ACH Account definition

ACH Account means the deposit Account Company designates to be debited or credited in order to offset the debit and credit Entries Company originates.

ACH Account means the account designated in writing by Borrower and Agent as the ACH Account for purposes of this Agreement in the name of Borrower maintained at Bank.

ACH Account means your business account to which Entries will be credited or debited.

Examples of ACH Account in a sentence

• You agree to pay any and all applicable fees, and you authorize us to deduct the amount of each fee from the applicable ACH Account.

• Entries transmitted by us, debited or credited to a Receiver’s account maintained with us will be reflected on your periodic Statement for the Designated ACH Account.

• In either case, once we have debited the ACH Account for the funds required by the Entry, those funds will not be available to you for any other purpose, including the payment or settlement of other items from that ACH Account.

• You understand that we may debit the ACH Account either by actually deducting funds from the ACH Account or by placing a hold on funds in the ACH Account.

• Company will maintain an ACH Account with Bank at all times during the term of the Agreement.

More Definitions of ACH Account

ACH Account shall have the meaning given to such term in the Servicing Agreement.

ACH Account means the deposit account established by Servicer for the benefit of the lenders in the GreenSky® Program at Fifth Third Bank or such other financial institution customarily utilized by Servicer with respect to other lenders and approved by Buyers (which approval will not unreasonably be withheld or delayed), to which the Borrowers are instructed to remit ACH payments on the Loans.

ACH Account means each Deposit Account designated by Customer for access using the ACH Service in the ACH Service section of the Enrollment Form, and as otherwise permitted by Bank from time to time, and also means all of such ACH Accounts collectively. Bank may, without prior notice of demand, obtain payment of any amount due and payable to it under this ACH Addendum by debiting any ACH Account and shall credit such ACH Account for any amount received by Bank by reason of the return of an Entry transmitted by Bank for which Bank has previously received payment from Customer. Such credit shall be made as of the day of such receipt by Bank.

ACH Account. The account established pursuant to the ACH Agreement by the Issuer at the ACH Bank in the name of the Indenture Trustee for the sole benefit of the Noteholders for receipt of ACH credits related to the Lease Receivables.

ACH Account. The account, if any, established by the Transferor for the sole benefit of the Certificateholders and MBIA pursuant to Section 12.02(f) hereof and in compliance with Section 3.03(d) of the Servicing Agreement, into which account shall be deposited payments related to the Lease Receivables and as to which account the Trustee shall have the sole ability to withdraw funds.

ACH Account. Any account maintained by an ACH Bank into which account shall be deposited electronic debit payments related to the Receivables.

ACH Account means an Account designated by the Customer for any ACH transaction. “ACH Operator” means the Federal Reserve Bank that provides ACH clearing services.