LEC ACCOUNT definition

LEC ACCOUNT means, as of any date of determination, any Account of Borrower submitted by or on behalf of Borrower to a LEC for billing and payment pursuant to a Billing Services Agreement.
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LEC ACCOUNT means an Account owed by an Account Debtor that is a LEC, as clarified by the second sentence of the definition of "Account Debtor".
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Related to LEC ACCOUNT

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Sub-Account means any of the individual sub-accounts of a Participant's Account that is maintained as provided in Article VIII.