Designated Accounts definition

Designated Accounts means, collectively, the Collection Account, the Note Distribution Account, the Reserve Account and the Class N Reserve Account.

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Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

Examples of Designated Accounts in a sentence

Funds deposited in each of the Designated Accounts shall be invested in the Investment Fund.
The Securities Intermediary shall promptly notify the Secured Party and the Issuing Entity if any other person claims that it has a property interest in the Designated Accounts or that it is a violation of such person’s rights for anyone else to hold, transfer or deal with the Designated Accounts.
The Securities Intermediary shall not comply with any instructions of the Issuing Entity (except to the extent permitted under Section 3.1(b)) concerning the Designated Accounts (including any order that is originated by the Issuing Entity and that would require the Securities Intermediary to make a free delivery of Designated Accounts to the Issuing Entity or any other person).
The Designated Accounts currently existing under the Indenture are the Reserve Account, the Collection Account and the Note Distribution Account maintained and held at the Securities Intermediary by the Issuing Entity, subject to the first priority security interest of the Secured Party for the benefit of the Noteholders in the Designated Accounts granted by the Issuing Entity to the Secured Party to secure payment of the Notes.
The parties hereto are entering into this Agreement to perfect the Secured Party’s security interest in the Designated Accounts by “control,” within the meaning of Articles 8 and 9 of the Uniform Commercial Code as in effect in the State of New York (the “UCC”).

More Definitions of Designated Accounts

Designated Accounts. The Collection Account, the Note Distribution Account and the Reserve Account, collectively.

Designated Accounts. Individually and collectively, respectively,

Designated Accounts means the Accounts and Third Party Accounts nominated by the Customer for the purpose of executing a funds transfer. The categories of information required in respect of these Accounts are as prescribed by the Bank from time to time. The Customer acknowledges that certain Accounts may not be suitable for categorisation as Designated Accounts.

Designated Accounts. The AART Collection Account and the Note Distribution Account, collectively. Determination Date: The 15th day of each calendar month, or if such 15th day is not a Business Day, the next succeeding Business Day. With respect to any Distribution Date, the “related Determination Date” is the Determination Date preceding such Distribution Date.

Designated Accounts are all of your Deposit Accounts, Credit Accounts, Credit Card Accounts, and Business Credit Accounts that you have with us when you request the e-Bankoh Services, any Credit Card Accounts you subsequently open, and any Deposit Accounts, Credit Accounts, and/or Business Credit Accounts you subsequently designate for use with the e-Bankoh Services on an Application.

Designated Accounts shall have the meaning given the term in Section 5.3 of this Agreement.

Designated Accounts means the Accounts and Third Party Accounts nominated