CRC account definition

CRC account means the account maintained with us in respect of the CRC facility and where the context requires, shall be deemed to include a joint CRC account and “Joint CRC account” means a CRC account jointly maintained in 2 names and a “joint customer” means a person in whose name a Joint CRC account is maintained;
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CRC account means the Ringgit Current Account maintained with us in respect of the CRC Facility which is an Account for the purposes of the Citibank Accounts T&C;
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CRC account means the cash component of the Participant Contributions and any Third Party Contributions, held in an account by the Company.
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Examples of CRC account in a sentence

  • We are entitled to debit your CRC account with the amount previously credited in relation thereto if any cheques or drafts are subsequently dishonoured.

  • You shall not authorize, expressly or impliedly, any third party to operate your CRC account (by power of attorney or otherwise) save with our prior written consent and unless we receive your written instructions in accordance with our prescribed procedure for establishing such third party authorization.

  • You may upon our prior written approval (which may be granted subject to such terms and conditions as we may impose) convert, in accordance with our prescribed procedure then prevailing, your CRC account to a Joint CRC account, or convert your Joint CRC account to a CRC account.

  • We may, in our reasonable discretion, destroy any document relating to any transaction on your CRC account or your CRC account after microfilming or otherwise recording the same in such manner as we may deem fit as well as to destroy such microfilm and records (including any electronic records) at any time.

  • In addition thereto, we may at our reasonable discretion debit from your CRC account a service charge or administration fee and any expenses we may have incurred in handling the dishonoured cheque or draft, including without limitation informing you of the dishonoured cheque or draft and reflecting the adjustments to your CRC account in your CRC statement.

  • We may in our reasonable discretion, issue without your request, a TBS Access Code to enable you to operate the CRC account via the TBS.

  • We may, in our reasonable discretion, destroy any document relating to any transaction on your CRC account or your CRC account after microfilming or otherwise recording the same in such manner as we may deem fit as well as to destroy such microfilm and records (including any electronic records) at any time.

  • For this purpose, we may (but shall not be obliged to), at any time and from time to time, transfer any credit balances or part thereof in your CRC interest account to your CRC account to meet withdrawals and debits.

  • You and the Companion shall not use your CRC account or issue a CRC cheque to pay the minimum payment or any other monies owing to us in respect of or in relation to your CRC account and/or this Agreement.

  • You will compensate us for and hold us harmless against any reasonably incurred losses, damage, liability, cost and expense which we may incur or suffer (including legal costs) as a result of or in connection with your CRC account and/or this Agreement, the actual or attempted enforcement or protection of any of our rights and remedies against you, any change in any law, regulation or official directive which has an effect on the CRC account, the Citibank ATM/Debit Card, the CRC Card, and/or this Agreement.

Related to CRC account

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Sub-Account means any of the individual sub-accounts of a Participant’s Account that is maintained as provided in Article VIII.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Investment Account As defined in Section 3.12(a).

  • Separate Accounts means the accounts which are to be prepared for each

  • Share Account means the brokerage account established by the Agent for each Participant to which shares of Common Stock purchased under the Plan are credited in accordance with Section 9. The Share Account will be established pursuant to a separate agreement between each Participant and the Agent.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Regular account means the account established for each active and inactive member un-

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Savings Account means an account, which is based on Mudarabah and its profit shall be calculated based on the profit earned on any balance maintained above the minimum threshold or average threshold (as may be agreed upon with the Bank).

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • Subaccount means any subaccount designated and established hereunder.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Administration Account As defined in Section 7.02.