Availability Account definition

Availability Account means the Sub-Account to which Payments corresponding to Financeable Amounts for which no Funding Request has been made are transferred.
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Examples of Availability Account in a sentence

  • In case of a debit balance of the Offset and Adjustment Account, such balance may be applied to a Deferred Availability Account.

  • The Availability Account is a Sub-Account to be opened for each French Seller (in relation to each applicable currency), the purpose of which is to record the amount of Financeable Amounts (as determined by the Factor pursuant to Clause 5.2 which are available to the French Sellers and for which the relevant French Sellers have not sent a Funding Request to the Factor in relation thereto.

  • Service Availability, Account Limitations and Transaction Cutoff Times • Lake Elmo Bank’s Online Banking Services is intended to be available three hundred and sixty-five (365) days a year.

  • At the end of such period and in case of non-payment, the Factor may Definance the Disputed Receivable by debit from the Current Account of an amount not exceeding the amount of the Disputed Receivable and credit of such amount to a Deferred Availability Account.

  • The Availability Account is a Sub-Account to be opened (in relation to each applicable currency), the purpose of which is to record the amounts of the Transferred Receivables which may be financed by the Factor which are available to the Company and for which the Company has not requested a Financing to the Factor in relation thereto.

  • Unpaid Retirement Benefits carried over to a later period shall be paid as soon as the status of the Financial Availability Account permits, with retirement dates determining the order of payment.

  • The Financial Availability Account will accrue for each hour worked by each employee in the bargaining unit at the rate of five cents ($.05) per hour effective April 14, 1978.