Commercial Account Sample Clauses

Commercial Account. The term “COMMERCIAL ACCOUNT” means the commercial checking account to be established and maintained by any or all of the BORROWERS with the LENDER and which may be utilized as the means of advancing funds under the LOAN.
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Commercial Account an account identified by the Supplier via rate structures or other means, as generally being utilized by a commercial business;
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Commercial Account. You and we hereby agree that all License Fees and Additional Charges due under this Agreement concern a commercial account and are not a retail installment transaction in any respect.
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Commercial Account. Any account not included in the definition of Residential Account.
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Commercial Account. Any account used primarily for business purposes.
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Commercial Account. Borrower shall establish and maintain a ------------------ single designated commercial account (separate and distinct from any Blocked Account or Dominion Account) for the purpose of receiving the proceeds of the Revolver Advances requested by Borrower and made by Lender. Borrower may change such single designated commercial account upon delivery of written notice to Lender. Unless otherwise agreed by Lender and Borrower, any Revolver Advance requested by Borrower and made by Lender hereunder shall be made to such designated deposit account.
Sample 1
Commercial Account. The term ACOMMERCIAL ACCOUNT@ means the commercial checking account to be established and maintained by either or both of the BORROWERS with the LENDER and which may be utilized as the means of advancing funds under the LOAN.
Sample 1
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Related to Commercial Account

  • Special Account 1. For the purposes of this Schedule:

  • Clearing Account If the Servicer finds it necessary to use a clearing account, the following guidelines must be followed:

  • Control Account The Agent shall open and maintain on its books a control account in the name of the Borrower showing the advance of the Loan and the computation and payment of interest and all other sums due under this Agreement. The Borrower’s obligations to repay the Loan and to pay interest and all other sums due under this Agreement shall be evidenced by the entries from time to time made in the control account opened and maintained under this Clause 17.7 and those entries will, in the absence of manifest error, be conclusive and binding.

  • Financial Accounts Exhibit E, as may be updated by the Borrower in a written notice provided to Agent after the Closing Date, is a true, correct and complete list of (a) all banks and other financial institutions at which Borrower or any Subsidiary maintains Deposit Accounts and (b) all institutions at which Borrower or any Subsidiary maintains an account holding Investment Property, and such exhibit correctly identifies the name, address and telephone number of each bank or other institution, the name in which the account is held, a description of the purpose of the account, and the complete account number therefor.

  • General Account All assets of SBL other than those allocated to the Separate Account or any other separate account of SBL. GUARANTEE PERIOD Current Interest, if declared, is fixed for rolling periods of one or more years, referred to as Guarantee Periods. SBL may offer Guarantee Periods of different durations. The Guarantee Period that applies to any Fixed Account Contract Value:

  • Investment Account The Manager shall maintain an investment account or accounts in the Manager’s name (the “Account”) on behalf of the Principal, any other participating insurer affiliated with the Principal and/or the Ultimate Parent Company, an insurance subsidiary or affiliate of the Principal and/or the Ultimate Parent Company or a pension plan or profit-sharing plan of the Principal, its insurance subsidiaries or affiliates, (collectively, the “Participants”), and shall hold therein all debt obligations, accounts or deposits permitted by the New Hampshire Insurance Code as more fully described on Exhibit A, as may be amended from time to time, and attached hereto and incorporated herein (collectively, “Investments”), deposited in or purchased or otherwise acquired for and on behalf of the Principal and the Participants from time to time pursuant to the terms and conditions of this Agreement. All Investments in the Account shall be Short-Term Obligations.

  • Concentration Account Concentration Account" has the meaning set forth in Section 2.3.

  • Payment Account (a) On or prior to the Closing Date, the Property Trustee shall establish the Payment Account. The Property Trustee and any agent of the Property Trustee shall have exclusive control and sole right of withdrawal with respect to the Payment Account for the purpose of making deposits in and withdrawals from the Payment Account in accordance with this Trust Agreement. All monies and other property deposited or held from time to time in the Payment Account shall be held by the Property Trustee in the Payment Account for the exclusive benefit of the Securityholders and for distribution as herein provided, including (and subject to) any priority of payments provided for herein.

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