Approved Account definition

Approved Account means an Account representing a sale to a Customer within the terms of a Credit Line established for such Customer on Client’s normal selling terms or within the Single Order Approval issued by Factor provided that delivery is completed while such Credit Line or Single Order Approval remains in effect and such Account has not been charged back to the Client.

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Approved Account means an Account subject to an Approved Account Sale.

Approved Account. An Account representing a sale to a customer within the credit line established for such customer on Client's normal selling terms or within the single order credit approval given by Hell▇▇ ▇▇▇ orders from such customer provided that Delivery is completed while the credit line or single order credit approval remains in effect and which has not been charged back to Client. "Approved Payment Date" -- The date which is one hundred twenty (120) days after the due date for payment of an Approved Account.

Examples of Approved Account in a sentence

• Merchant agrees to provide Purchaser with ongoing and continuous streaming access to the Approved Account, via Purchaser’s online banking link, including by providing all necessary passwords and online log-in information.

• The origination of ACH transactions to Customer’s bank accounts, including, but not limited to, the Approved Account, must comply with the provisions of U.S. law.

• Customer agrees not to deposit any funds into the Approved Account other than funds arising from Future Receipts.

• If access is interrupted for any reason, Customer agrees to relink Purchaser to the Approved Account within 24 hours of receiving Notice from Purchaser.

• The origination of ACH transactions to Merchant’s bank accounts, including, but not limited to, the Approved Account, must comply with the provisions of U.S. law.

More Definitions of Approved Account

Approved Account means (i) each Eligible Account that is a MasterCard, VISA, or Discover account or (ii) any other revolving credit consumer credit card account the inclusion in the Trust of which would not cause a Ratings Event.

Approved Account means an account that has been verified at BlackBull Markets sole discretion. “Eligible Trades” means the trades included in clause 5.1

Approved Account and “Approved Accounts” shall have the respective meanings assigned thereto in paragraph 12(b) hereof.

Approved Account means an external bank account approved by Custodian for sending (or receiving) cash transfers to (or from) the Client’s Cash Account, whether beneficially owned by Client or a third party.

Approved Account means (a) the Operating Account, (b) the Reserve Account and (c) any other deposit account of a Credit Party at a financial institution, which may only be opened upon notice to the Administrative Agent (which notice shall include a description of the proposed use of such account) and so long as such account is subject to a first-priority Lien in favor of the Collateral Agent for the benefit of the Secured Parties subject to no other Liens other than customary liens of such financial institution that are acceptable to the Collateral Agent.

Approved Account means an Account that has been approved by Factor pursuant to Section 2 hereof, to the extent of the dollar amount of such approval, by reason of the fact that the utilization of telecommunications network capacity giving rise to such Account occurred while the credit approval or credit line was in effect.

Approved Account. An Account with respect to which we have issued a credit approval which has not subsequently been withdrawn.