Book Account means the account to which all monies owing to Seller by AEG shall be credited and all monies owing by Seller to AEG shall be charged. All monies owing by either party will be entered into the Book Account on the day they become due. An Overdraft shall be payable on demand. Any (i) Overdraft, or (ii) payment or charge due from Seller to AEG under the terms of this Agreement which is not paid when due, including, but not limited to, any Service Fee, Discount Fee or Charge-back Payment which is not paid when due (a "Past Due Charge"), may be set-off at any time against any amount which would otherwise be due from AEG to Seller. Any (i) Overdraft or (ii) Past Due Charge shall bear interest for each day it is outstanding until paid in full at the rate of twenty four percent (24%) per annum. Interest shall be charged daily and posted to the Book Account monthly. AEG each month shall provide Seller with an account statement which lists all charges and credits to the Book Account in the previous month. Each account statement shall be conclusively presumed to be correct in all respects, except for specific objections which the Seller makes in writing within fifteen (15) days from the date upon which the account statement is sent.
Book Account means the book entry account maintained on behalf of each Participant by the Company (or a recordkeeper designated by the Company) for the purpose of accounting for the cash contributions withheld from payroll pending an investment in Stock.
Book Account means a bookkeeping record of Compensation deferred by each Participant and of interest, capital gains or losses, and other income attributable to said deferred compensation. Book Accounts shall be maintained in the name of each Participant.
Examples of Book Account in a sentence
Confirmation of trades will be made online as the trades are executed and should immediately be reflected in the Customer’s trading platform, including but not limited to, FXDD Margin Monitor, FXDD Open Positions window, FXDD Spot Book, Account Statement Report and Trade History Report.
Trades done over the telephone will be executed for the Customer’s Account on their behalf and also be reflected online in various software programs, including but not limited to, FXDD Margin Monitor, FXDD Open Positions Window, FXDD Spot Book, Account Statement Report and in its trade history report.
Trades done over the telephone will be executed for the Customer’s Account on their behalf and also be reflected online in the FXDD Margin Monitor, FXDD Open Positions Window, FXDD Spot Book, Account Statement Report and in their trade history report.
ATTORNEY FEES IN CIVIL MATTERSWhen the Clerk will enter Judgment for Attorney Fees: Open Book Fees: If the complaint pleads a cause of action on Open Book Account for a debt owing by a natural person for goods, money or services, which were primarily for personal, family, or household purposes, the clerk, will enter a requested award of attorneys’ fees of $960, or 25 percent of the obligation, whichever is less.
If the exact amount cannot be confirmed, the basis for calculating such figures will be disclosed.
More Definitions of Book Account
Book Account means a detailed statement which constitutes the principal record of one or more transactions between a debtor and a creditor arising out of a contract or some fiduciary relation,
Book Account means the account maintained by Purchaser for the Seller pursuant to Section 1(c). e. "Charge-back Payment" shall have the meaning set forth in Section 6(b). f. "Client Risk Receivable" shall have the meaning set forth in Section 1(b). g. "Collateral" shall mean those assets owned by Seller which are subject to Purchaser's security interest granted in Section 5(b). h. "Discount Fee" shall have the meaning set forth in Section 1(b). i. "Dispute" shall mean a dispute, deduction, claim, offset, defense or counterclaim of any kind, whether bona fide or not, including, without limitation, any dispute relating to goods or services already paid for or relating to Receivables other than the Receivable on which payment is being withheld. j. "Factor Risk Receivables" shall have the meaning set forth in Section 1(b). k. "Maximum Permitted Advance" shall be the amount obtained by multiplying the Advance Rate Percentage by the sum of the Net Invoice Values of all Factor Risk Receivables in a Receivable Pool. l. "Net Invoice Value" shall mean, as to any Receivable, the amount shown on the original invoice therefore as being payable in cash by the customer owing the same, net of all commissions, discounts (other than prompt payment discounts), allowances, and credits granted by Seller or claimed by the Account Debtor. m. "Obligations" shall have the meaning set forth in Section 5(b). n. "Overdraft" shall mean any negative balance in Seller's Book Account. o. "Receivable" or "Receivables" shall have the meaning set forth in Section 1(a). p. "Residual" shall have the meaning set forth in Section 1(b)(ii). q. "Seller" shall mean [COMPANY NAME], and its subsidiaries, if any. r. "Service Fee" shall have the meaning set forth in Section 1(b). s. "Supporting Documents" shall mean original invoices, confirmed purchase orders, insertion orders, contracts, approvals, shipping documents, and any other documents which AEG may require or specify with respect to a Receivable. t. "Termination Fee" shall mean the fee which may become payable to Purchaser on termination of this Agreement pursuant to Section 16.
Book Account means the account to which all monies owing to Seller by AEG shall be credited and all monies owing by Seller to AEG shall be charged. All monies owing by either party will be entered into the Book Account on the day they become due. An Overdraft shall be payable on demand. Any (i) Overdraft, or (ii) payment or charge due from Seller to AEG under the terms of this Agreement which is not paid when due (a "Past Due Charge"), may be set-off at any time against any amount which would otherwise be due from AEG to Seller. Any (i) Overdraft or (ii) Past Due Charge shall bear interest for each day it is outstanding until paid in full at the rate of twenty four percent (24%) per annum. Interest shall be charged daily and posted to the Book Account monthly. AEG each month shall provide Seller with an account statement which lists all charges and credits to the Book Account in the previous month. Each account statement shall be conclusively presumed to be correct in all respects, except for specific objections which the Seller makes in writing within fifteen (15) days from the date upon which the account statement is sent.
Book Account means the account maintained by Purchaser for the Seller pursuant to Section 1(c). d. "Client Risk Receivable" shall mean any Receivable that is (i) not supported or documented by Supporting Documents which are satisfactory to AEG, (ii) with an Account Debtor which has an invoice which is outstanding for more than ninety (90) days, or (iii) unacceptable to AEG for any other reason in the exercise of its sole discretion. e. "Collateral" shall mean those assets owned by Seller which are subject to Purchaser's security interest granted in Section 6(b). f. "Dispute" shall mean a dispute, deduction, claim, offset, defense or counterclaim of any kind, whether bona fide or not, including, without limitation, any dispute relating to goods or services already paid for or relating to Receivables other than the Receivable on which payment is being withheld. g. "Factor Risk Receivables" shall mean all Receivables in a Receivable Pool other than Client Risk Receivables. h. "Line of Credit" shall have the meaning set forth in Section 2(a). i. "Net Invoice Value" shall mean, as to any Receivable, the amount shown on the original invoice therefore as being payable in cash by the customer owing the same, net of all commissions, discounts (other than prompt payment discounts), allowances, and credits granted by Seller or claimed by the Account Debtor.
Book Account refers to a ledger account or other accounting mechanism used to maintain a detailed record of debits and credits of SEP Funds separate from any other funds.