Teller Account definition

Teller Account means an account of Lender maintained for the purpose of -------------- receiving deposits and transfers of proceeds of Collateral (including without limitation deposits and transfers from the Blocked Collection Account) for application to the Secured Obligations.
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Examples of Teller Account in a sentence

  • Certain electronic fund transfer services such as the KayDe, 24-Hour Telephone Teller Account Access System, the Home Banking and Bill Payment service, and the Mobile Banking service may allow any user to obtain information about the Primary Member and all of the Primary Member’s Credit Union Accounts, including all share and loan Account information, even if the user is not an Owner or is not otherwise authorized on all of the Primary Member’s Accounts.

  • All deposits to each Agency Account shall be transmitted to the Lender for deposit to the Teller Account in accordance with the procedures set forth in the applicable Agency Account Agreement.

  • Any and all other deposits consisting of cash, wire or electronic transfers or other immediately available cash equivalents (including any such deposits received directly from an Account Debtor as provided in Section 7.1(d)), shall be deemed received and applied -------------- as of the later of the Business Day of deposit thereof to the Teller Account or notification of such deposit to Lender by Borrower, such Guarantor, or such Account Debtor.

  • All deposits to each Agency Account shall be transmitted to Lender for deposit to the Teller Account in accordance with the procedures set forth in the applicable Agency Account Agreement.

  • Any and all other deposits consisting of cash, wire or electronic transfers or other immediately available cash equivalents (including any such deposits received directly from an Account Debtor as provided in Section 7.1(d)), shall be deemed received and applied as of the later of the Business Day of deposit thereof to the Teller Account or notification of such deposit to the Lender by the Borrower, such Guarantor, or such Account Debtor.