Dedicated Bank Account definition

Dedicated Bank Account means the current bank account in which your Direct Payment is paid EXAMPLE
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Dedicated Bank Account means the account described in clause 13(b) of this Schedule 7.
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Examples of Dedicated Bank Account in a sentence

  • The Servicer shall also transfer from the Servicer Collection Account to the General Collection Account, on each Business Day, all the Collections received from each Borrower in respect of the Transferred Receivables.Specially Dedicated Bank Account .......................................In accordance with Articles L.

  • The Grantee is responsible for opening a Dedicated Bank Account in the financial institution acceptable to the PIU (MID).

  • If you have a Dedicated Bank Account (as opposed to a Prepaid Card), Part 1 (with the exception of section 1) and Part 2 of the Terms and Conditions will apply to you.

  • The Grantee is responsible for opening the Dedicated Bank Account.

  • I have a Dedicated Bank Account YES NO Mixed Package If your needs/Child’s/Young Person’s needs are met through both a managed account held by the Council and the Direct Payment, the Terms and Conditions set out in this agreement will apply to the Direct Payment.

  • To approve the minutes of a previous meeting as a correct record.

  • It should be noted that no Excluded Amount eventually owed by the Debtor under the Auto Loan Contract are being assigned to the Compartment and accordingly the Compartment will have no right whatsoever on amounts collected in respect of any such Excluded Amount, notwithstanding the fact that any such amounts are being credited to the Dedicated Bank Account.

  • Allocation of Available Collections in respect of each Collection Period Calculation of Available Collections Pursuant to the Master Servicing Agreement, the Servicer has undertaken to transfer to the General Collection Account, on each Business Day, any amount of Available Collections received on the Dedicated Bank Account by no later than on the fifth Business Day after their credit to the Dedicated Bank Account.

  • Disbursements of the Grant funds are possible after opening a Dedicated Bank Account in the financial institution acceptable to the PIU (MID) (MID).

  • If you have a Dedicated Bank Account The Council agrees to pay to you the Direct Payment into the Dedicated Bank Account monthly in advance net of your personal contribution (if any).

Related to Dedicated Bank Account

  • Designated Bank Account means the relevant bank account designated by each Holder;

  • Nominated Bank Account means MDL’s bank account as notified by MDL to the other Party from time to time.

  • Authorized Bank Account means any Officially Designated bank account to which redemption proceeds may be sent.

  • Client Bank Account means an account held in the name of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor; and/or an account held in the name of the Company on behalf of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor.

  • Bank Account means one or more accounts opened, maintained and operated by the Portfolio Manager with any of the Scheduled Commercial Banks in accordance with the agreement entered into with the Client.

  • Seller’s Bank Account shall have the meaning set forth in Section 3.2(b).

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Security Deposit Account has the meaning given in Section 5.1.

  • Purchase Price Bank Account means a bank account in the United States to be designated by the Seller in a written notice to the Purchaser at least five Business Days before the Closing.

  • Bank Accounts means those account(s) opened and maintained for the Trust by the Trustee at Banks, the beneficial ownerships in which shall vest in the Unit Holder(s).

  • Ineligible Institution has the meaning assigned to such term in Section 9.04(b).

  • Direct Account : means any Account which is not an ISA Account.

  • Agency Account means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Mortgagor Accounts As defined in Section 3.07(a) of this Agreement.

  • Property Account has the meaning set forth in Section 2.8(c).

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

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

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Lockbox Bank means a depository institution named by the Servicer and acceptable to the Controlling Party.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Special Sub-Custodian Each such duly appointed Special Sub-Custodian shall be listed on Schedule D hereto, as it may be amended from time to time by a Fund, with the acknowledgment of the Custodian. In connection with the appointment of any Special Sub-Custodian, and in accordance with Special Instructions, the Custodian shall enter into a sub-custodian agreement with the Fund and the Special Sub-Custodian in form and substance approved by such Fund, provided that such agreement shall in all events comply with the provisions of the 1940 Act and the rules and regulations thereunder and the terms and provisions of this Agreement.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Omnibus Account means any Shareholder Account the record owner of which is a registered broker-dealer which has agreed with the Transfer Agent to provide sub-transfer agent functions relating to each Sub-shareholder Account within such Shareholder Account as contemplated by this Schedule I in respect of each of the Funds.