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, at any time, an Account that is (i) a Secured Account; (ii) not payable in Canadian dollars;

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.

• Hoffmann had a shop in Chandois-Street together with Michael Rauche.

• If any Designated Account does not satisfy each of the Eligibility Criteria as of the relevant Cut-off Date, as of the relevant Entrustment Date and, if relevant, as of the date of creation of any New Receivable arising therein, it will automatically and with immediate effect from such date be and become an Ineligible Account.

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

• If any Receivable is not an Eligible Receivable or arises in the same Account as an Ineligible Receivable or arises in a Designated Account which is or is determined to be or become an Ineligible Account, such Receivable will be an Ineligible Receivable.

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. 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 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.