Transit Account definition

Transit Account means an Account opened for an NSD Payment System Participant (being a Russian resident non-credit institution) concurrently with an Account in a foreign currency for the purpose of crediting, in full, any amounts received in the foreign currency in favour of the NSD Payment Participant, as required by the currency legislation of the Russian Federation;
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Transit Account means a designated bare trust account opened and maintained by us in BSNL’s name on behalf of our clients generally, including you, as beneficiaries, with the Transit Account Provider, for the purposes of holding funds immediately following their withdrawal from Deposit Accounts but prior to their being used to acquire Electronic Money;
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Transit Account means any “Transit Accounts”;
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Examples of Transit Account in a sentence

  • With respect to any ITS project financed with Federal assistance derived from a source other than Highway Trust Funds (including funds from the Mass Transit Account) or 23 U.S.C. 517(d), the GOVERNMENTAL BODY assures that is will use its best efforts to ensure that any ITS project it undertakes will not preclude interface with other intelligent transportation systems in the Region.

  • This is required in order to ensure the funds are kept separate from other funds you may load into your Ventra Transit Account.

  • Fares and any transfers for additional riders must be paid from Transit Value in your Ventra Transit Account or on a PAYG basis.

  • Your Ventra Transit Account will be charged for rides taken until Ventra is notified that a linked card or mobile device is lost, stolen, or damaged.

  • You may also load Transit Value into the Ventra Transit Account linked to your MSP Ventra Card to pay fares on Pace.

  • Upon such termination, your use of your Ventra Transit Account may be blocked.

  • If you cancel your Ventra Transit Account or if your Ventra Transit Account is terminated pursuant to these terms, you will remain responsible for any and all fares that are due or become due on your account.

  • After the card or mobile device is unlinked, it can no longer access your Ventra Transit Account or be used for travel.

  • If there is remaining value in your Ventra Transit Account, it will continue to be available to you for transit.

  • If you purchase a pass at a Ventra vending machine using cash and do not have the exact cost of the pass, the overpayment will be applied to your Ventra Transit Account as Transit Value.


More Definitions of Transit Account

Transit Account means an e-wallet in TRANSIT System which enables the TRANSIT User to send and receive payments.
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Transit Account is defined in Clause 6.2(d) .
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