Internal Account definition
Examples of Internal Account in a sentence
You agree to pay such charges and authorize us to deduct the calculated amounts from the applicable Internal Account you hold with us for these amounts and any additional charges that may be incurred by you.
For Outgoing Transfers, funds will be debited from your Internal Account on the Business Day for which you request the Transfer to be made (the “Scheduled Date”), and typically will be credited to the External Account on the second to third Business Day after the Transfer’s Scheduled Date.
Limited Payment Guarantee: means that if a transaction was successfully executed with 3DSecure and the Merchant fully complies with this Contract, the Merchant is assured that the transaction amount will not be debited from his Internal Account due to a transaction dispute initiated by the Card- holder for the sole reason that the transaction was not authorized by the Cardholder.
The Limited Payment Guarantee does not prevent, however, that the Internal Account is debited for other reasons mentioned in the Common Conditions.
With the exception of certain payments made on an exception basis, all Commissions or Performance Bonuses that Representatives may earn will be paid through her or his Internal Account.
If the Internal Account does not have sufficient available funds on the scheduled date, we may elect not to initiate one or more of the transfers.
The Collateral Agent shall also open and keep in its books an account (the “Internal Account”) in which it shall reflect the balance of the accounts kept by each of the Lenders, so that the balance of the Internal Account represents at any time the amount due by the Company to the Lenders under this Agreement.
Internal Account An Internal Account is a pay account (sometimes referred to as a “wallet” or “portal”) that is set up for Representatives by an independent Payment Processor retained by The Company.
For example, if you direct us to initiate processing an Outgoing Transfer immediately, the funds will be debited from your Bank Internal Account on the Business Day you schedule the Transfer (as long as the Transfer is initiated prior to the Cut‐Off Time for that Business Day), and typically will be credited to the External Account on the second or third business day after the Transfer is initiated.
Dealer Payment Instructions: ▇▇▇▇▇ Fargo Bank, N.A. ABA ▇▇▇-▇▇▇-▇▇▇ Internal Account No. : 01020304464228 Account Name: WFB Equity Derivatives Counterparty Payment Instructions: To be provided by Counterparty.