Authorized Accountholder definition

Authorized Accountholder means any person designated by the Company as a
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Authorized Accountholder means any person, including any Equipment/Fleet Manager, designated by the Company as a permitted user of an Account. The word “Sub-Account” means any account number that may be issued on the Account to an Authorized Accountholder, at the request of the Company. The word “Company” refers to the business entity that has submitted an enrollment agreement or application for an Account or has used or authorized the use of an Account, thereby accepting the terms of this Agreement as provided below. The term “Equipment/Fleet Manager” refers to the person(s) authorized by the Company to request that an Account be opened and otherwise transacts business with respect to the Account, and any Sub-Account number(s) and the designation of Authorized Accountholders; it also includes any successor to that person identified by the Company. The words “we,” “our,” and “us” refer to North American Transaction Services, a division of VFS US LLC, as well as our successors and assigns. The words “you” and “yours” mean the Company and any other person or entity that guarantees or otherwise become obligated on the Account. By signing an enrollment agreement, by acknowledging these terms and conditions, or by using or permitting the use of the Account or any Sub-Account, the Company is bound by the terms and conditions of this Agreement. Standard Billing Terms: Statement+20 (all payments are due within 20 days of the statement date). From time to time Extended Billing Terms may be permitted for specific transactions (“Extended Term Transactions”) at our sole discretion and those Extended Billing Terms will be offered to you by Xxxxxx; however, should Extended Term Transactions be offered to you, you acknowledge that you always have the right to pay cash at the time of purchase. Enrollment in Automatic Direct Payments (ACH Debit) is a requirement of participation in the FleetPREFERRED/Smart Commercial Account program. Payments made by any means other than ACH Debit are due within 30 days of the dealer invoice. FleetPREFERRED/Smart Commercial Account Purchasing Accountholder Agreement use limited to charges for parts, services and construction equipment rentals at Participating Dealerships, and other charges requested by the Company that have been authorized in writing by Lender.
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Authorized Accountholder means any person designated by the Company as a permitted user of an Account. The word “Sub-Account” means any account number that may be issued on the Account to an Authorized Accountholder, at the request of the Company. The word “Company” refers to the business entity that has submitted an enrollment agreement or application for an Account or has used or authorized the use of an Account, thereby accepting the terms of this Agreement as provided below. The term ”Equipment/Fleet Manager” refers to the person(s) authorized by the Company to request that an Account be opened and otherwise transacts business with respect to the Account, and any Sub-Account number(s) and the designation of Authorized Accountholders; it also includes any successor to that person identified by the Company. The words “we,” “our,” and “us” refer to North American Transaction Services, a division of VFS Canada Inc., as well as our successors and assigns. The words “you” and “yours” mean the Company and any other person or entity that guarantees or otherwise become obligated on the Account. By signing an enrollment agreement, by acknowledging these terms and conditions, or by using or permitting the use of the Account or any Sub-Account, the Company is bound by the terms and conditions of this Agreement.
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Examples of Authorized Accountholder in a sentence

  • We, or the Company, may terminate this Agreement or the authority of the Company or any Authorized Accountholder to use the Account or the Sub-Account(s) at any time for any reason, including, but not limited to, your default under this Agreement, or canceling of PAP.

  • The Authorized Accountholder or any Sub-Account is the only permitted user of the Company’s Account.

  • All credit obtained with the Account (and/or Sub- Accounts if applicable), is deemed to be an extension of credit made to the Company for its benefit and not to or for the benefit of the Authorized Accountholder.


More Definitions of Authorized Accountholder

Authorized Accountholder means any person, including any Equipment/Fleet Manager, designated by the Company as a permitted user of an Account. The word “Sub-Account” means any account number that may be issued on the Account to an Authorized Accountholder, at the request of the Company. The word “Company” refers to the business entity that has submitted an enrollment agreement or application for an Account or has used or authorized the use of an Account, thereby accepting the terms of this Agreement as provided below. The term “Equipment/Fleet Manager” refers to the person(s) authorized by the Company to request that an Account be opened and otherwise transacts business with respect to the Account, and any Sub-Account number(s) and the designation of Authorized Accountholders; it also includes any successor to that person identified by the Company. The words “we,” “our,” and “us” refer to North American Transaction Services, a division of VFS US LLC, as well as our successors and assigns. The words “you” and “yours” mean the Company and any other person or entity that guarantees or otherwise become obligated on the Account. By signing an enrollment agreement, by acknowledging these terms and conditions, or by using or permitting the use of the Account or any Sub-Account, the Company is bound by the terms and conditions of this Agreement.
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Related to Authorized Accountholder

  • Authorized account means a deposit account of a customer in a bank designated by the customer as a source of payment of payment orders issued by the customer to the bank. If a customer does not so designate an account, any account of the customer is an authorized account if payment of a payment order from that account is not inconsistent with a restriction on the use of that account.

  • Accountholder means any accountholder with a Clearing System which at the Determination Date has credited to its securities account with such Clearing System one or more Entries in respect of a Global Note, except for any Clearing System in its capacity as an accountholder of another Clearing System;

  • Authorized Amount means $ , the maximum principal amount of the Funding Loan under this Funding Loan Agreement.

  • Authorized Claimant means any Class Member whose claim for recovery has been allowed pursuant to the terms of the Stipulation.

  • Authorized Driver means any of the following:

  • Authorized Branches means those Branches of Distributors or Distribution Companies which are allowed by the Management Company to deal in Units of the Funds managed by the Management Company.

  • Unauthorized Access means the entrance of a person into a restricted area without permission of the operator or the operator’s designated representative.

  • Authorized Instructions shall have the meaning set forth in Section 1.5.

  • Cardholder means a person authorized to use a Card.

  • Account Application Form means the Personal Account Application Form for International Personal Banking or Wealth and Investment as applicable;

  • Registered Account means a yen account maintained by the payee with a bank in Japan, details of which appear on the Register at the close of business on the sixth Transfer Business Day before the due date of payment.

  • Authorized User means one named employee, contractor or agent of Customer (each identified by a unique email address) for whom Customer has purchased a subscription to the Subscription Services and who is authorized by Customer to access and use the Services under the rights granted to Customer pursuant to this Agreement.

  • Authorized Dealer means a person authorized as an authorized dealer under sub-section (1) of section 10 of FEMA.

  • Authorized emergency vehicle means any of the following:

  • Authorized agency means any duly constituted criminal investigative department or agency of the United States or of this State; the Department of Insurance; the Department of Revenue; the Department of Public Safety; the Workers' Compensation Commission; the State Accident Fund; the Second Injury Fund; the Employment Security Commission; the Department of Consumer Affairs; the Human Affairs Commission; the Department of Health and Environmental Control; the Department of Social Services; the Department of Health and Human Services; the Department of Labor, Licensing and Regulation; all other state boards, commissions, and agencies; the Office of the Attorney General of South Carolina; or the prosecuting attorney of any judicial circuit, county, municipality, or political subdivision of this State or of the United States, and their respective employees or personnel acting in their official capacity.

  • Designated Depository Institution A depository institution (commercial bank, federal savings bank, mutual savings bank or savings and loan association) or trust company (which may include the Trustee), the deposits of which are fully insured by the FDIC to the extent provided by law.