Open Account definition

Open Account means an account established for a Dealer by CNHi Capital pursuant to which CNHi Capital finances parts and other miscellaneous items or services sold to the Dealer.

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Open Account means, in connection with the terms of purchase by a Credit Party of Equipment Inventory from a dealer, that such purchase is made on credit terms, on an unsecured basis, with payment by such Credit Party expected to be made within twelve (12) months of the date of purchase. The deferral of the purchase price of Equipment Inventory purchased on Open Account does not constitute Indebtedness unless and until such deferral extends twelve (12) months or more following the date of purchase of such Equipment Inventory.

Open Account means any credit account that the borrower can currently utilize reported in the borrower’s credit report;

Examples of Open Account in a sentence

• The Open Account Fee and the Closed Account Fee shall be paid only with respect to accounts serviced directly by the Transfer Agent and not with respect to accounts serviced by third parties pursuant to omnibus account service or sub-accounting agreements, as provided in Section 2.04 of the Agreement.

• CNHi Capital shall establish from time to time interest rates and other charges applicable to financing and other services extended to Dealers under the Open Account and Wholesale Finance Plan terms.

• Unless other instructions are received by us on or before the settlement date, orders accepted by us may be placed in an Open Account in your name.

• The Open Account Fee will be billed monthly at a rate of 1/12 of the annual fee for each Fund account serviced during the month.

• CNHi Capital shall advise CNHi America of the reason for any Stop Ship status and actions necessary to reinstate CNHi America Open Account Terms.

More Definitions of Open Account

Open Account. Open Account" shall mean the account established pursuant to Section 3.04 hereof.

Open Account is any account on the books of CFS representing record ownership of shares of a Fund which as of the first day of any calendar month has a share balance greater than zero. The Open Account fee shall be payable on a monthly basis, in an amount equal to 1/12 the per annum change.

Open Account means an account that we agree to establish and maintain for you as part of the Bookkeeping Records. References to debits (charges) to the Open Account in this Agreement mean increases in the amounts you owe us (for example, when we pay a vendor’s invoice on your behalf the Open Account is debited or charged) and credits to the Open Account mean decreases in the amounts you owe us (for example, when Receipts are deposited in the Bank, such amount is credited to the Open Account).

Open Account means an Account that has not been closed by the Bank for risk, has not been closed by the Cardholder or has not been closed by the Bank for inactivity.

Open Account means any account on the books of the Transfer Agent representing record ownership of shares of a Fund which as of any day of a calendar month has a share balance greater than zero. If an account is closed during any calendar month, it shall be considered a "closed account" beginning the first day of the next calendar month and the Transfer Agent may ▇▇▇▇ for such account until such time as the account is purged from the books of the Transfer Agent. -------------------------------------------------------------------------------- ▇▇▇ Custodial Fees Annual Maintenance (payable by shareholders) $20.00/Tax Id Number* *An additional $15.00 annual fee is charged to SIMPLE ▇▇▇ participants that choose to maintain manual recordkeeping services. -------------------------------------------------------------------------------- Small Account Fees Annual Fee for below minimum accounts (payable by shareholders) $20.00/Account -------------------------------------------------------------------------------- Out of Pocket Expenses

Open Account means an Account with an open balance.

Open Account means an account established for a Dealer by CNH Capital or CNH pursuant to which CNH Capital finances CNH Parts sold to the Dealer.