Current Account Agreement definition
Examples of Current Account Agreement in a sentence
Unless otherwise agreed (the Parties may record the terms of shareholders loans or a current account in a separate Shareholders Loan Agreement and/or a Current Account Agreement) funding by a Shareholder is repayable to the Shareholder upon demand.
Termination of the last Current Account Agreement shall result in the closure of all the other Accounts and shall also apply to the Card, Electronic Access Channels, and may refer to other products linked to the Account, in accordance with applicable regulations, unless otherwise agreed by the Parties.
The operations under this agreement shall be carried out by means of a Current Account Agreement or by means of Cash Settlements in accordance with the conditions established in the Eighth and Ninth covenants of this agreement.
The payment of the price shall be made through a Current Account Agreement or through Cash Settlements in accordance with the conditions established in the Eighth and Ninth covenants of this agreement.
AIB shall execute such Instructions during its regular business hours and in accordance with the terms of Current Account Agreement and any other Agreements between the Parties.
The Client hereby appoints the Custodian to be its true and lawful attorney-in-fact, to execute and deliver in its name or otherwise and on its behalf, any and all documents, agreements or other instruments in writing or otherwise authenticated which are to be, or which may be, executed and delivered or otherwise authenticated, in connection with the transactions or matters contemplated by this Custody Agreement, including, but not limited to, a Current Account Agreement.
The details are based on the Current Account Agreement between the customer and the Institute.