Account Facility definition

Account Facility means any billing arrangement between Owner and the Customer, which subject to approval of the Application by Owner, will be administered in accordance with these Terms.
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Account Facility means any billing arrangement agreed between EZY Rental and the Renter, administered in accordance with these Terms.
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Account Facility means the billing arrangement between MPM and the Customer, which subject to approval of the Application by MPM, will be administered in accordance with this Agreement;
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Examples of Account Facility in a sentence

  • Examples of these restrictions would be the greater use of the Debt Management Deposit Account Facility (DMADF – a Government body which accepts local authority deposits), Money Market Funds, guaranteed deposit facilities and strongly rated institutions offered support by the UK Government.

  • Examples of these restrictions would be the greater use of the Debt Management Deposit Account Facility (DMADF – a Government body which accepts local authority deposits), Money Market Funds, and strongly rated institutions.

  • I declare that I am aware that this account does not constitute a Margin Account Facility and all transactions are subjected to the normal rules under the Fixed Delivery and Settlement System or any other system as imposed by the authorities.1.2. I hereby agree and covenant that I may choose to convert an existing trading account to a Collateralised Account subject to there being sufficient collateral in my account or open a new account under the Company’s Nominees account.

  • Examples of these restrictions would be the greater use of the Debt Management Deposit Account Facility (DMO) – a Government body which accepts local authority deposits, Money Market Funds, and strongly rated institutions.

  • Currently this would be AAA rated covered bonds, the Government (Debt Management Account Facility and Treasury Bills and Gilts), other Local Authorities and Public Bodies, such as Police and Fire Authorities, Repos, Registered Landlords, AAA Money Market Funds, and highly credit rated banks (subject to the creditworthiness limits referred to in the appendix 3).

  • Notwithstanding anything to the contrary in this Agreement, no Opinion of Counsel or consent of Certificateholders shall be required in connection with any amendment of this Agreement to provide for a Spread Account Facility; provided that prior to the effectiveness of any such amendment Standard & Poor's and Moody's shall confirm in writing that the rating of the Certificates will not be lowered or withdrawn as a result of such amendment.

  • We declare that we are aware that this account does not constitute a Margin Account Facility and all transactions are subjected to the normal rules under the Fixed Delivery and Settlement System or any other system as imposed by the authorities.1.2. We hereby agrees and covenants that we may choose to convert an existing trading account to a Collateralised Account subject to there being sufficient collateral in our account or open a new account under the Company’s Nominees account.

  • Examples of these restrictions would be the greater use of the Debt Management Deposit Account Facility (DMO) – a Government body which accepts local authority deposits, money Market Funds, and strongly rated institutions.

  • We will issue monthly statements that will set out the transactions on your Card Account Facility for the statement period.

  • We will make available to you a Card Account Facility that allows you to purchase goods from eligible retailers and for us to advance to you the purchase price of the goods.


More Definitions of Account Facility

Account Facility means a credit facility granted to the Customer by Better Rentals for payment of the Fee after acceptance by Better Rentals of the Customer’s Application For Credit.
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Account Facility means a post-paid account whereby we issue an invoice for payment of goods/and or services provided by the Supplier. Only customers who have completed the “Credit Application Form” and are approved by us have an account facility.
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Account Facility means any billing arrangement agreed between us and You.
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Related to Account Facility

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • Linked Account means any controlled disbursement account, controlled balance account or other deposit account maintained by a Collection Account Bank for the Parent, the Performance Guarantor, the Servicer, any Originator or any Affiliate thereof and linked to any Collection Account by a zero balance account connection or other automated funding mechanism or controlled balance arrangement.

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Facility Account means the account of Seller at Bank One, Account ---------------- No. 10-36987.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Liquidity Facility Provider means a Person that is a party to a Liquidity Facility with the Authority with respect to specified Bonds and whose credit rating by each nationally recognized Rating Agency then rating the Class I Bonds is sufficiently high to maintain the then current rating on such Bonds by such Rating Agency or the equivalent of such rating by virtue of guarantees or insurance arrangements.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Available Reserve Account Amount means, with respect to any Transfer Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (after taking into account any interest and earnings retained in the Reserve Account pursuant to subsection 4.15(b) on such date, but before giving effect to any deposit made or to be made pursuant to subsection 4.11(i) to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Blocked Account has the meaning provided in Section 6.13(a)(ii).

  • Credit Card Account means the Account of the Cardmember opened with Maybank for the purpose of this Agreement;

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the amount of cash or other immediately available funds in the Reserve Account (excluding any net investment earnings) on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account on such Payment Date, over (b) the Specified Reserve Account Balance with respect to such Payment Date.

  • Collection Account Agreement means that certain Collection Account Agreement, dated the Closing Date, among the Borrower, the Servicer, the Account Bank, the Administrative Agent and the Collateral Agent, governing the Collection Account and which permits the Collateral Agent on behalf of the Secured Parties to direct disposition of the funds in the Collection Account, as such agreement may be amended, modified or supplemented from time to time in accordance with its terms.

  • Designated Account Bank has the meaning specified therefor in Schedule D-1.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Replacement Liquidity Facility has the meaning set forth in the Intercreditor Agreement.