Secured Account means a Credit Card Account that is subject to an agreement between the related Obligor and the Seller pursuant to which such Obligor has provided security to the Seller in respect of the payment of the Receivables under such Credit Card Account, other than a Credit Card Account that is subject to an agreement between the related Obligor who is an individual or individuals and the Seller pursuant to which such Obligor has provided security to the Seller solely in respect of the payment of the Receivables under such Credit Card Account.
Secured Account means the Secured Unallocated Account and the Secured Allocated Account held in the name of the Issuer with the Secured Account Custodian in respect of this Series of ETC Securities.
Secured Account means an Account owned by the Account Owner under which the payment obligations of the Obligor are secured by the Funds Collateral.
Examples of Secured Account in a sentence
Only funds deposited into the Secured Account after the loan is made will secure this loan.
However, we reserve our statutory lien rights and rights to set-off or administrative freeze under federal or state law, which gives us the right to apply the sums in the Secured Account or any other account(s) you have with us to satisfy your obligations under this loan.
Any cross-collateralization provision contained in your loan or account documents will not apply to the Secured Account or your other share or deposit accounts for any loan subject to the Military Lending Act.
Only funds deposited into the Secured Account after the credit card is established will secure advances.
Any cross-collateralization provision contained in your credit or membership documents will not apply to the Secured Account or your other share or deposit accounts for this account.
More Definitions of Secured Account
Secured Account means any Account for which the related Obligor has pledged assets or made a cash collateral deposit as security for payment of the Receivables arising in such Account.
Secured Account means, in respect of a series of Collateralised Securities, each of the Pledged Securities Account and the Pledged Cash Account relating to such series.
Secured Account means one or more accounts with financial institutions located in Mexico subject to a perfected security interest in favor of the Collateral Agent pursuant to the Mexican Generic Non-Possessory Pledge Agreement or otherwise held by the Security Trustee. As of the Closing Date, the Secured Accounts are as set forth in Schedule 4.27.
Secured Account is a deposit account held at First Electronic Bank, Member FDIC and its successors and assigns (collectively, “FEB,” “we,” “us,” or “our”), and is used to secure obligations on the secured charge card account (“Card Account”) associated with your Imprint Account. The terms “you,” “your,” and “yours” mean you and any other person who is contractually liable under the agreement governing the Card Account (“Cardholder Agreement”). The Imprint Account is serviced by Imprint Payments, Inc. (“Imprint”) on behalf of FEB, and any FEB rights, responsibilities or obligations under this Secured Account Agreement may be performed or otherwise delegated to Imprint on FEB’s behalf. This Secured Account Agreement supplements the Cardholder Agreement. Other terms of the Cardholder Agreement apply to this Secured Account Agreement, including the Arbitration Provision of the Cardholder Agreement which shall govern all disputes arising from this Secured Account Agreement. The terms of this Secured Account Agreement shall survive and continue to apply to the Secured Account following closure of the Card Account or the Secured Account, and shall be binding on you even if you cancel your Card Account or do not accept the Cardholder Agreement. You agree that this Secured Account Agreement, including the security interest provisions, forms a binding contract and makes up the entire agreement between you and FEB regarding the handling of the Secured Account and any Secured Funds. This Secured Account Agreement applies to the Secured Account maintained at FEB, as well as all substitutions and replacements thereof, that has been assigned or pledged by you as security for your Card Account. By using or permitting others to use your Card Account and Card, you are agreeing to be bound by the terms of this Secured Account Agreement. In consideration of the issuance of your Card Account, you authorize FEB to open the Secured Account in your name. If you don’t make the required payments on your Card Account, we will use the Secured Funds in your Secured Account to satisfy the outstanding amounts due on your Card Account.
Secured Account means the Lockbox Account (as that term is defined in the Security Agreement). “Secured Creditors” has the meaning given it in the Security Documents.
Secured Account means an Account that is secured by a deposit account or other secured method as established by Seller.
Secured Account means an Account for which the customer is required to maintain a Collateral Deposit with the Bank as collateral for the payment of the Debt in such Account. “Visa* Conditions” is further defined in Section 18.