Transaction Account Sample Clauses

Transaction Account. A Customer shall open a transaction account for fund depositing, making of payment transactions and other services in the national payments system.

Transaction Account. Purchaser shall establish a transaction account with Seller (the "Due to Account") for purposes of accepting credits to, and absorbing debits against, the cash balances to be transferred as a result of adjustments made pursuant to this Agreement after the Closing Date. Seller shall be authorized to make the deposits and withdrawals from and to the Due to Account without the signature of Purchaser but only to the extent of the adjustments specifically provided for in this Agreement. Seller shall provide to Purchaser a full record of all transactions in the Due to Account by 8:00 a.m. eastern time of the business day following any such transactions. Any negative (collected) balances in the Due to Account shall represent an advance to Purchaser bearing interest, which shall be debited against the Due to Account at the end of each month at the applicable Federal Funds Rate on the last business day of such month.

Transaction Account. The Sellers and the Servicers acknowledge that the Transaction Account (including all amounts deposited therein from time to time and any investments made with such amounts) is the property of the Purchaser and not of the Sellers or the Servicers.

Transaction Account. 1 When registering a password for use of this service, you shall strictly manage it by your own responsibility so as not to be illegally used by a third party.

Transaction Account. The Trustee will establish a Transaction Account in London in respect of each Series prior to the relevant Issue Date. The Transaction Account shall be operated by the Principal Paying Agent on behalf of the Trustee for the benefit of Certificateholders into which the Obligor will deposit all amounts payable by it to the Trustee pursuant to the terms of the Transaction Documents.

Transaction Account. The Trustee shall have opened, prior to the Issue Date (as specified in the Final Terms) of any Series of Certificates, and shall maintain in its name the relevant Transaction Account in relation to each Series of Certificates which shall be operated by the Principal Paying Agent on behalf of the Trustee for the benefit of the Certificateholders. Subject to the Trustee (or the Obligor on its behalf) having provided the Principal Paying Agent with five (5) business days’ prior notice requesting the opening of the Transaction Account, the Principal Paying Agent shall provide confirmation of the opening of the Transaction Account for each Series and sha l provide the relevant Transaction Account details to the Trustee and the Obligor.

Transaction Account. ‌ 4.1 The Account Bank has opened and is maintaining in the name of the Issuer, the Transaction Account in South Africa as set out in Schedule 1(Transaction Account) 4.2 The Issuer shall not be entitled to close the Transaction Account without the prior written consent of the Security SPV. 4.3 The Transaction Account shall be operated on the terms and subject to the conditions set out in this Agreement, in addition to the Account Bank's normal terms and conditions for operating the Transaction Account. In the event of conflict between the Account Bank's usual terms and conditions and the provisions of this Agreement, the provisions of this Agreement shall prevail.

Transaction Account. The Trustee shall have opened, prior to the Issue Date (as specified in the Final Terms) of any Series of Certificates, and shall maintain in its name the relevant Transaction Account in relation to each Series of Certificates which shall be operated by the Principal Paying Agent on behalf of the Trustee for the benefit of the Certificateholders. Subject to the Trustee (or the Obligor on its behalf) having provided the Principal Paying Agent with five (5) business days’ prior notice requesting the opening of the Transaction Account, the Principal Paying Agent shall provide confirmation of the opening of the Transaction Account for each Series and shall provide the relevant Transaction Account details to the Trustee and the Obligor.

Transaction Account. I understand that this Account is available to customers of Bank of America. To keep my status as a customer, I agree to maintain, in addition to this Account, one of the Bank of America transaction Accounts permitted by you and specified by me in my Account Application for use in connection with purchases and redemptions of Fund shares. Such an account will be referred to as the “Transaction Account”. I understand that, for my protection, the registration of the Transaction Account and this Account must be the same.