Designated Accounts definition

Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.
Designated Accounts. The Collection Account, the Note Distribution Account and the Reserve Account, collectively.
Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

Examples of Designated Accounts in a sentence

  • In such event, the Bank shall notify the Customer in writing as soon as reasonably practicable and if any Principal Amount has been transferred to the QDII Account, transfer such amounts back to the Customer’s Designated Account(s).


More Definitions of Designated Accounts

Designated Accounts. The AART Collection Account and the Note Distribution Account, collectively. Determination Date: The 15th day of each calendar month, or if such 15th day is not a Business Day, the next succeeding Business Day. With respect to any Distribution Date, the “related Determination Date” is the Determination Date preceding such Distribution Date.
Designated Accounts means the Accounts and Third Party Accounts nominated by the Customer for the purpose of executing a funds transfer. The categories of information required in respect of these Accounts are as prescribed by the Bank from time to time. The Customer acknowledges that certain Accounts may not be suitable for categorisation as Designated Accounts.
Designated Accounts shall have the meaning given the term in Section 5.3 of this Agreement.
Designated Accounts are all of your Deposit Accounts, Credit Accounts, Credit Card Accounts, and Business Credit Accounts that you have with us when you request the e-Bankoh Services, any Credit Card Accounts you subsequently open, and any Deposit Accounts, Credit Accounts, and/or Business Credit Accounts you subsequently designate for use with the e-Bankoh Services on an Application.
Designated Accounts means the Accounts and Third Party Accounts nominated
Designated Accounts means such accounts of Sellers, with proper wire transfer instructions for such accounts, as the Representative shall provide to the Buyer in writing not less than three (3) Business Days prior to any date on which a payment is to be made by the Buyer to the Sellers hereunder.
Designated Accounts means any Account Collateral that constitutes: (a) any deposit accounts listed in Schedule IV hereto and the funds credited to any such deposit accounts, and (b) any securities accounts and any financial assets that are credited to any such securities accounts.