GSC Account definition

GSC Account means the bank account held by GSC with an authorised deposit-taking institution for the benefit of Customers;
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GSC Account means that certain demand deposit account no. _________ established by GSC with the Lender for the deposit of Items and any other deposits.
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Examples of GSC Account in a sentence

  • Customer herein waives and foregoes any entitlement to interest (and any applicable fees) derived from the GSC Account.

  • Customer herein waives and foregoes any entitlement to interest (and any applicable GSC Live! Service Agreement fees) derived from the GSC Account.

  • Notwithstanding the foregoing, the Lender hereby agrees not to exercise its right of set-off against the GSC Account, provided that, if the opening Current Balance in the GCC Account on any Business Day should be less than zero, then Lender shall be entitled to exercise its right of set-off against the GSC Account, but only to the extent of Items deposited in the GSC Account on the previous Business Day.

  • Borrowers hereby agree that Lender may debit the GCC Account or the GSC Account for any amount due from either Borrower to Lender in respect of principal, interest, premium, or any other Obligation.