Clearing Account definition

Clearing Account means the account so designated and established by Section 5.04(1) hereof.
Clearing Account has the meaning set forth in Section 2.7.1 hereof.
Clearing Account shall have the meaning set forth in Section 6.1.

Examples of Clearing Account in a sentence

  • Master Servicing Payment Clearing Account Account Number: 066-611059 Beneficiary: Aurora Loan Services Inc.

  • PJM shall make payments to the NYISO’s Clearing Account consistent with Sections 7.2.3.3 (Payment by the Customer) and 7.2.5 (Method of Payment) of the NYISO Services Tariff or any successor NYISO Services Tariff provision(s).

  • NYISO shall make payments, from the NYISO’s Clearing Account, to PJM consistent with Section 7.1A(a) (Payments: Monthly Bills), 7.1A(b) (Payments: Weekly Bills), 7.1A(c) (Payments: Form of Payments), and 7.1A(e) (Payments: Payment Calendar) of the PJM OATT or any successor PJM OATT provision(s).

  • The funds held by the ISO in the ISO Clearing Account shall not be commingled with funds held by the ISO in any other ISO accounts.

  • All payments by the ISO shall be made either (i) by wire transfer in immediately available funds payable to the Transmission Customer by the ISO through the ISO Clearing Account or (ii) any other method set forth in ISO Procedures.


More Definitions of Clearing Account

Clearing Account means Account No. 4159359173 in the name of the Seller maintained at Wellx Xxxgo Bank, N.A.
Clearing Account shall have the meaning set forth in Section 10.1(a) hereof.
Clearing Account shall have the meaning ascribed to such term in the Cash Management Agreement.
Clearing Account shall have the meaning ascribed to it in the Clearing Account Agreement.
Clearing Account means Account No. 4159359173 in the name of the Seller maintained at Xxxxx Fargo Bank, N.A.
Clearing Account shall have the meaning set forth in the Mortgage Loan Agreement.
Clearing Account means the depositary account identified as such on Exhibit E into which Collections are collected or deposited.