SD Account definition

SD Account means an interest bearing deposit account with Barclays Bank plc in the name of the Purchaser’s Lawyers;
Sample 1
SD Account means any one of the accounts opened by the Bank pursuant to Clause 2.4 above;
Sample 1
SD Account means any of the Company’s accounts (including any future accounts that SD generates for the Company) that is either an Original SD Account or a New SD Account. On any particular date, an account that is otherwise an SD Account is no longer deemed such if, on such date, more than 180 days have elapsed since the account was last tested by the Company. In addition, with respect to the Original SD Accounts, until more than 180 days have elapsed from the date of this Operating Agreement, no such account will lose its status as an SD Account. An SD Account that is no longer deemed such for lack of testing by the Company during the aforesaid 180-day period may again be deemed an SD Account by meeting the conditions for becoming and remaining such account in this Operating Agreement.
Sample 1

Examples of SD Account in a sentence

  • Unless otherwise agreed to and subject to such terms as may be stipulated by BOC, premature withdrawals of any CLI or SD shall only be made at the branch or sub-branches of BOC where the CLI Account and/or SD Account has/have been opened.

  • Pa r a gr a phs 38 t o 47 of t he r e por t i ndi c a t e d t ha t ce r t a i n l e gi s l a t i on di d not co mpl y wi t h Cove na nt nor ms r e l a t i ng t o l i be r t y and s e c ur i t y of t he per s on.

  • The Account Holder agrees to verify the accuracy of any Statement of the CLI / SD Account that the Account Holder receives from BOC and to notify BOC within eight (8) calendar days from the date of the statement of any omission, debits or withdrawals wrongly made, or any inaccurate entries in the statement.

  • BOC may send Statements of the CLI / SD Account to the Account Holder at monthly intervals or at such intervals as determined by BOC.

  • A CLI Account or a SD Account may be opened in the name of a sole Account Holder (who is an individual of or above 21 years of age, an organisation, a sole proprietorship, a partnership or a corporation) or in the joint names of one or more Account Holders (who are individuals and each of whom are of or above 21 years of age).

  • Any contractor claim out of compliance with these regulations will result in non-payment of claim/s prior to or during the cost report settlement process.

  • Subject to the other terms in these CLI/SD Terms, the Account Holder may instruct BOC to pay any amount or amounts from the CLI Account and/or SD Account to a beneficiary other than the Account Holder.

  • If there occurs in relation to the CLI Account and/or SD Account or transactions thereunder an Extraordinary Event, BOC shall have the sole and absolute discretion to determine any adjustments or action necessary in relation to such CLI Account and/or SD Account, such transaction or any or all transactions in view of the Extraordinary Event.

  • The Bank may discharge its liability to the Customer for any money in the closed SD Account by sending a cheque or draft in such currency as the Bank deems fit in its absolute discretion by ordinary post to the last known address of the Customer in the Bank’s record.

  • Notwithstanding the foregoing the Bank is entitled upon the death of any one of the account holders of an SD Account to suspend or close the SD Account without notice.

Related to SD Account

  • Related Account means an Account with respect to which a new account number has been issued by the applicable Account Owner or the Servicer (a)(i) resulting from a lost or stolen credit or charge card relating to such Account (if such Account is a credit or charge card account) or (ii) under circumstances not requiring the standard application and credit evaluation procedures under the Credit Guidelines applicable to such Account, and (b) that can be traced or identified by reference to or by way of Schedule 1 to this Agreement and the computer or other records of the applicable Account Owner or the Servicer.

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

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Linked Account means any controlled disbursement account or other deposit account at any time linked to any of the Collection Accounts maintained at Truist Financial Corp. by a zero balance account connection or other automated funding mechanism.

  • Note Account As defined in the Indenture.

  • Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

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

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

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

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • 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.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Qualified Account means an Account of Borrower generated in the ordinary course of Borrower's business from the rendition of Healthcare Services pursuant to a Customer Contract which Lender, in its sole credit judgment, deems to be a Qualified Account. Without limiting the generality of the foregoing, no Account shall be a Qualified Account if: (a) the Account or any portion of the Account is payable by an individual beneficiary, recipient or subscriber individually and not directly to Borrower by an Account Debtor acceptable to Lender in its sole discretion; (b) the Account remains unpaid more than one hundred and twenty (120) calendar days past the claim or invoice date (but in no event more than one hundred and thirty five (135) calendar days after the applicable Healthcare Services have been rendered); (c) the Account is subject to any defense, set-off, counterclaim, deduction, discount, credit, chargeback, freight claim, allowance, or adjustment of any kind; (d) any part of any goods the sale of which has given rise to the Account has been returned, rejected, lost, or damaged; (e) if the Account arises from the sale of goods by Borrower, the sale was not an absolute sale, or the sale was made on consignment or on approval or on a sale-or-return basis, or the sale was made subject to any other repurchase or return agreement, or the goods have not been shipped to the Account Debtor or its designee; (f) if the Account arises from the performance of Healthcare Services, where the Healthcare Services have not been actually been performed or the Healthcare Services were undertaken in violation of any law; (g) the Account is subject to a lien other than a Permitted Lien; (h) Borrower knows or should have known of the bankruptcy, receivership, reorganization, or insolvency of the Account Debtor; (i) the Account is evidenced by chattel paper or an instrument of any kind, or has been reduced to judgment; (j) the Account is an Account of an Account Debtor having its principal place of business or executive office outside the United States; (k) the Account Debtor is an Affiliate or Subsidiary of Borrower; (l) more than twenty percent (20%) of the aggregate balance of all Accounts owing from the Account Debtor obligated on the Account are outstanding more than one hundred and twenty (120) calendar days past their invoice date; (m) fifty percent (50%) or more of the aggregate unpaid Accounts from any single Account Debtor are not deemed Qualified Accounts under this Agreement; (n) the total unpaid Accounts of any single Account Debtor exceed twenty percent (20%) of the net amount of all Qualified Accounts; (o) any covenant, representation or warranty contained in the Loan Documents with respect to such Account has been breached; (p) any Account which is based on a contract which is invoiced and/or paid based on a percentage of completion basis; (q) any Account which is based on a contract in which Borrower is paid for services and which services have not yet been fully provided by Borrower; (r) any license fee (other than fees which are paid on a month-to-month basis and are otherwise eligible hereunder); or (s) the Account fails to meet such other specifications and requirements which may from time to time be established

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Transfer Account means the account established hereunder to which amounts transferred to this Plan from a direct plan-to-plan transfer in accordance with Section 4.7 are allocated.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

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