Offset Account definition

Offset Account has the meaning specified in Section 5.2(f).

Offset Account means a transaction style account provided by a Supplier which is linked to the “Offset Loan Account” for the purpose of calculating interest due on the Loan Account. Pass Through Rate or PTR means the applicable percentage rates applied to the Direct Commission in respect of Settled Loans for the purpose of calculating the Fee for your Services. The Pass Through Rates may be varied from time to time.

Offset Account means the amount equal to, but not below zero, of the aggregate negative EBIT for all periods, reduced by any EBIT.

Examples of Offset Account in a sentence

• Customer shall have sufficient collected funds available in the designated Offset Account at Bank to pay all Credit Entries that will be settled on any particular Effective Entry Date, together with all adjustment Entries, fees and other amounts that Customer is obligated to pay Bank under this Agreement.

• Bank may, without prior notice or demand obtain payment of any amount due and payable to it under this Agreement by debiting any Offset Account, or debiting or otherwise offsetting any of Customer’s or Customer’s affiliates accounts at Bank or Bank’s affiliates.

• If prefunding is required, Customer will be required to have sufficient collected funds on deposit in the Offset Account on ACH submission dates as a condition for Bank’s processing of any outgoing ACH Credit Entry.

• Bank shall have no liability to Customer for rejection of an Entry or for failure to notify Customer of a rejection and shall not be liable to pay any interest to Customer even if the amount of Customer’s payment order is fully covered by the balance in the Offset Account or Bank has otherwise received full payment from Customer.

• Call Occupational Health Services at 530-752-6051 to schedule an appointment for the employee.The clinic is located in the Cowell Building.

• If we do not receive such a request your loan account and Offset Account will remain de-linked.

• The government believes that all seafarers working on services that regularly use UK ports deserve a fair wage whilst working in UK waters when calling at a UK port, and that government intervention to address this, within the bounds of international law, is justified.

• The outstanding balance will grow annually with new special allocations and interest based on the discount rate.3. The outstanding balance of the OAB on any June 30 will be equal to the outstanding balance of the Amortization Account minus the outstanding balance on the Offset Account.Eventually, the Offset Account will equal or exceed the Amortization Account and the OAB or EAAB will be fully paid.

• We expect that Cable will have sufficient capital resources to satisfy its cash funding requirements in 2006, taking into account cash from operations, the amount available under its $1,000.0 million bank credit facility and intercompany advances from RCI.

• For purposes of clarity, Revolving Swing Line Loans, New Vehicle Floorplan Swing Line Loans, Used Vehicle Floorplan Swing Line Loans and amounts in any New Vehicle Floorplan Offset Account shall not be included in calculating the Outstanding Amount of Revolving Committed Loans, New Vehicle Floorplan Committed Loans or Used Vehicle Floorplan Committed Loans used in determining the commitment fees set forth above.

More Definitions of Offset Account

Offset Account means the portion of a Member’s Account consisting of the Member’s “Offset Account” as that terms is defined and determined under the LESOP as of the date immediately prior to the merger of the LESOP herein, which is effective as of the time period provided in Section 1.3(a)

Offset Account means a transaction style account provided by a Panel Lender or Strategic Partner which is linked to the “Offset Loan Account” for the purpose of calculating interest due on the Loan Account.

Offset Account means, with respect to each Class C Equityholder as of the Closing Date (each such Person, a "Class C Holder"), an account which shall be credited and debited as follows:

Offset Account means an Up account of a type described in clause 3 while it is linked to a loan account as an Offset Account.

Offset Account means a deposit account linked to the Applicant’s Loan Account.

Offset Account means an account at Bank that is established and maintained by FDMS to allow SERVICERS to credit and debit funds as provided in Section 6.