Examples of Repayment Account in a sentence
The Company agrees to notify the CEP monthly as to the current Repayment Account balance.
The CEP shall owe the Company and be liable for the current balance in the Repayment Account.
The CEP's obligation to reimburse the Company in the amount of the balance in the Repayment Account shall survive the termination of the CEP's Contract with the Company.
In the event of default by the CEP, the total Repayment Account balance shall become due and payable within twenty (20) business days of receipt of written notice, as reimbursement for the Early Contracted Capacity Payments made to the CEP by the Company.
If you receive your Assigned Salary and/or salary advances in your Repayment Account, ADCB may in its sole discretion apply it/them to prepayments to any amounts outstanding under the Loan, or debit future monthly instalments from your Repayment Account, in which case the number of instalments shall correspond to the number of months’ salary received in advance.