OLB Account definition

OLB Account means any of the Customer’s Accounts (as defined in the Master Agreement) which it can access using the Service;
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Examples of OLB Account in a sentence

  • Royal Bank will debit the funds from the applicable OLB Account at the time the instructions are submitted to Royal Bank, even for payments which the Customer has post-dated.

  • The Customer acknowledges and agrees that, although funds will be debited from its OLB Account on the date it submits the payment instructions to Royal Bank, the beneficiary of the payment may not receive the funds on such date or otherwise on the date the Customer instructs.

  • Royal Bank will process all payments on the terms and conditions set forth in this Agreement and in accordance with the Customer’s instructions, provided that (i) the payments do not exceed the limits established by Royal Bank pursuant to Section 5, and (ii) there are sufficient funds available in the applicable OLB Account at the time the instructions are submitted to Royal Bank.

  • The Customer acknowledges and agrees that Royal Bank may convert funds of a different currency to be credited to or debited from an OLB Account in connection with the Service, at the applicable currency conversion rate established by Royal Bank for such purpose.

Related to OLB Account

  • AAVS Account means the account to which your Automatic Add Value Service is linked, as defined or specified in the relevant Application Form or such other account as notified to us by the Financial Institution or by the AAVS Account Holder from time to time;

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

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

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Investment Account As defined in Section 3.12(a).