Crediting Account definition

Crediting Account means each and any corporate account you maintain with us which is linked to and used for the receipt and/or withdrawal of funds in connection with the DBS MAX Service.
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Crediting Account means each and any corporate account you maintain with us which is linked as we deem eligible for receiving funds from the DBS MAX Wallet of a specific Outlet via the DBS MAX Service.
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Crediting Account refers to Customer’s account opened and maintained with the Bank to be used as account awaiting credit of money received from billers. “Customer” refers to the holder of an Account.
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Examples of Crediting Account in a sentence

  • The balance in the Crediting Account shall be (i) increased, as of the last day of each Contract Year, by the amount, if any, by which aggregate Monthly Payments paid by that Shipper in that Contract Year exceed the aggregate Monthly Gathering Fees for that Shipper in that Contract Year and (ii) decreased, as of the last day of each Month, for the portion of the Monthly Payment for that Shipper satisfied from the Crediting Account that Month under Section 2 of Article 9.

  • The Crediting Account for each Shipper shall be deemed to have a zero balance as of the Effective Date.

  • Each Shipper shall have the right in each Month when (i) a positive balance exists in the Crediting Account for that Shipper as of the first day of that Month and (ii) the Monthly Gathering Fee exceeds the Minimum Dollar Commitment for that Shipper in that Month, to satisfy the portion of its Monthly Payment due for that Month that exceeds the Minimum Dollar Commitment from its Crediting Account by written notice to Gatherer.


More Definitions of Crediting Account

Crediting Account means the account established by Gatherer for each Shipper as of the date of this Agreement to track, record, and account for certain amounts under this
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