Payment Accounts definition
Payment Accounts. The credit card account, debit card account (including Payzer Debit Cards) or Bank Account that is used to fund a payment.
Payment Accounts means the accounts created by the School Districts pursuant to the Note Resolutions.
Payment Accounts means the payment accounts created by the Local Agencies pursuant to the Note Resolutions.
Examples of Payment Accounts in a sentence
Any and all funds at any time on deposit in, or otherwise to the credit of, the Payment Accounts shall be held in trust by the Collateral Agent for the benefit of the Lenders (and the other Secured Parties).
The Payment Accounts shall remain at all times with an Eligible Account Bank and the amounts therein shall remain uninvested.
No Loan Party shall have any legal, equitable or beneficial interest in the Payment Accounts other than in accordance with the Priority of Payments.
In the event that the account bank at which the Payment Accounts is maintained ceases to be an Eligible Account Bank, or the account bank with respect to the Payment Accounts gives notice that it is terminating the Account Control Agreement, then Borrower shall, within 60 days of such occurrence, move the Payment Accounts to an Eligible Account Bank (with the consent of the Administrative Agent) and cause the successor account bank to enter into a control agreement.
Cash on deposit in any Covered Account (other than the Payment Accounts) may be invested at any time in Eligible Investments in accordance with Article VIII.
More Definitions of Payment Accounts
Payment Accounts means the Administrative Agent's New York Account and the Administrative Agent's London Accounts.
Payment Accounts has the meaning assigned to such term in Section 6.11(c).
Payment Accounts has the meaning specified in Section 6.10. ----------------
Payment Accounts shall have the meaning set forth in Section 1.2 of the Depositary Agreement.
Payment Accounts means the interest bearing accounts of the Issuer with the Account Bank into which amounts shall be transferred by the Collateral Administrator on the Business Day prior to each Payment Date out of (to the extent applicable) the other Accounts and out of which the amounts required to be paid on each Payment Date, each as provided pursuant to the Priorities of Payment, shall be paid and “Payment Account” shall mean any one of them;
Payment Accounts means the checking account(s) from which you have asked us to make Online Bill Payments. "Deposit Account(s)" refers collectively to Personal Deposit Accounts and Business Deposit Accounts. “Credit Accounts” refers collectively to Personal Credit Accounts and Business Credit Accounts. "Billing Account" is the Checking Account that you designate for the deduction of service charges and other fees related to the Service. ”Accounts” when used alone refers generally to the various account types defined herein that you have with us. “Payments to ▇▇▇▇▇▇(s)” drawn on or debited against the Accounts are referred to as “Payments.” “Trust Account(s)” means the account(s) for which you are a fiduciary, that are maintained with the Commerce Trust Company, and that are enrolled in Wealth Manager. “Wealth Manager” means the Commerce Bank system that allows select Commerce Trust Company customers and their designated Interested Parties to access Trust Accounts electronically through the Commerce Trust Company’s website and also allows those customers to enter Online Banking to use the Service. “Wealth Manager Customer” means a customer who has enrolled in Wealth Manager through the Commerce Trust Company. In our sole discretion, we may refuse to include, or may exclude from continued use, an Account in the Service. The words "we", "us" and "our" refer to Commerce Bank, the bank which holds the Deposit Accounts accessed by the Service, and any agent, independent contractor or assignee Commerce Bank may, in its sole discretion, involve in the provision of the Service. “Commerce Trust Company” is a division of Commerce Bank. CheckFree Services Corporation ("CheckFree") is an independent contractor with whom Commerce Bank has contracted to implement portions of the Service. “Metevante” is an independent contractor with whom Commerce Bank has contracted to implement Wealth Manager. The words “Customer,” "you" and "your" refer to each person subscribing to the Service and each person who uses the Service with the permission of the subscriber. “Business Account Administrator” refers to the person who subscribes to the Service on behalf of the Business and who uses the Services with the express knowledge and permission of the Business. of the Service at any time if it has reasonable belief that you are no longer authorized as the Business Account Administrator. "Business Days" are Monday through Friday. Federal Reserve holidays are not included. You can use the Service on the da...
Payment Accounts means the checking account(s) from which you have asked us to make Online Bill Payments. "Deposit Account(s)" refers collectively to Personal Deposit Accounts and Business Deposit Accounts. “Credit Accounts” refers collectively to Personal Credit Accounts and Business Credit Accounts. "Billing Account" is the Checking Account that you designate for the deduction of service charges and other fees related to the Service. ”Accounts” when used alone refers generally to the various account types defined herein that you have with us. “Payments to ▇▇▇▇▇▇(s)” drawn on or debited against the Accounts are referred to as “Payments.” “Trust Account(s)” means the account(s) for which you are a fiduciary, that are maintained with the Commerce Trust Company, and that are enrolled in Wealth Manager. “Wealth Manager” means the Commerce Bank system that allows select Commerce Trust Company customers and their designated Interested Parties to access Trust Accounts electronically through the Commerce Trust Company’s website and also allows those customers to enter Online Banking to use the Service. “Wealth Manager Customer” means a customer who has enrolled in Wealth Manager through the Commerce Trust Company. In our sole discretion, we may refuse to include, or may exclude from continued use, an Account in the Service.