Held Account definition

Held Account means a Registered User’s Bank of America personal deposit or credit card account that is linked to the Hosted Service or SDK Service or any account a Registered User has with Bank of America’s Affiliates.
Held Account means one or more separate, segregated account(s), which may be an interest-bearing account, opened and maintained by Licensee or the Commission at an FDIC-insured bank located in and having a corporate presence in Indiana for use in accounting for and reporting the proceeds of Economic Development Payments made by Licensee to the Commission under this Modified Agreement.

Examples of Held Account in a sentence

  • All such amounts shall not be deducted from the Funds Held Account.

  • Commutation payments in accordance with this Article shall be treated as Ultimate Net Losses paid under this Treaty for determination of the Funds Held Account.

  • Licensee shall pay the Economic Development Payments as required by Section 4.1 in monthly installments by direct deposit or wire transfer of immediately available funds within twenty (20) calendar days after the last day of each calendar month to the appropriate Designated Account and/or Held Account as described below.

  • The existing value of the Funds Held Account (as defined in Article 9: Profit Sharing, Funds Held Account and Interest Credit) as of the Commutation date.

  • In the event that the Borrower is in default on any Obligations to Lender, the Lender, in its sole and absolute discretion, may apply the funds in the Funds Held Account to the Indebtedness in any order deemed appropriate by the Lender, in its sole and absolute discretion.

  • Ultimate Net Loss amounts shall be firstly deducted from the Funds Held Account until such time as the Funds Held Account is zero, after which amounts shall be paid by the Reinsurers to the Company.

  • Additional Premium - The Company shall pay Additional Premium to the Reinsurers as follows: Layer A - Additional Premium, in respect of Layer A Coverage only, equal to 30% (thirty percent) of the ceded amount of Ultimate Net Loss in respect of Layer A Coverage shall be credited to the Funds Held Account as of July 1, 2001.

  • Federal Excise Tax shall not be deducted from the Funds Held Account.

  • The Company shall establish a segregated account (“Segregated Account”) and maintain assets with a market value equal to the Funds Held Account balance.

  • With the consent of Lender and upon execution of this Master Agreement, Borrower may establish one or more accounts (each of which accounts shall hereafter be referred to as a "Funds Held Account") by providing Lender with funds for deposit and instructions requesting that Lender place such funds in a Funds Held Account.

Related to Held Account

  • Note Account As defined in the Indenture.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

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

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

  • Related Account means an Account with respect to which a new account number has been issued by the applicable Account Owner or the Servicer (a)(i) resulting from a lost or stolen credit or charge card relating to such Account (if such Account is a credit or charge card account) or (ii) under circumstances not requiring the standard application and credit evaluation procedures under the Credit Guidelines applicable to such Account, and (b) that can be traced or identified by reference to or by way of Schedule 1 to this Agreement and the computer or other records of the applicable Account Owner or the Servicer.

  • Applicable Account means, with respect to any payment to be made to the Administrative Agent hereunder, the account specified by the Administrative Agent from time to time for the purpose of receiving payments of such type.

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Holding Account means an account:

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Custodial P&I Account The Custodial P&I Account, as defined in each of the Servicing Agreements, with respect to the Mortgage Loans. In determining whether the Custodial P&I Account under any Servicing Agreement is "acceptable" to the Master Servicer (as may be required by the definition of "Eligible Account" contained in the Servicing Agreements), the Master Servicer shall require that any such account shall be acceptable to each of the Rating Agencies. Custodian: Initially, the Trustee, and thereafter the Custodian, if any, hereafter appointed by the Trustee pursuant to Section 8.13, or its successor in interest under the Custodial Agreement. The Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of the Trustee. Neither a Servicer, nor the Seller nor the Master Servicer nor any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.

  • Collection Accounts As defined in Section 3.10(a).

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • 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.

  • Funds Account means an account held by you or any third parties maintained with any Participant.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Linked Account means any controlled disbursement account, controlled balance account or other deposit account maintained by a Collection Account Bank for the Parent, the Performance Guarantor, the Servicer, any Originator or any Affiliate thereof and linked to any Collection Account by a zero balance account connection or other automated funding mechanism or controlled balance arrangement.

  • Direct Account : means any Account which is not an ISA Account.