Opening Account Clause Samples
The "Opening Account" clause defines the terms and conditions under which a party may establish an account with another party, typically a financial institution or service provider. It outlines the necessary steps, such as submitting required documentation, meeting eligibility criteria, and agreeing to the institution’s policies. This clause ensures that both parties understand the prerequisites and procedures for account creation, thereby reducing misunderstandings and establishing a clear foundation for the business relationship.
Opening Account. We shall open and maintain the Account. The Account shall comprise:
(a) an Allocated Account in respect of Gold which you ask us to hold for you on an allocated basis; and
(b) an Unallocated Account in respect of Gold which you ask us to hold for you on an unallocated basis, which together shall be treated as a single account for all purposes of this Agreement unless the context requires otherwise.
Opening Account. The purpose of this Participation Agreement is to establish an Account for the Federal Qualified Higher Education Expenses of the Beneficiary named in the Enrollment Form.
Opening Account. 2.1. To open an account Client must fill in registration form on Company Website: ▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇.
2.2. Client accepts conditions of the Agreement, Regulation and Notice of risk.
Opening Account. Custodian shall open and maintain the Account for the beneficial interests in the Shares beneficially held by Investor.
Opening Account. The purpose of this Participation Agreement is to establish an account for the Qualified Disability Expenses of the Account Owner named in the Enrollment Form.
Opening Account. The Record Owner shall open and maintain the Account for the beneficial interests in the Sharesbeneficially held by Investor.
Opening Account. Pursuant to Section 6 of that certain Investor Agreement, agreed to by Investor concurrently with this Agreement and available at ▇▇▇▇▇://▇▇▇▇▇▇▇▇.▇▇▇/terms#investor (“Investor Agreement”), Investor has assigned Investor’s legal interest in the Securities to Custodian, in Custodian's capacity as a securities intermediary. Contemporaneously with ▇▇▇▇▇▇▇▇▇'s receipt of the legal interests in the Securities corresponding to the Investor's beneficial ownership of the Securities, Custodian shall open and maintain the Account.
Opening Account. Once Customer has completed the Enrollment Process, they will be issued a Tiphaus ETA Business Account. The purpose of the Tiphaus ETA Business Account is a commercial bank account used to fund the ETA TM Program. A commercial checking account will be opened on behalf of the Customer. There is no minimum balance requirement for opening or maintaining the Tiphaus ETA Business Account. We allow “DBA” Business Accounts for businesses where the business is conducted and presented to the public via a name that is not the legal entity name of the business.
Opening Account. 1. The Company opens the current overdraft specific account as prescribed above for the purpose of the current account overdraft transaction under this agreement.
2. The current overdraft specific account prescribed above shall be operated only for the use of current overdraft from the Bank and shall not be operated for drawing or accepting checks or for automatic payments of public charges.