PayPal Operating Account definition

PayPal Operating Account means a deposit account maintained by PayPal at Xxxxx Fargo Bank pursuant to Section 6.1 of this Agreement.

Examples of PayPal Operating Account in a sentence

  • PayPal will ensure that Xxxxx Fargo Bank is technically able and legally entitled to directly debit such credit card processing chargeback fees and Chargeback Losses from the PayPal Operating Account.

  • PayPal's reimbursement of Xxxxx Fargo Bank for XXXx pursuant to this Section 5.2 shall be effected by Xxxxx Fargo Bank deducting the amount of DIA from the gross Transaction Amounts required to be deposited by Xxxxx Fargo Bank into the PayPal Operating Account in accordance with Section 6.2. If Xxxxx Fargo Bank is unable to do so for any reason, then Xxxxx Fargo Bank will be entitled to deduct the amount of DIA from the PayPal Operating Account.

  • PayPal shall be required to maintain the PayPal Operating Account and the PayPal Reserve Account until the end of ten months following the later of termination of this Agreement or the completion of the last Transaction processed by Xxxxx Fargo Bank under this Agreement, and at the end of such period, Xxxxx Fargo shall release the remaining balance of the reserve in full to PayPal.

  • Xxxxx Fargo Bank is authorized to effect payment to it of the fees as set forth in such Fee Calculation Statement by deducting the amount of such fees from the balance in the PayPal Operating Account at any time after 2:00 P.M., Pacific Time, on the second Business Day after PayPal received the related Fee Calculation Statement.

  • PayPal will reimburse Xxxxx Fargo Bank for the amount of any such Chargeback Losses, and Xxxxx Fargo Bank is entitled to deduct such Chargeback Losses from the PayPal Operating Account when received.

  • PayPal shall be entitled to receive regular statements to support any activity processed through the PayPal Reserve Account and the PayPal Operating Account after termination.

  • If there are not sufficient funds in the PayPal Operating Account to effect any payment due under this Section 5.1, PayPal shall pay the remaining amount due to Xxxxx Fargo Bank within 3 Business Days of receiving notice of such deficiency.

Related to PayPal Operating Account

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.

  • Participating Account a separate account investing all or a portion of its assets in the Trust, including the Account.

  • Completion Accounts means the consolidated balance sheet of the Target Group as at the close of business on the date of Completion and a consolidated profit and loss account of the Target Group for the period from the Last Accounts Date up to and including the date of Completion, which shall be prepared in accordance with Schedule 5.

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Holding Account means an account:

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Individual development account means a contract between an account holder and a fiduciary organization, for the deposit of funds into a financial institution by the account holder, and the deposit of matching funds into the financial institution by the fiduciary organization, to allow the account holder to accumulate assets for use toward achieving a specific purpose approved by the fiduciary organization.

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

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

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

  • Member Account means the regular account and the variable account.

  • Expense Account has the meaning given to such term in Section 3.01(a) hereof.

  • Retention Account means an interest bearing Dollar account of the Borrowers opened or (as the context may require) to be opened jointly by the Borrowers with the Account Bank and includes any sub-accounts thereof and any other account designated in writing by the Agent to be a Retention Account for the purposes of this Agreement;

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