Examples of Designated Account in a sentence
Each sub-merchant entity must have its own Designated Account and the name on the Designated Account must match the sub-merchant’s legal entity name or registered doing-business-as name.
In the event you are owed money as a result of an Error, we will transfer funds to your Designated Account at the next scheduled remit or pay-out cycle.
We shall have the right to delete your Designated Account information upon termination of the Sub-Merchant Agreement, but we shall also have the right, at our choosing, to retain copies of such information for up to five (5) years at our cost.
US Borrowers agree to establish and maintain the US Designated Account with the US Designated Account Bank for the purpose of receiving the proceeds of the US Revolving Loans requested by US Borrowers and made by Agent or the Lenders hereunder.
You acknowledge, agree and understand that Authorized signers on your Designated Account have full access to funds from your Designated Account by the terms and provisions of this Product Schedule.