Maximum Account definition

Maximum Account means the maximum amount that the Borrower is permitted to borrow in accordance with the provisions of the preceding sentence.
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Maximum Account. The outstanding amount in CLIENT'S account with UCF (that is, accounts purchased by UCF from CLIENT and not yet paid by customer), shall not exceed the sum of $400,000.00, except UCF may purchase additional accounts from, or advance additional sums to, CLIENT as UCF may from time to time, at UCF's sole discretion, determine.
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Maximum Account means $7,500,000.
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Examples of Maximum Account in a sentence

  • In the event of termination of the Agreement prior to Maturity Date, an Early Termination Fee equal to two percent (2.00%) of the Maximum Account Limit shall apply if there are more than twelve months remaining until Maturity Date at the time of termination; otherwise an Early Termination Fee equal to one percent (1.00%) of the Maximum Account Limit shall apply.

  • The Company may redeem, at any time, in its discretion, all or any portion of the Securities of a Holder if the aggregate principal amount of the Securities held by such Holder exceeds the Maximum Account Balance.

  • Client shall pay to Amerisource a Collateral Management Fee of seventy-five hundredths percent (0.750%), of the Maximum Account Limit to be charged annually in advance.

  • Client shall pay to Amerisource an up-front fee equal to 1.000% of the Maximum Account Limit.

  • A fee of thirty-five hundredths percent (0.350%) will be assessed quarterly in arrears based on the shortfall between Client’s average daily revolving loan balance outstanding and the Maximum Account Limit.

  • The "Maximum Account Balance," as such term is defined in the Coplxx Xxxosit Agreement, is hereafter established at $8,750,000.00, subject to further modification in writing agreed to by each of the parties to this Agreement.

  • However, in no event will the Restoration Account Balance be allowed to exceed the Maximum Account also listed below.

  • SELLER acknowledges that this stated amount is intended as a guideline only, and it does not obligate PFC to purchase Accounts in an aggregate sum equivalent to said stated Maximum Account.

  • The Company will notify a Holder of its intention to redeem such Holder’s Securities under this Section 3.02(c) to the extent the aggregate principal amount thereof exceeds the Maximum Account Balance (or such greater amount as the Company may specify in such notice).


More Definitions of Maximum Account

Maximum Account. The outstanding amount of CLIENT's account with ACTION (that is, at any time, the unpaid and owing principal amount of advances made by ACTION to CLIENT) shall not exceed $500,000.00.
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Related to Maximum Account

  • 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.

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

  • Share Premium Account means the share premium account established in accordance with these Articles and the Companies Act.

  • 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.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

  • Excess Loss Account has the meaning set forth in Reg. Section 1.1502-19.

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

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

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

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

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

  • Rounding Account Not applicable.

  • 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.

  • Account Balance means, with respect to a Participant, an entry on the records of the Employer equal to the sum of (i) the Deferral Account balance, (ii) the Company Contribution Account balance, and (iii) the Company Restoration Matching Account balance. The Account Balance shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to a Participant, or his or her designated Beneficiary, pursuant to this Plan.

  • Debit Balance means, as of any date, the dollar amount, if any, representing the accrued aggregate Annual Charge not deducted from the Liquid Balance.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

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

  • Payroll Deduction Account means the bookkeeping account established for a Participant in accordance with Section 6.

  • Excess Reserve Fund Account The separate Eligible Account created and maintained by the Trustee pursuant to Sections 3.07(b) and 3.07(c) in the name of the Trustee for the benefit of the Regular Certificateholders and designated "Deutsche Bank, National Trust Company in trust for registered Holders of Morgan Stanley ABS Capital I Inc. Trust 2006-HE5, Mortgage Pass-Through Xxxxxfxxxxxx, Series 2006-HE5." Funds in the Excess Reserve Fund Account shall be held in trust for the Regular Certificateholders for the uses and purposes set forth in this Agreement. Amounts on deposit in the Excess Reserve Fund Account shall not be invested.