Designated Bank Account definition

Designated Bank Account means the relevant bank account designated by each Holder;

Designated Bank Account means the relevant bank account designated by the relevant Holder;

Designated Bank Account means the bank account identified in the invoice related to the Contract as the account designated by the Seller for receipt of payment.

Examples of Designated Bank Account in a sentence

• The Company shall maintain a separate bank account to hold the proceeds from the Closing (the “Designated Bank Account”, as specified in Schedule II), and the joint signatories of the Designated Bank Account shall be amended prior to the Closing to include a representative designated by the Purchasers and the chief executive officer of the Company.

• The Designated Bank Account is free and clear of all Encumbrances, except for Encumbrances as set forth in Section 6.07(b) of this Agreement.

• The Designated Bank Account is free and clear of all Encumbrances, except for Encumbrances as set forth in Section 6.06(b) of this Agreement.

• All of Seller’s right, title and interest at the close of business on the Closing Date in and to the Contracts and Bank Accounts shall transfer to Buyer pursuant to the Assignment and Assumption Agreement, which for clarity does not include the Annuity Contracts, the Seller Designated Bank Account, Excluded Contracts, or Retained Cash.

• The Chargor must at all times during the continuance of this Charge, whether prior or subsequent to the occurrence of an Event of Default, credit or pay all Collection Proceeds immediately following receipt by the Chargor, or cause the Collection Proceeds to be credited or paid directly, to or into the Designated Bank Account, except where the Chargee has previously directed or consented to a contrary arrangement.

More Definitions of Designated Bank Account

Designated Bank Account means an HK$ account established and maintained with a bank licensed in Hong Kong solely for the purpose of the Project.

Designated Bank Account means such account of the Concessionaire in Account Bank identified for the purpose of receipt of all the dues from the Authority;

Designated Bank Account means an interest-bearing HK$ account established and maintained in the sole name of the Operator with a bank licensed under the Banking Ordinance, Cap. 155 solely and exclusively for the Grant.

Designated Bank Account means such bank account maintained by the Client with the Participating Bank and designated by the Client as the bank account for effecting the Electronic Payment for Shares Service;

Designated Bank Account means such bank account maintained by Client with the Licensed Financial Institution and designated by the Client to CIMB as the bank account for effecting the payment of sales proceeds via Electronic Payment;

Designated Bank Account means the bank account of such Participant/Issuer opened in the name of such Participant/Issuer, details of which were specified in connection with the opening of such Participant/Issuer’s account on the iSTOX Platform and updated from time to time;

Designated Bank Account means the following bank account of the: