither the IA nor RCM holds itself out with respect to the account as a portfolio manager with discretionary authority.
Nature of Account. A separate Account shall be maintained for each Metal, and all obligations and undertakings herein with respect to any Metal shall be computed and performed separately for each Metal. “Metal” shall mean any precious metal, including but not limited to, gold, silver, platinum, palladium, rhodium, iridium, and ruthenium meeting the applicable specifications provided herein. Umicore may credit or debit quantities of Metal to an Account from time to time to reflect any mutually agreed transaction including, without limitation: (i) Umicore’s acceptance (in its discretion following sample, assay, and such other testing as Umicore deems appropriate) or release of Metal delivered by, to, or for, or on behalf of Customer; (ii) Customer’s purchase or sale of Metal from or to Umicore; (iii) a refining settlement with Customer; or
Nature of Account. If the exercise price is deposited or wired into an account, Issuer understands that such account will not be an interest-bearing deposit account and that the funds shall be transmitted to Issuer without interest. If for any reason the exercise price is returned to Trilogy, Trilogy understands that the exercise price shall not have earned interest and no interest shall be paid to Trilogy.
Nature of Account. Your Spruce Spending Account is a demand deposit checking account established at MetaBank, which means that transfers to or from the account may be made electronically or through checks issued by us. The Spending Account is not a prepaid account or a credit product.
Nature of Account. Your Spruce Savings Account is a savings account established at MetaBank that allows you to set funds aside from your primary Spruce Spending Account. The Savings Account does not constitute a checking account, credit product, or prepaid account.
