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 means, as of any date of determination, each Account that is not an Eligible Account on such date.

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.


More Definitions of Ineligible 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, at any time, an Account that is (i) a Secured Account; (ii) not payable in Canadian dollars;
Ineligible Account. An Account other than an Eligible Account as determined by Purchaser in its sole discretion.
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:
Ineligible Account shall have the meaning set forth in Section II.A.2.
Ineligible Account means all or any part of any Account that is not an Eligible Account.