Agency Account definition

Agency Account means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1.

Agency Account has the meaning assigned to such term in Section 5.08(c)(v).

Agency Account means an account of the Borrower maintained by it with a Clearing Bank pursuant to an Agency Account Agreement.

Examples of Agency Account in a sentence

• The Custodian shall further have a right of offset against the balances in any Agency Account maintained hereunder to the extent that the aggregate of all Principal Accounts is overdrawn.

• Any credit made to any Principal or Agency Account before actual receipt of cleared funds shall be provisional and may be reversed by the Custodian in the event such payment is not actually collected.

• Any credit made to any Principal or Agency Account or any other Fund account before actual receipt of cleared funds shall be provisional and may be reversed by the Custodian or its Sub-custodian in the event such payment is not actually collected.

• Employees' payroll deductions and employer's share of fringe benefits were deposited in the Payroll Agency Account.

• An Agency Account is revocable at any time by notifying us in writing.

More Definitions of Agency Account

Agency Account means an account to which funds may be deposited and from which payments may be made by an agent designated by a depositor. In the event there is more than one depositor named on an account, each depositor may designate the same or a different agent for the purpose of depositing to or making payments of funds from a depositor's account.

Agency Account means an account to which funds may be

Agency Account means, collectively, one or more accounts bearing the name of the Hotel where all funds received by Operator in the operation of the Hotel are deposited.

Agency Account means the Travel Agency’s customer account with Hertz.

Agency Account. The Agency Account to be maintained for each Facility for payment of Fixed Operating Expenses and Operating Expenses as described in Section 8.1 of the Management Agreement.

Agency Account shall have the meaning given to it in Section 7(a) of this Agreement.

Agency Account means an account with the Product Provider for the purposes of the receipt of commission;