Examples of Borrowing Account in a sentence
If requested by the Customer and agreed to by the Bank, the Bank will provide Target Balance Borrowing Account Services (“TBBA Services”) in accordance with the procedures set forth in this Section or under any promissory note, loan agreement, security agreement or other TBBA-related documents provided to the Customer by the Bank.
The Company shall file with the Trustee within 30 days after the same are required to be filed with the Commission (giving effect to any grace period provided by Rule 12b-25 under the Exchange Act) any documents or reports that the Company is required to file with the Commission pursuant to Section 13 or 15(d) of the Exchange Act.
If there remains a debit balance on the Clearing Account, an appropriate amount is swept from the Borrowing Account into the Clearing Account to close thebalance at nil.3Section N of the Code does not currently have provision for a situation where a payment has originally been made by Direct Debit but is subsequently withdrawn.
Instructors are advised not to utilize third-party online proctoring for midterm or final exams unless all other options have been exhausted.
This ensures that at the end of the day only the Borrowing Account overdraft facility is used for any funds shortfall.