FCTA definition

FCTA means Borrower’s Foreign Currency Transaction Account held with Bank into which Bank shall deposit the Advances for the purpose of paying, by means of SWIFT transfer, Approved Invoices arising from purchases of Merchandise from a supplier, including any freight charges to the extent Aaron’s consents thereto.
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FCTA means an account denominated in Canadian Dollars maintained on the books of Servicer and subject to Servicer’s standard terms and conditions for such accounts.
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FCTA means an account denominated in Canadian Dollars maintained on the books of Servicer and subject to Servicer’s standard terms and conditions for such accounts. “Funding Approval Notice” means a written notice to Servicer from Sponsor setting forth the conditions of a proposed Loan Commitment, consistent with the requirements therefor as set forth in this Agreement, and containing such information and in substantially the form of Exhibit E. “GAAP” shall mean generally accepted accounting principles in the United States applied on a consistent basis when applied to US Borrowers and generally accepted accounting principles in Canada applied on a consistent basis when applied to Canadian Borrowers. “Legal Forms” shall have the meaning set forth in Section 2.2. “Loan Account” means the internal bank loan account established by each Borrower with the Servicer. “Net Book Value” means, for any item of Merchandise, the cost of such Merchandise less accumulated depreciation as calculated in accordance with the Aaron’s Proprietary System. “PAD authorization” means an authorization from a Borrower to automatically debit Loan payments from a deposit account of such Borrower, held with a Canadian financial institution, substantially in the form of Exhibit K. “Payment Date” means shall mean, with respect to any US Loans, the last day of each calendar month; provided, however, if such day is not a Business Day, the next succeeding Business Day. “Personal Guaranty” means any guaranty from a principal or member of a US Borrower substantially in the form of Exhibit F or from a principal or member of a Canadian Borrower substantially in the form of Exhibit L. “Prime Rate” means the per annum rate of interest designated from time to time by Servicer to be its prime rate, with any change in the rate of interest resulting from a change in the Prime Rate to be effective as of the opening of business of Servicer on the day of such change. The Prime Rate is a reference rate and does not necessarily represent the lowest or best rate of interest that is being offered by Servicer to its borrowers. “Servicing Fee” shall have the meaning set forth in Section 2.13. “Sponsor’s Fee” shall have the meaning set forth in Section 2.13. “Spousal Consent” shall mean any agreement provided by the spouse of any Person executing a Personal Guaranty to the extent such spouse has not personally executed a Personal Guaranty, to be substantially in the form provided by the Servicer. “State” means any S...
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Examples of FCTA in a sentence

  • A notification of the allocation of those days will be submitted to the FCTA at the beginning of each school year.

  • The FCTA will provide the Board and appropriate building principals with written advance notice.

  • A final report of the actual usage of these days will be provided for the FCTA at the end of each school year.

  • The FCTA shall reimburse the Board for all substitutes actually required at the per diem rate.

  • Such grievance must be in writing, signed by the FCTA president and must state specifically that this grievance procedure is being invoked.

  • FCTA shall establish a database system to track the donations with their utilization.

  • If either party declares impasse, the chief negotiators along with three (3) representatives from the Board of Education and three (3) representatives from the FCTA Board of Directors shall meet within ten (10) work days to attempt to resolve the dispute.

  • Volunteers who wish to donate any of their earned sick leave must complete and sign the Family Crisis Leave Donation Form and return the form to the FCTA Office.

  • The Board shall provide courier service to the area designated by the Association as its headquarters, as long as said headquarters is on or near an established courier route and materials are FCTA information, not third party, and are in compliance with Board policy and FCPS regulation.

  • Once the $5,000 cap is met, FCTA agrees to reimburse the Board for the costs of substitutes.


More Definitions of FCTA

FCTA means Borrower’s Foreign Currency Transaction Account held with Bank into which Bank shall deposit the Advances for the purpose of (i) paying, by means of SWIFT transfer (or such other method approved in writing by ▇▇▇▇▇ and acceptable to Bank), Approved Invoices arising from purchases of Merchandise from a supplier, including any freight charges to the extent ▇▇▇▇▇ consents thereto, (ii) paying, to Borrower’s own account (or, with the written consent of ▇▇▇▇▇, such other account for which wiring instructions have been provided to the Bank) upon the consent of ▇▇▇▇▇, state use taxes associated therewith, and (iii) paying, to Borrower’s own account (or, with the written consent of ▇▇▇▇▇, such other account for which wiring instructions have been provided to the Bank) any other items to the extent expressly permitted to be paid hereunder.
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