CBC Transaction Accounts Funds definition

CBC Transaction Accounts Funds means, on any day, the balance standing to the credit of the CBC Transaction Accounts other than the Swap Collateral Account as at the opening of business on such day.
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Examples of CBC Transaction Accounts Funds in a sentence

  • Upon termination or expiry of this Agreement pursuant to Clause 7, the CBC Account Bank shall immediately repay to the CBC the whole of the CBC Transaction Accounts Funds together (in each case) with interest accrued thereon (and not previously withdrawn) to (but excluding) the date of actual repayment, such repayment being effected by means of a transfer direct to the then specified account of the CBC.

  • If the CBC Account Bank intends to charge a negative CBC Transaction Accounts Interest Rate to the CBC in relation to the CBC Transaction Accounts Funds, the CBC Account Bank shall notify the Issuer of this intention at least ten (10) Business Days in advance and after such date the CBC shall pay such rate to the CBC Account Bank.

  • If the CBC Account Bank intends to charge a negative CBC Transaction Accounts Interest Rate to the CBC in relation to the CBC Transaction Accounts Funds, the CBC Account Bank shall notify the Issuer of this intention at least two (2) Business Days in advance and after such date the CBC shall pay such rate to the CBC Account Bank.

  • Upon termination or expiry of this Agreement pursuant to Clause 8, the CBC Account Bank shall immediately repay to the CBC the CBC Transaction Accounts Funds (in each case) with interest accrued thereon (and not previously withdrawn) to (but excluding) the date of actual repayment, such repayment being effected by means of a transfer direct to the then specified account of the CBC.

Related to CBC Transaction Accounts Funds

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Collection Accounts As defined in Section 3.10(a).

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Collection Account Control Agreement means that certain Collection Account Control Agreement, to be entered into by and among the Borrower, the Lender and Bank, with respect to the Collection Account, in form and substance acceptable to the Lender and the Borrower, as the same may be amended, modified or supplemented from time to time.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Management Accounts means unaudited accounts which shall incorporate a profit and loss statement, cash flow statement and balance sheet.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.