Repurchase Account definition

Repurchase Account means an Account that is subject to repurchase by the Hospital pursuant to Section TV hereof.
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Repurchase Account means each conditional sales contract, retail installment sales agreement or note relating to a marine or recreational vehicle loan, and each security agreement or preferred ship mortgage related thereto, that was transferred by Chase in connection with an Old Securitization, or a New Securitization or transferred to CIT or CITNY pursuant to the Purchase Agreement and subsequently repurchased by Chase as a result of a breach of representation and warranty made by Chase in connection with such Old Securitization, New Securitization or the Purchase Agreement, as the case may be;
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Repurchase Account means an account funded with five percent of Adjusted Cash From Operations, which is used to repurchase Units, as described in Paragraph 22.
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Examples of Repurchase Account in a sentence

  • Funds held in the Repurchase Account are not FDIC insured, may lose value, and have no bank guarantee.

  • The interest rate paid on the Repurchase Account is set by Shelby State Bank.

  • While you can access your Repurchase Account using Internet Banking, there are some differences between a Repurchase Account and a regular demand deposit account.

  • With a Repurchase Account, the balances in the “checking” portion are held in a FDIC account or swept to/from the Repurchase Account which is collateralized by securities.

  • With a Repurchase Account, the balances in the “checking” portion are held in a FDIC account, or swept to/from the Repurchase Account which is collateralized by securities.

  • All inquiries from the Repurchase Account customers should be directed to: Shelby State Bank Attn: Xxxx Xxxxxxx X.X. Xxx 000 Xxxxxx, XX 00000 Telephone: 000-000-0000 LIMITS ON INTERNET BANKING TRANSACTIONS You may use Internet Banking to check the balance of your accounts and to transfer funds among your accounts.

  • When a deposit/withdrawal occurs it will first be credited/debited in the checking account, and any shortage or excess of funds will be transferred to/from the Repurchase Account.

  • Customer must execute Bank’s Repurchase Account Agreement (a “Master Repurchase Agreement”), the terms of which are incorporated herein by reference.

Related to Repurchase Account

  • Purchase Account means the account so designated in each Purchase and Remarketing Fund.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Note Account As defined in the Indenture.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

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

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

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

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Redemption Account means, in respect of ETP Securities, a bank account to receive payments in the Relevant Currency of the Optional Redemption Amount in respect of the redemption of such ETP Securities, which account shall be:

  • Exchange Note Collection Account means the account established under Section 4.1(a) of the Servicing Supplement.

  • Collection Accounts As defined in Section 3.10(a).

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

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

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Special Payments Account Means, with respect to the Class A Certificates, the account or accounts created and maintained for such series pursuant to Section 4.01(b) of the Basic Agreement (as modified by Section 7.01(c) of this Trust Supplement) and this Trust Supplement.

  • Transferred Account means each account into which an Account is transferred, provided that (i) such transfer is made in accordance with the Credit Card Guidelines and (ii) such account can be traced or identified as an account into which an Account has been transferred.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

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

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Share Account means the brokerage account established by the Agent for each Participant to which shares of Common Stock purchased under the Plan are credited in accordance with Section 9. The Share Account will be established pursuant to a separate agreement between each Participant and the Agent.