Debit Account definition

Debit Account means an account which we may request you to maintain with us, designated for the purpose of Debit Transactions, and which is not linked to any savings or current account;

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Debit Account means any account (for the purpose of this definition, including but not limited to the Primary Account) maintained with the Bank for the time being designated for the purpose of making withdrawal of funds in relation to the Phonebanking Service.

Debit Account means, subject to the relevant Debit Accountholder having agreed to the terms of the relevant Conditions, any account (including but not limited to an Account) maintained with the Bank, which is designated for the purposes of making withdrawals of funds in relation to the Phone Banking Service.

Examples of Debit Account in a sentence

Notwithstanding anything to the contrary, Administrative Agent hereby agrees that it shall not auto-debit the Debit Account for interest payments due under the Loan until the seventh (7th) day of each calendar month during the term of the Loan (notwithstanding the fact that interest is due and payable under the Loan on the first day of each month).
Notwithstanding Clause 3.3 above, in the case where the Card Account includes a Debit Account, we may request each holder of the Card to maintain a separate Debit Account with us, from which Debit Transactions are effected.
Except for the restrictions specified in this Agreement, Merchant shall not impose any restriction or condition on the use of a Debit Account card that is not imposed equally on the use of other similar payment methods.
Borrower solely will be responsible for maintaining funds in the Payment Debit Account which are sufficient to pay the aggregate amounts due under the Loan Documents on each Payment Date.
University shall provide to Merchant a report of Debit Account activity each business day by means of an electronic transmission to the e-mail address designated in writing by Merchant.

More Definitions of Debit Account

Debit Account means, as, the debit account established for each Participant on the books and records of ML & Co. with a KECALP Unit Account to record the Participant's Debit Account Balance under the Plan.

Debit Account means, in respect of each participation of the Customer in the Plan, such account of the Customer maintained with the Bank as may be specified by the Customer and acceptable to the Bank from time to time from which the Monthly Investment Amount of the relevant participation of the Customer in the Plan shall be debited.

Debit Account means any account maintained with the Bank for the time being from which funds are debited using the Phonebanking Service.

Debit Account means ▇▇▇▇▇ Fargo Bank account number 4121828040 in the name of KBS REIT Properties II, LLC.

Debit Account means each account of the Customer maintained with the Bank and designated by the Customer and approved by the Bank for debiting funds for issuance of e-Cashier's Order;

Debit Account means, subject to the related Debit Accountholder(s) having agreed to the terms of Clause 9, any account (for the purpose of this definition, including but not limited to the Account) maintained with the Bank for the time being designated for the purpose of making withdrawal of funds in relation to the Phonebanking Service.

Debit Account means Account No. [*] that Seller has with [*] over which [*] shall have express written authority to debit pursuant to the terms of the Agreement.