Ineligible Account definition

Ineligible Account means an Account that at the time of determination is not an Eligible Account.
Ineligible Account has the meaning set forth in Section 5.18 of the Base Indenture.
Ineligible Account. An Account that does not satisfy the criteria to be an Eligible Account.

Examples of Ineligible Account in a sentence

In the event that any of the Collection Account, any Management Account or any Collection Account Administrative Account becomes an Ineligible Account, the Manager shall, promptly following the establishment of such related new Eligible Account, notify each Franchisee of a change in payment instructions, if any.

Within five Business Days after the Removal Commencement Date with respect to any Account that became a Selected Account pursuant to this Section 2.9, the Seller shall furnish a Removal Notice to the Owner Trustee stating that the Removal Commencement Date for such Ineligible Account has occurred and specifying for each such Selected Account as of the Removal Commencement Date its account number and the Removal Balance.

Within five Business Days after the Removal Commencement Date with respect to any Account that became a Randomly Selected Account pursuant to this Section 2.9, the Seller shall furnish a Removal Notice to the Owner Trustee stating that the Removal Commencement Date for such Ineligible Account has occurred and specifying for each such Randomly Selected Account as of the Removal Commencement Date its account number and the Removal Balance.

In the event that any of the Collection Account, any Concentration Account, any Collection Account Administrative Account or the DNAF Account becomes an Ineligible Account, the Manager shall, promptly following the establishment of such related new Eligible Account, notify each Franchisee of a change in payment instructions, if any.

Accounts to be Sold shall not include any Ineligible Account as defined in Section II.A.2. below.


More Definitions of Ineligible Account

Ineligible Account means, as of any date of determination, each Account that is not an Eligible Account on such date.
Ineligible Account means, at any time, an Account that is (i) a Secured Account; (ii) not payable in Canadian dollars; (iii) a Mastercard-branded Credit Card Account; or (iv) a co-branded or co-labelled Visa-branded Credit Card Account, other than an Aeroplan or Air Canada co-branded or co-labelled Visa-branded Credit Card Account.
Ineligible Account means any Account that does not constitute an Eligible Account due to the operation of any Ineligible Account Clause.
Ineligible Account means, for any date, each Account that is not an Eligible Account on such date.
Ineligible Account means any of the following:
Ineligible Account shall have the meaning set forth in Section II.A.2.
Ineligible Account means an Account: