Cancelled Account definition

Cancelled Account means an Account which has had its charging privileges permanently withdrawn PROVIDED, HOWEVER, that a Designated Account will become a "Cancelled Account" on the day on which its charging privileges are removed;
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Cancelled Account means all files within the Customer’s Account directories will be permanently erased and the Customer’s Account, Membership Right and Support will be terminated.
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Cancelled Account means any Trust Account for which ATG Trust Company, Buyer or any their respective Affiliates has received written notice, prior to the later of (a) the Closing Date or (b) the date on which the Account Consent for such Trust Account is received by Buyer (if applicable), of the intent of the applicable owner(s), beneficiary(ies), sponsor(s) or other third-party(ies) with authority over such Trust Account to cancel, terminate, dissolve, liquidate, transfer or distribute substantially all of the assets of, such Trust Account, or for which the applicable Governing Agreements otherwise contemplate or require any such action, in each case within ninety (90) days immediately following the Closing Date (other than, for the avoidance of doubt, such actions resulting in the transfer or distribution of assets to Buyer pursuant to this Agreement).
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Examples of Cancelled Account in a sentence

  • A Suspended Account or Cancelled Account does not remove the Customer's obligation to pay those amounts outstanding to the date of such suspension or cancellation or thereafter for the remainder of the Term or Renewal Term, as the case may be.

  • If any Fees payable by a Customer are 30 days or more overdue (except with respect to charges then under reasonable and good faith dispute), in addition to any other rights and remedies (including the termination rights set forth in this Agreement), GNXCOR reserves the right to treat the Customer’s Account as either a Suspended Account or Cancelled Account without liability to GNXCOR, until such account is paid in full.

  • For any reason whatsoever, in addition to any other rights and remedies (including the termination rights set forth in this Agreement), GNXCOR reserves the right to treat the Customer’s Account as either a Suspended Account or Cancelled Account without liability to GNXCOR at any time.


More Definitions of Cancelled Account

Cancelled Account means a Designated Account (which is not a Defaulted Account or a Debt Recovery Account) that has had its charging privileges permanently withdrawn either (a) at the instigation of the Servicer, or (b) at the request of the relevant Obligor, and, in either case, which has been designated by the Servicer as a "Cancelled Account" in accordance with the Credit Guidelines or the Servicer's usual servicing procedures.
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